The structure of my company is a sole-proprietorship. I am the only owner of the business. One reason that I chose my business to be a sole-proprietorship is because it is the simplest form of business (Chapter 2, p.57, ¶4). Another reason is that I do not want to be liable for anyone else’s money that they have put into the company. By being the only owner, I take all financial risks.
Because of this choice, one impact could be if someone sued me, the person would be suing me, not my business. By this, I mean that my “I will not have the benefit of having my personal assets protected separ