But what about the smaller enterprise - for example, the home-based business; does it also need to incorporate?
Posted on Oct 10, 2016 5:00am PDT
Positively. The fallacy is that the small business – usually a home-based
service business – is too small to worry much about liability issues.
What their owners don’t realize is that even the smallest transaction
can trigger an enormous liability, which can cause the unprotected proprietor
to lose all his or her personal assets. That’s why we insist that
every one of our business clients operate their enterprise through a protective
entity. There are no exceptions – no matter how safe or small the
business seems to be.