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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Solution Summary
This solution looks at how LLC compares to 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 ...
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