MI Barber Practice Questions - Michigan State Barber Licensing Exam

What is the difference between a sole proprietorship and an LLC for a Michigan barbershop?

There is no difference A sole proprietorship offers no personal liability protection; an LLC separates personal and business assets A sole proprietorship is better in every way An LLC requires more employees

Correct Answer:

A sole proprietorship offers no personal liability protection; an LLC separates personal and business assets

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