A Sole Proprietorship is a business owned by an individual who operates a business under his/her own name, or as a DBA (Doing Business As).
A sole proprietorship has a lot more disadvantages than advantages. By incorporating as an LLC or corporation, you are legally separating your personal life from your business life. However, a sole proprietorship does not offer that kind of liability protection.
Below you will find the advantages vs disadvantages of owning a Sole Proprietorship;
You can Compare Business Entities for more information. You can also call 800-345-2677, email or live chat with us. Our staff will be happy to help explain the advantages of incorporating and walk you through the entire process. So, don’t wait call today and find out how Harvard can help get you incorporate your business today.
THE AUTHOR OF THIS BLOG ARTICLE IS NOT A LAWYER AND HARVARD BUSINESS SERVICES, INC. IS NOT A LAW FIRM. THE ARTICLE ABOVE IS NOT INTENDED AS LEGAL ADVICE AND SHOULD NOT BE TAKEN AS LEGAL ADVICE. THIS SHORT ARTICLE IS STRICTLY TO MENTION SOME ASPECTS OF DELAWARE’S CORPORATION LAWS AND/OR LAWS RELATING TO OTHER FORMS OF ENTITIES WHICH YOU MAY NOT BE FAMILIAR WITH. WE RECOMMEND THAT YOU CONSULT WITH A LAWYER BEFORE FORMULATING A STRATEGY WHICH WILL BE SUITABLE FOR YOUR SPECIFIC CASE.