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To give an example, an acquaintance of mine made a mistake buying a property without doing enough due diligence, later found out that it had one of those old oil heating tanks underground... which leaked. Couldnt sell the property without disclosing it now, otherwise faced a lawsuit so he fixed and re mediated the soil = $60,000. Luckily the business had enough cashflow to cover the hit, but that one mistake could sink many businesses.
In other news, hows everyone's assessment this year? mine went up despite the doom & gloom. I don't know if I should be happy or sad.
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