Difference between sole proprietorship and llc

The difference between the sole proprietorship and limited liability company is that, in a sole proprietorship, the owner can start the company in his own name and under no legal liability. The owner is not treated as a separate entity than the business.

In a restricted obligation organization, the business is dealt with distinctively and a different element than the individual who maintains the business. Any financial issue or liability is bourne by the sole proprietor himself whereas in LLC it becomes the companies liability and that too up to the amount they can afford.

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