Sole Prop, LLC, S Corp, C Corp & Partnership | Legal & Tax Differences EXPLAINED

In this video, I break down complex legal and tax distinctions between various business entity types, including Sole Proprietorships, LLCs, Multi-Member LLCs, Partnerships, S Corporations, and even C corporations. By the time you finish watching, you'll have a solid grasp of the legal protection these entities offer and how they impact your tax liabilities. Whether you're an aspiring entrepreneur or an experienced business owner, this knowledge is crucial for making informed decisions that can shape your business's future. 🔗Useful Links: 🌐 Website: https://navimarajcpa.com/ 📋 Enroll In My Course - Small Business Taxes: From Knowing Nothing to Savings Thousands: https://navimarajcpa.com/learn/ 📁 Setup your LLC or Corporation for FREE: FileYourBusiness.com: https://www.fileyourbusiness.com/ Inc Authority: http://bit.ly/incauthoritycoupon IncFile: http://bit.ly/incfilecoupon ZenBusiness: http://bit.ly/zenbusinesscoupon 📒 Video Time Stamps and Resources 📒 Income Tax Calculator: https://www.ameriprise.com/financial-news-research/financial-calculators/1040-tax-calculator Federal Income Tax Brackets: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets State Income Tax Rates and Map: https://taxfoundation.org/publications/state-individual-income-tax-rates-and-brackets/ 2023 Capital Gains Tax Rates: https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates https://www.seevid.ir/fa/w/v5orZuZrVdk – https://www.seevid.ir/fa/w/v5orZuZrVdk Intro to Legal & Tax Differences For Business Entities https://www.seevid.ir/fa/w/v5orZuZrVdk – https://www.seevid.ir/fa/w/v5orZuZrVdk Summary of Legal & Tax Concepts You Will Learn https://www.seevid.ir/fa/w/v5orZuZrVdk- https://www.seevid.ir/fa/w/v5orZuZrVdk Intro to Navi Maraj CPA https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk Difference Between Legal Entity Types & Tax Classifications https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk Legal Entity Types https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk Tax Classifications https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk S Corp Tax Election https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk NOT an Attorney Disclaimer https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk Sole Proprietorship Liability https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk Limited Liability Protection Explained https://www.seevid.ir/fa/w/v5orZuZrVdk -https://www.seevid.ir/fa/w/v5orZuZrVdk 3 Ways to Form a Business Entity https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk What is a PLLC or Professional Corporation https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk Overview of Tax Forms and Due Dates https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk Tax Penalties and Late Filing Fees https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk Introduction to Business Taxes https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk What Taxes do Sole Proprietorships Pay? https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk What Taxes do S Corporations Pay? https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk What Taxes do Partnerships Pay? https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk What Taxes do C Corporations Pay? https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk Adjustment to Gross Income (AGI) for Self-Employment Tax Paid https://www.seevid.ir/fa/w/v5orZuZrVdk-https://www.seevid.ir/fa/w/v5orZuZrVdk Resources to Calculate Your Own Taxes #BusinessTaxes #LegalEntities #Taxation #CPAInsights #NaviMarajCPA #Entrepreneurship #SmallBusiness #FinanceTips #TaxPlanning #TaxStrategies #SoleProp #LLC #Partnerships #SCorporations #CCorporations #TaxClassification #LiabilityProtection #taxeducation