Hi Reader! There are four legal business types: sole proprietorship partnership LLC corporation The first two, sole proprietorship and partnership, you automatically become as soon as you start offering your services or selling your products. The only distinction between the two is if you are doing it by yourself or with one or more friends. If you are going at it alone, you are a sole proprietorship. If you are doing it with friends, a partnership. As Michael Scott learned, you can’t just…
