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Sole Proprietor vs. S-Corp vs. C-Corp (Here Are The Pros & Cons!)

36K views · Dec 31, 2022 · Education

Comments · 85

  • @TobyMathis · 2 years ago · pinned

    Have questions about this video? Sign up for a free consultation to get your questions answered by professionals. <a href="https://aba.link/a3f0ff">https://aba.link/a3f0ff</a>

    3

  • @stacysouthard · 3 years ago

    I have never had anyone sit down and explain things like this before. &nbsp;I have asked and asked and asked numerous people how I need to structure my business and all anyone ever says is an LLC. I learned more in 30 minutes from you than I have in years of asking people, including accountants. &nbsp;Thank you for being real and honest!

    32

  • @Photo66videos · 3 years ago

    30+ years in business. Never knew some of this. Pure GOLD!

    9

  • @KPDEP · 3 years ago

    Toby, I just want to say you are the bee’s knees man. I’ve never seen anyone else explaining these things to the peons like us. Super helpful. I hope you continue making content for a long time

    7

  • @JamesAutoDude · 3 years ago (edited)

    When you&apos;re a sole proprietorship: You earn, you&apos;re taxed, then you spend<br><br>When you&apos;re a business: you earn, you spend, then you&apos;re taxed<br><br>This alone has really opened my eyes....<br><br>Also everything else you explained, Literally the best explanation I&apos;ve ever found<br><br>As for the separate tax return... Not much different then doing a schedule C which is also separate and tax preparers charge more for that too<br><br>Lastly, if you&apos;re an LLC, it&apos;s still just you with liability protection. But if you&apos;re a corporation, that&apos;s not you, you&apos;re just allowed to make decisions on its behalf lol. So even more protections and separation

    6

  • @EpicenterLLC · 3 years ago

    I&apos;m always better informed when I listen to your videos. Happy New Year! Missed your cats :)

    3

  • @thepakitrucker6869 · 3 years ago

    Thank you so much for explaining this so thoroughly. Everyone says llc and not once I’ve heard of a c corp until my accountant brought it up and now with your explanation this makes so much sense

    4

  • @Sekona.realtor · 3 years ago

    Definitely best and clearest explanation I ever listen to thank you so much

    4

  • @VandeBharat1234 · 3 years ago

    very clear explanation

    4

  • @terenceeans1577 · 2 years ago

    As per usual, you killed it!!! So educational I&apos;m &nbsp;implementing every gem that you&apos;re passing along and also passing it along. <br><br>I love the fact that you&apos;re passing all of this content from your passion of it!!! Has to be from your heart cause you have plenty of wealth, very inspiring!!! <br><br>So I&apos;ve spoken to my wife and we&apos;ve decided that we&apos;re going all in, based on all of the copious notes 📝 we&apos;ve been taking from your channel!!!<br><br> Definitely going to I also invest into all of your other workshops 😊😊😊😊😊😊😊😊. &nbsp;We thank you!!!!

    1

  • @michael_house · 3 years ago

    Awesome video. Thanks again!

    2

  • @botanyandboard · 3 years ago

    Super helpful - thank you!

    1

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