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Sole Proprietorship vs. LLC for Side Hustlers: Pros and Cons

StartupNation

But now you’re wondering … should you stick with a simple sole proprietorship … or take the next step and form an LLC ? Let’s take a closer look at the real pros and cons of a sole proprietorship vs an LLC so you can make a decision that fits your business income, risk level, and future goals. Physical products.

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4 Factors to Consider When Choosing a Business Structure

StartupNation

Limited liability company (LLC), owned by one or more members. S corporation, owned by one or more people. Single-member LLC. S corporation. Multi-member LLC. S corporation. Structures that offer limited liability include: LLCs. Pass-through vs. double taxation. S corporation: Form 1120-S, U.S.

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I'll Fund a Startup n00b But Here's How Not to Look Like One

This is going to be BIG.

I didn’t have any friends that were into this kind of cycling at the time—and for whatever reason it’s something that people in their 20’s really don’t do that often. With LLCs, you get two strikes. One is that if you’re going to take venture capital funding, you’re going to convert your LCC into a C-corp.

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