Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

What are the tax benefits of a LLC vs a sole proprietorship?
This is going to vary tremendously from country to country (and even from state to state, in some cases).  In general, though: Sole proprietorship: LLC: There are a lot of permutations depending on local law.  One thing that isn't actually much of an advantage is the "limited liability" component of the LLC.  Simply put: for a really small company the majority shareholders are usually going to be "forced" to stand surety for the company in their personal capacity. Limited liability only becomes available once the company has quite a lot of cash/assets (or the illusion of a lot of cash/assets). Update - noticed two further questions that appear very similar: Should all of these be merged?