One of the most frequently asked questions I get from small business owners is should I run my business as an LLC (Limited Liability Company) or a Sole Proprietor. There are so many decisions facing you as a small business owner and choosing your legal entity is one of the big ones. In this episode of Office Talk, I'm going to compare the pros and cons of each and address six questions you should ask yourself to determine which business structure is best for your business.
In this video, we'll cover:
- What is a Sole Proprietorship? (1:17)
- What is a Limited Liability Company? (2:56)
- Questions to Consider Before Choosing Your Business Structure? (5:57)