[donb1959]

How many here have an LLC Vs a sole proprietorship. I'm trying to figure which is best for me.

 

[Mike Finley]

The bottom line is a sole prorietership offers no protection of your personal assets - you and everything you own are the business. Unless you plan on never accumilating any assets or weath never form a sole proprietership. In a corporation, the business is it's own entity. You work for it. Somebody can sue the business but your personal assets are not at risk

 

[hatchet]

I wouldn't do anything but an LLC or S Corporation. I have an S Corporation.

 

[Grumpy]

Yep, if you are running a business with any bit of liability, I would do a corporation or LLC. Unless you plan to have more than 100 share holders in your corporation, choose an S corp over a C corp. I too have an S corp.

 

[magnum]

I'm an a sole prop. and soon to be LLC. I have found no protection from the entity of sole proprietor as well as not having my name registered with the state.

 

[premierpainting]

I am an LLC. My cards say that I am the "Operations Manager" even though I own the company..people don't need to know that. Sole proprietor is crazy. Ypu can loose your house and your dog if something goes wrong

 

[Grumpy]

I am an LLC. My cards say that I am the "Operations Manager" even though I own the company..people don't need to know that. Sole proprietor is crazy. Ypu can loose your house and your dog if something goes wrong

I agree with everything you said, except I am an S corp and my card says project manager. We're like two peas in a pod!

 

[premierpainting]

I agree with everything you said, except I am an S corp and my card says project manager. We're like two peas in a pod!

How cute!! :cheesygri Just Kiddin'