That's not quite true - I'd research that a little more. As far as taxes, a single member LLC can be classified as a "disregarded entity". In that case, the ta

That's not quite true - I'd research that a little more. As far as taxes, a single member LLC can be classified as a "disregarded entity". In that case, the taxes are treated exactly as they would be for a sole proprietorship. The additional complexity of an LLC is just the state franchise taxes (which are usually quite low or zero at first) and a couple of documents - it's not a big deal.