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6 Business Liabilities You Might Encounter on Your Entrepreneurial Journey

  • Entrepreneurial journey brings benefits like independence, earning potential, and passion pursuit.
  • However, be prepared for liabilities including accounts payable, loans, tax, payroll, and legal exposure.
  • Maintaining good relationships, managing debt, and understanding tax obligations are crucial.
  • Employee-related liabilities and lease obligations also require careful attention and planning.
  • Protecting your business with proper insurance coverage is vital for long-term success.

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