The disadvantages that are often discussed about a sole proprietorship is the potential liability

1. One of the disadvantages that are often discussed about a sole proprietorship is the potential liability. Some say that we live in a very litigious world. Given that, is it safe to be a sole proprietorship? Is there a way to protect yourself against the liability? Thoughts?
2. All business forms need some sort of management. In addition, they need to have governance. What is the difference between management and governance? What role does transparency play in management? In governance? Thoughts?

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