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  • IndiaLLP statement of account and solvency (Form 8) – Oct 30
  • AustraliaIndividual tax return for self-lodgers – Oct 31
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  • IndiaQuarterly TDS return (Form 24Q / 26Q) – Oct 31
  • IndiaTDS/TCS deposit for the previous month – Nov 7
  • IndiaGSTR-1 for monthly GST filers – Nov 11
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business

LLC vs Sole Proprietorship

By BookMyLLC ExpertApril 5, 20265 min read
LLC vs Sole Proprietorship

LLC vs Sole Proprietorship: Which is Right?

Choosing between an LLC and sole proprietorship depends on your liability concerns, tax situation, and growth plans.

Sole Proprietorship Pros

Simplest structure, no formation costs, no separate tax return, complete control. Best for freelancers and side hustles with low liability risk.

LLC Pros

Personal liability protection, professional credibility, tax flexibility, easier to raise capital. Best for businesses with liability exposure or growth plans.

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