Sole Proprietorship vs LLC | Which Business Structure is Best for YOU?

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  • Опубликовано: 13 сен 2024

Комментарии • 44

  • @solomissionx4074
    @solomissionx4074 3 года назад +4

    Every time I watch your videos you give me that Kristin Davis "Charlotte York" Sex in the City vibes.
    Great advice and congratulations on your 100,000 subscriber RUclips plaque.

    • @allupinyobiz
      @allupinyobiz  3 года назад +2

      I’ll definitely take that as a compliment! 🙂 thank you and thank you!

  • @anthonyrose6686
    @anthonyrose6686 3 года назад +4

    Wow that’s awesome information thank you

    • @allupinyobiz
      @allupinyobiz  3 года назад

      You’re welcome! Thanks for watching 😀

  • @Em_Rey
    @Em_Rey 3 года назад +7

    I haven't seen all your videos yet but I'm wondering if you have a video out on how to operate your business when to hire more people and how to best take care of your payroll taxes.

    • @allupinyobiz
      @allupinyobiz  3 года назад +3

      Not that specifically, but I’ve got a few related to hiring. Great suggestions though, I’ll put it on the list!

  • @gtflash500
    @gtflash500 3 года назад +3

    Awesome video! Been sort of undecided on which to pick for the auto detailing business I been wanting to start. Sole proprietorship might be a good choice in the start but should consider an LLC once I have a consistent flow of clients. 🤔

  • @MarkBrown-jh1tb
    @MarkBrown-jh1tb Год назад

    Good night sorry to hit you up late but will be looking for the teaching in the law I your from Colorado but you can teach the world what going in business 🎉

  • @morganwhite498
    @morganwhite498 2 года назад

    Just found your videos. Thank you for being so thorough! All of these have helped me so much!

  • @thejimd
    @thejimd 3 года назад +2

    Audio sounds bussin'!

    • @allupinyobiz
      @allupinyobiz  3 года назад +1

      Thaaaaanks for noticing! Shit’s getting some upgrades around here

  • @wendymcgee4863
    @wendymcgee4863 3 года назад +1

    Awesome information thanks

  • @SeedSix
    @SeedSix 3 года назад +2

    Did you merge your business with someone or something? If so can you do a video on that topic or reply with a link to to a video you have already posted.
    Also, with regard to this idea/concept of limited liability. If you are a single member of an LLC and your business is sued, if the business cannot afford to pay the judgment what happens? Does it not fall back on you?

  • @Thrivinglife3835
    @Thrivinglife3835 3 года назад

    I’ve subscribed. I am learning alot.

  • @noirskate
    @noirskate 3 года назад +4

    Would you recommend a liability insurance policy if you are a sole proprietor......?

    • @allupinyobiz
      @allupinyobiz  3 года назад +1

      Yes! I recommend it for everybody, even if you’ve formed an LLC.

  • @PhilRuybal
    @PhilRuybal 3 года назад +2

    Hey there! Great stuff as always!
    Quick question.....an online reseller.....would you recommend sole prop or LLC? selling clothes, shoes, video games, etc.
    And.....are any special licenses or permits needed?
    Here in Colorado as well ;)

  • @MarkBrown-jh1tb
    @MarkBrown-jh1tb Год назад

    Hello Ms lady I am new to your podcast 🎉

  • @aden313
    @aden313 Год назад

    Very informative and this help me understand clearly. Thak you so much for your advice ❤ love all your content thank.
    I just subscribe your channel

  • @stevencairnes74
    @stevencairnes74 2 года назад

    Another great video

  • @shgarrett624
    @shgarrett624 3 года назад +1

    If you are setting up an LLC, should you get a virtual address and 1-800 number first, and then use that address telephone number to fill out the paperwork for the LLC?, or do you just use your regular home address and telephone?

  • @shgarrett624
    @shgarrett624 3 года назад

    Do you have a video about virtual office addresses, 1-800 numbers, fax numbers, p.o boxes, if this is needed for a LLC,and sole proprietorship etc

  • @PedroD888
    @PedroD888 3 года назад +2

    Can the owner of the sole proprietship be the same owner of the LLC? Can the sole proprietship be owned by the LLC in this case as well?

    • @allupinyobiz
      @allupinyobiz  3 года назад +1

      Yes, a person can be a sole proprietor and a member of an LLC. Only individuals can be sole proprietors though, there wouldn’t really be any reason or purpose for an LLC to own a sole prop.

  • @qualitypowerwashing8363
    @qualitypowerwashing8363 2 года назад

    I’m starting a pressure washing business with me being only owner. Do I need an LLC.

  • @SMCKreations
    @SMCKreations 3 года назад

    Your awesome!!! And still currently making active content!!!😇😇😇🔥🔥🔥

  • @bigfoot8085
    @bigfoot8085 2 года назад

    Just wondering if a business of either kind can hold money in the company without paying any taxes ( beside of sales taxes of course) if I don't take a paycheck out of it? So I want to start a small business from a hobby but I don't want to pay myself for a couple years, I just want to reinvest it back into the company can I.

  • @kat4animals004
    @kat4animals004 2 года назад

    For a fictitious business name statement,
    /DBA... Does the owner, the individual that is doing the business have to be listed as the registrant? Can a sole proprietor , hire a registered agent, I don't want to be my own RA. Thanks for your helpful videos!

  • @brownin329
    @brownin329 3 года назад

    Do you have any videos dealing with what kind of business forms you need to have a video business on youtube? I see people showing how to create niche or fair use videos, but nothing with regards to what kind of business this is.

  • @matthewbui2848
    @matthewbui2848 3 года назад

    What should I put in "Tax Classification = ? " for single member LLC. Thank You!

  • @themystichour1796
    @themystichour1796 3 года назад +1

    Hi, can I amend a trademark application from design mark to standard mark? It’s a big mistake I realized I made I hope I can change that

    • @allupinyobiz
      @allupinyobiz  3 года назад +1

      That’s a good question, I’ll make a video about it! Stay tuned

  • @keyslife629
    @keyslife629 3 года назад +1

    Thank you for this video- do you have one on changing your sole proprietary to a llc or do you have tips? Thanks

    • @shgarrett624
      @shgarrett624 3 года назад +1

      She does, i saw it last year sometime

    • @keyslife629
      @keyslife629 3 года назад +1

      @@shgarrett624 I found it - thank you

    • @shgarrett624
      @shgarrett624 3 года назад

      @@keyslife629 yaaaaaaaaaay...cool. 🎉

  • @scottmonsen4743
    @scottmonsen4743 3 года назад

    Regarding an umbrella company, long term I plan on having several subsidiaries in different states.
    Can I first form a subsidiary or two then later form the Umbrella company?

  • @melhoresprodutos8899
    @melhoresprodutos8899 2 года назад

    Hello Aiden, thanks for the your video. Do you Focus more in form LLC SINGLE MEMBER, but i see the many Attorneys/ CPAs talk about the form the Multi Member LLC ( 2 or more) because the Entity tax by Partnership have the advantages about the fiscalization by the IRS. What do you think about this?

  • @keyslife629
    @keyslife629 3 года назад

    Hi you kept mentioning single member LLC are things different if there are employees with an LLC, I was thinking of hiring my 2 children.

  • @realitychken4322
    @realitychken4322 3 года назад

    If you have an LLC under one name and you sell under another name do you need to have a dba also?

  • @jemtopaz8306
    @jemtopaz8306 3 года назад

    Hi, I have a single-member LLC. I would like to start another with another name/different business. Should I start another LLC? Or can I put that other named new business under my already LLc?

  • @BigDaddy-mv9qc
    @BigDaddy-mv9qc 3 года назад

    Aiden I inherited 2 homes and I want to put in rental market. Should I do a separate LLC for each home or one LLC for both. I want to protect each house from the other and myself. Do you have a video out here or could you put one on your list to do. Thanks.

    • @allupinyobiz
      @allupinyobiz  2 года назад

      I answered your question in my newest video! Check it out at ruclips.net/video/SrGkYbAD25I/видео.html

  • @keelahunt3067
    @keelahunt3067 3 года назад

    But a llc own your money and company