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Discussion: Small Business and Liability

Business acumen is an important skill for small business owners. Equally important is being knowledgeable of the laws governing small businesses.

This knowledge can help small business owners minimize legal liability and protect their business.

For this Discussion, read Case 16, "Richard Harris and Harris Homes LLC" in your Entrepreneurial Small Businesstextbook, page C-18.

What do you think are the two greatest risks facing Richard Harris's business? Why?

What actions can Richard take now to manage the risks you mentioned above?

From this experience, what recommendations would you make to Richard Harris to do an even better job of preparing for future hurricanes?

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