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Covel, S. (2009, Sep 28). The money game --- the double whammy of bankruptcies: Entrepreneurs often don't realize that their personal assets are at risk; until it's too late (Links to an external site.). Wall Street Journal.
The article talks about the different forms of businesses. It can also be used to compare how the impact of a firm's bankruptcy on its owners depends on the organizational form of the business.
SUMMARY: Bankruptcy is an ordeal for executives at any business. But for entrepreneurs, it's often a double whammy: Their personal possessions are in jeopardy along with the business assets.
The following four questions are based on Wall Street Journal Article:
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