Sole Proprietorship

unlimited liability... is it worth it?

advantages

while being a sole proprietor you can make a lot of capital and create wealth for yourself, and have a expanded business that can do well with stock

disadvantages

if the company goes bankrupt you can lose everything that you have bought from your wealth, the company can choose to sue you for everything.

more info

A sole proprietorship business can outlast the founder and can bring lasting income for the family as long as the business stays afloat and has good stock value