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How to Make Money on Twitter with Ad.ly

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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. Posted by Dane on August 30, 2005 | 0 Comments In Business Structures, Operations Email This Post Possibly Related Entries It Can Happen To You: Why Any Sole Proprietorship Is A RiskyBusinessSole Proprietorship BasicsSole Proprietorship with Your SpouseTax Implications of LLCsThis Week on Brain Brew RadioBusiness Entity Comparison TableRisky BusinessThe Safest & Riskiest Small BusinessesRunning a Business With Your SpouseOne Income Is Risky Comments [...]

  • 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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