Sole Proprietorship vs. LLC: Choosing a Business Structure
Compare liability, federal taxes, paperwork, and state fees for a sole proprietorship and an LLC, with a worked tax example and a short guide to getting an EIN.
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Practical help for people starting a small business or moving up in their careers: writing a business plan, choosing a legal structure, and negotiating pay. Each guide breaks the process into clear steps and links to resources from the U.S. Small Business Administration and other official sources.
3 articles
Compare liability, federal taxes, paperwork, and state fees for a sole proprietorship and an LLC, with a worked tax example and a short guide to getting an EIN.
Choose between a one-page lean plan and a traditional plan, then build each section, run a basic first-year forecast, and avoid the mistakes that sink most drafts.
Research fair pay with BLS data, weigh total compensation, use word-for-word scripts for the counteroffer, and get every agreed term in writing before you accept.