When is an LLC better than a sole proprietorship?

When is an LLC better than a sole proprietorship?

An LLC, or limited liability company, is often a better choice than a sole proprietorship, especially for businesses that are looking to expand. LLCs offer more flexibility and protection, as they separate the business owner from the business itself. LLCs also provide limited liability protection, meaning that the owner's personal assets are not at risk if the business is sued. Additionally, LLCs often have lower taxes and fewer regulations than sole proprietorships. Finally, LLCs also allow for multiple owners, which can be beneficial for businesses that are looking to expand.

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