How To Set Up Your Design Business: LLC vs. Sole Proprietorship



LLC vs. Sole Proprietorship: Set Up Your Design Business The Right Way. Rebecca Heinemann needs to raise her business IQ. In this coaching session, Chris walks her through the Pros/Cons of setting up as a sole proprietorship, limited liability company, and corporation.

1:00 Set up an LLC-Limited Liability Corporation to protect yourself lawsuits and gives you greater flexibility when it comes to taxes.
1:34 Discussion about limited liability corporations
2:26 Common types of business entities: sole proprietorship, llc and corporation. Questions to ask yourself.
3:40 Benefits of sole proprietorship: uncomplicated, simple tax benefits, low processing fee
3:55 Cons of sol proprietorship: personally liable, high audit rates, can’t raise capital, no separation
4:42 Pros/Cons of LLC
5:50 Definition of Corporation
7:00 Call your accountant or CPA for professional advice on liability and tax planning.

Enroll in our Business Bootcamp:
https://www.thefutur.com/business-bootcamp-fall-2018/

Suggested reading list:
“101 Things I Learned in Business School”
https://amzn.to/2vhiylS

“Creative Strategy and the Business of Design” (by Douglas Davis)
https://amzn.to/2M3ffZ3

“Burn Your Portfolio” by Michael Janda
https://amzn.to/2nbOwLK

Craftwell by Rebecca Heinemann
http://www.craftwellstudio.com

Enjoy this video? Here’s the Rebecca Heinemann Playlist;
https://goo.gl/ZKxaRo

👉Subscribe: https://goo.gl/F2AEbk

Want a deeper dive? Typography, Lettering, Sales & Marketing, Social Media and The Business of Design courses available here:
https://goo.gl/bRt5qd

—
Love the content? Become a sustaining member for $5/mo today.
https://goo.gl/uKcJ3N

Our BOOKLIST:
https://goo.gl/onrdxr

Kits & Proposals:
https://goo.gl/mSjuWQ

Visit our website:
https://www.thefutur.com

FREE resources:
https://goo.gl/Qh6gHr

Mandarin (Chinese) Subtitles on UiiUii
https://uiiiuiii.com/?s=the+futur

—
OUR AFFILIATE LINKS
Skillshare: https://goo.gl/YCo2uT
Amazon: http://a.co/7abg3DD
Creative Market: https://goo.gl/g4jlTE
Artlist: https://goo.gl/aN8idZ

—
Futur Podcast on iTunes: 🎙
https://itunes.apple.com/us/podcast/the-futur/id1209219220?mt=2

—
Host– Chris Do
Writer– Melissa Katherine
Cinematography– Aaron Szekely
Editor– Stewart Schuster
Futur Theme Music – Adam Sanborne http://www.adamsanborne.com
Annotations– Melissa Katherine
Typefaces: Futura, Din, Helvetica Neue
Futur theme song— Adam Sanborne

source

Bookmark This Post

No account yet? Register

Send this to a friend