LLC vs Sole Proprietorship For Your Etsy Business - Which One Is Right For You?

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In this video I will go over what an LLC and Sole Proprietorship are and which one you should go with for your business.

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[CassiyJohnson]

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[_stxntxn_]

Thanks for sharing about this! I've been wanting to make and sell t-shirts but there's so much to it: figure out printify/squarespace/etc, form an LLC to be safe, obtain a seller's permit, get a business bank account -- it feels like a lot. It's doable, but it's more time and work than I thought

[annewerner]

Enjoy your videos. My main problem is trying to get a business bank account. I'm a sole proprietor and I want to keep my business finances seperate from my personal finances, but the banks all want pretty much the same documents, Proof of business/business license, EIN number, a business license where I live is close to $100.00. Nobody I talked to wants to acknowledge this or talk about it in detail. Everybody talks about opening an Etsy shop, but I can't move forward till I have these things in place

[handmadesandmore]

Thanks for this video. I currently have an LLC, but have my Etsy shop set up as a sole proprietor. After watching this video, I believe I'll be switching it...the possibility of getting sued is scary. YIKES! You explained it very well!

[jag]

I have 1 LLC and I did a fictitious name under that LLC as my umbrella. I saved $$ on that and the renewal has a longer period than the LLC, which is every year in FL.

[llane]

I love these videos so much I was trying to watch this at work today!!!

[followmesky]

correct me if I'm wrong but if you're just starting, it's best to wait until you reach over 12k a year as anything under is not necessarily taxable. It would be considered a hobby or such.

[catalin]

Hi Cassiy! I know the question is not related to the topic presented in the video, but usually what are the best selling colors for POD and what colors do you use to sell?

Thanks a lot 🧡

[TimelessTunesRewind]

Does my LLc need to be that same as my shop name?

[rgilcin]

Another well explained patient video! Thank you. I tried making a video yesterday and saw how it looks a lot easier than it is .. at least for me .
Maybe you could cover the topic I felt compelled to talk about. Yesterday I was uploading my Halloween designs and I I am sure was doing it inefficiently(another video lol) . My son was making fun of me and then boom I received an email expressing interest in one of my designs . I was so excited and felt the beginnings of validation from the doubters, when it became apparent that this person was using the way I came to find out to be the 419 scam . I was so let down and kicked in the stomach that I stopped all work and thought of even giving up. I wanted to notify Etsy and in try jag to do so came across an FAQ all about it. The first two lines that were used were identical to the example ETSY gave . I think it would be good to make your viewers aware that it’s out there and to beware.
Thank you for all of the inspiration and information you provide !!

[deenalatello]

Thanks, Cassiy! How do you know when you will have to pay quarterly taxes? Will Etsy notify you or is it a revenue threshold that you have to be aware of? Thanks!

[concerned]

thank you for your video. I already have an LLC, but was hesitant to use it. It's my first business and all my designs are my original own design prints. so how do I protect my designs? is it already protected without LLC or should I use my LLC? I am a bit confused. I would appreciate any help or insight

[yeneryilmazkalma]

Hello Cassiy, thanx for the great info on your video. Is Single Memmber LLC an individual seller type or a business Seller type on Etsy? would be so glad if you answer it cause i couldn't find an exact answer to that.

[Kitcatmom]

Hey Cassiy! Curious if product liability insurance should be purchased for print on demand? I’m unsure if there were an issue with a product, if liability would fall on the pod seller or the actual maker of the product that is printed on??

[FallingAsh]

Does the name of your LLC have to match the name of your Etsy store?

[hannahservetter]

Thank you for your amazing videos! So helpful. I have a trademark questions. If "Gatsbys" is trademarked for e-commerce store, then would Gatsbys Gallery be allowed? Or too risky haha

[breannecruz]

Hello! I have been binging you’re videos for about two weeks and have begun the Etsy and printify process as well as designing sweatshirts! The legal and business side has kept me away from trying and I’m still scared I don’t know what I’m doing or getting myself into but your videos have helped me gain some confidence. I do have a question about switching to llc, I’m happy I don’t need one just yet. But when is a good time to switch? How much should I start making when it’s time to take step? Thank you so much in advance 😊

[ZecuresWife]

Hey Cassiy! How do you handle setting up state taxes taxes that Etsy doesn’t collect for? This part of it has me so confused and a bit overwhelmed

[jasonryker]

Hi Cassiy, I purchased your spreadsheet and I thought there was a video explaining how to use it but I can't seem to find it. Could you give me a link for this? Thank you for your videos I am starting my own shop soon!

[lessismore]

You have a Pod Etsy store & mock-up store. Did you need separate llc for each business?
Thank you for your time!