Do you need an LLC for your business? Maybe, maybe not. Learn why you might want to form an LLC or corporation, plus info about federal and state taxes, insurance, business licenses, EINs, bank accounts, and sales taxes.
Episode highlights:
- Liability protection - what this actually means
- Federal and state tax issues (hint: talk to an accountant!)
- Pros and cons of Sole proprietorships, Partnerships, LLCs, and Corporations
- Changing your business name
KEY TAKEAWAY: Forming a business entity can provide important protection for your personal assets and maybe even tax benefits -- but this decision will be different for every business. This is an area where chatting with an attorney and accountant is money well spent.
Sign up below for a pro/con cheat sheet about the different kinds of business entities (plus be the first to know when new episodes are live).
This podcast is information not legal advice specific to your situation.
