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One drawback of the bureaucratic approach to management is that
Personally Liable
The legal responsibility of an individual to satisfy debts or obligations from their own assets.
Preincorporation Subscription
An agreement by an investor to purchase stock in a corporation, made before the corporation is legally formed.
Post Incorporation Subscription
Agreements to purchase stock in a company made after the company has been incorporated.
Corporate Promoters
Individuals or companies that take the initiative in founding and organizing the business of a corporation, including arranging its incorporation and securing capital.
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