When To Change From A Sole Proprietor to LLC (Pros and Cons)

StartupWise
StartupWise
7.8 هزار بار بازدید - 2 سال پیش - In this video, I go
In this video, I go over when you should switch from a sole proprietorship to an LLC. If you're a business owner or you're self-employed wondering when you should form an LLC, this video is for you. Set up your LLC today with Bizee (originally called IncFile): startupwise.com/bizee ^ Bizee is the new and improved IncFile — they're the same company and still provide the same services, but with a new name. If you're looking to switch over the an LLC, I recommend using a platform like Bizee to do it for you. It will save you hours and ensure that you create your LLC properly and within compliance. I don't recommend attempting to do it yourself!! Also, I recommend the gold package for 99% of you guys watching this video. It costs a bit more but is completely worth it (includes EIN filing as well as a bunch of other stuff you won't know how to do yourself). This is an affiliate link so by using it you'll help support our free channel :) Our favorite business must-haves: 💳 Best business credit cards: go.milevalue.com/business-credit-cards-suw?aff=suw 🏦 Novo (best business bank): startupwise.com/novo 🖥️ Best AI website builder ($3/month using code STARTUPWISE): hostinger.com/startupwise ⚙️ Northwest (best $39 LLC formation service): startupwise.com/northwestLLC 💰 Payroll with Gusto (get 2 months free!): startupwise.com/gusto 👨💼 Best overseas staffing agency (save 80% on payroll): paired.so/startupwise Be sure to watch through until the end because I'll be covering everything that you need to know from the benefits of an LLC to electing S Corp status for tax purposes. Over the past few years, I've formed many business entities, and so I wanted to make this video for anyone out there who wants to get started with their own business. If you got some value out of this video, please SHARE it with a friend who could benefit, and also LIKE and subscribe for more videos like this! Thanks for watching, and I hope you have a wonderful rest of your day! -Charlie #BUSINESS #LLC #ENTREPRENEURSHIP Timeline: 0:00 - Intro 0:32 - Sole Proprietorship 1:00 - The Benefits of an LLC 1:40 - Taxes 2:20 - Comparison 3:05 - S Corporations 5:10 - Raising Money 6:14 - The Cons 6:57 - The Pros 7:38 - Conclusion Disclaimer: Some of the links above may be affiliate links, which means that if you click on them I may receive a small commission. The commission is paid by the retailers, at no cost to you, and this helps to support our channel and keep our videos free. Thank you! All info from our videos is compiled from online sources and our own experience, and we encourage you to do your own due diligence. We appreciate your viewe
2 سال پیش در تاریخ 1401/05/22 منتشر شده است.
7,806 بـار بازدید شده
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