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Corporation Limited Liability Company Form

Corporation Limited Liability Company Form

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Instructions and help about il limited company

hey there crystal a cpa here and a common question i hear all of the time from new business owners is should i be a sole proprietor or an llc as a business owner you might be wondering which entity type will save you the most in taxes right or you just might be confused on the entire idea of selecting an entity type for your business and why you should actually care either way i completely understand and in today's video i plan on breaking down the key differences and similarities between operating your business as a sole proprietorship or operating your business as an llc let's go ahead and dive in [Music] so let's start with sole proprietorship what is it well ing to the irs a sole proprietorship or sole proprietor is someone who owns an unincorporated business by him or herself but more simply a sole proprietor is one person who earns money by selling a product or rendering a service it is what you are by default when you start your business so there aren&

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