Absolutely. Many IC caregivers start small and transition to an LLC as they grow or want extra protection and branding.
Many ICs choose an EIN to avoid using their SSN and for added professionalism when invoicing.
Highly recommended for clean bookkeeping and to support liability protection.
It varies by state, typically $50–$300 plus an annual renewal fee.
Yes, generally. LLCs offer limited liability protection, but only if business and personal finances remain separate and proper practices are followed.
A Sole Proprietor is you operating your business under your own name or a DBA. An LLC (Limited Liability Company) is a separate legal entity that provides a level of personal asset protection.
No. It’s not required. Many contractors start as Sole Proprietors and form an LLC later.
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