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    LLC versus a proprietorship

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    Identify one tax or nontax advantage of operating a business as a single-member limited liability company rather than as a sole proprietorship.

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    I always set up my companies as single-member limited liability companies rather than as a sole proprietorship. In fact, I can think of no advantage of setting up a sole proprietorship, except that it is very easy to start a business that way.

    But some of the advantages of a single-member LLC ...

    Solution Summary

    This solution looks at how LLC compares to proprietorship.