Business Basics LLC or Sole Proprietorship

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Let’s discuss the tax implications and practical considerations of starting a new business or purchasing rental property under an LLC versus a sole proprietorship. Gain insights into IRS perspectives, the flexibility of LLCs, liability protection, and potential costs. Learn which option might be best for you and your future ventures. Subscribe for more weekly tax tips and updates! • 00:00 Introduction and Welcome • 00:10 LLC vs Sole Proprietorship: Tax Perspective • 00:58 Flexibility and Benefits of an LLC • 02:06 Liability Protection and Costs of an LLC • 02:50 Final Considerations and Conclusion

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