Owners aren’t individually chargeable for case study answer debts of case study solution company, but may be held accountable if purposefully misrepresentation or fraud is dedicated. Another drawback of a restricted liability company is that owners must publicly expose certain accounting advice that could be included if case study solution agency were a directly partnership or sole proprietorship case study answer most acceptable type of ownership for an competitive entrepreneurial firm would be that of a limited legal responsibility agency. A new competitive undertaking, likely will be taking risks that an established firm would not take. An owner doesn’t are looking to risk private wealth on a venture that had a risk of failure Kershaw, 2009. By setting up case study solution business as a restricted legal responsibility company, case study solution owner or owners, would limit their personal losses. Many risks exist for one operating a business.