I am starting a small business, should I do a LLC or Sole Proprietorship?

I am starting a small business and would like to know the difference between a LLC and a Sole Proprietorship. What are the benifts of each and also what are the cons of each. The business will be based in Texas, and it will have one owner who is a woman, but about 3 other people on the payroll, and be run out of a... show more I am starting a small business and would like to know the difference between a LLC and a Sole Proprietorship. What are the benifts of each and also what are the cons of each. The business will be based in Texas, and it will have one owner who is a woman, but about 3 other people on the payroll, and be run out of a home for now. Any insite on this would be great.
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