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What is better to open a sole proprietorship or LLC as a family business

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lydmila678
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New PostErstellt: 16.06.22, 00:53  Betreff: What is better to open a sole proprietorship or LLC as a family business  drucken  Thema drucken  weiterempfehlen Antwort mit Zitat  

I am going to register a company for a family business, what is better to register?? and the amount of share capital, how to contribute??

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Boriska
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New PostErstellt: 18.06.22, 06:09  Betreff: Re: What is better to open a sole proprietorship or LLC as a family business  drucken  weiterempfehlen Antwort mit Zitat  

First, you need to decide why you need a legal entity (for example, because clients in this particular business prefer to work with LLC rather than IP, etc.). By the way, I have heard that a sole proprietor is more difficult to prosecute (the legislation is more complicated);
Second, an LLC is liable to the extent of its authorized fund, while a sole proprietorship is liable with all of its property.
I recommend studying the question of how to form an llc in south dakota, it will be useful

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Mamarika
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New PostErstellt: 18.06.22, 14:18  Betreff: Re: What is better to open a sole proprietorship or LLC as a family business  drucken  weiterempfehlen Antwort mit Zitat  

Do you have to register a legal entity? Maybe entrepreneurship will be enough. Specify the initial data - what you will do and why you need registration.

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mnilo
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New PostErstellt: 26.12.22, 22:09  Betreff: Re: What is better to open a sole proprietorship or LLC as a family business  drucken  weiterempfehlen Antwort mit Zitat  

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mnilo
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New PostErstellt: 07.11.23, 09:28  Betreff: Re: What is better to open a sole proprietorship or LLC as a family business  drucken  weiterempfehlen Antwort mit Zitat  

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yao618
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New PostErstellt: 25.12.23, 05:12  Betreff: Re: What is better to open a sole proprietorship or LLC as a family business  drucken  weiterempfehlen Antwort mit Zitat  

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