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The Visual MBA by Jason Barron

The Visual MBA by Jason Barron

Author:Jason Barron
Language: eng
Format: epub
Publisher: HMH Books


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sole proprietorship

Simple and the most common among the entities. It is unincorporated and doesn’t make any distinction between the owner and the business. But with the simplicity comes some risk. Without a distinction between the owner and the business, your personal assets are at risk if someone decides to sue you.

LLC

LLC stands for Limited Liability Corporation. This is usually a better choice over a sole proprietorship as it creates a legal buffer between the owner and the business. This entity combines the characteristics of a sole proprietorship and a corporation.



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