Does a Sole Proprietorship Ever Make Sense?
In this interview with Jeremy Glaser, who is a partner at the law firm Mintz Levin and also serves as Co-Chair of the firm’s Venture Capital & Emerging Companies Practice, we discuss why you should never set-up your company as a sole proprietorship due to the low cost of establishing a corporation with limited liability.
“As an attorney, I would say never. It’s so inexpensive these days to form an entity and at least get the protection of limited liability either in a corporation or a limited liability company. I can’t picture any situation in today’s world with the litigious society that we live in that you would want to expose yourself as a sole proprietor.”
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This is Patrick Henry, CEO of QuestFusion, with The Real Deal…What Matters.
This article originally appeared in QuestFusion.