2006-09-19 12:44:14 · 4 answers · asked by armyg1983 1 in Business & Finance ➔ Other - Business & Finance
The primary difference most people think about is liability. In sole proprietorships, for example, the principal's personal assets are at risk if the business fails. In other words, if you're sued you could lose your business and your house. In most forms of incorporation, the principals personal assets are protected if the business fails. While it's a more complicated and expensive form of business to run, most people prefer avoiding the personal liability.
2006-09-19 12:49:54 · answer #1 · answered by pismocrab 3 · 0⤊ 0⤋
Because business is about money. The more mistakes, the more you lose
2006-09-19 19:46:01 · answer #2 · answered by zap 5 · 0⤊ 0⤋
food business. come on, everyone needs to eat!
2006-09-19 19:45:55 · answer #3 · answered by Markin Gomez 3 · 0⤊ 0⤋
HUGE tax and regulatory differences
2006-09-19 19:45:15 · answer #4 · answered by Zak 5 · 0⤊ 0⤋