Sole Proprietorship vs. LLC

Did you ever wonder what the difference is between a Sole Proprietorship and a Limited Liability Company (LLC)?  Whether you want to start a side hustle or grow your small business, determining which structure you need is the best first step.  The two most common forms of business are a Sole Proprietorship and an LLC.  Both allow you to function as a working business, but they differ when it comes down to credibility, liabilities, and taxes.

A Sole Proprietorship is the simplest form of business where the owner and the business are legally the same.  This means the owner will directly receive all of the profits as personal income.  However, this carries a lot of liability to the owner’s personal assets.  Going further, an LLC is a step up in formality and credibility from a Sole Proprietorship.  In this structure, the owner and the business are legally separate, which provides protection over the owner’s personal assets while also offering tax flexibility and greater options for growing businesses with multiple owners.

Review your business direction and goals.  Are you wanting to test a new idea?  Have you been wanting to expand in the community?  Do you want to hire more employees?  The foundation your business starts on is crucial to its later success, and that can be grown from choosing the right type of business model.

Let the right business structure carry you forward!

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Prepared to Party – Lambeau Tailgate Law Playbook

Everybody knows that if you want to have a good time during an NFL game, Green Bay Packers fans do it best! 🏈🏈
Whether you’re hosting a party at home or tailgating near Lambeau, Green Bay locals know how to keep the good times rolling. But with Green Bay’s tailgating excellence comes the rules that keep the area’s reputation intact. Packers fans not only love their city and team, they show that love by respecting Lambeau’s regulations and local laws on game day Sundays.
Whether it’s your first time or you’re a seasoned pro, remember these tips and rules once tailgating (and game time) rolls around:
• It doesn’t matter what time you want to party; if you’re planning to use Lambeau’s parking lot, gates open two hours before kickoff.
• Lambeau parking spots are sold to season-ticket holders and must be repurchased each year.
• No open flames (bonfires) or gas grills are allowed.
• You may consume or possess opened alcoholic beverages on Lambeau parking lots or adjoining sidewalks on game day.
• Don’t party so hard that you engage in disorderly conduct or create risks to yourself, others, or property.
• You cannot throw any items at anyone or onto any stage, event area, or the playing field during the game, or for 90 minutes afterward.
• No smoking inside the stadium.
• Motor go-carts and minibikes are prohibited in any parking lot or walkway within the stadium complex.
• To sell Packers merchandise (or any merchandise) on the street or sidewalk, you must first request city approval.
• Drones may not be flown or operated below 400 feet within the designated event boundaries.
• If you plan to play music or broadcast the game, loudspeakers are not allowed on city streets without permission from the Police Chief. Hosts must also keep speakers silent before 9:00 a.m. and after 9:00 p.m. near hospitals, churches in service, or schools in session unless an accommodation is requested at least 30 days in advance.
Continue the Packers tradition! Have a great time and respect the rules of the game! Keep these tips handy as the season approaches!