Advertising disclosure: When you use our links to explore or buy products we may earn a fee, but that in no way affects our editorial independence. Like any other business, sole proprietorships need ...

While sole proprietorships are simple and cost-free to maintain, they expose personal assets to business liabilities.

Consultants who operate as sole proprietors may be personally responsible for damages without professional liability coverage. Many, or all, of the products featured on this page are from our ...

A limited liability company (LLC) limits the potential for its members to be personally liable for the LLC's business debts. It features pass-through taxation.

Owning a business can involve various challenging decisions, and one might be whether to set it up as an LLC or maintain it as a sole proprietorship. Personally, as a blogger and social influencer I ...

If you’re starting a business, you’ll need to decide on a business entity type. Two popular options among new business owners are sole proprietorships and limited liability corporations (LLC). Which ...

If you’re getting into business for yourself and want to legitimize your venture, you’ll need to incorporate. Often, the answer is a sole proprietorship. The simplest and most common form of business ...