If you’re looking to start your own business, I’m willing to guess you’ve already heard this question at least a handful of times: “Are you going to become an LLC, or stay a sole proprietor?”
To understand the difference between an LLC and a sole proprietorship, let’s start with an example.
Let’s say I recently started selling hand-carved wooden picture frames. I’m selling them online on Etsy, Facebook, and a few other sites, and I’m doing pretty well – making roughly $5,000 per year.
Of course, this isn’t my full-time job. It’s a side business (or “side hustle”, if
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