LLC vs Sole Proprietorship: Which is right for you in 2024?

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  • Опубликовано: 16 дек 2024

Комментарии • 18

  • @LazaroAlejandroOficial
    @LazaroAlejandroOficial 9 месяцев назад +8

    Thanks Attorney Durham

  • @briman113
    @briman113 9 месяцев назад +11

    SP here, county registered DBA and all the local licenses. I would have went SP anyway (Just make sure you have good insurance and follow rules as if you were LLC) BUT here in California it is $800.00 annual for LLC organization

  • @xa3558
    @xa3558 9 месяцев назад +2

    Thank you, attorney Durham !

  • @wintermoongifts
    @wintermoongifts 9 месяцев назад +5

    I'm the one who isn't super risky or likes the idea of being sued...and am now wishing I'd have formed an LLC instead of a Sole Prop....but...it's fine, everything is fine (insert Ross from Friends Meme here)

    • @allupinyobiz
      @allupinyobiz  9 месяцев назад +1

      🤣 it is fine! I got you, girl!

  • @reinaldodeschamps3851
    @reinaldodeschamps3851 3 месяца назад

    Excellent content. Congratulations and Thank you

  • @FernandoVazquezIII-bt8oy
    @FernandoVazquezIII-bt8oy 4 месяца назад +6

    What's the point of having LLC if you can still be sued personally when your LLC doesn't have enough money ?

  • @IForgetWhatISay
    @IForgetWhatISay Месяц назад

    How does the ‘’member’ of the llc access the profits from the Llc? For a small landscaping business would you (I know you can’t recommend blanket statements) but in general

  • @chadwillis9511
    @chadwillis9511 8 месяцев назад +2

    Just started LLC with $500 initial member contribuition. If I end up with $500 net income end of year, is that taxable, or does the member contribution offset that? Did more research, looks like it may be recorded as equity and offset unless I took out distributions during the year which would negate that initial contribution. Sound right?

  • @OVRCOME
    @OVRCOME 9 месяцев назад +1

    If you formed an 2 person LLC and changed it to an SCorp? Is it possible to change it back to just a LLC taxed as a partnership?

  • @ReeInvesting
    @ReeInvesting 3 месяца назад

    good content

  • @operator8194
    @operator8194 8 месяцев назад +2

    A+

  • @evans1875
    @evans1875 5 месяцев назад

    I am leasing my truck on to a trucking company running under their name. They said to send them my ein number. when i apply for an ein it ask for my business name 'llc' . i don't have a business name just need the ein. Is it possible to get an ein without a business name? and what to i mark in the box that ask for the business name? thanks

    • @fallrain910
      @fallrain910 3 месяца назад

      Go to the irs website

  • @chocolatety130
    @chocolatety130 Месяц назад

    👍🏾

  • @greaterthings5652
    @greaterthings5652 Месяц назад

    her vocal fry kills me

  • @derrelldaniels5247
    @derrelldaniels5247 Месяц назад +1

    How should I structure the bank accounts being a carpenter contractor home remodeler, a general contractor? I'm located in Pennsylvania