LLC vs Sole proprietorship: When should a Solopreneur form an LLC? [2023]

LLC or Sole Proprietorship? It's a tough one to call, but luckily Startglobal is here to help!
In this video, we will cover...
💡The differences between an LLC and Sole Proprietorship
💡Why individuals form an LCC...
💡Why individuals stay as Sole Proprietorship...
🔵 And much more!
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💻 Get Startglobal's all in one tax package - 👉 startglobal.co/
🏛 Tax estimator tool - startglobal.co/tools/tax-esti...
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- CHAPTERS -
0:03 - Introduction
0:34 - What we will be covering
0:30 - Sole Proprietorship
1:05 - The advantages of being Sole Proprietorship
1:24 - Are you protected with Sole Proprietorship?
2:11 - How to get limited liability protection!
2:40 - When should a solopreneur form an LLC?
2:58 - LLC features
3:21 - Sole Proprietorship features
3:45 - Solopreneurs should be...
4:20 - What if you are a content creator?
4:39 - Summary
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the team at StartGlobal. The speaker does not guarantee any particular outcome.
#LLC #LLCAddress #USNonResident #RegisteredAgent

[@homenestmarketing]

very nice information well put up cleared my doubts, but the presentation was not professional just a suggestion from me, very informative to decide which legal entity to choose.

[@user-it3sd7rd5n]

You best company

[@TabascoTex]

Great vid. If i start out an Sole Prop can i write off expenses?

[@startglobalhq]

Oh yes. As long as the expenses are "ordinary and necessary," according to the Internal Revenue Service, you can claim them on your tax return