I currently am registered as a sole prop and have been told to switch to an LLC. Does anyone have any recommendations?

Erica

When trying to decide which way to go with the business entity issue, be sure to speak to both an attorney and an accountant.

Many people mistakingly believe that by incorporating, their personal assets are protected. Business owners will quickly find that they are being asked to sign off on a Personal Guarantee at every turn. Everybody from vendors to landlords to credit card merchant companies require you to sign a PG before doing business with you. That little piece of paper actually overrides the corporation's "protection". Your assets are still left wide open.

While there are very good reasons for incorporating (taxation being one), do not incorporate only for the "protection". Talk to a lawyer first.

Sylvia
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