Two of the most popular options are sole proprietorship versus LLC. This choice determines whether your business is separate from you as a business owner, with pros and cons to consider either way.

For many small business owners, the choice will be between a sole proprietorship and a limited liability company (LLC). Here ...

Thinking of forming an LLC? Learn the benefits, when it's worth the effort, and why some sole proprietors might be better off ...

Thankfully, there is no fee associated with submitting your BOI report (and if you’re weighing a sole proprietorship vs. an LLC, sole proprietorships aren’t required to file a BOI report ...

If a sole proprietor is wronged by another party, he can bring a lawsuit in his own name. Conversely, if a corporation or LLC is wronged by another party, the entity must bring its claim under the ...

Jen is a freelance contributor to Newsweek Vault. On the path to debt-free living, she’s passionate about financial literacy. She enjoys discovering the best credit card rewards and smart micro ...

Especially if you’re switching to an LLC from something like a sole proprietorship. While it’s possible to handle the process on your own, using an LLC service can simplify state-specific ...

will choose between remaining a sole proprietorship, which requires no paperwork at all, and an LLC. LLC stands for "limited liability company," which is a business structure that combines the ...