How a Sole Proprietorship Works | Introduction to Legal Structures

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The most common form of ownership for new businesses is a sole proprietorship. With tax benefits and relative ease of formation, the sole proprietorship serves as an attractive form of ownership for many new startups. Despite its advantages, a sole proprietorship contains several significant disadvantages that need to be considered. Over the course of this video,​ we'll outline some of those significant disadvantages.

[@MikeLaale-ih5ec]

Very impacting I wish to see more

[@maxbosworth3762]

This was so helpful thank you for this (:

[@ManicMercurianAstrology]

Beautiful video, this was exactly what I needed. Thank you. 🙏

[@eduardoblanco4748]

Really good information, I just started an online business but don’t know what to do about the taxes but this is good explanation.

[@Alanisbusinessacademy]

Glad I could help!

[@denisehiggins6551]

THANK YOU THIS WAS REALLY GOOD INFO.

[@williamcharles1534]

Very nice for a last minute rewind before final, thank you very much

[@fabulouslycrafts9756]

Will I be correct if I say, small businesses are examples of sole proprietorship ?

[@mountseaadventurevlog2528]

No, sometimes small businesses have also a partnership, not only sole proprietorship.

[@fabulouslycrafts9756]

@@mountseaadventurevlog2528 thank you for the clarity 😃😃

[@expertregistrar4591]

or it can go like this: sole proprietorship is an example of small business

[@tatijanagilmer207]

these are really great informative videos thank you so very much. i really wish i could hire you to help me start my business...

[@hillaryschandorf3944]

Great content

[@TasmiasWorldUSA]

Thanks for sharing your very nice explanation.

[@kev-othegamer]

Thank you.

[@alexnite8968]

thank you for the help

[@dillonhonore3579]

I would love to know if there was a website out there in which you can live chat with someone that knows this stuff and can explain it visually. that way someone like myself could ask for specific examples of certain aspects. If anyone knows of such a website, please paste the link in a reply to this comment.

[@LornaSatchwell]

Google search "Score Mentor"

[@affanahmed5472]

Very Nice Explanation !!!

[@TearitoffE]

I’m getting into the streetwear industry...how often do clothing companies get sued?

[@akakaaaa9254]

Pretty often, people always look for easy cash grabs. Just don't do anything risky (especially in the beginning), understand and follow laws, and make good quality clothing (like I said especially in the beginning so you don't give your few customers anything to be angry/disappointed about)

[@akakaaaa9254]

As long as you follow the laws and be remotely socially responsible you should be fine...

[@khronicganjaofoz]

I feel like as long u dont do anything scammy or copy any big brands nd you'd be good

[@akakaaaa9254]

*Y E S*

[@blossomotitolaye5408]

Too

[@flewggle]

Thank crap for this video.