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It Can Happen To You: Why Any Sole Proprietorship Is A Risky Business
Home Based Business Opportunities:
Are you still operating your business as a Sole Proprietorship?Have you considered incorporating your small business or self-employment activity?
The tax advantages can put thousands of dollars in your pocket every year.
But the Number One reason to consider incorporating has nothing to do with tax reduction and everything to do with asset protection.
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Business Opportunities Weblog | Why Any Sole Proprietorship Is A Risky Business on August 30th, 2005 8:25 pm
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Richard Bacher on October 8th, 2005 9:38 am
Everything I’ve read says there’s no protection by incorporating if you’re a sole proprietor because a sole proprietor assumes full liability for the business. In the plumbing example you gave that person should most certainly have business liability insurance.
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