Wanda has ask me to consult on her business Salty Pawz, As a consultant I feel my responsibilities are to give alternatives and my recommendations with the information I have available Wanda first concern was her personal liability in connection with her company, the alternative to her sole proprietorship would be to form a corporation of the several that are available the only one that makes sense is the limited liability corp. so the options are that or remain a sole proprietorship. My recommendation would be to remain a sole proprietorship, and my reason behind this is she has expressed concern over the hours she has been putting toward her business It takes some time and expense to form a an LLC even though it does resolve her liability issues. It is totally at this point not necessary to do that she can increase her liability insurance to a point that she’s comfortable with and even add product liability insurance to a point where she is comfortable. This would not add to her work load and she could spend the additional time on her clerical responsibilities in a LLC when formed the members must declare the way profits are distributed and the responsibility of its members as the only member this is just unnecessary additional paperwork.
Since Wanda expressed the Idea of offering her two friends the
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I would recommend that she look at increasing her production capabilities before she expands her marketing area. She must also consider the relationship differences one country has with their dogs than the united states does The differences in culture may have a significant impact on the amount someone is willing to spend on gourmet dog