No, you cannot pay yourself payroll, issuing a W-2, and file your taxes as a sole proprietor. A sole proprietor is required to pay self-employment tax (which is social security and medicare taxes) on the full profit of their business. If you bring in an independent contractor and pay that person more than $600 in the year, you are required to file a Form 1099-NEC for that person.
There are other options for your business to help you reduce your tax liabilities from being self-employed so you may want to contact a tax professional in your area to advise you.
You can also see Small Business and Self-Employed Tax Center for more information.
@wadek1970
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