Any advantage to sole proprietorship for rental
I just bought my first rental home and will be using a property manager. I wanted to understand whether there is any advantage to creating a sole proprietorship. I can could use this to open a business account at my bank for managing the income and expenses, otherwise I can open a new personal account just for the rental. I'll most likely start an LLC next year after I have a few more properties and will need to move any properties I have into that LLC. Thanks!
