Sole proprietorships can be a good option for self-employed people, but the problem with sole proprietorships is that they don’t offer any protection from what?
Sole proprietorships do not offer protection from personal liability. This means that the owner's personal assets are not legally separate from the business, exposing them to the risk of lawsuits, debts, or other financial obligations. In the event of legal issues or financial difficulties, the owner's personal assets, such as their house or savings, can be at risk of being used to settle the business obligations.
