Contact Us Today 562-799-1379

Sole Proprietorship

A sole proprietorship is easy to form and gives you complete control of your business. You're automatically considered to be a sole proprietorship if you do business activities but don't register as any other kind of business.

Sole proprietorships do not produce a separate business entity. This means your business assets and liabilities are not separate from your personal assets and liabilities. You can be held personally liable for the debts and obligations of the business. Sole proprietors are still able to get a trade name. It can also be hard to raise money because you can't sell stock, and banks are hesitant to lend to sole proprietorships.

Sole proprietorships can be a good choice for low-risk businesses and owners who want to test their business idea before forming a more formal business.

The Law Offices of Lawrence H. Nemirow will advise you as to how best to form and protect your sole proprietorship

Contact me Today

The Law Offices of Lawrence H. Nemirow is committed to answering your questions about estate & probate, business law, and insurance law issues in Los Angeles County and Orange County.

I'll gladly discuss your case with you at your convenience. Contact me today to schedule an appointment.

Menu