Maybe the real difference is that such things might be possible in the US, but sound laughable in Europe?
What would you need to mess up to be liable for huge sums as a single consultant company?
What would you need to mess up to be liable for huge sums as a single consultant company?
Suppose you find out your cvs editor infringes on a patent and you’re liable. Suppose some business suffers data loss and sues. These things do happen in Europe too.
Also, it’s just a matter of professionalism. A sole proprietor isn’t very professional and many medium-size businesses won’t do business with sole proprietorships.
Imagine if you’re a consultant and for whatever reason, you get sued or worse. That’s what the LLC is for.