Bankruptcy Discussion

The following four questions are based on Wall Street Journal Article:

  1. What is your main take-away from this article? What did you learn the most?
  2. How does a firm’s bankruptcy affect the owner of a sole proprietorship?
  3. What is an LLC? How does an LLC or corporation differ from a sole proprietorship or partnership if the firm goes bankrupt?
  4. How does a personal loan guarantee impact an owner if the firm is set up as a sole proprietorship, a partnership, a limited partnership, an LLC, or a corporation?

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All answers must be 150 words each APA format. Please read the article and stay on topic.

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