Give Close Consideration to Growth Rate and Liability Before Selecting the Easiest Type of Business Structure
The day you start acting as a business, you become a sole proprietor. It’s that simple. And while fast growth and certain higher liability types of businesses might make you want to consider other legal structures for your company, some types of enterprises are suited for sole proprietorship in the near and long term. Here’s how to determine whether becoming a sole proprietorship is appropriate for your company, and how to go about doing it.