You hear so much about corporations and LLCs but do you know when you should have one, and what are the similarities and differences between these under California Law?
When Should You Have A Corporation Or LLC:
The answer is when you need to protect your personal assets from business debts. So if you have a home, investments and other assets but are running your business as a Sole Proprietorship or a Partnership, you are risking that any creditors of the business will come after your personal assets. This is […]