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Things that don't exist
(lemmy.ml)
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this post was submitted on 27 Sep 2023
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The risk of running a business? It’s not like owning a company makes you responsible for that company’s loans if the business goes under or something.
I guess it depends country by country. A company that is not netting anything at the end of the year or if it's loosing money is a direct loss on the entrepreneur's salary. Also if you do this too much, then it's the entrepreneur that should fix the missing money for his employees or for other company with which he is in debt with.
Then again, it's on the government to make sure this guy pays for the debt he left behind.
Oftentimes the story is different and somehow the boss manages somehow to "run away". Then if you speak about appointed CEOs into S&P500 companies, that's another story again because the "risk" there is really minimum for them, and other than "their image" they don't risk anything.
Actually it depends. It might actually make you responsible.