In this episode we go over what professional structure you should have.
Sole Proprietor, S Corp, C Corp or Limited Liability Company. In this episode we break down:
- What those structures look like
- How they protect your assets
- How to minimize your tax bill
- Why you should have 4 bank accounts
- The cost of forming each
- The time it takes to create a corporation
- How to develop a marketing budget
- How you can save 13,000 dollar a year by legally avoiding the Self Employment Tax
- Why Tax Avoidance is OK but, Tax Evasion is not
Disclaimer: I am not a CPA just a guy that has done lots of companies
