Entity Comparison

LLC vs Sole Proprietorship

See how LLC and Sole Proprietorship stack up across key factors.

LLC
LLC
Cost
$50 - $500
Best For
Small business owners seeking liability protection
Sole Proprietorship
Sole Proprietorship
Cost
$0 - $100
Best For
Freelancers, consultants & sole traders

Side-by-Side Comparison

Feature LLC Sole Proprietorship
Liability Protection Limited None
Taxation Type Pass-through Personal (Schedule C)
Ownership Structure Members (unlimited) Single owner
Formation Cost $50 - $500 $0 - $100
Compliance Level Low to Medium Minimal
Complexity Simple Minimal

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