Sole Proprietorship vs LLC: Protecting Your Business!

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Starting a business? Watch this video to understand why operating as a sole proprietor can be risky and why you should never do it. Learn the key differences between sole proprietorship and forming an LLC and why transitioning is crucial, especially for contractors.
In this video, Bobby goes over:
Risks of sole proprietorship, illustrated with a real-life example
Benefits of an LLC: limited liability and asset protection
When and why contractors should switch from sole proprietorship to LLC
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