LLC vs S-Corp - Similarities, Benefits, Disadvantages and MORE! [2023]

Before starting your new business adventure, have you thought about whether you'll form an LLC or an S-Corporation? Chances are you haven't, so thats where this video can really help you out...
💡What is an LLC and an S-Corp?
💡What are the benefits of an LLC and S-Corp?
💡What are the disadvantages of an LLC and S-Corp?
🔵 And much more!
Want to see our playlist on tax advice for LLC's?
Check it out here: • Taxes for Content Crea...
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- CHAPTERS -
0:07 - Introduction
1:12 - What is an LLC and what is an S-Corporation?
1:51 - The Similarities of an LLC and an S-Corp
2:44 - The Differences of an LLC and S-Corp
4:27 - The Final Conclusion of an LLC and S-Corp
5:26 - Which should you choose? An LLC or an S-Corp
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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

[@Mata00616]

Amazing Video!! Please keep up the good work.
I'm really enjoying your videos for non-residents and their businesses registered in the US. Please don't stop making those videos, no one is making them as good as you are!

[@startglobalhq]

Yay! Glad you liked them.

[@BossChronicles]

How long does it take to not be a California resident? I've lived in California my whole life recently moved overseas to ASIA I wanna form a LLC but do not want to form in California $800 annual fee looking at other cheaper states Wyoming how long do I need to be away from California not to be considered a resident ive heard if I form in another state I still need to pay tax to Cali.

[@startglobalhq]

Hi Shawn, just some general information: if you move your domicile to another location (i.e, have a permanenet home in Asia) Or if you move abroad for at least 546 consecutive days on an employment contract, then you would normally be considered California non-resident.