Business Structure - Choosing the right Structure for your Business
Thinking about starting a sole proprietorship, partnership, corporation, a limited liability company? Choosing a business structure is an important first step when starting a business. Each business structure has advantages and disadvantages, so which business structure should you choose? In this video we will go over each of the business structures and give you an approach for how to decide on the business structure right for you. 0:00 - Intro 0:35 - Part 1: Informal Business Structures (DBA, Sole Proprietorship, Partnership) 1:47 - Part 2: Formal Business Structures (LLC and Corporation) 3:16 - Default vs Special Tax Status (S Corporation) 5:08 - Conclusion For our free, written guide on how to choose a business structure, visit: https://howtostartanllc.com/taxes/llc-taxes/choosing-a-business-structure Check out our free Business Planning tools & discounts: https://howtostartanllc.com/business-center 🔔 Please like, comment, and subscribe if you appreciate our content, and want to see more! 🔥 At TRUiC we are dedicated to providing the most useful information for small business owners, and would love to see your feedback in the comments on what other information you need to help follow your entrepreneurial dreams.