A freind wants to open up a computer consulting business? Sole Propr, LLC or INC?

Which is best?

Answer:
Depending on his/her exposure to financial and legal liabilities, I would recommend a Sole Proprietorship initially. As the business and assets grow, switch to a LLC to protect those assets.

On the other hand, if he has significant assets now, he should consider a LLC now. Inc. is out of the question; too much paperwork and too many legal requirements.
Sole Proprietor unless he has more business owners.
sole proprities. in business if you have enough capital it is best to be single propritor.

i just want to encourage you more, you had chosen a great business, specially if you are into internet cafe and partly computer sales and services because communication is one of the best. necessity to everyone.

Godd luck!
LLC. Then you will be better set up if your business takes off and you take in a partner. Even consider an S- Corp. I started a dream 10 years ago and it became big, I have partners and many more employees now, as such I am glad I went the corporate route from day 1.

The answers post by the user, for information only, BAnswer.com does not guarantee the right.

Other Questions and Answers:
  • Does some one know a website called www.dataentrybank.com?
  • My husband is trying to get a job as a consultant in training, he does not have any Uk experience?
  • Warranty card vs guarantee card?
  • Does anyone have any suggestions on how to create a winning sales script, for a telephone answering service.?
  • Do you have to have a good credit rating to set up your own buisness?
  • What kind of home business can I start for about $2000.00 that is not an MLM?
  • how do you treat owners drawings on your chart of accounts? which accounts are affected?
  • I need to know how do I start a business in wedding and party planning? I already have my certificate.?