When considering a form of enterprise, what can impose a considerable administrative and financial burden on the enterprise?
Monday, April 03, 2023
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Question: When considering a form of enterprise, what can impose a considerable administrative and financial burden on the enterprise?
When considering a form of enterprise, complying with legal and regulatory requirements can impose a considerable administrative and financial burden on the enterprise. Different types of businesses have different legal requirements and regulations to comply with, and failure to comply with them can result in penalties, fines, or legal action. The costs associated with meeting these requirements can be significant, particularly for small businesses with limited resources, and can affect their profitability and long-term sustainability.
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