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.