Difference Between LLC, Corp, Sole Proprietorship, etc

Posted 4/15/2019

Dear NPLI Management Solutions,I started a sole proprietorship around 15 years ago and closed it about a year later.  I’m thinking about starting a new company.  Can you explain the differences between the different legal business types (LLC, Inc., sole proprietorship, etc.)?

RESPONSE:  This basic guide highlights some of the differences and similarities of the 6 major legal business structures (“entity types’).