DiscoverOutgrowth: A Slice of Pro BeautyBusiness Basics: Get In Formation
Business Basics: Get In Formation

Business Basics: Get In Formation

Update: 2021-05-10
Share

Description

What’s better for your business: being a sole proprietor, or filing as an LLC? When forming your business, the choice of structure will depend on multiple factors, including what’s legal in your state. We review the basic entities and suggest resources to research before engaging a professional to finalize this important decision.

Resources:

IRS: Business Structures

IRS: Entities Q&A

IRS Application for Employer Identification Number (EIN)

SBA: Choose Your Business Structure

Find local SBA assistance

Affordable Legal Advice for Beauty Pros (Finally!) with Amy Toepper of Legal In A Box

----------

Please subscribe, rate, and review Outgrowth on your favorite podcast platform to help us reach more listeners like you!

----------

Visit our website:
Outgrowth: A Slice of Pro Beauty

Find us on Social Media:
Instagram & Facebook & Twitter

We want to hear from you!
Email us at hello@outgrowthpodcast.com.

----------

A note from your hosts: While we make every effort to provide current and factual information in this podcast, we are not lawyers or accountants. Information contained in this podcast should not be viewed as a substitute for legal or tax advice. We always recommend you seek professional legal and financial advice where required.

AFFILIATE DISCLAIMER
Outgrowth provides links to information and other resources, including brands, products, and services, for your convenience. Some qualify as affiliate links when they result in compensation to Outgrowth.

----------

Edited for length and clarity.

Comments 
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

Business Basics: Get In Formation

Business Basics: Get In Formation

Ashley Gregory Hackett & Jaime Schrabeck, PhD