Hi Romie, I recommend either. There isn’t a wrong answer, what matters is your goals. But of course, speaking with a lawyer or accountant is recommended over anything I say. 🙂 I know that there are benefits to opening an LLC such as liability and tax breaks. The perception is that you’re serious about growing your businesses. On the other hand, sole proprietorship is a great way to start a business without having to invest in licensing. But you expose your personal assets to extreme risks. You will be taxed at a higher rate, because the money earned falls under earned income regulations, but staring here and then becoming an LLC or even a partnership isn’t necessarily a negative. Again, this all depends on the advice of a professional, but as I stated where you are in your business startup goals, where you’re trying to go, and how much you have to invest in the beginning plays an important role.
