Limited liability is one of the advantages of corporate form

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1. The text mentions that limited liability is one of the advantages of the corporate form. When are the courts sometimes willing to "pierce the corporate veil," holding owners personally liable for the debts of the corporation?

2. How would you advise a small business owner to close their business? In other words, what exit strategy would you select for your business?

3. How is the strategic plan of an engineer/scientist entrepreneur likely to be different from that of an entrepreneur whose primary strength is in the manufacturing area? Be complete in your answer.

Reference no: EM132252918

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