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Entrepreneur's Journal: Protecting personal assets when the business dives

Even during economic expansions, the failure rate for small businesses is high. Of course, things are even worse now, in light of the falling GDP and rising unemployment.

However, if a business needs to close down, the risks may be much larger than the overall investment. For example, in times of economic distress, there's likely to be a higher likelihood for lawsuits that can expose a small business owner to personal liability.

Continue reading Entrepreneur's Journal: Protecting personal assets when the business dives

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Last updated: November 27, 2009: 06:45 AM

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