"Unfortunately, for single-member LLCs or sole-owner S-Corps, creditors will generally require the owner to contractually waive such protections."
Relates to contracts you sign (and getting a credit or charge card which you end up signing personally even though it's a "business" card) but not necessarily to expenses or everyday debts (the local printer, the coffee company, merchandise on net 30 terms etc.) In short you can have debt that is shielded as a corporation.
"In contrast, it is extremely difficult to sell an unincorporated/unorganized business,"
Don't agree with this at all. I sold one (20 person company) and the fact that it was a sole proprietorship didn't make it any harder to sell from my experience.
Agree with the other things you said and correctly pointing out that you can deduct business expenses as an individual.
Relates to contracts you sign (and getting a credit or charge card which you end up signing personally even though it's a "business" card) but not necessarily to expenses or everyday debts (the local printer, the coffee company, merchandise on net 30 terms etc.) In short you can have debt that is shielded as a corporation.
"In contrast, it is extremely difficult to sell an unincorporated/unorganized business,"
Don't agree with this at all. I sold one (20 person company) and the fact that it was a sole proprietorship didn't make it any harder to sell from my experience.
Agree with the other things you said and correctly pointing out that you can deduct business expenses as an individual.