Why would someone want to start a business as sole proprietorship?

A simple answer to your question is its easy to start. You can be a business owner today with a small capital and start your business. Eg : You see so many consultants, freelancers, artists. Also, many are not aware of the advantages of incorporation. Therefore, many start out as sole proprietors.

However, with so many incorporation services & CPAs offering business consultation at affordable prices - many have started to realize its easier to start LLC or INC than risk their personal assets starting out as a sole proprietor


** Our response to question posted on quora

Posted In: Tax

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