Demystifying Business Entities for Your Home Care Startup

Confused about choosing a business entity for your home care agency? Coach Michelle is here to simplify it!
In this video, you'll learn:
• Key factors to consider when choosing your business structure (0:18).
• The most common option for new home care businesses: Limited Liability Company (LLC) (1:49).
Protect Yourself, Protect Your Business:
• Separate personal assets from business liability (0:34). • Minimize tax obligations (0:45).
• Attract potential investors (0:50).
Choosing the Right Fit:
• Weigh the ongoing costs of maintaining your chosen entity (1:01).
• Consider future plans: Will you offer employee ownership or partnerships? (1:13).
• Research thoroughly: Explore options on the Secretary of State's website and trusted online resources (1:30).
Limited Liability Company (LLC): A Popular Choice
• Protects personal assets from business debts and lawsuits (1:54).
• Simpler tax filing compared to corporations (2:00).
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