Two of the most popular options are sole proprietorship versus LLC. This choice determines whether your business is separate from you as a business owner, with pros and cons to consider either way.

Thinking of forming an LLC? Learn the benefits, when it's worth the effort, and why some sole proprietors might be better off ...

While the decision to create an LLC is a personal one, here are a few signs sticking to a sole proprietorship might make more sense: The decision to form an LLC is a personal one that depends on ...

Starting an LLC is an exciting step toward business ownership. You have filed all of the paperwork, and it’s now official-you ...

Thankfully, there is no fee associated with submitting your BOI report (and if you’re weighing a sole proprietorship vs. an LLC, sole proprietorships aren’t required to file a BOI report ...

Jen is a freelance contributor to Newsweek Vault. On the path to debt-free living, she’s passionate about financial literacy. She enjoys discovering the best credit card rewards and smart micro ...

Visit americanexpress.com to learn more. As a sole proprietor, there is no legal separation between you and your business. Still, it's beneficial to separate your business and personal expenses to ...

Especially if you’re switching to an LLC from something like a sole proprietorship. While it’s possible to handle the process on your own, using an LLC service can simplify state-specific ...

While forming an LLC isn’t overly complicated, it does require more effort than a sole proprietorship. Consult with legal advisors when setting up your operating agreement, especially if your ...