Large Sole Proprietorship?

Question: What are some of the largest sole proprietorship companies in the United States?

Answer: Oh…. this is a good one. There are no large sole proprietorship companies in the US. All large companies in the US operate as incorporated entities. Incorporated entities provide business the best liability protection for stockholders as well as tax benefits. In fact many major companies have multiple corporate entities that own intellectual property, certain products, even commercial property. A great example of this, Johnson & Johnson, is made up of over 230 subsidiary companies and they produce multiple product brands under the subsidiary companies.

There is no such thing as a Fortune 500 sole proprietorship. Many of you are reading this because you’re trying to determine if you should be incorporated. In your search you will find many people who will advise you that you're two small to be incorporated. Every Fortune 500 business started out small. Just because you’re small doesn’t mean you can’t play with the big boys. By incorporating your business early you start right away protecting your investment, reducing your liability, and save money with tax benefits.