Category: business

March 26, 2021

All About Sole Proprietorship

Sole proprietorships do not offer legal protection over your personal assets if you face a lawsuit or financial trouble. When registering your sole proprietorship within your state, you may have to file a doing-business-as application and register for an employer identification number. Sole proprietorships require the least amount of administrative work of any incorporated entity. This article is for business owners who want to know […]

February 26, 2021

How to Starting a Sole Proprietorship

A sole proprietorship is very simple to get up and running. Because you don’t have to register your business with the state, there aren’t many formal steps. However, there are certain things you may want to apply for, depending on certain changes you might like to make to your business. Here are some steps you may want to take: 1: Change your business name.If you […]

January 26, 2021

Know More About Types of Business Entities to Consider

Apart from a sole proprietorship, there are several other business entities that could be a better fit for your company. These entities offer limited liability, meaning your business’s assets are considered separate from your personal assets, thereby protecting your personal assets in the event of fines or lawsuits. Limited liability company (LLC)Unlike a sole proprietorship, this business structure protects your personal assets from any legal […]