EPISODE · Apr 24, 2026 · 16 MIN
Business Entities Without the Confusion (or the IRS Side-Eye)
from Swimming Financially · host Desiree Fisher
Do you actually need an LLC to start a business?In this episode of Swimming Financially, I break down the differences between sole proprietorships, LLCs, S-Corps, corporations, and partnerships—so you can choose what actually fits your situation.We’ll cover:How each structure is taxedWhen an S-Corp makes senseCommon mistakes that can cost youThe IRS Hobby RuleKey takeaway: Start simple. Choose the structure that fits your income, risk, and goals—and level up when it makes sense.🎧 Tune in and get clear on your next step.
What this episode covers
Do you actually need an LLC to start a business?In this episode of Swimming Financially, I break down the differences between sole proprietorships, LLCs, S-Corps, corporations, and partnerships—so you can choose what actually fits your situation.We’ll cover:How each structure is taxedWhen an S-Corp makes senseCommon mistakes that can cost youThe IRS Hobby RuleKey takeaway: Start simple. Choose the structure that fits your income, risk, and goals—and level up when it makes sense.🎧 Tune in and get clear on your next step.
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Business Entities Without the Confusion (or the IRS Side-Eye)
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