Sole Proprietorship vs LLC vs Corporation | DBA or LLC?

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All Up In Yo' Business with Attorney Aiden Durham

All Up In Yo' Business with Attorney Aiden Durham

Күн бұрын

Пікірлер: 438
@j.r.1168
@j.r.1168 5 жыл бұрын
Finally , a lawyer with some humor. All Up In Yo' Business is the greatest. Thank you!
@veggiegirl2998
@veggiegirl2998 7 жыл бұрын
Thanks to your help and information, I registered my business as an LLC! So grateful to have found you, Aiden!
@rromero1318
@rromero1318 9 жыл бұрын
Wow you really know your stuff. You manage to say all that information in 8min impressive.
@le_th_
@le_th_ 4 жыл бұрын
Being concise with one's knowledge is a valuable skill to possess.
@Cece-vd3xt
@Cece-vd3xt 9 жыл бұрын
Love your videos!! Clear, simple and so practical. I've learned more from a couple of your videos than I have spending hours reading through websites or watching "This is isn't a get rich scheme about how to start your business" videos
@allupinyobiz
@allupinyobiz 9 жыл бұрын
Cece stronach Love to hear that! Thank you so much for watching and for the kind words!
@jtsdeals
@jtsdeals 3 жыл бұрын
Been watching your videos as I'm starting a solo consulting business. I like your sense of humor, it helps break up the detailed law minutia.
@stephenderong9151
@stephenderong9151 9 жыл бұрын
You must have paid an arm and a leg to your graphics department! lol
@fahadfaisal7855
@fahadfaisal7855 4 жыл бұрын
You didn't get it, did you, Stephen ;)
@chevonsherrodpatterson1727
@chevonsherrodpatterson1727 2 жыл бұрын
The way I laughed. 😂😂😂 Her graphics department deserves a raise.
@davidbuchananmba5624
@davidbuchananmba5624 5 жыл бұрын
You had me at “Hello”. I am a current realtor, college professor teaching business, business owner & future lawyer. I enjoyed the way you presented and covered an overview of business entity. Thank you.
@jeffmeagher7809
@jeffmeagher7809 7 жыл бұрын
Your videos are by far the best at explaining all about starting a business. Thanks for taking the time to make them!
@PrinceLevii
@PrinceLevii 9 жыл бұрын
Thank God for this video you beautiful lady. I love the way you put it in the simplest form, subscribed!
@Missvelnel
@Missvelnel 8 жыл бұрын
same!!
@InfiniteSnake
@InfiniteSnake 4 жыл бұрын
Came here to learn and returned to the channel because of the content.... and the scenery.
@AveGuy1
@AveGuy1 5 жыл бұрын
I'm sure you are busy but you still take the time to make these videos for us. You are too cool.
@rhondaownmicroscope9543
@rhondaownmicroscope9543 6 жыл бұрын
Thanks for giving me my second opinion; today, you’ve should me who’s for me and against. Anyone who advises you to do business without protection isn’t right. Thank you so much for your help, it’s appreciated...I wasted four years on a purposeful business and movement by a organization or person who was retaliating against me that had a stronger connection because they were a government employee. I’m lucky to have learned to research consistently. Your Awesome!
@PulseTriangle
@PulseTriangle 7 жыл бұрын
Wow thank for your channel =) this is a huge resource! I have been tasked with forming a separate company to manage a function within the building I work, and had NO idea about any processes involved.
@dagumak
@dagumak 5 жыл бұрын
This was way easier to understand than all the other videos that I watched. Thanks!
@DoggLeash
@DoggLeash 4 жыл бұрын
Thank U 4 simplifying that 4 me, I must say of all the people who tried to explain the do's N fonts U did it the best 👍🏾👍🏾
@uneekperspectivellc7572
@uneekperspectivellc7572 9 жыл бұрын
Your videos are very informative for people like me that are starting up a new business and need to be schooled on business types and what needs to be done. Thanks!
@ITM95
@ITM95 6 жыл бұрын
Thank you so much again... I’ve watched several videos and I feel very reassured in how my sole proprietorship works and should operate. I appreciate you!
@AcuaitzinMoteuhczoma
@AcuaitzinMoteuhczoma 4 жыл бұрын
Had an epiphany the other day of finally starting my roots for my Swim Business & went straight to research and study on all these structures. This was the FIRST video I found on the basics to LLC, SP, etc. and my name is Daniel! Haha Thank you for presenting this information so eloquently - you were very easy to understand !
@Arielpaints
@Arielpaints 6 жыл бұрын
Great video. My subs ask me why I’m an LLC all the time. I’ll be sharing this video with them in an upcoming q and a video. Thanks!
@javiergcardenas
@javiergcardenas 4 жыл бұрын
Thank you, Aiden! :D I just found your KZbin post by accident. I'm very impressed with how you explain everything simply and it's easy to follow. I immediately subscribed to your KZbin Channel and hit the bell notifications button. I have a lot of catching up to do so I will be viewing all of your pertinent videos for my business decisions. Keep up the great work! I really appreciate it!
@Hermzzz
@Hermzzz 8 жыл бұрын
This is great. Welcoming style of video and far more entertaining than the other videos on youtube. Keep it up!
@markliberatore6377
@markliberatore6377 7 жыл бұрын
wow. you are pretty smart! i thank you very much for your knowledge and insight! You have addressed the difference between three different business entities within eight minutes and would have probably taken me hours upon hours of research. thank you thank you thank you.
@jerryfujiwara8008
@jerryfujiwara8008 6 жыл бұрын
Thank you. Your summary comparison of three types of businesses was brief but very informative. Just what I was looking for. Also, I enjoyed the way you presented the information. :)
@Loyascleanings
@Loyascleanings 9 жыл бұрын
It is amazing to find good and generous professional informative people to share what they know. Thank you. Your videos are awesome!! :-)
@ronniesmith1697
@ronniesmith1697 6 жыл бұрын
You missed a big one, S Corp. that most small business owners use
@ayewhite333
@ayewhite333 6 жыл бұрын
Your info-graphic was SO helpful. Thanks so much
@elyssehurren1796
@elyssehurren1796 7 жыл бұрын
Not gonna lie, I snorted with laughter at your graphics department's infographic. Very charming.
@lillycanterbury1157
@lillycanterbury1157 6 жыл бұрын
Great video Aiden. Thanks for sharing and simplifying this for business owners.
@Taylor0722
@Taylor0722 4 жыл бұрын
its nice how shes pretty and quite knowledgeable but doesnt take herself too seriously. made things easy to grasp
@allupinyobiz
@allupinyobiz 4 жыл бұрын
I appreciate that!! Thanks 😊
@hfortenberry
@hfortenberry 7 жыл бұрын
Thank you so much for that information! I was struggling to decide between these and now I feel more confident in what to choose. I appreciate your videos very much!
@christinakuo2430
@christinakuo2430 9 жыл бұрын
Thanks for this video...it's the best high-level and directly simple explanation of business structures!
@noirskate
@noirskate 5 жыл бұрын
Aiden...Thanks for the video it has definitely helped me in my study of business law
@riogc3257
@riogc3257 5 жыл бұрын
I’m really glad that I’ve found you! You just answered everything I was wondering. I’m looking to start a business and this is very helpful! I really enjoyed how you explain it and made it so easy to understand. Thank you very much for this info! You just got another faithful subscriber! I will be checking out more of your videos!
@allupinyobiz
@allupinyobiz 5 жыл бұрын
I'm glad you found me too! Thanks so much for subscribing!
@stevendunn2501
@stevendunn2501 9 жыл бұрын
LOL! You had me at "I kinda look like a mime". And the gestures were just too much. Great info.
@fancydancy5965
@fancydancy5965 6 жыл бұрын
I'm so happy I found your channel even though this videos is a few years old but you answered all my questions I had. Thank you
@darleneavila1761
@darleneavila1761 7 жыл бұрын
Thank you so much. This helped my husband and I so much. We truly appreciate it.
@WilliamVivasMiAbuelaMeDijo
@WilliamVivasMiAbuelaMeDijo 9 жыл бұрын
That was some awesome way of giving information I really enjoyed your video. Thanks!
@tnpannel
@tnpannel 6 жыл бұрын
I love your videos they are very informative and helpful and I love to watch you the way you talk is so interesting you are a blast
@kindredkohlerables4138
@kindredkohlerables4138 6 жыл бұрын
Thank you so much! This was very helpful. So was your other video about S-Corps.
@otnielo.t.manary273
@otnielo.t.manary273 9 жыл бұрын
Just an awesome lecture! I've learned so much with you Dr Aiden Kramer! It is so bad that you're not in Georgia, I would use your services for sure (well, I am through your videos though...!!!) Thank you so much!!!
@amandatafua7893
@amandatafua7893 2 жыл бұрын
If I have several real estate properties in LLC's under an umbrella company, what is the purchasing power of the holding company? Can I combine the profits from all subsidiaries and make a purchase under the name of the umbrella company, and then put that new purchased property into an existing or new subsidiary LLC? What would if I have to do to do that properly and make sure I'm not co-mingling funds?
@ShenZA6
@ShenZA6 5 жыл бұрын
I like your channel! Direct to the point, and so fresh
@TheGabeazrepresent
@TheGabeazrepresent 5 жыл бұрын
Thank you for these videos Aiden! They answer so many questions Iv had throughout my small business journey.
@markledesma3658
@markledesma3658 6 жыл бұрын
Thank you for making it easier to understand this very important information.
@jassingh9417
@jassingh9417 6 жыл бұрын
Can you talk about what forms are required for business operations. For example do you need service contract.
@shindigtv1632
@shindigtv1632 7 жыл бұрын
Thank you for this information. It is easy to understand with your explanation and graphics!
@charliehorse8686
@charliehorse8686 4 жыл бұрын
I am a sole proprietor with 5 employees. Already have a DBA and EIN and I'm thinking of forming an LLC. A couple questions: My business is an on-the-road service, and the "per mile" deduction is "YUGE" so I'm not willing to give that up. I know a corporation must deduct actual vehicle expenses. What about an LLC? Will I have to "reregister" my DBA? Will I need a new EIN? Will I need new bank accounts? Will I have to "fire" my employees as a sole proprietor, then rehire them as an LLC? Will my existing agreements with merchant services, phone companies, etc still be in effect? (For example I have a sweet deal with the phone company, locked in for life. If I have to negotiate as a new entity I'll lose that.) Will I have to formally add myself to payroll, deducting taxes as I already do with other employees? (If so, doesn't that mean I'd have to file separate taxes for the LLC?)
@aquariusjones69
@aquariusjones69 8 жыл бұрын
Great video! Thanks Aiden. Definitely subscribing.
@brianchill
@brianchill 5 жыл бұрын
Good content ma'am! 👍🏼Thanks for sharing and keep up the good work!
@sisteryaya24
@sisteryaya24 2 жыл бұрын
Just what I was looking for. Thank you!
@TFrills
@TFrills 4 жыл бұрын
I spoke with an attorney who told me that, not only would forming an LLC cost me $800 annually in California, but it would costs thousands to get properly set up, and he did not recommend doing it on my own. I'm not sure who I can trust.
@adalgissarodriguez7026
@adalgissarodriguez7026 3 жыл бұрын
Update?
@TFrills
@TFrills 3 жыл бұрын
@@adalgissarodriguez7026 I went with a sole proprietorship. I will upgrade to an LLC once I reach a certain size. Otherwise, if I move to a different state, then starting an LLC will be no big deal and I'll do it.
@adalgissarodriguez7026
@adalgissarodriguez7026 3 жыл бұрын
@@TFrills Cool. Thanks for answering
@afprincess7622
@afprincess7622 7 жыл бұрын
ok...your explainations so much easier to understand then other videos i have watched. maybe it was the graphics 😁
@adamadam3718
@adamadam3718 5 жыл бұрын
Who registered businesses, Federal or State Government. For example Walmart is registered by the Federal Government or by every State individually. Does it has one Tax ID for the whole USA or separate Tax IDs for every Sate.
@doronbracha3902
@doronbracha3902 7 жыл бұрын
Excellent presentation, thank you Aiden !
@TerryOnDemand
@TerryOnDemand 5 жыл бұрын
Great Video! Thanks for keeping this short, understandable, and to the point!!
@makayla8998
@makayla8998 3 жыл бұрын
This was extremely helpful and informative. Thank you!
@ericperich1240
@ericperich1240 6 жыл бұрын
That was Excellent and you just got a New Subscriber! Thank You for the information...
@angeloporta8196
@angeloporta8196 8 жыл бұрын
Thank you for the videos and for the time you put in to do them.
@ncslimited1008
@ncslimited1008 5 жыл бұрын
Hi, I formed an LLC, received an EIN number for that LLC and registered both of them. 100% of the LLC's income is derived through selling items on eBay. The money made from selling these items goes directly into the LLC's Business Paypal Account which is linked to the eBay account. How do I go about legally transferring that money into the LLC's business bank account and how often can I transfer funds from that Paypal account to the bank account? Thank you
@DeeJayC13
@DeeJayC13 8 жыл бұрын
Love the Video and your Rapid Fire Delivery of Great Information. I'm a new subscriber and a first timer to your videos. I'm putting together a comparison of a S-corp, C-corp, LLC & a Sole P for a financial presentation. I was taking notes on this video and had to slow the speed of your video down 0.5 so my note taking can keep up, Lol.. I also noticed you take the time to answer questions below and I think that is very cool of you! So perhaps you can help answer this question for me. What are the benefits and tax advantages of having a C-corp and utilizing a Corporate owned life insurance aka COLI? Do you have to have a C-Corp to have a COLI or can an S-Corp have a Coli? Any information would be greatly appreciated. Thanks so much Aiden and keep up the great work!
@vikashchauhan7493
@vikashchauhan7493 6 жыл бұрын
Mr. Campos ,
@JudisCuisine
@JudisCuisine 6 жыл бұрын
It's sounds like LLC is the best option of the 3. Why would someone choose a C-Corp over LLC when there's the double tax?
@alteregoagm
@alteregoagm 5 жыл бұрын
For a canadian who has his ecommerce business in the US (ebay drop shipping; lives in Canada) and wants to have tax exemption and don't want to pay double taxation. Which corporation is the best option?
@FightClubClips007
@FightClubClips007 4 жыл бұрын
How do we make. a company as a owner and reduce as much as possible any liability for board members and instead give us as much if not all liablity on a owner
@kim-deity-philemon3883
@kim-deity-philemon3883 7 жыл бұрын
Thank God I found you. You’re a lifesaver!!☺️🤗
@carolmarie5789
@carolmarie5789 9 жыл бұрын
In a basic order, what steps should be followed, starting from ground zero, in forming an LLC as an S-Corporation?
@allupinyobiz
@allupinyobiz 9 жыл бұрын
Carol Lee In general, you will first need to create the LLC by filing Articles of Organization with the Secretary of State (or whatever agency controls business entities in your state, it may have a different name), draft any necessary internal documents for the LLC (e.g. Operating Agreement, organizational resolution, etc.) and any additional documents that your state may require, then file IRS Form 2553 to elect the S Corp tax status. Thanks for the great question!
@carolmarie5789
@carolmarie5789 9 жыл бұрын
All Up In Yo' Business by The Law Office of Aiden H. Kramer, LLC Thank you for answering.... I greatly appreciate all of your videos. I have watched them all up to this point, like a marathon. :)
@glauberdsantos
@glauberdsantos 4 жыл бұрын
My tax preparer suggested me to choose S-corp but I don't think the first year I'll make a lot of money to the point to afford the extra cost of being a S corp like booking, meetings and other necessaries details . So, I feel that the tax money I would be saving being S corp would go other expenses and not to my pocket.
@Autumn_Forest_
@Autumn_Forest_ 4 ай бұрын
What if you’re a sole proprietor and insured/bonded? Doesn’t that protect you enough?
@lorimoore405
@lorimoore405 4 жыл бұрын
Are you the actress who played the empress in Never Ending Story? Serious question. Also, great info, great video. This is the third I have watched of yours ( and you looked familiar to me).
@allupinyobiz
@allupinyobiz 4 жыл бұрын
Haha! I wish I were the Childlike Empress 😁. But sadly, nope, that's not me!
@gregorykruszynski5886
@gregorykruszynski5886 5 жыл бұрын
So in Florida right now , it is illegal to start LLC either S or C corporation and be self proprietor, one member, one person corporation. If you are a self proprietor you only choice is Inc. corporation.
@thothheartmaat2833
@thothheartmaat2833 8 жыл бұрын
what if you make no profit and pay no tax? could you survive somehow on business assets?
@Papakezzy
@Papakezzy 6 жыл бұрын
You help alot💯
@samsantos3923
@samsantos3923 6 жыл бұрын
Hi Aiden : Question: if I have been operating as a sole proprietor for several years, now I want to divide the rentals into two LLC’s. How the new entity/ structure will be transferred, ex. New bank accounts , New leases with tenants, could you explain the process from sole proprietor to LLC ENTITY? Thanks Sam
@WhatsThePoint01
@WhatsThePoint01 5 жыл бұрын
If you have a single-member LLC, you'll file as a sole proprietorship using Schedule C (unless you choose to treat the LLC as a corporation). Is there still a tax benefit to a single member LLC if you have to file as a sole proprietor? Honestly that's the main reason I'd form an LLC, well that and the personal assest protection. Any thoughts?
@lastchild2010
@lastchild2010 9 жыл бұрын
I want to open a children's boutique online and was going get a LLC but after watching this video thinking of a sole proprietorship which is better to get
@mariolopez9863
@mariolopez9863 8 жыл бұрын
WOW Awesome info! Thank you so much for all the videos!
@balbinaromero658
@balbinaromero658 5 жыл бұрын
Quick question, I am starting my own mens clothing business, buying wholesale products and selling them. I also design my own material as well. It is just me bringing up the business, I don't have any partners or invest in anyone either. I was going to apply for an LLC. But since I am very small and no one really knows the business at all, the chances of me getting sewed are very low. Should I go sole proprietor or would you still recommend LLC?
@OnyxandIvory
@OnyxandIvory 6 жыл бұрын
If I'm starting a cleaning business with my mom and dad, we're all funding the business, we're all equal partners, should this be an LLC, or a C-Corp?
@daphsevenn1440
@daphsevenn1440 9 жыл бұрын
THANK YOU!!! very good, easy to follow, funny.
@BrotherAbrahamMuhamm
@BrotherAbrahamMuhamm 8 жыл бұрын
Arent attorneys supposed to be dull and boring? lol. And btw, the 'All up in Yo business theme' is very kool... :-)
@ShowUpAndDoTheWork
@ShowUpAndDoTheWork 7 жыл бұрын
Great Video. Thanks for the info. Super easy to follow.
@Naturally_T
@Naturally_T 2 жыл бұрын
I just found your page and the information is extremely helpful. I just started a sole prop but it looks like I may need to change to an LLC. Is there a way to transfer or change a sole prop into an LLC or would it just have to be started over completely brand new?
@christopherlynnjohnson2706
@christopherlynnjohnson2706 5 жыл бұрын
Great information!
@Muhammadkhan-bknyc
@Muhammadkhan-bknyc 7 жыл бұрын
hi you are so professional, i am planning to start small import/export business @ home, can you please let me know which license i should choose SP or LLC ? i am new in usa want to registered a company. my 2nd question is in case of SP how do i prevent my self to get sued ???? any protection ???
@MrWCabrera
@MrWCabrera 9 жыл бұрын
I want to start, a staffing and events company in which we staff waiters, bartenders for events such as weddings, etc etc. i would like to know if an LLC is most appropriate?
@thedogdaddychannel507
@thedogdaddychannel507 9 жыл бұрын
can you start out as a regular LLC then change later to S-corp LLC at a later date?
@tyyyytttt
@tyyyytttt 6 жыл бұрын
Mark Groleau yes. check out this video: kzbin.info/www/bejne/j2e4f3uveZ56idk
@amely6932
@amely6932 5 жыл бұрын
Great question!! I was wondering the same thing.
@gerardov.9716
@gerardov.9716 6 жыл бұрын
Is the graphics department subcontracted?☺
@Missvelnel
@Missvelnel 8 жыл бұрын
I LOVED this video! you answered almost all of my questions thank you! I am in the process of starting a commercial cleaning business. It will just be myself but I will be hiring one person. Would a sole proprietorship be a good move for me?
@jcsaenz7645
@jcsaenz7645 5 жыл бұрын
How do people go into starting to figure out %s when dividing it up to investors or roles that people will be filling?
@sheworkinn9733
@sheworkinn9733 8 жыл бұрын
i want to start an online shop...i make handmade Christmas wreaths..Baskets for every hoilday..birthdays and so on......which one is appropriate for me?
@razielgrey5535
@razielgrey5535 7 жыл бұрын
Great video Aiden thanks for sharing! How can an LLC aquire investors. My understanding is they cannot issue stock. Yet, is there another way to collect capital for a start up?
@Snt445
@Snt445 9 жыл бұрын
Hi, I really enjoy watching all your videos. I learnt so much from them. Can you tell me please what is the difference between INC and LLC?
@allupinyobiz
@allupinyobiz 9 жыл бұрын
Lana Martyshova An INC is the same as a corporation. Your business is "incorporated" which is where the "inc" comes from. So hopefully the video will answer that question! Thanks so much for watching!
@Lumencraft-
@Lumencraft- 7 жыл бұрын
Thanks Aiden Kramer.
@scubasteve5659
@scubasteve5659 5 жыл бұрын
im trying to find out which is best for building custom pc's in my garage...
@terrenceshibata72
@terrenceshibata72 6 жыл бұрын
What would be the best option for Uber and Lyft drivers, who are considered independent contractors? Thanks.
@THISINDIAN
@THISINDIAN 5 жыл бұрын
I got my answer in this video. Please disregard my previous comment. Thank you !
@Dotherightthing4ever
@Dotherightthing4ever 6 жыл бұрын
Thankyou ma'am for very helpful videos, i am from south Carolina, i new to trucking industry, just gaining knowledge for future , WHICH OF THESE 3 YOU RECOMMEND FOR TRUCKING AND DO WE HAVE TO FILL THE ' TIME FRAME OF BUSINESS ' OR WE CAN LEAVE THE DATE COLUMN BLANK. Please reply thanks
@IvonnahErskine
@IvonnahErskine 7 жыл бұрын
So, if I wanted to have a book publishing company and an apparel company would it be best to do an LLC for each or have let's say, Ivonnah INC & have the two companies under that umbrella?
@etexmanagement4811
@etexmanagement4811 9 жыл бұрын
I Recently created an LLC Company If my LLC doesn’t have its own federal tax classification, but can adopt the tax status of sole proprietorship, partnerships, S corporations or C corporations. What will it be the best option for me as a new business owner with no employees. Thank you
@hosseini1360
@hosseini1360 5 жыл бұрын
Hi, I do digital marketing, photography and website design Should I go LLC with s corp election?
@MrAlivallo
@MrAlivallo 5 жыл бұрын
***W2, 1099, or C2C ???? I am a contractor*** Hey ' 180 Law Co. LLC ' ; I work as a PM, a Network engineer, SDE, or whatever pays the bills. My contracts/projects last about 1-2 years. What should I choose? 1. on W2 these staffing agencies offer NO days off PTO or Holiday; NO Work NO Pay. 2. W2 you cannot get personal health insurance unless you pay for it. Usually a 3pl insurance is a better deal. 3. some W2 offers 401k or IRA but NO MATCHING. 4. on W2 Staffing agencies often take At Least %10, but many are taking 30-35%. (often its overhead for taxes 7%, HR, etc); **this Type of W2 contract is All the rage in 2019. The salary for these jobs can range $25-55hr. and higher with shorter contracts. ADVICE PLEASE!
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