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Discussion: Q: Sole-Proprietor or Incorporate?Reported This is a featured thread

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Q: Sole-Proprietor or Incorporate?
Sep 21 2007, 8:29 PM EDT | Post edited: Sep 21 2007, 8:29 PM EDT
Can you explain the difference in tax structure between sole-proprietorship or incorporating? The business I seek to purchase is a small motel/rv park. I was thinking of incorporating as a LLC to protect my family assets, however, the seller suggests remaining sole-proprietor because there is less taxes to pay. The business is small and we will not have employees. Please advise. Do you find this valuable?    
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