About the personal financial risk he faces

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Reference no: EM133613717

Question

Rajit wants to start his own business but is concerned about the personal financial risk he faces if the business fails. What steps should he take to responsibly start his business? Rajit should start an LLC where only the business will be financially responsible, not him. Rajit should find a partner who can share the financial burden with him. He should begin with an initial public offering to generate capital. He should start a Sole Proprietorship because he can reap all the financial rewards.

Reference no: EM133613717

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