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17

Why maintain a false facade? People like dealing with people. In fact, they often prefer it over dealing with a company. There's no reason to pretend you are something you are not. I contemplated this same thing briefly when starting out. What I found was ... As an "organization" when I received a cold call from someone, they were merely shopping around ...


5

I cannot give legal advice, but what I can say is that legalizing your business entity has several benefits, the main one that I find attractive is Protection against lawsuits If someone decides to sue your business, but legally no business actually exists, then they can come at you both as individuals and sue for your individually owned assets including ...


4

The particular break even point from Sole Proprietorship to Corporation depends on your personal circumstances but tends to be at around the 40-60K / year point. Talk to an accountant. Be aware that having a corporation also takes more time, from the time to set one up with a lawyer to the added time handling accounting (even if you are working with an ...


3

For anyone that's already been down this road, please offer some specific factors to consider in choosing the right legal business entity in RI for a consulting firm with two options: (1) no anticipated retail sales at all, (2) a small amount of retail sales with most income anticipated to be only from professional services rendered. A quick ...


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