Choosing a business structure
Sole proprietor, LLC or corporation: what changes for tax and paperwork.
In plain words
A sole proprietorship is the simplest: no filing to start in most places, and the profit goes on your own return.
An LLC is registered with your state and can keep business debts apart from your own. For tax, a one-person LLC is usually treated like a sole proprietor unless it chooses otherwise.
A corporation has more paperwork. A tax professional can help you choose.
Updated 25 days ago from PlaybookReviewed by the Atlas teamGeneral information, not advice for your situation
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