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Why Sole Proprietorship Advantages Are Overrated

Why Sole Proprietorship Advantages Are Overrated

by Wesley Henderson | Aug 18, 2022 | Best Practices, Contracts, LLC, Quick Tips, Side Business

Would you like to save $500? Of course you would. What if to save that $500, there was a 1% chance you lost your home, car, savings, jewelry, and everything else you owned? That’s what you are choosing when you choose the sole proprietorship route instead of an LLC....
Sole Proprietorship Examples Show Why You Need an LLC

Sole Proprietorship Examples Show Why You Need an LLC

by Wesley Henderson | Apr 13, 2022 | LLC

Starting a business is exhilarating – I love it because it’s fun and challenging. Sometimes very challenging so let us make a few things easier for you. For example, get in an LLC. Read below to learn why these sole proprietorship examples will convince...
Sole Proprietorship Advantages…and Disadvantages

Sole Proprietorship Advantages…and Disadvantages

by Wesley Henderson | Jan 26, 2022 | Best Practices, LLC, Quick Tips, Side Business

An LLC is usually the smartest decision for a new business. But, to make sure, be sure you understand the alternative. That is, the sole proprietorship. Read along to understand the sole proprietorship advantages and disadvantages. Most will find that the LLC is in...
Liability Advantages of an LLC vs. Sole Proprietorship

Liability Advantages of an LLC vs. Sole Proprietorship

by Wesley Henderson | Oct 8, 2021 | Best Practices, LLC, Quick Tips, Side Business

Get an LLC! There you go – I saved you 5 minutes of reading. But if you’re not convinced, read along to make sure you understand the differences between LLC vs Sole Proprietorship. There are actually a few times where a sole proprietorship would be ok...
Get an EIN Number for Your LLC

Get an EIN Number for Your LLC

by Wesley Henderson | May 11, 2021 | Best Practices, LLC, Quick Tips

Sole Proprietor’s do not need an EIN. But, most Sole Proprietors really don’t need to be doing business without an LLC. Here’s why. An EIN is like a business’s social security number. It tells the IRS who the business is. Single-member LLCs...
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Wesley Henderson

Hi, I'm Wesley! A business attorney turned entrepreneur devoted to simplifying how you protect your business and your assets. Like you, I'm an business owner so I get it and I started Drafted Legal to help you put in place simple and sound legal strategies so you can focus on your business and not worry about getting lost in legal nuances.

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