[singleshot_]

A sole proprietorship is the simplest business form. It’s just you, doing your thing.

But an LLC is very different. It is an entity separate from you that can have its own income and protects you, the member of the LLC, from some liability.

There is no sole proprietor LLC. There can be a single member LLC, and such an LLC, for tax purposes, can be invisible if you choose. This is called a disregarded entity. For the purposes of taxation, gains and losses essentially flow through to your personal return as if the LLC didn’t exist. But you still have some liability protection if you act properly.

If you think what you have is a sole proprietor LLC, it is very likely that what you actually have is a single member disregarded entity LLC.

(None of which matters a lick but some people like to know the fancy words. If that ain’t you, feel free to ignore!)

[joshstrange]

I knew it sounded (felt?) weird as I typed it, I meant single member LLC. Thank you!