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Sole Proprietorship Form

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Instructions and help about Sole Proprietorship

for starters a lot of new business owners have to choose between Sole proprietorships and general Partnerships or llc's the problem with the sole proprietorship and general partnership is that soulle proprietorships and partners in a general partnership are personally liable for the business debts and other liabilities unfortunately many new business owners have no idea what a serious problem that is they simply choose a sole proprietorship or a general partnership because they think these structures will be the fastest the simplest to set up and the simplest to maintain with the least amount of costs incurred while it is true that Sole proprietorships and GPS or general Partnerships are simpler to set up simpler business structures they have full personal responsibility for all of the financial risk associated with your business this is definitely not something that you want to deal with

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