By Larry Chiang
I listen and read and curate entrepreneurship advice. In my 10,000 articles, I have never heard: “Do proprietorships.” It is not an exaggeration when I say ‘never’.
I advocate them. I, Larry Chiang, like this legal vehicle. For students, I like the concept of a proprietorship. For practitioners of entrepreneurship, I think a proprietorship is a great way to practice. Doing a legal entity where a Silicon Valley law firm inks papers of incorporation = barrier to your practicing.
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Larry Chiang (@LarryChiang) |
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I think proprietorship are adequate legal vehicles for student businesses that take in ~$25-30k this summer #csMajorCRO
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Download this IRS form 1040
“Schedule C”
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Larry Chiang (@LarryChiang) |
Doing a proprietorship helps you practice and execute a baby business. I call them “ENGR145, Lemonade and Gua Gua Guacamole…
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