EP07 | Sole Proprietor, LLC or Corporation? Why Your Business Structure Matters More Than You Think

Join us in this episode of the Beyond the Receipts podcast as we discuss the different types of business entities you may be considering for your business.  We’re pulling back the curtain on some of the key legal and tax implications of each structure that sometimes advisors don't always take the time to explain clearly. The truth is most entrepreneurs have confusion on how to choose between remaining a sole proprietor or when to become a LLC, S-Corp, C-Corp or other entities. Unfortunately, the wrong choice can lead to personal liability, extra taxes, and tons of compliance headaches. We’ll discuss an overview of how the (4) popular entity types operate so you’re more informed as you’re making your choice as a business owner.  Also some of the pros and cons of each. Remember, whether you're just starting out or scaling your business, it’s always a good idea to seek legal and tax advice when making this crucial decision for your business. Links: Follow The Tax Minded Bookkeeper on Instagram: https://www.instagram.com/taxmindedbookkeeper/ Follow The Tax Minded Bookkeeper on Facebook: https://www.facebook.com/bbizsolution Check out the website: https://bbizsolution.com/ Tax Resources & Free Downloads: https://bbizsolution.com/resources SCORE.org: https://www.score.org/find-mentor  GW University Small Business and Community Economic Development Clinic: https://www.law.gwu.edu/small-business-community-economic-development-clinic The CEO Tax Minded Bookkeeper Support Community: https://bbizsolution.com/membership