by Besolo | Apr 1, 2025 | Blog, Disadvantages of a Sole Proprietorship
Have you ever considered leaving the nine-to-five routine to take charge of your career? Many professionals who have dabbled in freelancing or consulting are drawn to the idea of being their own boss. A sole proprietorship is the simplest way to start a business,...
by Besolo | Mar 31, 2025 | Blog, Disadvantages of a Sole Proprietorship
Selecting the right business structure directly impacts liability protection, tax flexibility, and long-term growth. A sole proprietorship is the simplest way to operate a business, but it does not separate personal and business assets. Any financial or legal issues...
by Besolo | Mar 30, 2025 | Blog, Disadvantages of a Sole Proprietorship
Running a business as a sole proprietor comes with financial risks. Unlike incorporated businesses, like LLCs or S Corps, sole proprietors are personally responsible for debts, lawsuits, and other liabilities. Without business insurance, an unexpected client dispute,...
