Can't Afford to Incorporate?

Here's a solution to use until your business takes off.
  • ---Shares

If limited liability is not a concern for your business, you could begin as a sole proprietorship or partnership so that monetary losses in the early years of the company can shelter your other income. These "passed-through" losses can offset other income you may have. Then, when the business becomes profitable, you can incorporate.

Excerpted from Start Your Own Business: The Only Start-Up Guide You'll Ever Need

Next Article:
A Look at the Demanding Schedule of Elon...
OK

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.