LLC or Corporation: Which is Better

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  • เผยแพร่เมื่อ 1 ม.ค. 2025

ความคิดเห็น • 142

  • @watsmineytogu37
    @watsmineytogu37 6 ปีที่แล้ว +112

    He talks like I'm just in front of him. Thank you so much, I've learned a lot from you

    • @estrellavaldez6595
      @estrellavaldez6595 5 ปีที่แล้ว +2

      I LIKE YOUR PICTURE❤

    • @jordabox
      @jordabox 5 ปีที่แล้ว

      Taeee

    • @Ss-zg3br
      @Ss-zg3br 4 ปีที่แล้ว

      I realize when you tubers use whiteboards their videos tend to feel that way

    • @hammyneal1684
      @hammyneal1684 4 ปีที่แล้ว

      Love it

    • @KevinThunder7
      @KevinThunder7 2 ปีที่แล้ว

      Facts

  • @nadimgeorge2312
    @nadimgeorge2312 2 ปีที่แล้ว +18

    This is hands down one of the best explanations I've received in my life.

  • @susanedionwe7049
    @susanedionwe7049 4 ปีที่แล้ว +8

    Over 5 years later and STILL the best video I have ever seen on this topic!

  • @lucreciamora1389
    @lucreciamora1389 5 ปีที่แล้ว +56

    All my doubts clarified in 6 min, thank youuu

  • @LifewithPriscilla.
    @LifewithPriscilla. 5 ปีที่แล้ว +17

    I’ve been reading about this for a while now ...maybe I just needed a visual I don’t know but this was the most refreshing and straight to the point example that I needed thank you I learned more here then what I’ve been reading

  • @DrCalebBurgessDPT
    @DrCalebBurgessDPT 7 หลายเดือนก่อน

    Was looking for this exact information all over the internet but no one made it this simple to understand. Thank you!

  • @EverythingHR
    @EverythingHR 2 ปีที่แล้ว +14

    People are the heart and soul of any business. You can have all the brilliant ideas in the world, but without the right people to execute them, they're nothing more than pipe dreams.

  • @driven2succeed141
    @driven2succeed141 2 ปีที่แล้ว +2

    Some heroes don't wear capes! Thank you Sir.

  • @denilsonlopez8260
    @denilsonlopez8260 ปีที่แล้ว

    This videos was very helpful, he explained everything very clear, I didn't have to be watching the video for like 15 minutes to get the same Information.Thank you

  • @asifmohammed2065
    @asifmohammed2065 4 ปีที่แล้ว +3

    Very striaght to the point talk. This boosts my interest to listen to him more on this side. LLC

  • @KevinThunder7
    @KevinThunder7 2 ปีที่แล้ว

    Great first statment. Depends on the user. Now I will go back to viewing lol. Thank u

  • @arshaknorsoyan2617
    @arshaknorsoyan2617 3 ปีที่แล้ว +2

    Explained clearly and thoughts are so organized. Thank you!

  • @TajhonelleJones
    @TajhonelleJones 3 ปีที่แล้ว +1

    This video was amazing. Broke everything down so well!

  • @mason11198
    @mason11198 4 ปีที่แล้ว +13

    Forming LLC and converting to Corp sounds like the best, but I don't trust going public :\

    • @Kromface
      @Kromface 3 ปีที่แล้ว +5

      You don't have to go public if you don't want to!

  • @orquistar
    @orquistar 6 ปีที่แล้ว +7

    Excellent explanation! Thanks!

  • @rachelhernandez1057
    @rachelhernandez1057 10 หลายเดือนก่อน

    Thanks for the info
    Very helpful 🎉

  • @williamstdog9
    @williamstdog9 6 ปีที่แล้ว +2

    Thank you so much sir! I'm SO new to this but am trying to get started and your vid was well worth my time! I will continue to check out some of your other videos but just wanted to say thank you for the professional and concise video. Cheers :-)

  • @GurmeetSingh-uv6qo
    @GurmeetSingh-uv6qo 3 ปีที่แล้ว

    This how an attorney explain to you thank so much sir

  • @MaruskaStarshaya
    @MaruskaStarshaya 2 ปีที่แล้ว +1

    How does LLC could resemble partnership if it's clearly said in a law that LLC have to have only one owner?

  • @codewriter3000
    @codewriter3000 5 ปีที่แล้ว +19

    "it's what the big boys use"

  • @ahmedxh
    @ahmedxh 5 ปีที่แล้ว

    Great exclamation looking forward to another video with more details

  • @gosgraproperties8687
    @gosgraproperties8687 2 ปีที่แล้ว

    I appreciate your explanation

  • @romulosantos6397
    @romulosantos6397 3 ปีที่แล้ว +1

    Why do the big players prefere to have their businesses in a corporation? Is it because of the more structured governance into the business?

  • @kewlleleven9771
    @kewlleleven9771 ปีที่แล้ว

    May God bless you, your the best. Thank you so much 💖

  • @sneakytre13
    @sneakytre13 4 ปีที่แล้ว

    Thank You ⚡️🙏🏾

  • @viviendscleaningservicesll5049
    @viviendscleaningservicesll5049 ปีที่แล้ว

    Thank you for this video.

  • @Rocketman6500
    @Rocketman6500 ปีที่แล้ว

    Thanks for the video guys

  • @Em_Rey
    @Em_Rey 5 ปีที่แล้ว +3

    This was awesome and helpful thank you!

  • @dimitribarrow7
    @dimitribarrow7 5 ปีที่แล้ว +1

    Exactly what I was looking for. Thanks

  • @victoriapapesh6892
    @victoriapapesh6892 5 ปีที่แล้ว

    Awesome video...
    Thank you so much...
    It really helped...
    I finally understood what someone was saying...
    Thank you so much for being so clear....

  • @JahangirAlam-dw4kq
    @JahangirAlam-dw4kq ปีที่แล้ว

    Helpful video. Thanks

  • @11dremoss
    @11dremoss 2 ปีที่แล้ว

    Very informative ✌🏾

  • @skobbejakz270
    @skobbejakz270 7 ปีที่แล้ว +6

    Professional nice. U just got your 20th sub.

  • @fondusportfolio
    @fondusportfolio 2 ปีที่แล้ว

    Extremely helpful, thank you for this very straight forward explanation.

  • @850samgoody
    @850samgoody 2 ปีที่แล้ว

    Very easy to follow thank you !!!

  • @kscott225
    @kscott225 4 ปีที่แล้ว

    thank you so much for this video, it was very helpful.

  • @JenniferA-rg9zb
    @JenniferA-rg9zb 3 ปีที่แล้ว +1

    Very informative! Thank you 😊

  • @valoruniversity
    @valoruniversity 2 ปีที่แล้ว +1

    there are a lot of holes that he left out. There is a difference between S-Corp and C-Corp.

  • @YO00007
    @YO00007 2 ปีที่แล้ว

    Great teacher wow

  • @robertsugarland
    @robertsugarland 5 ปีที่แล้ว

    Excellent presentation , I learned a lot ! Well done

  • @samisami85
    @samisami85 4 ปีที่แล้ว

    Thanks for such a brief explanation

  • @michaelchernobelsky4232
    @michaelchernobelsky4232 3 ปีที่แล้ว

    Thank you for this

  • @alanaasci
    @alanaasci 5 ปีที่แล้ว +1

    Wow! This video was extremely helpful. Thank you for simplifying this and explaining it so well!

  • @myallmart
    @myallmart ปีที่แล้ว

    I appreciate your good work: however these question still bother me.
    1-If someone is the primary resident of Maryland and wants to get LLC registered in Delaware, is it illegal or against the state law, not to register it as a foreign entity in MD?
    2-How the LLC and his personal income from that LLC will be taxed? And 3- how to avoid double Taxation?
    Please answer these questions!!!
    Thank you

  • @OrganicallyLuxeLife
    @OrganicallyLuxeLife 4 ปีที่แล้ว

    Thank you for great explanation

  • @Theundisputedtruth
    @Theundisputedtruth 2 ปีที่แล้ว +1

    Is there a benefit to use a s Corp if I it’s just me and small clothing business , and if I have other business ventures I want to do can I merge them in this. For example if I have the clothing line but then want to use the same name or another business. Under this ? If that makes since ? Last question can a llc use inc in their name or is that only for s and c Corps?

  • @Unknown-pv6fr
    @Unknown-pv6fr 6 หลายเดือนก่อน

    God bless you Sir

  • @kingtulafale
    @kingtulafale 4 ปีที่แล้ว +1

    What does he mean buy going public?

    • @margaretcarter1108
      @margaretcarter1108 3 ปีที่แล้ว

      They can sell shares in the company to the public

  • @baronhippolytussk
    @baronhippolytussk 5 ปีที่แล้ว +4

    Thanks that's really informative. Do you have recommendations for short business courses ?

  • @hyojinlee
    @hyojinlee ปีที่แล้ว

    This is great, thank you!

  • @SoufendMusic
    @SoufendMusic 4 ปีที่แล้ว +1

    So I’m creating two businesses.. A record label that I’m sure would be best to do an LLC with and a company that owns the aforementioned record label, publishing and distribution companies and more.. what would be best for the bigger company I have?

  • @alsuzy1345
    @alsuzy1345 5 ปีที่แล้ว

    Great video. Straight forward

  • @IntroducingHolliNacole
    @IntroducingHolliNacole 2 ปีที่แล้ว

    So, is that why people say “I went public” it's because they switched from an LLC to a corporation?

  • @stevestone5569
    @stevestone5569 5 ปีที่แล้ว +1

    Thank you, that was helpful.

  • @rctjacksonville
    @rctjacksonville 5 ปีที่แล้ว

    Very good video, helped me out a lot!

  • @florantetan319
    @florantetan319 ปีที่แล้ว

    I will provide employment. So I want TAX. exemptions leways etc.

  • @atulgokuyamaha7
    @atulgokuyamaha7 2 ปีที่แล้ว

    yo thanks

  • @revanthk61
    @revanthk61 3 ปีที่แล้ว

    Can you explain more about "public"? I don't understand what you mean by public.

  • @YouJagaloon
    @YouJagaloon 6 ปีที่แล้ว +3

    Is LLC Nationwide (U.S.) or is it state by state?

  • @doublethemoney6193
    @doublethemoney6193 4 ปีที่แล้ว

    What type of entity do you have?

  • @kasokachibanga8837
    @kasokachibanga8837 2 ปีที่แล้ว

    Is this all over the world? 🌎

  • @bronsondiamond2025
    @bronsondiamond2025 3 ปีที่แล้ว

    THANK YOU THANK YOU THANK YOU (praying hands)

  • @NetanelColish
    @NetanelColish 2 ปีที่แล้ว +1

    tysm!

  • @jaytassy2974
    @jaytassy2974 4 ปีที่แล้ว +1

    I'm start a clothing business, so would it better to open a LLC ?

  • @MrDenislopez
    @MrDenislopez 4 ปีที่แล้ว

    Thanks for the information Sir...

  • @theguertinfam7945
    @theguertinfam7945 3 ปีที่แล้ว +1

    So I am wanting to open a company with construction where I get jobs and sub the work out for a percentage of total cost. Would I need a contractor license or could I get away with a LLC?

  • @top10gadgets92
    @top10gadgets92 2 ปีที่แล้ว

    Thanks

  • @ypdtv
    @ypdtv 4 ปีที่แล้ว

    Very good information. Thank you.

  • @nanaadjoa4192
    @nanaadjoa4192 3 ปีที่แล้ว

    Quick question outside this scope.... If IRS send inquiry to employee that his/her total income wasn't reported, cos the person worked 2 or 3 jobs. Is it the responsibility of the employee or the employer who's provided W2 already to reach out to IRS about the income that''s not reported?

  • @venessavuia
    @venessavuia 2 ปีที่แล้ว

    Helpful. Thank you.

  • @ebonibrabham2853
    @ebonibrabham2853 3 ปีที่แล้ว

    How do I change from an INC to a LLC

  • @princefowzan
    @princefowzan 2 ปีที่แล้ว

    can I start a LLC as solo?

  • @georgehunter2937
    @georgehunter2937 2 ปีที่แล้ว

    Can you have a LLC partnership with 3 location all under the same name or do you need to be a corporation too have multiple locations with same name?

  • @odneycharles2269
    @odneycharles2269 3 ปีที่แล้ว +1

    Thank you for this most informative video. I have one question. How do I convert an S-Corp to an LLC ?

  • @Thehealthyloveclub
    @Thehealthyloveclub 2 ปีที่แล้ว

    Love. Bravo. Thank u

  • @shaheenal-ojaili633
    @shaheenal-ojaili633 6 หลายเดือนก่อน

    Hi, is a minority shareholder in a closed stock corporation safer rather than being a silent partner in an LLC?

  • @ImVow
    @ImVow 3 ปีที่แล้ว

    I’m making my own lawn care business but idk what to used so far I have Elio’s Landscaped Inc. what do you guys think ?

  • @CJ-pg6ws
    @CJ-pg6ws 4 ปีที่แล้ว

    What about Google LLC? I suppose they are big shots too, still being an LLC

  • @Thefunkeemonkee
    @Thefunkeemonkee 4 ปีที่แล้ว

    So I am constantly friending new investors who happen to rent properties here and there, but my idea is to get them all together and have them invest in bigger properties as a whole. What type of business should I start base on that idea?

  • @mcege31
    @mcege31 3 ปีที่แล้ว

    I appreciate you sir

  • @badoodles08
    @badoodles08 5 ปีที่แล้ว

    Hello. Ive asked about PLLC going to change to a PC, it is not allowed in state of NY. Is that true?

  • @dalillala3143
    @dalillala3143 2 ปีที่แล้ว

    Great info

  • @ben-si3dk
    @ben-si3dk 5 ปีที่แล้ว

    Super helpful, thanks

  • @unknown-vq1gj
    @unknown-vq1gj 5 ปีที่แล้ว

    does the LLC have the same structure as Inc?

  • @aamirairborne
    @aamirairborne 3 ปีที่แล้ว

    I live in India and I've heard that I could establish an LLC in the U.S. as a non-resident. On that basis, could I register an HR Consulting Firm, which has a website, as an LLC in the US, as a non-resident?

  • @highwayhypnosis8840
    @highwayhypnosis8840 5 ปีที่แล้ว +1

    Thank you!

  • @LK-iy9qw
    @LK-iy9qw 4 ปีที่แล้ว

    How many people at minimum should an incorporation have?

  • @amazonraw-she-uh4439
    @amazonraw-she-uh4439 2 ปีที่แล้ว

    This was helpful

  • @coralrose6506
    @coralrose6506 4 ปีที่แล้ว

    Great video

  • @Entertainment_Chilli
    @Entertainment_Chilli 4 ปีที่แล้ว

    Hi, I'm an Indian. I want to start my own Cosmetic company in US. For foreign citizens how much minimum amount is mandatory to start LLC ?
    What would be annually organisational expenses including Annual Registration Fee, Business Privilege Tax Return, HR, Account etc ?
    Other Terms & conditions as per US government norms. Please suggest....
    I wanna invest in Foreign.
    💯

  • @tupac209ful
    @tupac209ful 4 ปีที่แล้ว

    Hello im California ztsrtibg home business llc or corporation?

  • @andrucollins5028
    @andrucollins5028 6 ปีที่แล้ว

    Can a non profit be LLC

  • @jdfs5261
    @jdfs5261 3 ปีที่แล้ว

    Very helpful 👍

  • @ey5341
    @ey5341 4 ปีที่แล้ว

    When should I include the LLC?
    My business is registered. Should I include it on my email signature, business cards, and Google business listing? When I sign papers should I sign as the business owner or the company's name? Thanks

  • @johannermr900
    @johannermr900 4 ปีที่แล้ว

    i love you for this

  • @florantetan319
    @florantetan319 ปีที่แล้ว

    I don't want to be taxed like a normal employee

  • @growcontrollandscape
    @growcontrollandscape 6 ปีที่แล้ว

    Thank you

  • @christopherallencomer5738
    @christopherallencomer5738 3 ปีที่แล้ว

    Thanks God bless

  • @goodgame6117
    @goodgame6117 ปีที่แล้ว

    BandMan kevo got me here

  • @matthew.chen1
    @matthew.chen1 7 ปีที่แล้ว +1

    Thank you :)