Legal Question in Business Law in Alabama
which is best to do in business sole p-ship or corporation
Asked on 10/12/10, 9:12 pm
1 Answer from Attorneys
Kevin B. Murphy
Franchise Foundations, APC
Any attorney will say with a sole proprietorship all your personal assets are at risk. A corporation, properly set up and managed, creates a shield against your personal assets. From a marketing perspective, a corporation has more credibility. Consult with a good business attorney in your area for specific advice.
Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise
Franchise Attorney
Answered on 10/18/10, 7:47 am
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