Proper Business Formation is Crucial for Financial Protection


Central Pennsylvania business lawyer explains why a sole proprietorship is a bad idea.

Anyone who operates a business, whether as a sole proprietor, as a partnership, as a limited liability company, also known as an LLC or as a true corporation needs legal counsel to provide them with the business advice necessary in order to make certain that you do not get in trouble with your creditors, with your employees, with the Pennsylvania state or with the federal government.

LLCs and corporations should protect anyone in business. Anyone who operates as a sole proprietorship has placed themselves and their personal assets at risk for their creditors, or any judgments or liens or lawsuits filed against them.