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What's the difference between an LLC and a sole proprietorship?

A sole proprietorship is an unincorporated business owned and run by one person. This option is the simplest, no muss, no fuss structure out there. You are entitled to all the profits of the business.


However, unlike an LLC, you are also responsible for all of the liability.


Be sure to consult with an business consultant or tax accountant for the best structure for your business.

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