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

Read more
Answered on 10/18/10, 7:47 am


Related Questions & Answers

More Business Law questions and answers in Alabama