May a business be a sole proprietorship and a corporation, too?
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ANSWERS: 2
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No.
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no. If you are a sole proprietor, you can be held personally liable if someone sues you. If you are a corporation (s-corp) and someone sues you, they can take your business assets but not your personal ones. With a corp, you are actually an employee of the corp. You can have a corp with yourself as the only officer, so it would be similar to a propietership except your personal assets would be safe.
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