Month: July 2020

Is it better to rent or to buy a home? It’s a tough decision and one that requires careful thought. About 64{2a3e680f1439d15db2efa1f6e7ed882a5847e72ec9baddde754e69dd847cc2fd} of American adults own their own homes, according to a 2019 Statista report,[i] while the remaining 36{2a3e680f1439d15db2efa1f6e7ed882a5847e72ec9baddde754e69dd847cc2fd} rent, notes Pew Research Center.[ii] While more people lean toward buying a home, research shows rental rates are at a 50-year high.[iii]

When it comes to renting vs buying a house, what’s best for you? To help, let’s explore the pros and cons of each choice.

The pros and cons of renting a home

If you’re thinking about renting a home, here are advantages and disadvantages to consider:

Pros of renting a home

• Move with greater ease. Renting gives you the power to move around more easily because you don’t have to go through the process of selling your home and waiting for potential buyers. Maybe relocation

When you’re starting a new business, you’ll have to choose the type of business structure that’s right for it. Knowing the differences between the types of structures and what each one has to offer can help you choose the right business entity — a decision that’ll affect your taxes, income and legal liability.^[1] When making such a decision, you should always consult your attorney or financial professional.

Common types of businesses

There are five main types of business entities to consider. Let’s take a look at what each one offers and which advantages and disadvantages you need to consider.^[2]

Sole proprietorship

A sole proprietorship is a simple and common type of business structure. It’s the easiest type of company to form and is often the right choice for a one-person operation.^[3] If you’re going to work alone, this could be the right choice for you.

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