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#251: LLC vs Sole Proprietor: Which Is Best For Freelancers | Back To Basics

#251: LLC vs Sole Proprietor: Which Is Best For Freelancers | Back To Basics

From6 Figure Creative


#251: LLC vs Sole Proprietor: Which Is Best For Freelancers | Back To Basics

From6 Figure Creative

ratings:
Length:
11 minutes
Released:
May 4, 2023
Format:
Podcast episode

Description

If you've ever wondered whether you should operate as a sole proprietor or form an LLC, this episode is just for you! We'll dive into my own personal journey, why I avoided LLCs for so long, and ultimately, how you can make the best decision for your freelance business.
Now, I want to point out that this discussion is specifically for US-based freelancers. I wish I could cover every business entity in every country, but my knowledge is limited to what's available in the US. So, if you're based elsewhere, I apologize, and I hope you still find value in the conversation.
In this episode, we'll explore the key differences between a sole proprietor and an LLC, and how they can sometimes look and feel the same. I'll also share some recent insights I've gained to help you make a more informed decision for your business.
I truly believe that this episode will provide you with a better understanding of the advantages and disadvantages of both sole proprietorships and LLCs, ultimately helping you choose the best path for your freelance business. So, grab a cup of coffee, get comfortable, and let's dive into this (not so) exciting topic together!
In this episode you’ll discover:

Which business structures to consider for your business

The advantages of running an LLC

How to set up your LLC

For full show notes, visit https://6figurecreative.com/251
Released:
May 4, 2023
Format:
Podcast episode

Titles in the series (100)

6 Figure Creative is a podcast that helps freelance creatives earn more money by doing what they love. If you’re trying to avoid the never-ending grind of a 9–5, or just want to earn more money doing what you do best (creating), 6 Figure Creative is your new favorite show! Join host Brian Hood and his guests as they explore topics such as mental health, finances, sales, marketing, time management, the digital nomad lifestyle, and more.