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  • Tanya S Osensky

How I Help: Startups and Sole Proprietorships

I recently had a call with Sam, who is thinking of starting his own home-based tutoring business. He asked me if he should form a legal entity like an LLC.


There is not a one-size-fits-all answer for every business because no two businesses are alike.


Without forming a legal entity, his business would be a sole proprietorship. The main LEGAL disadvantage of a sole proprietorship is that the owner gets no protection from business liability. But that may be perfectly fine for a low-risk type of business like tutoring.


As a business attorney I have advised thousands of clients on risk and potential legal consequences, so they can make an informed business decision. That’s just the legal side. There are also tax issues to consider.


If you’re thinking of starting a new business in the new year but not sure whether you need to form an LLC, ask yourself if you like doing things the simplest possible way? Then find a great CPA and then give me a call to talk about the specifics.

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Zack had always dreamed of owning his own business. He had saved up a small amount of money and decided to take the plunge into entrepreneurship. He had heard stories of other people starting their ow

There are two major steps in creating a new legal entity. The first is the formation of the company, which is the service that I provide by registering the company with the Secretary of State. The sec

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