LEG 100 WEEK 4 Discussion 1 - I would put some options for my friend to help her to decide how to protect her new business from liability while she

LEG 100 WEEK 4 Discussion 1 - I would put some options for...

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I would put some options for my friend to help her to decide how to protect her new business from liability while she still maintain a business structure that fits her needs especially if she is doing these on her own. There are so many different laws when it comes to businesses. My personal first choice would be Sole Proprietorship. Sole Proprietorship is when someone owns and runs a business by themselves. It helps you when you do your taxes because you and your business is taxed as one.The benefits of being a sole proprietorship is that you have the control and flexibility to run business as you want, you have unlimited liability which means the creditors are more likely to extend your credit if you need it.The bad part of being a sole proprietorship is that the creditors can go after your person property if your business assets are not enough, Banks are most likely give you a loan but with higher rates and small

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