I am starting the brand new commercial operation as well as I wish sum carry out over the commercial operation with singular liability. What organizational indication should I use as well as why?
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Make it a privately held corporation with you as the principle and sole stock holder. That gives you total control over the business and the corporation status will protect your personal assets from corporate liability.
sole proprietor any thing else is over kill and makes some one else money.
limited liablity – don’t do dumb.
Really you can control in a new business is yourself. Before you do anything get some good business financial planning software. Then take about 6 months to build your plan. I’m talking about working with your bank and the SBA to build a plan and a budget that will run like a well oiled clock from the day when you first turn your open sign around.