Looking at the two options side by side without any particular industry or business in mind, I’ll always think of an LLC as the better choice for these three reasons.
You’re about to enter the big bad world of owning your own business, and you’ve been advised that becoming a ‘sole trader’ is the best option for yourself. But what is a sole trader, and do the positives out way the negatives? “A sole proprietorship, also known as the sole trader or simply a proprietorship, [...]
Over the weekend, someone asked me a variation of the corporate shield question again. Specifically, in this case . . . I read that if your personal credit is not that great, if you owned a corporation it is easier to get financing because your personal credit is not looked at. That bugs me because [...]