In some US states you have to take out a newspaper ad when you open a company and in Japan you have to when you close one.
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But there's more-than-nothing you can say about entrepreneurial environment encouraged by "In event of failure, click a button online." vs
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"In event of failure, your name goes out on an apology printed in a newspaper distributed to every government office and CPA in country."
End of conversation
New conversation -
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I have to say, the Japanese requirement makes more sense to me. Same requirements as for bankruptcy, yes?
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