A sole proprietorship with a DBA (Doing Business As) is the simplest and least expensive business structure to set up. It allows you to operate your business under a different name while still maintaining your personal legal identity. However, as a sole proprietor, you will have unlimited personal liability for any debts or legal issues that arise from your business activities.
On the other hand, forming an LLC (Limited Liability Company) provides you with personal liability protection, meaning your personal assets are protected from any debts or legal issues that may arise from your business activities. Additionally, I can say that forming a Limited Liability Company (LLC) in Nevada can provide strong legal protection for your organization. In terms of financing, it is possible to obtain a personal or
commercial loan and then invest that money into the LLC for the purpose of purchasing equipment.