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In this video, I'll discuss whether you need an LLC to sell on Etsy. I'll explain the benefits of forming an LLC, such as personal liability protection and potential tax advantages, and compare it to operating as a sole proprietor. This guide will help you understand the legal and financial considerations of selling on Etsy, aiding in your decision on whether an LLC is necessary for your Etsy shop.
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Timeline:
00:00 Introduction
00:53 Understanding Selling on Etsy
01:36 Understanding LLCs
03:16 Considering the Costs and Requirements
05:00 Is an LLC Right for Your Etsy Shop?
05:32 How to Form an LLC
07:27 Alternatives to an LLC
07:50 Conclusion
Disclaimer: Some of the links above may be affiliate links, which means that if you click on them, I may receive a small commission. The commission is paid by the retailers at no cost to you, and this helps to support our channel and keep our videos free. Thank you! All info from our videos is compiled from online sources and our own experience, and we encourage you to do your own due diligence. We appreciate your viewership!
In addition, we are not a financial advisor. George Vlasyev does not provide tax, legal, or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your own due diligence before making any financial decisions.