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LLC vs Sole Proprietor — What’s the difference?

Not sure if you need an LLC or if being a sole proprietor is enough? Here’s how they compare—and why more freelancers are choosing LLCs.

Nick Simpson avatar
Written by Nick Simpson
Updated over 2 weeks ago

If you’ve been getting paid as a freelancer, gig worker, or creator without registering a business, you’re technically operating as a sole proprietor.

It’s the default structure when you work for yourself—but that doesn’t mean it’s the best long-term choice.


What’s a sole proprietor?

  • You use your personal name, SSN, and bank account

  • You’re personally responsible for everything—taxes, contracts, debt, risk

  • No paperwork required to start, but no separation between “you” and “your business”


What’s an LLC?

  • You create a separate business entity

  • You get an EIN (instead of using your SSN)

  • You protect your personal assets from business risks

  • You can open a business bank account

  • You unlock more tax benefits and legal protection


The key difference: liability

If something goes wrong—a dispute with a client, a chargeback, a tax issue—as a sole proprietor, it’s you on the line. Your savings, your car, your credit.

With an LLC, your business takes the hit—not your personal life.


Taxes are simpler, too.

Both structures can use WorkMade to automate everything. But once you have an LLC, you’ll be eligible for more write-offs, cleaner books, and better separation between personal and business money.


TL;DR: Sole proprietor = easier to start.
LLC = safer, more professional, and built for growth.

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