Sole proprietor vs LLC

Hello and thank you so much for your question.  The pros and cons are as follows:

1. Sole Proprietorship - Is an individual who owns a business but is not a legally separate entity from the business. 
• Reports income on Form 1040  Schedule C. 
• It is personal liable for any debts or financial claims against the business.
• Pros-Most accessible type of business to start. 
• Cons-Personally liable for business debts or legal liabilities and Need to pay SE Taxes
2. Single-Member LLC - Single-member LLCs with only one owner.
• Reports income tax on form 1040 Schedule C unless it files Form 8832 and elects to be treated as a Corporation. 
• It provides the owner with Limited Liability Protection.  
• Pros-Single-Member LLC are taxed like Sole Prop and it does have the limited liability protection.
• Cons-Single-Member LLC owners need to pay Self-employment taxes

I hope this answered your questions.  Have a wonderful day