LLC or Sole-Proprietor

[Alexander Forrester]

I have a few structural questions regarding my business. I am undecided as to whether I should register as an LLC or keep it as a sole-proprietor. I know some benefits such as my personal assets are protected in an LLC, but I've also heard that it is harder to get a bank loan. If anyone could help me understand both the advantages and disadvantages of both, and also give me your opinion as to which one is better for a buy and hold business that would be great. I would be registering in Indiana if that makes a difference. Thank you.