Sole Proprietorship

Registering your company as a sole proprietorship is a simple and inexpensive method to start building your business. This type of business refers to one person who owns and runs the company, with no separation between individual and business assets and liabilities. While this arrangement is alluring to small companies due to low startup costs, be cautious. Because there is no division between personal liabilities and that of the business, sole proprietors can find themselves in more trouble than they expected if the business takes a turn for the worse.

This article goes deeper into those risks: Sole Proprietorship: What’s It Worth?

At Norris Law Firm P.C., we can answer questions you might have, and guide you to make the best decision for you and your business. We’ve done the research, and we can help.