Business Structure - How to Choose the Right Structure for your Business

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Business Structure - Choosing the Right Structure for your Business
In this video we will go over each of the business structures and give you an approach for how to decide on the business structure that is right for you.

*TIMESTAMPS*
0:00 - Intro
0:35 - Part 1: Informal Business Structures (DBA, Sole Proprietorship, Partnership)
1:47 - Part 2: Formal Business Structures (LLC and Corporation)
3:16 - Default vs Special Tax Status (S Corporation)
5:08 - Conclusion

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#businesstructure #businessstructures #soleproprietorship #llc #scorp #nonprofit #business #structure #partnership

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💼 Use a professional service provider to simplify your business formation (We have negotiated over a 75% discount for you if you use the links below):

📙 For our free, written guide on how to choose a business structure, visit:

[erikpedroso]

Ive been reading and watching YouTube for hours. This was def. the easiest video to follow.

[bdbrown]

I have been looking for this information for 4 hours and stumbled on this video. Very informative, straight to the point and he spoke clearly. I appreciate this video. Thank you.

[Agent_Lane]

1 minutes and 43 seconds in and i already felt well informed, loved this video !

[edawg]

A BIG TEXAS THANK YOU to you and your team Tony for putting this together. Your video has become my go-to source for everything business structure. As a new voice-over talent trying to start my business, on a zero budget this FREE! information is GOLD. I do appreciate the time you took to make this video. Be safe and stay healthy.

[msfkmsfk]

Thank you for the video. Because of your information I have decided to start an LLC oil change business. I already bought some tools and now I just need to wait until Monday in order to apply for a Federal Employer ID number. After that I will practice my skills at some junkyards and I may do that today as well. After that I may get a temporary part time job in order to buy a jack or I may just say fuck it and get one with my low funds anyway.

Either way I will probably see if I can get a simple part time job first before putting too much of my limited personal finances into a whole new business without any guaranteed customers. I don't want to take on all of that risk without having enough financial stability to at least make it last a while.

I will also be shopping for computer networking CCNA online self study courses and resources and materials.

[peace.]

This was really clear, and I’m so confused normally. What a heaven send! Thank you for the calm and clear explanation. Thank you!!!

[theadrianadavila]

Concise and clear, thanks for posting!

[lizerxoo]

This was the best video I’ve seen explaining this. Literally understood more in the first two minutes than hours of watching other videos lol

[emilys]

im 18 and getting ready to start an LLC with my dad :) thanks for helping me make the choice

[CheffyTV]

This is the best informal video about business entities I’ve found

[ericd]

This knowledge is unfathomably helpful, thank you so much. I'll pay it forward best I can.

[josezintzun]

Very informative professional presentation.

[firstclass]

Wow I see so many people online sharing your advice

[MrShads]

Was not consistent in a note taking way but I understood the info given

[JBKJSA]

Thank you for sharing this useful knowledge with the world

[patrykjedryszczyk]

I was the 54 thousandth person to like. When I dislike it goes back to 53k, when I liked again it went to 54k. Nice vid btw.

[brittneyharris-holloway]

Question: If I am the only owner, am I able to elect the LLC tax class as an S-corp or am I ineligible and after getting an LLC can I change the tax classification later on when I start making more money?

[YoungAndSuccessfulPodcast]

Awesome post, me and my friends want to start and LLC and we were considering many different options

[catalogisland]

I am planning to start a tax preparation business from home. Which business structure would be best for me? Sole proprietor, Corporation or LLC? I will be the only owner.