Business 101Startup
VERY SAMPLE: Are You Ready?
I will be giving you the first steps in the business startup.
Understanding which business plan is best for you.
What's the difference between an LLC and a corporation?
The differences include how they're owned (LLCs have one or more individual owners and corporations have shareholders) and maintained (corporations generally have more formal record-keeping and reporting requirements). Even though LLCs are considered easier to start and maintain, investors tend to prefer corporations.
What's the main difference between a sole proprietorship and an LLC?
Personal liability protection. An LLC protects owners from being personally on the hook for business liabilities or debts. A sole proprietorship doesn't.
How are different business types taxed?
LLCs, S corporations, and sole proprietorships are taxed once on profits received. C corporations are taxed twice; the business pays taxes at the corporate level, and shareholders pay taxes on income received.
Are You Ready? How to start an online store
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