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Question
A common problem for a founder in passing the business on to a daughter or son is:
a. introducing the child to outsiders such as bankers.
b. finding a suitable position for the son or daughter within the business.
c. arranging the transition from part-time to full-time employment.
d. deciding whether the child has the necessary temperament and ability.
Answer
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Liability on the part of an owner that extends beyond the owners investment in the business
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