Sole Proprietorship vs LLC vs Corporation | DBA or LLC?
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- Опубліковано 14 жов 2024
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limited liability company (organization legal structure) sole proprietorship dba llc vs s corp llc vs corporation sole proprietorship vs llc llc vs sole proprietorship what is an llc
You must have paid an arm and a leg to your graphics department! lol
You didn't get it, did you, Stephen ;)
The way I laughed. 😂😂😂 Her graphics department deserves a raise.
Finally , a lawyer with some humor. All Up In Yo' Business is the greatest. Thank you!
Wow you really know your stuff. You manage to say all that information in 8min impressive.
Being concise with one's knowledge is a valuable skill to possess.
Thanks to your help and information, I registered my business as an LLC! So grateful to have found you, Aiden!
Love your videos!! Clear, simple and so practical. I've learned more from a couple of your videos than I have spending hours reading through websites or watching "This is isn't a get rich scheme about how to start your business" videos
Cece stronach Love to hear that! Thank you so much for watching and for the kind words!
Been watching your videos as I'm starting a solo consulting business. I like your sense of humor, it helps break up the detailed law minutia.
You had me at “Hello”. I am a current realtor, college professor teaching business, business owner & future lawyer. I enjoyed the way you presented and covered an overview of business entity. Thank you.
Thank God for this video you beautiful lady. I love the way you put it in the simplest form, subscribed!
same!!
Your videos are by far the best at explaining all about starting a business. Thanks for taking the time to make them!
Thank U 4 simplifying that 4 me, I must say of all the people who tried to explain the do's N fonts U did it the best 👍🏾👍🏾
Arent attorneys supposed to be dull and boring? lol. And btw, the 'All up in Yo business theme' is very kool... :-)
This was way easier to understand than all the other videos that I watched. Thanks!
Came here to learn and returned to the channel because of the content.... and the scenery.
its nice how shes pretty and quite knowledgeable but doesnt take herself too seriously. made things easy to grasp
I appreciate that!! Thanks 😊
This is great. Welcoming style of video and far more entertaining than the other videos on youtube. Keep it up!
I'm sure you are busy but you still take the time to make these videos for us. You are too cool.
Thank you so much again... I’ve watched several videos and I feel very reassured in how my sole proprietorship works and should operate. I appreciate you!
Thank you, Aiden! :D I just found your UA-cam post by accident. I'm very impressed with how you explain everything simply and it's easy to follow. I immediately subscribed to your UA-cam Channel and hit the bell notifications button. I have a lot of catching up to do so I will be viewing all of your pertinent videos for my business decisions. Keep up the great work! I really appreciate it!
Wow thank for your channel =) this is a huge resource! I have been tasked with forming a separate company to manage a function within the building I work, and had NO idea about any processes involved.
Your info-graphic was SO helpful. Thanks so much
It is amazing to find good and generous professional informative people to share what they know. Thank you. Your videos are awesome!! :-)
LOL! You had me at "I kinda look like a mime". And the gestures were just too much. Great info.
Thank you. Your summary comparison of three types of businesses was brief but very informative. Just what I was looking for. Also, I enjoyed the way you presented the information. :)
Great video Aiden. Thanks for sharing and simplifying this for business owners.
Thanks for giving me my second opinion; today, you’ve should me who’s for me and against. Anyone who advises you to do business without protection isn’t right. Thank you so much for your help, it’s appreciated...I wasted four years on a purposeful business and movement by a organization or person who was retaliating against me that had a stronger connection because they were a government employee. I’m lucky to have learned to research consistently. Your Awesome!
Your videos are very informative for people like me that are starting up a new business and need to be schooled on business types and what needs to be done. Thanks!
Thanks for this video...it's the best high-level and directly simple explanation of business structures!
Had an epiphany the other day of finally starting my roots for my Swim Business & went straight to research and study on all these structures. This was the FIRST video I found on the basics to LLC, SP, etc. and my name is Daniel! Haha
Thank you for presenting this information so eloquently - you were very easy to understand !
I’m really glad that I’ve found you! You just answered everything I was wondering. I’m looking to start a business and this is very helpful! I really enjoyed how you explain it and made it so easy to understand. Thank you very much for this info! You just got another faithful subscriber! I will be checking out more of your videos!
I'm glad you found me too! Thanks so much for subscribing!
I'm so happy I found your channel even though this videos is a few years old but you answered all my questions I had. Thank you
Great video. My subs ask me why I’m an LLC all the time. I’ll be sharing this video with them in an upcoming q and a video. Thanks!
Thank you so much for that information! I was struggling to decide between these and now I feel more confident in what to choose. I appreciate your videos very much!
Aiden...Thanks for the video it has definitely helped me in my study of business law
wow. you are pretty smart! i thank you very much for your knowledge and insight! You have addressed the difference between three different business entities within eight minutes and would have probably taken me hours upon hours of research. thank you thank you thank you.
Great Video! Thanks for keeping this short, understandable, and to the point!!
Great video! Thanks Aiden. Definitely subscribing.
This was extremely helpful and informative. Thank you!
That was some awesome way of giving information I really enjoyed your video. Thanks!
Just what I was looking for. Thank you!
I love your videos they are very informative and helpful and I love to watch you the way you talk is so interesting you are a blast
I like your channel! Direct to the point, and so fresh
Thank you so much. This helped my husband and I so much. We truly appreciate it.
Thank you for this information. It is easy to understand with your explanation and graphics!
Love the Video and your Rapid Fire Delivery of Great Information. I'm a new subscriber and a first timer to your videos. I'm putting together a comparison of a S-corp, C-corp, LLC & a Sole P for a financial presentation. I was taking notes on this video and had to slow the speed of your video down 0.5 so my note taking can keep up, Lol.. I also noticed you take the time to answer questions below and I think that is very cool of you! So perhaps you can help answer this question for me. What are the benefits and tax advantages of having a C-corp and utilizing a Corporate owned life insurance aka COLI? Do you have to have a C-Corp to have a COLI or can an S-Corp have a Coli? Any information would be greatly appreciated. Thanks so much Aiden and keep up the great work!
Mr. Campos ,
Thank you for these videos Aiden! They answer so many questions Iv had throughout my small business journey.
That was Excellent and you just got a New Subscriber! Thank You for the information...
Thank you for making it easier to understand this very important information.
Good content ma'am! 👍🏼Thanks for sharing and keep up the good work!
Not gonna lie, I snorted with laughter at your graphics department's infographic. Very charming.
Thank God I found you. You’re a lifesaver!!☺️🤗
Just an awesome lecture!
I've learned so much with you Dr Aiden Kramer!
It is so bad that you're not in Georgia, I would use your services for sure (well, I am through your videos though...!!!)
Thank you so much!!!
Excellent presentation, thank you Aiden !
You missed a big one, S Corp. that most small business owners use
Great information, thank you very much I appreciate.
Thank you for the videos and for the time you put in to do them.
Great Video. Thanks for the info. Super easy to follow.
THANK YOU!!! very good, easy to follow, funny.
Are you the actress who played the empress in Never Ending Story? Serious question. Also, great info, great video. This is the third I have watched of yours ( and you looked familiar to me).
Haha! I wish I were the Childlike Empress 😁. But sadly, nope, that's not me!
WOW Awesome info! Thank you so much for all the videos!
I got my answer in this video. Please disregard my previous comment. Thank you !
ok...your explainations so much easier to understand then other videos i have watched. maybe it was the graphics 😁
I LOVED this video! you answered almost all of my questions thank you! I am in the process of starting a commercial cleaning business. It will just be myself but I will be hiring one person. Would a sole proprietorship be a good move for me?
Thank you so much! This was very helpful. So was your other video about S-Corps.
You are great. I watch you all the time !!
I would like to know is a registered DBA through a PA liability protected ?
I spoke with an attorney who told me that, not only would forming an LLC cost me $800 annually in California, but it would costs thousands to get properly set up, and he did not recommend doing it on my own. I'm not sure who I can trust.
Update?
@@adalgissarodriguez7026 I went with a sole proprietorship. I will upgrade to an LLC once I reach a certain size. Otherwise, if I move to a different state, then starting an LLC will be no big deal and I'll do it.
@@TFrills Cool. Thanks for answering
I just found your page and the information is extremely helpful. I just started a sole prop but it looks like I may need to change to an LLC. Is there a way to transfer or change a sole prop into an LLC or would it just have to be started over completely brand new?
sole propriator with liabilty insurance!
D.C. Cole how is that?
Thank you , very educative video.
Very good description
I really enjoyed your video. Thank you for the good information.
Tim The Pool And Lawn Guy Thank you so much for watching!
Good information! Thank you.
Hey nice video very informative thanks!
awesome and thanks for speaking in understandable English :) i am sole proprietor, I run my online business from home. I would like to know is it best that i pay taxes quarterly or at the end of the year?
My tax preparer suggested me to choose S-corp but I don't think the first year I'll make a lot of money to the point to afford the extra cost of being a S corp like booking, meetings and other necessaries details . So, I feel that the tax money I would be saving being S corp would go other expenses and not to my pocket.
Thanks Aiden Kramer.
This is super great info! 😎
that was so helpful! THANK YOU!!
Great video Aiden thanks for sharing! How can an LLC aquire investors. My understanding is they cannot issue stock. Yet, is there another way to collect capital for a start up?
So in Florida right now , it is illegal to start LLC either S or C corporation and be self proprietor, one member, one person corporation. If you are a self proprietor you only choice is Inc. corporation.
Very helpful, thanks!
I am a sole proprietor with 5 employees. Already have a DBA and EIN and I'm thinking of forming an LLC. A couple questions:
My business is an on-the-road service, and the "per mile" deduction is "YUGE" so I'm not willing to give that up. I know a corporation must deduct actual vehicle expenses. What about an LLC?
Will I have to "reregister" my DBA?
Will I need a new EIN?
Will I need new bank accounts?
Will I have to "fire" my employees as a sole proprietor, then rehire them as an LLC?
Will my existing agreements with merchant services, phone companies, etc still be in effect? (For example I have a sweet deal with the phone company, locked in for life. If I have to negotiate as a new entity I'll lose that.)
Will I have to formally add myself to payroll, deducting taxes as I already do with other employees? (If so, doesn't that mean I'd have to file separate taxes for the LLC?)
I️ think your awesome! Keep up the great advice
Wow thanks for the info, looks like I’m 4 years late but still helps
Hi, I really enjoy watching all your videos. I learnt so much from them. Can you tell me please what is the difference between INC and LLC?
Lana Martyshova An INC is the same as a corporation. Your business is "incorporated" which is where the "inc" comes from. So hopefully the video will answer that question! Thanks so much for watching!
Thanks for the video. If I wanted to start an ETSY shop and be an Amazon FBA which of those should I get? I am dying to start both of those business ventures but not sure what to do license, tax wise. Thank you
***W2, 1099, or C2C ???? I am a contractor*** Hey ' 180 Law Co. LLC ' ; I work as a PM, a Network engineer, SDE, or whatever pays the bills. My contracts/projects last about 1-2 years. What should I choose? 1. on W2 these staffing agencies offer NO days off PTO or Holiday; NO Work NO Pay. 2. W2 you cannot get personal health insurance unless you pay for it. Usually a 3pl insurance is a better deal. 3. some W2 offers 401k or IRA but NO MATCHING. 4. on W2 Staffing agencies often take At Least %10, but many are taking 30-35%. (often its overhead for taxes 7%, HR, etc); **this Type of W2 contract is All the rage in 2019. The salary for these jobs can range $25-55hr. and higher with shorter contracts. ADVICE PLEASE!
If I have several real estate properties in LLC's under an umbrella company, what is the purchasing power of the holding company? Can I combine the profits from all subsidiaries and make a purchase under the name of the umbrella company, and then put that new purchased property into an existing or new subsidiary LLC? What would if I have to do to do that properly and make sure I'm not co-mingling funds?
Great Video..Extremely helpful to me!!
I think this video is great. I am an adjunct instructor at Houston Community College, may I use it as part of my Introduction to Business class?
Your videos are very informative! I was thinking of forming an LLC for my ride share businesses and was worried that I could still get sued. Another video answered that. Since I drive both Uber and Lyft, can I form 1 LLC for both? Any video suggestions?
Love you're video!! How do I know if I need a permit/license. I want to screen print in my garage. Then sell shirts on a web site.
Thankyou ma'am for very helpful videos, i am from south Carolina, i new to trucking industry, just gaining knowledge for future , WHICH OF THESE 3 YOU RECOMMEND FOR TRUCKING AND DO WE HAVE TO FILL THE ' TIME FRAME OF BUSINESS ' OR WE CAN LEAVE THE DATE COLUMN BLANK. Please reply thanks
Your videos are very helpful. :) QUESTION: As an LLC with s-corp status, how are dividends taxed (at what rate?) and do you have to pay yourself a reasonable salary first (or can you just pay yourself via dividends (member distributions))? THANKS!
👍👍 good job. Well explain!!
It is possible to chance from solo proprietor to LLC?
If I'm starting a cleaning business with my mom and dad, we're all funding the business, we're all equal partners, should this be an LLC, or a C-Corp?
Thanls for the information. Looking good too!
Thank you for the information.
Great information!
So, if I wanted to have a book publishing company and an apparel company would it be best to do an LLC for each or have let's say, Ivonnah INC & have the two companies under that umbrella?
For a canadian who has his ecommerce business in the US (ebay drop shipping; lives in Canada) and wants to have tax exemption and don't want to pay double taxation. Which corporation is the best option?