Is your sole proprietorship at risk?

A sole proprietorship is attractive to the average entrepreneur, you get to reap all of the profits and to have full control of the business; however, it does come with some risk, namely unlimited liability for the owner.

Find out more about corporate law

Stephanie Morrow

by Stephanie Morrow

Stephanie Morrow has been a contributor to LegalZoom since 2005 and has written about nearly all aspects of law, from...

Read more...

Contents

Updated on: March 24, 2023 · 3min read


Twitter logoFacebook logoLinkedIn logoReddit logo
This article is for informational purposes. This content is not legal advice, it is the expression of the author and has not been evaluated by LegalZoom for accuracy or changes in the law.

You may also like

Trademarks

Why do I need to conduct a trademark search?

By knowing what other trademarks are out there, you will understand if there is room for the mark that you want to protect. It is better to find out early, so you can find a mark that will be easier to protect.

October 4, 2023 · 4min read

Last Wills

How to write a will: A comprehensive guide to will writing

Writing a will is one of the most important things you can do for yourself and for your loved ones, and it can be done in just minutes. Are you ready to get started?

February 9, 2024 · 11min read

Starting Your LLC

How to start an LLC in 7 steps: A complete guide for 2024

It's easy to create a new LLC by filing paperwork with the state. But to set yourself up for success, you'll also need to think about your business name, finances, an operating agreement, and licenses and permits. Here's a step-by-step guide.

March 21, 2024 · 20min read