User carl - Dear Vesta most recent 30 from http://www.dearvesta.com 2010-07-30T19:11:48Z http://www.dearvesta.com/feeds/user/12 http://www.creativecommons.org/licenses/by-nc/2.5/rdf http://www.dearvesta.com/questions/3/should-i-help-a-friend-with-stolen-office-equipment/16#16 Answer by Carl for Should I help a friend with stolen office equipment? Carl 2009-10-18T11:22:44Z 2009-10-18T11:22:44Z <p>Don't touch it. It should be returned, but you should have nothing to do with it. </p> http://www.dearvesta.com/questions/1/should-i-set-up-as-a-sole-proprietorship-or-an-llc/15#15 Answer by Carl for Should I set up as a Sole Proprietorship or an LLC? Carl 2009-10-18T11:20:58Z 2009-10-18T11:20:58Z <p>It really depends on what you are wanting to do with the website. LLC, as its name implies, is useful for protecting your private assets and keeping everything separate. If someone were to sue the company, under an LLC, your private assets could not be touched; however, if it were a sole proprietorship, your private assets are fair game. Secondarily, corporations are useful for generating liquidity through going public through a brokerage. </p> <p>As far as the accounts go, it is always smart to keep separate bank accounts. The best way to kill a business is to mix your money. </p>