There are really only three categories when choosing a new business structure. A new business is automatically considered a sole-proprietorship, an LLC provides a legal umbrella for its owners and a Corporation ( or S-Corporation) which provides both legal and tax benefits. If it’s so cut and dry why are 25,000,000 business owners still classified as sole proprietors and millions more LLC? I have an idea about why that is but the fact remains that tens of millions of businesses should be incorporated. It’s like sending your child to school with no lunch money. There’s something seriously wrong with this picture folks and it’s time to turn the tables back into our favor. Solo-Preneurs outnumber them by 20,000,000 Incorporate, protect yourself, reduce your taxes and increase your odds of succeeding!
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