Beyond the Sole Proprietorship. Home Office Computing
Date Submitted: 11/11/2004 08:48:23
Category: / Business & Economy / Marketing and Advertising
Length: 1 pages (411 words)
Category: / Business & Economy / Marketing and Advertising
Length: 1 pages (411 words)
Hawkins, Carole C., (2001, March). Beyond the Sole Proprietorship. Home Office Computing, v19 i3 p68. Retrieved October 03, 2002, from INFOTRAC database on the World Wide Web: http://web4.infotrac.galegroup.com/itw/session/
The author examines sole proprietors and operators of home based businesses and attempts to find out whether they should continue as sole proprietorships, incorporate, or form a partnership.
The author suggests that home businesses should always consult with a lawyer prior to making any …
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…business plan.
Examples of when a sole proprietor might consider changing business structures would be if the service or product provided lends itself to a potential lawsuit or there is a possibility of not being able to deliver goods or services as promised. The thought of potentially going public or selling the firm within a five to ten year period are other scenarios where a business owner may need to look beyond a sole proprietorship.
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