That could mean that after you have Telephone Number List spent your $10,000 in business profits, you could be required to start paying the rest of Joey's medical costs with your "own" money. In effect, all of your personal income and assets could Telephone Number List become vulnerable to being used to cover your business costs. It doesn't even have to be a big dramatic situation like little Joey to create big problems for you.
What if you ordered a gigantic Telephone Number List amount of ice cream for the summer, and it rains most of the time from June until September? Your business income will probably go way down below what you expected, and your profits may not be enough to cover the cost of all that ice cream that is still in your freezer - not to mention that you're having Telephone Number List trouble covering your store rent and utilities with only a few people buying ice cream in a rainy summer.
Same problem. After you've used Telephone Number List up your saved $10,000 in profits, you could be required to use your own Telephone Number List savings etc. to pay those bills. Pretty scary, huh? Now, admittedly, those are pretty extreme made-up examples. But the point remains. In a sole proprietorship