What to Consider When Deciding Between Forming a Sole Proprietorship or LLC

Q: With starting a home-based vegan foods business, is it better to set up as sole proprietor or LLC?

A: I considered this question a few months ago when I started my own law firm.  Sole proprietorship is so simple and inexpensive and thus, so appealing.  But after researching the issue, I chose the LLC instead.  While my law firm might not be as tasty a venture as your vegan foods business, the issues we face in choosing our business entity are the same.

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