@Carl wrote:
I see some incorrect information in this thread and will take the time to correct it here.
No need to correct anything; the reason you see some "incorrect information" is because you did not read the post which prompted the response that there is "essentially no difference", which is not a response to the original post but a response to an add-on post.
Again, there is little, if any, difference, for federal income tax purposes between going from a sole proprietorship to a single-member LLC. Read the add-on posts before responding.
Further, the original post to which you read and responded to already has an accurate response and appears to be a couple of years old.
