How to Manage Business Risk

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Unlike loans, grants don’t require reimbursement, and they also don’t entail equity stakes like traditional buyers. Additionally, preserving your personal and business funds separate makes bookkeeping and tax preparation easier. Sole proprietorships are Business newses owned and operated by one particular person and usually are not recognized as a separate entity from the owner by the federal government. While a sole proprietorship is the best business structure, sole proprietors are personally liable for his or her business.