A sole proprietorship is the simplest way to start a business. The individual represents the company legally and fully. Advantages of a sole proprietorship include lower start-up costs and easier money handling; there is also no payroll if you are the only employee, and tax preparation is generally simpler. The disadvantage of this type of entity is that you are personally liable for all business actions. Your personal wealth and assets are at risk. Brinkley Walser has skilled business law attorneys who can advise you on whether or not this type of entity should be your choice as you start your business.


