Now they're an option in all 50 states plus the District of Columbia. Like S corporations, LLCs generally shield investors from personal liability while avoiding double taxation. Plus their managerial structure is less restricted than a corporation's would be. If you're the sole investor in your business and you want full control with minimum paperwork, consider sole proprietorship. It could actually make you more profitable in the end.
Many businesses start out as sole proprietorships, then incorporate as they begin to grow.
You avoid all the cost and paperwork associated with starting and maintaining a corporation. You simply need to abide by local and state business regulations. You can make all decisions relating to your business without consulting partners or a board of directors. This provides increased flexibility, letting you make advantageous decisions on the spot. Simpler tax structure.