I'm in the process of starting a business and visited my local SBDC to get a little counseling. One thing I like about my business idea is I can do it all with a small loan and should not need to acquire any more capital after that. The business professional at my local SBDC though told me I should still create a corporation and sell stock in it, even though I wouldn't need any more capital for expansion and the loan would give me all my startup capital. It should be noted my exit plan is to sell the company in 5 or so years. I couldn't understand why he was so adamant that I should sell equity in the company if I didn't need capital. The only thing he said that made sense is I would have complete owner's liability if I didn't sell stock, even though it is limited in a corporation or llc, but I would think the added profits from owning 100% of my business would be more important. Is there any other reason I might sell equity if I don't need capital to run the business and I plan on selling it in 5 years? Should I do this? Thanks!