LLC vs S-Corp vs C-Corp vs Sole Proprietorship 🏛 Attorney Explains

As a business attorney, I help my clients choose between an LLC vs S Corp vs C Corp vs Sole Proprietorship vs LLC Taxed as S Corp. In this video, I cover the different types of business entities and make my recommendations based upon your business structure and objectives.

This video will cover the differences between each business entity type and the pros and cons of each for tax, liability and asset protection purposes. By the end of the video you'll know what's best for you and your business.

00:00 Introduction on Entity Types (LLC vs S Corp vs C Corp vs Sole Proprietor)
00:50 Entity Type #1: Sole Proprietorship
04:49 Entity Type #2: C Corporation
07:32 Entity Type #3: S Corporation
09:22 Corporate Formalities
10:59 Entity Type #4: Limited Liability Company (LLC)
13:52 Entity Type #5: LLC Taxed as S Corp

Now that you know which entity type might be best for your business, in my next video I'll explain the step-by-step process on how to set up a Limited Liability Company (LLC), including a LLC Taxed as an S Corp. The link to my next video on "How to Create a Limited Liability Company" is:
   • How to Create an LLC In 15 Minutes On...  

If you want a very high quality attorney-drafted Operating Agreement (and/or other contracts and forms), note that a related company of mine is offering them at a fraction of the price you'd pay an attorney. Go here to learn more (and receive a 10% discount): https://www.attorneydrafted.com.

If you want a free template Operating Agreement, I have a video walkthrough on how to create an Operating Agreement for free here:    • Operating Agreement for LLC (Free Tem...  .

If you need a virtual office address so you can have a professional address outside your home, this company is in almost all states (and some other countries as well): https://bit.ly/AllianceVirtualOffices (affiliate)

If you prefer to hire an attorney to form your business and/or to draft the Operating Agreement or other contracts, feel free to reach out to me via my website, at: https://www.chrisjacksonlaw.com

Thank you!

Best regards,
Chris Jackson
@cjlawvideos

//BIO//
Hi, I'm Chris Jackson. I have over 25 years of experience as a business attorney. I'm also an entrepreneur who has owned, managed and sold at a significant profit multiple franchise coffee houses. In addition, I have finance and operational experience as a Chief Operating Officer (COO) of a large company.

//DISCLAIMER//
Disclaimer: Note that nothing in this video is intended to create an attorney-client relationship. This video and my channel are for general information and entertainment purposes only and should not be construed or relied upon as legal or tax advice (generally or specifically). You should not act or rely on any of the information contained herein without seeking professional legal advice.

#assetprotection #llc #corporation