Joshua J Sheats, MSFS, CFP, CLU, ChFC, CASL, CAP, RHU, REBC is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core business strategy to equip you with the knowledge and inspiration you need to build financial independence.
http://radicalpersonalfinance.com
373-An Introduction to Types of Business Entities: Sole Proprietorship, Partnership, Limited Liability Company (LLC), Limited Liability Partnership (LLP), C Corporation, S Corporation
You want to start a business...so, you have to decide what type of business entity to use, right?
Well, yes and no. Yes in the sense that it is an important decision. But no in the sense that you should first focus on how you're going to build the business...and you should probably just start the business and see if it will work.
But, it is an important decision. And there is a lot of confusion over all these entities.
Today we cover these entities in an introductory capacity:
- Sole Proprietorship
- Partnership
- C Corporation
- S Corporation
- Limited Liability Company (LLC)
- Limited Liability Partnership (LLP)
My intention is not to give you all the details but simply an overview so you will feel more confident soliciting the professional advice that you need for your specific situation.
Joshua
- Need a financial advisor? Start your search here: www.radicalpersonalfinance.com/paladin
- Support RPF on Patreon: www.radicalpersonalfinance.com/patron
- Book a consulting call with me: www.radicalpersonalfinance.com/phonecall