15/15
I looked through the assigned website then decided to ask my dad (who is an attorney) which structure he thought would be best for my business. Since I have just decided to open a small design business, he told me it would be best to do a sole proprietorship. He thought it would be best because I don't/won't have a partner, and there isn't anything I could get sued for. Although a sole proprietorship is simple, I think it is all I need for my simple business. - I loved that there is no paperwork to fill out with a sole proprietorship.
- I loved that I will be a sole owner and can make all the decisions in regard to the business.
- I loved that I wont have to file separate taxes. (This will be a good thing until/if my business grows.)
This assignment has helped because now I know what is best for my business. I know now that I don't have to fill out paperwork, pay fees, etc.
I also realize how convient it is to have an attorney for a dad. I feel like the advice he can give me is better than anything I could ever read.
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