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As a one-owner business, should you be an LLC (limited liability company) or a sole proprietorship? In the United States, when you start a business by yourself you are automatically a sole proprietor. That can be okay in some situations, but there are certain cases where forming an LLC will be the best legal structure for your finances and risk management.
00:00 Intro
01:08 Benefits & Problems of Sole Proprietorships
03:15 Benefits & Problems of a Limited Liability Company (LLC)
07:07 Bottom Line: LLC or Sole Proprietorship?
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Legal Disclosure: Elizabeth is licensed to practice in the state of California and before the United States Patent and Trademark Office. Information contained in this video is not legal advice - please seek advice of counsel. This video and description may contain attorney advertising.
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