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Both are what's called pass-through entities, meaning that (if you're a single person LLC or a sole proprietor) the profit OR loss from your business will flow from your schedule C to line 12 of your personal tax return.
... effectively no difference.
And, you would need to form the LLC with your state.
One reason for forming the LLC is to separate your personal assets for your business assets, for lawsuit and creditor protection.
Hope this helps
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I previously had a C corp and closed it due to the new restrictions with the IRS and I do not comply with what a real C corp is, being the only owner basically.
My thought was to file as a sole prop this year but I did form an LLC in my state, CA for the liability reason but still on the fence on how to file.
I thought self employment tax would be more than just straight tax through an LLC?