For that reason, it is usually more advisable to start a business as a corporation or LLC rather than as a sole ...

One of the main advantages of a sole proprietorship is its simplicity. You don't need to file any special forms or pay any setup fees to establish a sole proprietorship—just start doing business.

The advantages of a sole proprietorship include: Owners can establish a sole proprietorship instantly, easily and inexpensively. Sole proprietorships carry little, if any, ongoing formalities.

Sole proprietorships and LLCs both have advantages and disadvantages. Sole proprietorships are simpler and cheaper to set up ...