Freelancers: Sole proprietorship vs LLC vs S Corp?

almost 4 years ago from Oz Chen, UX Designer. Writer & Publisher @

  • Oz ChenOz Chen, almost 4 years ago

    Heard about the benefits of incorporating in tax-friendly states, but based on my research it appears safest to incorporate in my state of residence.

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    • Tony Jones, almost 4 years ago

      Yea, it really depends on what state your business transactions are happening in and what you plan to do. If you want to find venture capital or are going into business with others, then Delaware has the most benefits. If it's just a small company with a few customers, with no growth plans, then your home state is usually fine.

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