I will be meeting with a CPA to guide me in my final decision but just want to get some peoples opinions as to which and why.
I will be a franchise owner of an industrial supply company. I will not hold any inventory or have any type of store front ( I ship product direct to my customers from the wearhouse that the company provides)
My income will only be my commission I bring in
Anonymous
Then be a sole proprietor. You will live or die by the commissions and won't have to set a reasonable salary (as you would be expected to do with a corporation). If you are in California, don't even think of an LLC as that's a $800 year fee to the state whether or not you are making money.
BTW, "wearhouse" is a brandname for men's clothing. Warehouse is the word you are looking for.
Anonymous
Liability protection for an LLC or corporation for a small, single-owner business is a myth. If you get sued, they'll pierce the corporate veil so fast it will make your head spin.
Don't form a business entity because of the myth of liability protection. If you want to protect your assets, get a business insurance policy.
Judy
I'd leave it as a sole proprietorship until you see if you make any money from it.
A Hunch
We don't know what state you are which could change things.
However, based on how you explain the business, you have zero liability. Why wouldn't you establish it as a sole proprietorship? You don't have anything to protect...
mermeliz
LLC is safest way to do business as a small business operator.