Sole Proprietorship vs. LLC: How to Choose

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
Sole Proprietorship vs. LLC: the Two Biggest Differences
What Is a Sole Proprietorship?
Advantages of a Sole Proprietorship
Disadvantages of a Sole Proprietorship
What Is an LLC?
Advantages of an LLC
Disadvantages of an LLC
How to File an LLC
Working With a Registered Agent
How to Choose a Business Structure for Your Company
The Takeaway
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About the Author
Su Guillory is a freelance business writer and expat coach. She’s written several business books and has been published on sites including Forbes, AllBusiness, and SoFi. She writes about business and personal credit, financial strategies, loans, and credit cards.
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