Should artists start an LLC or stay a Sole Proprietor for their art business?

This video is about the question on whether an artist should go from a sole proprietor to a Limited Liability Company(LLC)?


00:00 - Introductions
00:41 - Sole Proprietor for artists
01:10 - Paperwork and startup
01:39 - Reporting income
02:13 - No protection of assets
02:53 - Taxes as a Sole Proprietor
03:08 - Self Employment Tax
03:49 - Why to stay a Sole Proprietor
04:00 - Limited Liability Company
04:30 - Limited Liability
05:10 - Separating the personal and business
06:00 - Paperwork and Costs registering an LLC
06:38 - Taxes as an LLC
06:54 - S-Corp election
08:00 - LLC maintenance
09:20 - Conclusions
09:41 - Employer Identification Number
10:53 - Professional advice
11:19 - Outro


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