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? asked in Business & FinanceSmall Business · 2 years ago

In the state of North Carolina would you start an LLC or a sole proprietorship for a hotdog vending business?

I'm really debating on the two. I understand that there is more protection with an LLC but you can also get liability insurance along with a sole proprietorship so idk

3 Answers

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  • ?
    Lv 7
    2 years ago

    LLC. Even with liability insurance, if you're sued they can go after all your personal assets if there is an award above the limits on your insurance.

  • Anonymous
    2 years ago

    What about a DBA...unless you have hundreds of thousands in personal assets at age 20 or 21.

  • Judy
    Lv 7
    2 years ago

    You would need liability insurance in either case

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