Difference Between an LLC and a Sole Proprietorship
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- čas přidán 29. 09. 2022
- #Short
In this video, we're going to be discussing the difference between an LLC and a sole proprietorship. We'll be covering the basics of each, what sets them apart, and how to choose the right business structure for you.
This video is a great primer if you're new to business, and will help you choose the right business structure for your unique situation. So don't miss it!
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But the s corp can cause double taxation if you hahe a w2 job
Yep!
I just tapped in, the gems 💎 they dropped😅 Bro I’m about to go crazy wit this information 🤝
Stating my mobile dental hygiene business soon. Going to start an LLC but are there any restrictions/standards to be taxed as S-corp?
Wow these public servants need to be replaced. Period!
How do I learn more
I'm trying to drive traffic from my TikTok page to my Teespring site page (ecommerce) but, TikTok doesn't allow you to have a clickable link anymore unless you have 1k followers or a Business license number. I have neither. However I do have an LLC. Could I use my EIN number instead?
Yes you can
A LLC IS FREE to create ‼️
Where
Without knowing the right verbiage add into the document you are opening yourself for legal trouble. Most companies that do formation for around $300 remove that issue. It's still not free, you have to pay stay filing fees.
Construction company within an LLC needs bonds. Am I wrong? That's more than 300 to start and upkeep
I'm referring to creating the entity, not all of the other conditions.
What’s Soap?
S corp
THESE PEOPLE SCAM! I’ve started multiple llcs and corporation’s with a couple hundred bucks! Do your research by your state and learn the laws and tax codes and save the money! It’s simple and takes a few hours of due diligence
Correct, I was thinking their price was high for that