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Owner takes no risk. With they are already rich so losing the business doesn't matter, or they are operating an LLC on a loan that discharges in bankruptcy.
by lupire 4y ago
Owner takes no risk. With they are already rich so losing the business doesn't matter, or they are operating an LLC on a loan that discharges in bankruptcy.
- pclmulqdq 4y agoMost business owners actually do risk something, or at least give up possible guaranteed income to start their business.
- tw98521358 4y agoNot usually. Llc is a bad tax structure so successful businesses don’t often use it. Also if you ever take a business loan you are personally on the hook for the whole thing. Personal guarantees are the worst and you can’t really get out of them