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Sole Proprietorship
Full Definition
A business carried on by the owner as an individual. The owner of a sole proprietorship is personally liable for all business debts. So, an owners personal assets could be subject to lien or seizure because of business debts or other liabilities.
This is why we recommend formation of either a corporation or LLC to limit your liability to the amount invested into the company.
Sole Proprietorship
Full Definition
A business carried on by the owner as an individual. The owner of a sole proprietorship is personally liable for all business debts. So, an owners personal assets could be subject to lien or seizure because of business debts or other liabilities.
This is why we recommend formation of either a corporation or LLC to limit your liability to the amount invested into the company.
sole proprietorship
Full Definition
A business carried on by the owner as an individual. The owner of a sole proprietorship is personally liable for all business debts. So, an owners personal assets could be subject to lien or seizure because of business debts or other liabilities.
This is why we recommend formation of either a corporation or LLC to limit your liability to the amount invested into the company.
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