Friday Archive Dive: Sole Proprietorship Disadvantages
Today’s dive into the archive of Webcomics.com takes us to July 2011, when we talked about some of the disadvantages of organizing a business as a sole proprietorship.
As small businesspeople (or, more flatteringly, people who manage small businesses) most of us fall into the legal category of a sole proprietor. And, for most of us, the sole proprietorship is the easiest and most advantageous structure for our businesses to be run under. After all, we’re not generating the income or taking the risks that would cause us to structure our businesses as LLCs or corporations.