1.
Many entrepreneurs underestimate the amount of paperwork and planning required when __________ a new company.
2.
Investors who are highly __________ often prefer to start with a sole proprietorship rather than a more complex corporate structure.
3.
If a company is struck off the register, it legally __________ and can no longer trade.
4.
In the event of insolvency, the company’s __________ may be sold to repay creditors.
5.
The partners decided to __________ the firm after failing to reach an agreement on future strategy.
6.
Your choice of legal structure often depends on your personal __________for risk and financial goals.
7.
In a sole proprietorship, the owner is personally __________ for all financial losses.
8.
A limited company is considered a separate __________, meaning it can own property and enter contracts independently.
9.
Many startups complain about the amount of __________ involved in registering a company and complying with regulations.
10.
If the business cannot meet its financial obligations, it may __________ and be forced to shut down.
11.
He quickly realised that __________ involves much more than just selling a product or service.
12.
Shareholders are usually not personally responsible for __________ by the company.
13.
Entrepreneurs often choose insurance and limited liability structures to __________ risk when expanding operations.
