The Entrepreneur's Solution: Business Tips | Wealth | Lifestyle | Entrepreneur | Success

Today, I will answer a question I get asked a lot - what kind of entity is the best for my company? Considering laws can be very different depending on where you are based, and each personal situation is different. We will go through the various structures you can pick for your business and your assets. We will look at each structure's pros and cons, tax structures, and everything you must know to protect your business, family and legacy.  What You Will Learn In This Episode: - How picking the correct entity for our company can protect us from expensive lawsuits - Why it is essential to legally separate ourselves and our assets from our company and its assets - The pros and cons of Sole Proprietorship - The differences between a C-corp and an S-corp - What Limited Liability Companies (LLC) are and the difference in taxes between them and C- or S-Corps - How we can reduce the self-employment tax When choosing an entity for our company, we provide it with a skeleton, a structure to protect our assets and t