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Self employed
Hi again, @EK241 ! We're not allowed to advise on choosing a business entity, as that's outside of our scope. With that being said, the main advantage of being a sole proprietor is simplicity. I would advise consulting with a local or online tax accountant or attorney who advises on such matters, if you're considering a change in entity. I can also say that an LLC is generally a "disregarded entity" for tax purposes, so it has no tax effect. Hope this helps!
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‎August 30, 2023
1:26 PM