I made a thread the other day about receiving credit card and online payments for a side business and everyone steered me towards actually starting a business to avoid irs backlash. I figured since a good majority of people looking to hire me ask about paying with credit cards that starting a legit business is my best option. My question now is what type of business should it be? A sole proprietor or LLC? I plan on always staying a solo op as I have a full time job and just mow after work and on weekends sometimes. From what I’ve read there isn’t much difference between a S.P. and a single owner LLC. And another question I have is all my equipment I paid for with my own personal money, if I go legit do I need to somehow transfer the equipment to the company for tax purposes?