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3 Reasons Why Sole Proprietorship Isn’t the Best Choice For Scaling or Selling Your Business

3 Reasons Why Sole Proprietorship Isn’t the Best Choice For Scaling or Selling Your Business

By Nina Kaufman, Esq.

Should I operate business as a sole proprietor? You certainly can, but is it the smart decision for your business – particularly if you want to scale or sell down the road? In this 60 second video on Entrepreneur.com, I outline the 3 serious reasons to consider forming a formal business entity. The chief appeal – especially for a brand-new entrepreneur – is that a sole proprietorship is a simple solution. Choosing your business’s legal form — sole proprietorship, S corporation, C corporation, Limited Liability Company (LLC) – is an important decision as the owner of your business. While sole proprietorships are the easiest and least expensive type of business to start, there are legal issues that may increase your risk as a business owner when operating as a sole proprietor. Lastly, smart, savvy business owners keep the end game in mind at every stage of their business. Are you looking to scale and your business in the next few years? Do you have an exit strategy that includes selling your company? It’s important to…

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Nina Kaufman

Flying solo doesn’t have to mean going it alone.

I’m Nina Kaufman.

I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.

With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.

And because I’ve been a business owner myself, I’ve lived through the soaring highs and devastating lows – like when my first law firm failed. So I understand what’s involved to serve great clients, detect business risks early and build a true legacy.

I can’t get those 12 years back. That’s why I have made it my mission to ensure that business professionals like you can become wise and discerning leaders, build a solid business, and live your best life.