The best advice is to talk to an attorney. I currently have an LLC for design and an S-Corp for construction; my attorney says that there is no difference in protection as long as all rules are followed. A sole proprietorship offers no legal or asset protection. But like I said, don't take my word for it, talk to an attorney.
Check with your home state architectural license board and perhaps other states you may have projects in . Some states have restrictions about how firms can be structured. There can also be restrictions on firm names.
Unless your work is 100% unbuilt theory you do for yourself, I can't think of any situation where an architecture sole proprietorship is advisable.
Incorporating one-person firm
Hello all,
I am launching a one-person firm (that would be me) and I would love some advice on which incorporation structure to go with.
Thanks for ANY feedback.
The best advice is to talk to an attorney. I currently have an LLC for design and an S-Corp for construction; my attorney says that there is no difference in protection as long as all rules are followed. A sole proprietorship offers no legal or asset protection. But like I said, don't take my word for it, talk to an attorney.
Check with your home state architectural license board and perhaps other states you may have projects in . Some states have restrictions about how firms can be structured. There can also be restrictions on firm names.
Unless your work is 100% unbuilt theory you do for yourself, I can't think of any situation where an architecture sole proprietorship is advisable.
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
or proofreading.
I WILL TAKE YOUR ADVISE TO NOT TAKE YOUR ADVISE
(AND HAPPY CAPS LOCK DAY?)
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