Ep. 12- Pick Your Avatar: The Entity Edition

Starting a business is exciting.  Learn why selecting the right entity structure is important to ensure smooth operations and avoid any potential challenges down the road. In episode 12 of 2 CPAs & The Mic, hosts Jeff Frable and Sara Mays unpack the real-world implications of selecting a business entity. Whether you're a brand-new entrepreneur, a side-hustler earning passive income, or a seasoned owner scaling into new ventures, this episode offers the insight you didn't know you needed. The team dives into the pros and cons of sole proprietorships, LLCs, partnerships, and corporations—and they break down the concepts of legal protection, self-employment tax, "piercing the corporate veil," and what really happens when you mix friends with business. You'll also learn how income level, investor relationships, and future goals (like selling your company) play into choosing the right tax structure. Warning: you might want to grab a notepad for this one.