Why You Should Never Operate Any Business as a Sole Proprietor
All too often new freelancers assume that being independent means
being a "sole proprietor." There is no question that operating
a sole proprietorship is the easiest, simplest way to start a
business. But, no matter what the jurisdiction in which you
operate, this is not the way you should operate your business --
even just to "get started". Taking any other option, which
would involve establishing a legal entity separate from yourself
-- such as a corporation or limited liability company -- is
infinitely preferable to operating your business as a sole
proprietor.
Written by: Germaine A. Hoston, Ph.D.
Distributed: 2006-06-21
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