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Kyle Grocery Argumentative Essay

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As a Consultant in Financial Services at StarTech, I strongly urge you to reconsider your business model and change the status of Kyle Grocery Stores from your sole proprietorship to an LLC. Not only are there many financial benefits of an LLC over a sole proprietorship, but also many provisions that can protect your business in the short and long run on the legal level. In my pitch for your consideration, I will make sure to put into detail, the exact benefits and how they outweigh the negatives, as well as show legal cases as examples to show how Kyle Groceries can (and should) stay protected and away from any liability in the event that something unfortunate should happen. Benefits of an LLC The first and most notable benefit of an LLC over a Sole Proprietorship are potentially the tax benefits. Even though you are the sole owner of Kyle Grocery Stores, you have many managers and investors that are accumulating a steady amount of wages as a result of the companies increasing revenues and reducing of costs. However, all of the company's revenues are still yours and still go on your tax return. However, as a member of an LLC, each one your managers and you can report on your own individual tax returns provided the LLC agreement be set up the right way. …show more content…

Each member of a liability is held liable for their own capital contributions, but each member is protected because debts lie within the LLC itself. In a sole proprietorship, you, Mr. Robinson are liable for the whole of Kyle Grocery Stores. I would advise that this is typically dangerous, both in the case of financial losses, and also in the case of a horrific event that may turn into a legal battle, which I will also explain

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