which one “protects” an owner’s personal property against business debt/liabilities? I think sole proprietor is weakest among these 3, LLC provides better protection and Corp is much better shield. How about protection of personal/business property of “investors” in the 2 of these 3 categories (Corp and LLC)? Are these laws (of Corp, LLC, sole p) state depedent?
Re: of corporation, LLC, sole proprietor
Capatin1, simple advice…go with Corp…to make matters complicated for you, there are further divisions in corps as well such as S-Corp. anyway check this out.
Re: of corporation, LLC, sole proprietor
can u be by yourself in a corp?
I have always assumed to be in sole proprietorship for all the side work I have been doing for years. This is because there is nothing involved there. No company registration or anything unless you don’t want to use your own name on invoices, tax, etc. I may be way off base here but this is what I was told by a CPA loooong time ago.