Should I Do Business as a Separate Business Entity?
Key takeaways: Most small businesses in the US operate as sole proprietorships, which means there is no legally separate entity. A business entity like a limited liability company (LLC) or corporation creates legal separation between the owner’s personal finances and the business. Creating a business entity is more expensive and takes more work than operating as a sole proprietorship but offers a number of advantages. Learn how to evaluate the option that makes sense for your business. When you’re starting… Read More