How To Choose The Best Business Structure (LLC vs S-Corp vs C-Corp)

Comments · 164

• MA

  @MainADMlN · 1 year ago

  Me watching this while unemployed... 💀

  172

• JE

  @jerry-suhrstedt · 10 months ago

  :face-green-smiling: I've been a business and marketing consultant for more than 25 years. My man Sherman just delivered the most simple, succinct, easy-to-understand summary of business structures I've ever heard. Good job Sherm!!! :face-red-heart-shape::face-red-heart-shape::face-red-heart-shape:

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• 0S

  @0sahagun · 4 months ago (edited)

  Sherman nailed the hidden part most people miss, LLC is for protection and S corp only makes sense once the numbers really justify it. I wish I had seen this before overthinking it because it is the easiest way to avoid paying extra too soon. If you are starting from scratch, Northelic business formation can make that first setup step a lot easier. Good stuff, hope it helps.

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• KE

  @keys_open_doors · 2 years ago

  Straight to the point. Thanks for sharing!

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• SA

  @sandriloveemo · 2 months ago (edited)

  Not to sound like that typical complaining guy asking for advice, but I’m in the middle of handling business formation and I think I’ll use some service, can anyone recommend something? I keep seeing positive opinions about Northelic or something like that and they actually have a nice offer, but I’d rather ask people who know the subject.

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• DR

  @DragonRider520 · 1 year ago

  Thank you for mentioning that S corp is a special tax status. I watched so many videos and no one mentioned that. They just talked as if S corp is an entity.

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• GR

  @grill37 · 3 months ago

  GREAT JOB ''':stopwatch-blue-hand-timer:

  2

• G2

  @G22TP · 1 year ago (edited)

  <a href="https://www.youtube.com/watch?v=SCpWeCLfqo4&amp;t=119">1:59</a> Sole Proprietorship, LLC doesn’t offer more tax benefits than SP

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• JO

  @JoeyKO757 · 1 year ago (edited)

  Thanks for taking the time to enlighten us on the S corporation

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• FR

  @freelawschool · 4 months ago

  Operating as a sole proprietor may be simpler, but it usually makes the most sense only when the business has low liability exposure, limited risk, and no meaningful separation needs.<br><br>If the business may not be able to cover its liabilities, that is usually the exact reason to think more carefully about structure, because the owner and the business are not legally separate.

• MI

  @michaelworsham · 1 year ago

  Thanks!

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• AK

  @Akmt96 · 8 months ago

  Thank you for mentioning the special case of an LLC. A lot of these videos tend to assume that an LLC is being taxed as an s/c corp. Im talking to a tax specialist for the first time and she explained that i dont need to make the jump from being taxed as a sole proprietor up to S corp just because of an LLC. Choosing to get an LLC is a separate choice from how you do your taxes

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