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
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@stacysouthard · 3 years ago
I have never had anyone sit down and explain things like this before. 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. Thank you for being real and honest!
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@Photo66videos · 3 years ago
30+ years in business. Never knew some of this. Pure GOLD!
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@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
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@JamesAutoDude · 3 years ago (edited)
When you're a sole proprietorship: You earn, you're taxed, then you spend<br><br>When you're a business: you earn, you spend, then you're taxed<br><br>This alone has really opened my eyes....<br><br>Also everything else you explained, Literally the best explanation I'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're an LLC, it's still just you with liability protection. But if you're a corporation, that's not you, you're just allowed to make decisions on its behalf lol. So even more protections and separation
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@EpicenterLLC · 3 years ago
I'm always better informed when I listen to your videos. Happy New Year! Missed your cats :)
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@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
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@Sekona.realtor · 3 years ago
Definitely best and clearest explanation I ever listen to thank you so much
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@VandeBharat1234 · 3 years ago
very clear explanation
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@terenceeans1577 · 2 years ago
As per usual, you killed it!!! So educational I'm implementing every gem that you're passing along and also passing it along. <br><br>I love the fact that you'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've spoken to my wife and we've decided that we're going all in, based on all of the copious notes 📝 we've been taking from your channel!!!<br><br> Definitely going to I also invest into all of your other workshops 😊😊😊😊😊😊😊😊. We thank you!!!!
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@michael_house · 3 years ago
Awesome video. Thanks again!
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@botanyandboard · 3 years ago
Super helpful - thank you!
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