Deadlines
  • UAESep 30: Corporate tax return and payment due for calendar-year taxpayers
  • IndiaSep 30: DIR-3 KYC filing due for company directors
  • IndiaSep 30: Tax audit report (Form 3CA/3CB-3CD) due
  • IndiaOct 7: TDS/TCS deposit due for the previous month
  • IndiaOct 11: GSTR-1 filing due for monthly GST filers
  • USOct 15: Extended Form 1120 and Form 5472 returns due
  • IndiaOct 20: GSTR-3B and GST payment due for monthly filers
  • AustraliaOct 28: Quarterly BAS lodgement and payment due
  • IndiaOct 30: LLP statement of account and solvency (Form 8) due
  • AustraliaOct 31: Individual tax return due for self-lodgers
  • UKOct 31: Paper Self Assessment return due
  • IndiaOct 31: Income tax return due for companies and audit cases
BookMyLLC Logo
Back to Resources
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.

Related Guides

ITIN Application Guide for Non-US Residents
business

ITIN Application Guide for Non-US Residents

7 min read
How to Build Business Credit
business

How to Build Business Credit

6 min read