Sole Proprietorship VS Incorporation
Jul 24th, 2006 7:12 pm
Jul 24th, 2006 8:30 pm
Jul 24th, 2006 8:54 pm
Jul 24th, 2006 9:07 pm
Jul 24th, 2006 9:16 pm
Jul 24th, 2006 9:30 pm
Your question was so open ended, and yet the answer will depend on YOUR specific business. Any basic economics or accounting textbook even can explain the fundamental points to you.champtechdev wrote:Posting a question on here is a step in researching this topic. I do not take every word as gospel. I collect information from many sources and form my own opinion.
Jul 24th, 2006 9:40 pm
Not if I slip and fall on your wet floor.champtechdev wrote:Thanks Wheel.
So incorporated protects you in case of customers who sue. Hrmm. I guess the chance for someone to sue you would increase if you were running a business that offered a service. Say if i was running a retail business. The chance for someone to want to sue me would be high unlikely right since i am just providing products to end users.
Is this fee of 200-500 for the year, or a one time payment for the length that you have the business?
Jul 24th, 2006 9:58 pm
Jul 24th, 2006 10:01 pm
Aug 3rd, 2006 12:02 am
Aug 3rd, 2006 2:07 pm
This thread is similar to your question:champtechdev wrote:Can someone explain to me the differences or better yet the advantages and disadvantes for these two types of companies?
Aug 3rd, 2006 2:13 pm
Buy business insurance for that.. Don't need to incorporate if that's your only concern.wheel wrote:Not if I slip and fall on your wet floor.
Aug 4th, 2006 12:51 am
Aug 4th, 2006 8:59 am
Aug 6th, 2006 9:11 am
Um, yeah. Good point. So why does anyone incorporate anymore? I'm stumped .fly wrote:Buy business insurance for that.. Don't need to incorporate if that's your only concern.