O&MM Fabricator - September/October 2017 - 41

BIZTALK

SOLE PROPRIETORSHIP
The Wrong Choice Could Be a Costly Mistake
WILLIAM J. LYNOTT

N

early three-fourths of the millions of small
businesses in the United States are sole proprietorships according to the U.S. Department
of Commerce. But is that the best choice for
you and your metalworking business?
That's a question that you should consider
carefully whether you're just getting started or
if you've been giving some thought to changing
your present form of business.
There are four basic classifications of
business entities from which to choose: Sole

proprietorship, partnership, corporation,
and Limited Liability Company (LLC). While
there are a number of variations among these
choices, these four are the most relevant to
your business. Each of these choices has its
own distinct set of advantages and disadvantages which need to be carefully considered.
Even if you feel comfortable with your current
business entity, you should be familiar with the
legal, financial, and practical consequences of
each choice.
September/October 2017 * O&MM Fabricator | 41



Table of Contents for the Digital Edition of O&MM Fabricator - September/October 2017

President’s Letter
Letter From the Executive Director
NOMMA Network
NOMMA Education Foundation
Apprenticeships: Getting Involved With Worker Training
The Collective Mind Gate Series–Part V
Shining Light: How to Work With Illuminated Handrails
Sole Proprietorship or Corporation?
Employment Lawsuits Happen
Supplier Members
New & Returning NOMMA Members & Iron Club Members
Gold Members
Landscape Architect to Blacksmith to Soon-to-Be Preacher
Index of Advertisers
O&MM Fabricator - September/October 2017 - Intro
O&MM Fabricator - September/October 2017 - cover1
O&MM Fabricator - September/October 2017 - cover2
O&MM Fabricator - September/October 2017 - 3
O&MM Fabricator - September/October 2017 - 4
O&MM Fabricator - September/October 2017 - 5
O&MM Fabricator - September/October 2017 - 6
O&MM Fabricator - September/October 2017 - 7
O&MM Fabricator - September/October 2017 - 8
O&MM Fabricator - September/October 2017 - President’s Letter
O&MM Fabricator - September/October 2017 - 10
O&MM Fabricator - September/October 2017 - Letter From the Executive Director
O&MM Fabricator - September/October 2017 - NOMMA Network
O&MM Fabricator - September/October 2017 - 13
O&MM Fabricator - September/October 2017 - NOMMA Education Foundation
O&MM Fabricator - September/October 2017 - 15
O&MM Fabricator - September/October 2017 - 16
O&MM Fabricator - September/October 2017 - 17
O&MM Fabricator - September/October 2017 - 18
O&MM Fabricator - September/October 2017 - 19
O&MM Fabricator - September/October 2017 - Apprenticeships: Getting Involved With Worker Training
O&MM Fabricator - September/October 2017 - 21
O&MM Fabricator - September/October 2017 - 22
O&MM Fabricator - September/October 2017 - 23
O&MM Fabricator - September/October 2017 - 24
O&MM Fabricator - September/October 2017 - 25
O&MM Fabricator - September/October 2017 - 26
O&MM Fabricator - September/October 2017 - 27
O&MM Fabricator - September/October 2017 - 28
O&MM Fabricator - September/October 2017 - 29
O&MM Fabricator - September/October 2017 - The Collective Mind Gate Series–Part V
O&MM Fabricator - September/October 2017 - 31
O&MM Fabricator - September/October 2017 - 32
O&MM Fabricator - September/October 2017 - 33
O&MM Fabricator - September/October 2017 - Shining Light: How to Work With Illuminated Handrails
O&MM Fabricator - September/October 2017 - 35
O&MM Fabricator - September/October 2017 - 36
O&MM Fabricator - September/October 2017 - 37
O&MM Fabricator - September/October 2017 - 38
O&MM Fabricator - September/October 2017 - 39
O&MM Fabricator - September/October 2017 - 40
O&MM Fabricator - September/October 2017 - Sole Proprietorship or Corporation?
O&MM Fabricator - September/October 2017 - 42
O&MM Fabricator - September/October 2017 - 43
O&MM Fabricator - September/October 2017 - Employment Lawsuits Happen
O&MM Fabricator - September/October 2017 - 45
O&MM Fabricator - September/October 2017 - 46
O&MM Fabricator - September/October 2017 - Supplier Members
O&MM Fabricator - September/October 2017 - 48
O&MM Fabricator - September/October 2017 - New & Returning NOMMA Members & Iron Club Members
O&MM Fabricator - September/October 2017 - 50
O&MM Fabricator - September/October 2017 - Gold Members
O&MM Fabricator - September/October 2017 - Landscape Architect to Blacksmith to Soon-to-Be Preacher
O&MM Fabricator - September/October 2017 - Index of Advertisers
O&MM Fabricator - September/October 2017 - 54
O&MM Fabricator - September/October 2017 - cover3
O&MM Fabricator - September/October 2017 - cover4
https://www.nxtbook.com/naylor/NOMS/NOMS0518
https://www.nxtbook.com/naylor/NOMS/NOMS0418
https://www.nxtbook.com/naylor/NOMS/NOMS0318
https://www.nxtbook.com/naylor/NOMS/NOMS0218
https://www.nxtbook.com/naylor/NOMS/NOMS0118
https://www.nxtbook.com/naylor/NOMS/NOMS0617
https://www.nxtbook.com/naylor/NOMS/NOMS0517
https://www.nxtbook.com/naylor/NOMS/NOMS0417
https://www.nxtbook.com/naylor/NOMS/NOMS0317
https://www.nxtbook.com/naylor/NOMS/NOMS0217
https://www.nxtbook.com/naylor/NOMS/NOMS0117
https://www.nxtbook.com/naylor/NOMS/NOMS0616
https://www.nxtbook.com/naylor/NOMS/NOMS0516
https://www.nxtbook.com/naylor/NOMS/NOMS0416
https://www.nxtbook.com/naylor/NOMS/NOMS0316
https://www.nxtbook.com/naylor/NOMS/NOMS0216
https://www.nxtbook.com/naylor/NOMS/NOMS0116
https://www.nxtbook.com/naylor/NOMS/NOMS0615
https://www.nxtbook.com/naylor/NOMS/NOMS0515
https://www.nxtbookmedia.com