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Is a Sole Proprietorship a waste of money? ?

sole proprietorship

Hey, love! New year, new legally legit business, new you!

? I’m sure that’s *exactly* what you woke up thinking, right!?

I know this time of the year brings an injection of renewed energy to get things done…

And you’ve got a LOT to do.

Between your business and y’know — LIFE — your to-do list is fuller than a gym parking lot in January.

You write down lists of important things like:

  • Cook more meals at home
  • Spend less time on my phone
  • Use less single-use plastic
  • Legally register my business

With everything you have going on, I can see why you’re looking for the quickest and easiest way to register your business. (*ahem* Where is the “express lane” around here, anyway!?)

I can almost hear you clicking submit on that Sole Proprietor license application with your state, just so you can check that “I really don’t feel like doing this, but I know I need to do this” item off your list.

WAIT!

You need to know a few things first.

Is a Sole Proprietorship a waste of money?

See, you might’ve heard that starting out as a sole proprietor (or a sole prop, as the cool kids call it) is the way to go because it’s easier, cheaper and faster than an LLC.

But is that really true?

Or will “sole prop” status cause you a headache down the road?

I’m teaching you everything you need to know about Sole Props vs. LLCs today in my latest YouTube episode that you can watch right here ??:

Watch my latest episode to find out why registering as a sole prop could actually be a waste of your time, and a HUGE missed opportunity to legally protect your business.

If you like the episode, I’d love for you to:

→ Give it a like

→ Hit Subscribe to my channel; and

→ Leave a comment letting me know what your biggest takeaway was.

If you’ve already got business registration under your belt, watch my recent episodes on the new California privacy law (does it apply to you?!) and how to send & e-sign contracts legally.

PS. My latest YouTube episode explains why a sole proprietorship might be a huge waste of your time (and money).

PPS. In my signature program, the Fearlessly Legal™ Ultimate Bundle, I give you 10+ DIY legal templates (contracts, disclaimers & website policies) AND 23+ video lessons where I teach you how to legally work with clients online (1:1, group, courses & memberships), form your business,  protect your content with copyrights and trademarks, get the right kind of business insurance and so much more! Learn more + “Get Bundled” right here.

Next Step: Watch my free legal workshop

If you’re ready to legally protect your business and have the legal knowledge you need to know what to do with difficult clients, watch my free workshop ‘5 Steps to Legally Protect & Grow Your Online Business’ right now by saving your seat here.

In that workshop, you’ll learn: 

  1. How contracts can actually save your (vegan, GF) bacon — if you have the right one.
  2. What your website needs to be legally protected.
  3. How to keep copycats off your content.
  4. The mindset shift you’ve got to make if you want to actually grow your  business without looking over your (online) shoulder.
  5. The only way to form your business so that you’re personally and professionally protected.

Ready to watch? Sign up for my free legal workshop right here:

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