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hi there my name is Pete Herman I'm a certified business advisor with the Maine Small Business Development Center hopefully you watched the first video that I did which talked about the LLC sole proprietor partnership and just a general general idea of how it would look like for taxes and why we recommend the 25 to 30 percent set aside for people that estimate their taxes on the profit now we're gonna talk about a corporation right so first off we're gonna talk about the liability of a corporation then go through the taxes just like we did with the sole proprietor and the partnership and the LLC so when we're talking to corporation we are talking actually creating a person in the eyes of the law so with the sole proprietor you and the business were one with Anela LLC you split yourself into two but it was still you with the corporation it eliminates you entirely what we're doing is we're creating a person in the eyes of the law and that p

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