Discuss Some of the Positive Aspects of Using Advisors Rather

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The Answer is A board of advisors is designed to dispense advice,rather than make decisions,and therefore advisors are not exposed to personal liability.A firm can solicit objective observations and feedback from these advisors.Informal boards can bring needed expertise,without the legal entanglements and formalities of a regular board.Informal advisors are usually much less expensive.An informal group of advisors can also be a good mechanism through which a new venture can observe a number of people in action and select one or two as regular directors.The entrepreneur gains the advantages of counsel and advice from outsiders without being legally bound by their decisions.

Discuss Some of the Positive Aspects of Using Advisors Rather

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Discuss Some of the Positive Aspects of Using Advisors Rather

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Correct Answer:
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