Any help/advice on what kind of entity to establish?
I currently have a sole proprietor for my rental business. Which was fairly inexpensive.
I think it's about $400 to incorporate in Illinois. Which I want to avoid $400.
Would a sole proprietor be ok to get started? in IL have to advertise in newspaper for Doing Business As (DBA) before being able to get bank account opened. Maybe E&O cheaper with LLC? or less liability?
Appreciate others experience.
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I currently have a sole proprietor for my rental business. Which was fairly inexpensive.
I think it's about $400 to incorporate in Illinois. Which I want to avoid $400.
Would a sole proprietor be ok to get started? in IL have to advertise in newspaper for Doing Business As (DBA) before being able to get bank account opened. Maybe E&O cheaper with LLC? or less liability?
Appreciate others experience.
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