Starting a business as a sole proprietorship is often the easiest path—but as your business grows, it may no longer be the safest or most flexible option. This article explains the key differences between sole proprietorships and LLCs, the risks of staying unincorporated, and the signs that it may be time to convert your business to an LLC.

Running a small business is risky, and financial pressure can escalate quickly. When debt becomes unmanageable, bankruptcy may offer a path forward. We help business owners evaluate Chapter 7, Chapter 11, and Chapter 13 options to regain control and protect what matters most.

Voting rights in an LLC are not one-size-fits-all. Learn how member-managed and manager-managed LLCs allocate decision-making authority, how votes are counted, and why a well-drafted operating agreement is critical to protecting owners’ rights and business flexibility.