Speaking as a Pittsburgh Business Law Attorney, I quite honestly believe there are very few instances where a small to medium sized business should not take advantage of the protections afforded by incorporating or by forming a Limited Liability Company (LLC). Individuals who own a business or who are beginning a business will be operating as a sole proprietor if they do not run the business out of an entity such as a corporation or LLC, which are two of the most prevalent forms of protection. Business Law states as a sole proprietor, an individual’s assets are subject to creditor’s claims and any judgments associated with the business activity. On the other hand, only in very rare cases are individual’s assets subject to the company’s liabilities if they run their business through a corporation or LLC.
Should my business be incorporated?
On behalf of Gusty A.E. Sunseri & Associates, P.C. | May 22, 2012 | Business Law