When do you convert your business from sole proprietorship to a company and what are advantages of a company?

Question by TheErrandBoy: When do you convert your business from sole proprietorship to a company and what are advantages of a company? Say you are running a small business as sole proprietor and business is growing. What minimum annual revenue before one should convert to company? Other criteria to consider on whether to convert to… Continue reading When do you convert your business from sole proprietorship to a company and what are advantages of a company?