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by JustBreath
1070 days ago
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You may be unable to pay bills - except as I mentioned, you'll have unemployment - but that's not NEARLY the same thing as being sued and having to sell your home because your business failed on top of not having any income. It's always painfully obvious when someone has never had to run even the microist of businesses. They literally can't perceive the idea that most business owners are taking a huge risk and putting in far more hours and effort than their employees who are free to just walk away any time a better offer comes along. |
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If you're doing it right, you don't do that. That's why corporations exist, to separate personal and business assets. If your corporate veil gets pierced, that's because you don't know what you're doing.
> far more hours
I mean, if you've ever been at a startup it should be patently obvious that the owners (the board) are not working anywhere nearly as much as people in the office who stay late and many times sleep there.
> free to just walk away any time a better offer comes along
You're absolutely able to do this as a business owner. Businesses get sold and liquidated all the time.