Sole Proprietorship vs. Partnership

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Sole Proprietorship vs. Partnership – This is a place for the community to provide tips and advice on Sole Proprietorship vs. Partnership. This topic was created by Andrea Grandson and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Differences Between Sole Proprietorship, Partnership and Corporation

Published: 9 years, 5 month(s) ago | Submitted by The Sum Killer | permalink

A sole proprietorship is a business that has a single owner who is responsible for making decisions for the company. A partnership consists of two or more individuals who share the responsibility of ...

For further reading: http://smallbusiness.chron.com/differences-between-sole-proprietorship-partnership-corporation-3990.html ^[1]

Tip 2 - Comparing Corporations to Sole Proprietorships and Partnerships

Published: 9 years, 5 month(s) ago | Submitted by Rob Nijst | permalink

Corporations enjoy many advantages over partnerships and sole proprietorships, but there are also some disadvantages to consider. Advantages of a corporation versus a sole proprietorship or partnership Shareholders in a corporation are not liable for corporate debts
Tags: Comparing Corporations to Sole Proprietorships and Partnerships, Incorporation guide, Incorporation, guide

For further reading: https://www.legalzoom.com/knowledge/corporation/topic/sole-proprietor-corporation-partnership-comparison ^[2]

Tip 3 - Comparing an LLC to a Sole Proprietorship and a Partnership

Published: 9 years, 5 month(s) ago | Submitted by Johan u 00d 6rtegren | permalink

The following section outlines the advantages and disadvantages of an LLC in comparison to a sole proprietorship and partnership.Advantages of an LLC compared to a sole proprietorship and a partnershipOwners are not personally responsible for company debts.
Tags: Comparing an LLC to a Sole Proprietorship and a Partnership, LLC guide, LLC, guide

For further reading: https://www.legalzoom.com/knowledge/limited-liability-company/topic/llc-sole-proprietor-partnership-comparison ^[3]

Tip 4 - Differences Between Sole Proprietorship, Partnership & Corporation

Published: 9 years, 5 month(s) ago | Submitted by Edward Ybarra | permalink

Choosing the right legal structure for your new business is an important decision you must make early in the planning process. The type of legal structure you select will affect your ability to raise ...

For further reading: http://yourbusiness.azcentral.com/differences-between-sole-proprietorship-partnership-corporation-1729.html ^[4]