Work Less, Earn More Ep 292: LLC vs Solo Proprietor vs S-Corp: What's Best for Online Entrepreneurs?
Choosing the right legal structure for your business can feel… overwhelming. Sole proprietorship, LLC, S corp, C corp… what do all these terms even mean? And more importantly, how do you know which one is right for YOU?
When I was first starting out, I had so many questions about business structures. I didn’t want to mess up something that could affect my taxes, my liability, and my long-term growth. And I know I’m not the only entrepreneur who’s felt that way.
That’s why in today’s episode of Work Less, Earn More, I’m breaking down the four most common business structures and walking you through the pros and cons of each. I’ll share what I’ve personally learned from navigating these transitions myself, give you tips for when it makes sense to switch from one structure to another, and explain why it’s so important to get professional advice from an accountant or attorney.
If you’ve ever felt confused about what’s best for your business—or you just want to be sure you’re set up in the smartest way possible—this episode will clear things up.
Listen to the full episode to hear:
- The differences between a sole proprietorship, LLC, S corp, and C corp (in plain English)
- The key pros and cons of each structure
- When it might make sense to switch from one structure to another
- Why professional guidance from an accountant or attorney is essential
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FREE Resources to Grow Your Online Business:
- Grab our free course, Small Business 101: https://gillianperkins.com/free-training-small-business-101/
- Write a Profit Plan for Your Business : http://gillianperkins.com/free-profit-plan
Work with Gillian Perkins:
- Apply for $100K Mastermind: https://gillianperkins.com/100k-mastermind
- Get your online biz started with Startup Society: https://startupsociety.com
- Learn more about Gillian: https://gillianperkins.com
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