How To Get An LLC | Single Member LLC | Small Business 101 Ep. 5 (legal tips and things to avoid)
You've started a business, or you're thinking about starting a business, and you want to know how to get an LLC, great you're in the right place!
In this episode, you'll discover the
3 STEPS TO GET AN LLC
How To Know When To File An LLC
LLC Vs. Sole Proprietor vs. S-Corp Vs. C-Corp is suitable for you right now.
Over the years, I've started various businesses and have registered them as LLC and S-Corp. I want to share with you lessons learned and mistakes to avoid. *Note: I'm not a tax professional, just a tiny business owner sharing what I know. Be sure to consult your local tax professional to know the best move for your unique business.
LLC Vs. Sole Proprietor
We're talking about operating your business as an Informal business vs. formal business.
An informal business (sole proprietor) might make sense if you're testing a business idea and you haven't yet acquired a steady client base or consistent revenue.
A Formal Business (LLC) might make sense if you're acquiring new customers, expanding your business, or bringing in a significant amount of money into the business.
By changing your business from a sole proprietor to LLC, you will:
Protect your savings, car, and house
Increase your peace of mind
Protect your privacy
Increase business growth