The event recording is available now.
Jeff Stoller joined an Upwork Live talk to discuss business structures in the US. In particular, Jeff talked about the two most asked questions: Do I need an entity? What kind of entity should I have?
We’ve compiled a few key takeaways from the event below:
- Sole proprietorship, partnership, LLC, corporation, C Corp, and S Corp are each different and each has its pros and cons.
- If personal liability is a concern, then an LLC, corporation, or S-Corp are a good choice.
- If you make enough that you may want to reinvest in your business then an LLC or corporation are good choices.
- If your top priority is simplicity and you are not worried about liability and just supporting yourself/your family, then an LLC might be the right choice.
- Do what’s right for your business. At the end of the day, everyone’s industry, state, and even business are different. Think about what’s important to you and consult a local attorney or accountant to help pick the right business structure for your business.
You can access the recording of the event through the "Watch Recording" button above.
Happy Working!