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Updated over 3 years ago on .
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Sole Proprietor or LLC?
I live in Hawaii & recently acquired a 3 bedroom 1 1/2 bath townhouse from my mother's trust. I am in the process of making repairs to rent it out. I am really new to this & really don't know what I am supposed to do. I have been told that I need to open a separate bank and apply for a GE Tax License, but I'm not sure if I should set it up as a Sole Proprietor or a Limited Liability Company.