DiscoverNot Your Therapist#3 From Sole Proprietor to LLC: Making the Right Choice
#3 From Sole Proprietor to LLC: Making the Right Choice

#3 From Sole Proprietor to LLC: Making the Right Choice

Update: 2024-09-15
Share

Description

Send us a text

Ever wondered how to protect your personal assets while optimizing your business finances? In today's episode, we unpack the often-overlooked decision of formalizing your business structure. Through personal experiences and expert insights, I illustrate why choosing the right structure—be it a sole proprietorship, LLC, PLLC, or PC—can be a game-changer for your entrepreneurial journey. By consulting a business coach or lawyer, you can make informed decisions that offer significant tax benefits and safeguard your future.

Beyond legal protections, we dive into how formalizing your business boosts credibility and opens doors to new opportunities, even for the smallest enterprises. Debunking common misconceptions about complexity and relevance, I provide a straightforward guide to selecting the right structure, filing the necessary paperwork, and maintaining compliance. With practical tips and personal stories, this episode makes the case for why formalizing your business is crucial for continuity, access to funding, and building business credit. Join us to learn how taking this critical step can set you on the path to long-term success.

👉 Grab your FREE Audio Training: Get Unstuck- 3 Strategies to Break Free from Unhealthy Patterns

👉 Follow me on social @kaylarreilly

👉 Ask me a question hello@kaylareilly.com

Comments 
In Channel
loading
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

#3 From Sole Proprietor to LLC: Making the Right Choice

#3 From Sole Proprietor to LLC: Making the Right Choice

Kayla Reilly