Sole Proprietorship Vs. LLC. A sole proprietorship is when an entrepreneur owns and operates an unincorporated business by himself or herself. Sole proprietors are personally liable for any debts or challenges that the business incurs. They are the easiest business structure to start and operate. The typical businesses that operate as sole proprietors are individuals, and small informal businesses. Want to know more? Stay tuned and listen the podcast!
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00:00 Introduction
00:37 What is a Sole Proprietorship?
01:25 What is an LLC?
02:16 Benefits to an LLC
02:53 Disadvantages of an LLC
04:30 Sole Proprietorship Benefits
05:45 Sole Proprietorship Disadvantages
06:58 Google Example
07:26 Conclusion
#SoleProprietorshipVsLLC #FranchiseFindings
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