Re:Why Are Some Societies More Entrepreneurial than Others?
by shadowprofile77 on Monday September 23, 2019 @06:52AM
(#21047649)
Damn.. What country is this? Have you no bankruptcy protection laws?
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Re:Why Are Some Societies More Entrepreneurial than Others?
by fauigerzigerk on Monday September 23, 2019 @07:17AM
(#21047763)
I don't think there is a country without any sort of limited liability company. But many startup entrepreneurs will only be able to borrow money from the banks if they accept personal liability and provide collateral, guarantors, etc.
Bankruptcy protection for individuals is not available everywhere and it often comes with very onerous conditions.