Sole Proprietorship vs LLC: Which One Should You Choose for Your Business?

A Sole Proprietorship is the simplest business structure, and it essentially means that there is no legal distinction between you and your business. A Limited Liability Company, or LLC for short, is a business structure that protects you from personal liability, meaning that your personal assets are safe if your business runs into financial trouble.
In this video, we’ll break down the differences between sole proprietorship and LLCs, the benefits of each one, and how to choose the right structure for you. And if you stick around to the end, we’ll tell you how to get your LLC or sole proprietorship started.
*****************************************************************************************************************************************************************************************************
Additional Resources
What is a Sole Proprietorship vs LLC? Pros, Cons, and Key Differences ➡️ paymentcloudinc.com/blog/sole...
What is an LLC and is it Right For Your Business? ➡️paymentcloudinc.com/blog/llc/...
How to Determine Your Organization’s Business Structure ➡️ paymentcloudinc.com/blog/how-...
How to Get an EIN Number for Your Business ➡️ paymentcloudinc.com/blog/how-...
How to Start an LLC in 13 Simple Steps ➡️ paymentcloudinc.com/blog/star...
8 Small Business Legal Requirements to Consider ➡️ paymentcloudinc.com/blog/smal...
*****************************************************************************************************************************************************************************************************
Apply for a merchant account with ☁️PaymentCloud☁️ ➡️ paymentcloudinc.com/apply/?ti...
*****************************************************************************************************************************************************************************************************
Chapters
0:00 - Intro
0:24 - What is a Sole Proprietorship vs LLC?
1:07 - Key Differences between LLC and Sole Prop
3:00 - How to Pick between Sole Prop and LLC
4:40 - How to Start an LLC
5:42 - How to Start a Sole Proprietorship
Be sure to subscribe to our channel! ✅☁️ / @paymentcloud
Follow us for more amazing content!
Our Website ☁️ paymentcloudinc.com/
Instagram ☁️ / paymentcloud
Linkedin ☁️ / paymentcloud
Twitter ☁️ / paymentcloudinc
Facebook ☁️ / paymentcloud

[@user-rz8yg5bh6j]

So informative!

[@jguardado_pc]

Interesting video! Wow!

[@drewklebine9487]

Yup, I think I'm gonna need an LLC instead of a sole prop. Thanks for clarifying!