Which is best?
2006-10-17 07:18:27 · 5 answers · asked by Neil W 2 in Business & Finance ➔ Small Business
Depending on his/her exposure to financial and legal liabilities, I would recommend a Sole Proprietorship initially. As the business and assets grow, switch to a LLC to protect those assets.
On the other hand, if he has significant assets now, he should consider a LLC now. Inc. is out of the question; too much paperwork and too many legal requirements.
2006-10-17 12:58:46 · answer #1 · answered by PALADIN 4 · 0⤊ 0⤋
LLC. Then you will be better set up if your business takes off and you take in a partner. Even consider an S- Corp. I started a dream 10 years ago and it became big, I have partners and many more employees now, as such I am glad I went the corporate route from day 1.
2006-10-23 14:38:50 · answer #2 · answered by Meeee 2 · 0⤊ 0⤋
LLC or some form of organization...get some advice in this from a lawyer who gadgets up criminal entities. regrettably except you comprehend the lawyer ok, you will in all probability get a "inventory" answer on your question in line with that lawyer's solid point. start up a courting with a tax accountant and ask around! even nonetheless you're corporation is a "Solo" attempt, you fairly desire a collection at the back of YOU to attain corporation! you may evaluate transforming into a member of interior of reach provider provider group to leverage others' adventure in this regard.
2016-12-13 09:59:17 · answer #3 · answered by ? 4 · 0⤊ 0⤋
sole proprities. in business if you have enough capital it is best to be single propritor.
i just want to encourage you more, you had chosen a great business, specially if you are into internet cafe and partly computer sales and services because communication is one of the best. necessity to everyone.
Godd luck!
2006-10-22 11:58:22 · answer #4 · answered by picturesque 3 · 0⤊ 0⤋
Sole Proprietor unless he has more business owners.
2006-10-21 16:53:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋