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Choosing The Entity That Best Fits Your Business Needs...
 
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When creating your business, you have four basic entity types you can choose to use. You can choose to be a Sole Proprietorship, this is the simplest option to start a business. Then you have General Partnership, S Corporation, C Corporation, and Limited Liability Company. Each one has its advantages and disadvantages, based on what you sell, your business's finances, and the number of owners the business will have. As a business owner you have to select the structure that best fits your business needs.
Views: 111187 You Can Reach J
Finding the Right Business Structure
 
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Will you form a sole proprietorship? A partnership? A corporation? A limited liability company? There are pros and cons to each. Watch this video to learn how each structure can affect operations, registration and filing fees, liability, and taxation.
Views: 33421 John Deere
How to Choose the Right Business Structure
 
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By reviewing the pros and cons of these four common business structures, you can determine which one will benefit you most. more at: http://www.entrepreneur.com/article/244190 Watch more videos at: http://www.entrepreneur.com/video Follow Us On Twitter: https://twitter.com/entrepreneur Buy Mark’s Educations Products Today! Link - http://markjkohler.com/product/ Subscribe now! https://www.youtube.com/subscription_center?add_user=MarkJKohler
Views: 40157 Entrepreneur
How To Choose The Right Legal Structure For Your Business
 
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http://www.fitsmallbusiness.com In today's video we are going to discuss business structures and how to know which business legal structure is right for your business.
Views: 36776 FitSmallBusiness
Sole Proprietor, LLC, or Corporation? - All Up In Yo' Business
 
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What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w The three most common types of structures for a small business are the sole proprietor, LLC, and corporation. These are by no means the only options for business structure; there are many more options out there (e.g., general partnerships, limited partnerships, limited liability partnerships, cooperatives, non-profit corporations, etc.). If you are operating as a sole proprietor, this means that you have not really formed any legal structure of a business entity. If you are just an individual making income from providing services or selling products and you have not registered anything with your state, then you are already operating as a sole proprietor. If you are operating under a trade name (e.g., if I am operating a lawn mowing service under the name “Aiden’s Lawn Mowing Service,” that would be the trade name), then you should file a Statement of Trade Name with the Secretary of State in order to register the fact that you are operating under that trade name. However, just because you file your trade name does not mean that you are an LLC or any kind of entity; you are still just a sole proprietor. The LLC is the most popular entity formation and that is because (in Colorado, at least) an LLC is inexpensive and relatively simple to start and run. To form an LLC, all you have to do is file Articles of Organization with the Secretary of State (or whatever agency operates business organizations in your state) and boom! you've got yourself an LLC. Of course, there are other things you need to do to make sure your LLC is going to protect you personally and to avoid piercing the corporate veil. Similar to a sole proprietor, all of the income to the business is taxed as if it were personal income to the business owner. Finally, the biggest difference between an LLC and sole proprietor is that an LLC does give you that liability protection. So, if there is a lawsuit, or if the LLC is subject to some liability, then you as the business owner should be personally protected and your personal assets would most likely be safe from those liabilities. When I say "corporation" in this context, I am referring to a C-Corporation specifically. (I'm going to touch on the S-Corporation in just a minute.) The corporation is a little bit more complicated and expensive to set up, but there are some instances where it would be useful to have a corporation. First, it’s important to know that there are three groups of players in a corporation: Shareholders, Board of Directors, and Officers. Shareholders are basically the owners; they own shares of the corporation. The Board of Directors is responsible for making decisions about the operation of the corporation. And the Officers are generally those that are actually participating in the business and managing the business and all of its activities. Despite these various players, a small business can still form as a corporation and the Shareholder, Board of Directors, and Officers can all be one person. In other words, one person can hold multiple positions within the corporation. To create a corporation, you will need to file Articles of Incorporation with the Secretary of State. You will also need to write Bylaws, which are essentially the same as an Operating Agreement. The Bylaws say how the corporation is going to be run and managed and operated. If there are going to be multiple shareholders, then you will probably also want to have a Shareholder Agreement. One of the biggest drawbacks of a corporation is that corporations are subject to double taxation. When money comes into the business it is taxed at the corporate rate as income to the corporation, then when money is distributed to the shareholders, it is taxed again as dividends to the shareholders. Finally, just like an LLC, the corporation provides liability protection to the Shareholders, the Board of Directors, and the Officers in most instances. Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 Thumbs up & subscribe if you want more AUIYB! The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved.
Views: 194839 180 Law Co. LLC
Business Studies - Legal Structure Structure: Business Exam Tips
 
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Get Unlimited Access to GCSE Tutor Videos & Online Revision Here for £19.99: http://www.revisionapp.co.uk/product/online-gcse-revision. The legal structure a business chooses is fundamental to the way it operates. This legal framework determines who shares in the profits and losses, how tax is paid, where legal liabilities rests. It also determines the nature of a business' relationships with business associates, investors, creditors and employees. There are three options for a business' legal structure: Firstly, sole traders. These are individuals who run an unincorporated business on his or her own. Sometimes otherwise known as a "sole proprietor" or (in the case of professional services) a"sole practitioner". Examples of these are mobile hairdressers, plumbers, market traders etc. Sole traders are legally allowed to have paid staff but have full responsibility in financing them from their own pockets. This may be from loans or savings. However, they'll always have full control of the business and take all the profits! One of the benefits of being a sole trader is that it's the most straight-forward option. Individuals are taxed under the Inland Revenue's Self-Assessment system, with income tax calculated after deduction for business expenses and personal allowances. One of the disadvantages of being a sole trader is that they face unlimited liability for their debts. There is no legal difference between the business and the owner. If the businesses is in trouble, so is the owner! An alternative option is to incorporate a company. This will give the business a separate legal identity from the owners. Profits and losses are the company's and it has its own debts and obligations. Unlike sole trading, the company continues despite the resignation, death or bankruptcy of management or shareholders. An incorporated company also offers the best vehicle for expansion and the potential for investment from outside sources. The two main types of companies are private limited companies and public limited companies. Private limited companies are often small, family run businesses which are owned by shareholders. Every shareholder must have involvement in the business and none of the shares are allowed to be sold to the public. Public limited companies (also known as PLCs) are a much larger type of joint-stock company. They can sell its shares on the Stock Exchange to the public and can raise a lot more finance. The third structure is a partnership. A partnership is an association of individuals and generally there will be between 2 and 20 partners. Common examples of a partnership include doctor's surgeries, veterinarians and solicitors. Unlike an incorporated company a partnership does not have a "legal personality" of its own. This means that each partner is responsible for the debts of the partnership. Normally, partners share the profits equally. Therefore the operation of a partnership is usually governed by a "Partnership Agreement" which details the responsibilities and rights of each partner. It is really important that if you enter a partnership, you pick the right people!
Exploring business entity types | Small business | lynda.com
 
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So you want to start a small business. How should you structure it? Learn about business entity types such as sole proprietorships, partnerships, and corporations, and explore the benefits of each in this tutorial. Watch the follow-up movies at http://www.lynda.com/Business-Business-Skills-tutorials/Small-Business-Secrets/156584-2.html?utm_campaign=UEGkczPJJ9Q&utm_medium=social&utm_source=youtube-earned. This specific tutorial is from the Small Business Secrts series presented by lynda.com author Dave Crenshaw. This series covers small business topics such as getting started, writing a business plan, determining your most valuable product or service, hiring people, managing processes, documenting systems, bootstrapping, seeking funding, accounting, controlling costs and profit margins, marketing, creating culture, and more.
Views: 17362 LinkedIn Learning
Business Type vs Business Legal Structure
 
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Create an AMAZING Business: https://goo.gl/kpVUD2 What is the difference between a business type, and a business legal structure? Can a freelancer work as a corporation? Learn web development fast: https://shop.killervideostore.com/ Learn Python 3 fast: http://www.killervideostore.com/python/ My Instagram: https://www.instagram.com/stefanmischook/?hl=en Thanks! Stef
Views: 1053 Stefan Mischook
Business Entities and Structures Explained - Sole Proprietor, Partnerships, LLCs, & Corporations
 
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Blog: https://icanlawyer.com/2018/02/08/comparing-business-structures/ Attorney Michelle Hardin from Hardin Law, P.A. continues the I Can Lawyer™ Business Law Series by explaining six major business entities. Specifically, she reviews the advantages and disadvantages of the sole proprietor, the general partnership, the limited partnership ("LP") the limited liability partnership ("LLP"), the limited liability company ("LLC"), and the corporation. In this video Michelle Hardin, Esq. reviews the tax advantages, the membership advantages, the management advantages, and the liability advantages of each business type. She answers important questions like "Is a corporation more likely to be audited than a sole proprietor?" "Which business structure will protect you the most from personal liability?" "Will it cost me more money to start or maintain a corporation?" For convenience I Can Lawyer™ has released an easy reference chart listing all the advantages and disadvantages reviewed in this video at https://icanlawyer.com/2018/02/08/comparing-business-structures/. If you don't know what steps you need to take in order to start forming your business, or if you need a quick review of what steps you should be taking to legally form your business, make sure you watch last week's video at https://youtu.be/yNXxzaKSJY0. This video is an I Can Lawyer™ production. The lawyer featured in the Business Law Series is Michelle Hardin, Esq. located in Miami, Florida. You can contact Michelle Hardin through her website at http://www.hardinlawpa.com or by calling (833) 309-3030.
Views: 1650 I Can Lawyer™
How To Choose A Legal Structure For Your UK Company
 
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When you start a business in the UK one of the first things you have to do is decide how you want to structure it. This can be quite daunting if it is you first time however the choices are relatively simple. For a transcription of this video go to http://twoschmucks.com/guides You can find guides, tips and strategies for all stages of your business at http://twoschmucks.com. From planning a concept through to exit strategies, you can find it here. If you enjoy this video then please Like, Share and Subscribe.
Views: 4450 Two Schmucks
Introduction to business 1: Business structures
 
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Should you operate your new business as a sole trader, partnership, or company? In this animated video, Inland Revenue explains three common business structures.
Forms of Business Ownership
 
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-- Created using PowToon -- Free sign up at http://www.powtoon.com/ . Make your own animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 84205 Jessica Blaisdell
Business Studies - Organisation Structure: Business Exam Tips
 
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Get Unlimited Access to GCSE Tutor Videos & Online Revision Here for £19.99: http://www.revisionapp.co.uk/product/online-gcse-revision. Businesses can be very complex organisations with many hundreds or thousands of people working in them in many different roles. In order to manage their resources effectively, businesses must have clear organisational structures in place. Organisational structures include the different relationships between people in an organisation. For example in some cases, an employer might want to have a very formal relationship between people in the organisation in others it might be more relaxed. This happens in every day life too. Think about any organisation you're a part of. Do you call the other people by their first names? Do you call them by their title? What about the other members themselves? Do they call each other 'Mrs D', 'Dr X' or 'Mr M' or do they refer to each other by their first names? How do they refer to the the person leading the organisation? Different levels in a business are referred to as hierarchies. A hierarchy occurs where people are given some sort of title or rank that signifies their importance in the organisation. All businesses have employees working at different levels of responsibility. At the bottom, a business depends on its operatives to produce the products or services. Team leaders often perform the day-to-day management role, with operational managers setting direction and strategy for the business as a whole. The number of employees in each level will depend on the business' organisational structure. It is important to determine who takes responsibility for decision making, who reports to who and who to blame when things mess up (or who gets the pat on the back if things go well!) There are three typical organisational structures. They are known as hierarchical, flat and matrix. A hierarchical structure is typical in large companies where each level of employee reports upwards and each level has a narrow span of control. The downside of this type of structure is that it can often lead to significantly slower communication and decision making. A flat organisational structure has much less levels of hierarchy and wider spans of control. This means employees at each level can communicate with managers more easily and quickly. However, this usually means that workers take more responsibility for decision-making. The benefits of this are that it may encourage a more dedicated and motivated workforce. Typically this type of structure is used in small businesses and start-ups. A benefit of this structure is that it allows the business to change rapidly to respond to the market, customers or competitors. However, this only applies if the staff are well trained and are actually capable of making the changes. Lastly, a matrix structure gathers employees who hold the relevant expertise in order to help the business to meet its goals. The people selected come from different levels and departments within the business. The structure can be used in both hierarchical and flat organisations and are typically used for specific projects. Individual team members may come from different parts of the business, regardless of their usual location in the hierarchy. Obviously once a project is over the matrix will be disbanded.
Choose the right legal structure for your business
 
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Introduction to the common types of legal structures for businesses. Further information: https://www.nibusinessinfo.co.uk/content/choose-right-business-model-and-legal-structure
Views: 3535 nibusinessinfo.co.uk
Types of Business Organizations
 
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Types of Business Organizations: This short video discusses the four main types of business organizations. It will also provide some advantages and disadvantages for the types of organizations.
Views: 78177 Daniel Mares
Bee Business Bee Ownership Types Presentation
 
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Join BeeBusinessBee in this short presentation that looks at the different types of business ownership structure that exist. This session if perfect for all Business Studies students studying; BTEC Business, GCSE Business or AS/A Level Business. Business Ownership types covered in this resource include; Sole Trader, Partnership, Private Limited Company (Ltd) and Public Limited Company (PLC). The concept of unlimited and limited liability are also covered in this presentation. More resources can be found at; www.beebusinessbee.co.uk
Views: 32265 Bee Business Bee
Different Types of Business Entities
 
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Any activity which is carried out on a continual basis for the purpose of gain is required to be registered with ACRA. This video explains the different types of business entities that are available for registration: ◾Business ◾Company ◾Limited Liability Partnership ◾Limited Partnership Watch more videos from ACRA Registration of a Local Company: https://youtu.be/UQZY2JOgYag Registration of a Business: https://youtu.be/acL2BQxz0Ao Registration of a LP: https://youtu.be/InmVnWjUDpU Registration of a LLP: https://youtu.be/aZohizeIPuA Related Playlists Business Registration: https://bit.ly/2KW3ow8 How-to Guides: https://bit.ly/2IjXTW9
Views: 30803 Acra
4 Types of Business Structure | Sole Proprietorship | Corporations | LLC vs Corporation
 
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NEED MORE GUIDANCE WITH VISA AND INCORPORATION? http://www.immigrationbizacademy.com BUSINESS STRUCTURES First, you have to decide what type of structure is the best for your business. The main types are Sole Proprietorship, Partnership, Limited Liability Company, and Corporation. A sole proprietorship is the simplest structure chosen to start a business. It is an unincorporated business owned and run by one person with no distinction between the business and you, the owner. You are entitled to all profits and are responsible for all your business’s debts, losses and liabilities. You do not have to take any formal action to form a sole proprietorship. As long as you are the only owner, this status automatically comes from your business activities. But like all businesses, sometimes you need to obtain the necessary licenses and permits – it depends on nature and location of your business. Partnership is a simple business formation, where two or more people share ownership. Each partner contributes to all aspects of the business, including money, property, labor or skill. In return, each partner shares in the profits and losses of the business. It is created by an agreement, and in most U.S. states, without requiring a public filing. Limited Liability Company (LLC) is a corporate structure where the members of the company cannot be held personally liable for the company's debts or liabilities. Limited liability companies are essentially hybrid entities that combine the characteristics of a corporation and a partnership or sole proprietorship. While the limited liability feature is similar to that of a corporation, the availability of flow-through taxation to the members of an LLC is a feature of partnerships. Corporation can be a C-Corporation or a S-corporation. C-Corporation (C-Corp, Inc., Incorporated) is legally viewed as an individual entity, separate from its owners - shareholders. This means that when the corporation is sued, shareholders are only liable to the extent of their investments in the corporation. Any debts that the corporation may acquire are also viewed as the corporation's responsibility. An S corporation (sometimes referred to as an S Corp) is a special type of corporation created through an IRS tax election. As a non – resident alien, you cannot be a shareholder in S – corporation so we will focus only on C-Corp. But the most common entities for investors who are coming to the USA doing business are LLC and C- Corporation. Therefore, we will now on focus on these two types of business structures and their advantages/disadvantages. ABOUT THE FOUNDER ☑️ Marieta Oslanec, Esq is an Attorney, Entrepreneur, E-2 Visa Investor, Author, Founder of ImmigrationBIz, an international law firm, and her main focus is to help foreign investors and entrepreneurs coming to the U.S. to start living their American Dream. Her business and story were featured in Forbes, CBS, Playboy, Pravda, EMMA, WOMANMAN, LA Start-up Magazine. SAY HELLO☑️ Contact our office at [email protected] Connect with Immigrationbiz at facebook: https://www.facebook.com/immigrationbiz/ Connect with Immigrationbiz on Twitter @Immigrationbiz1 Connect on Instagram: https://www.instagram.com/immigration... JOIN OUR COMMUNITY ☑️ https://www.facebook.com/groups/20372... FREE RESOURCES☑️ Get a FREE EBOOK at www.immigrationbiz.com. If you like this video, please LIKE, SHARE, AND SUBSCRIBE. ✔️✔️✔️ Thanks for watching! ImmigrationBiz
Views: 2060 ImmigrationBiz
Partnership or Company? Which Business Structure is right for your Business?
 
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Legal Practice Manager Ursula Hogben takes time out to give you a brief overview on the different types of Business Structures that are available. Discover why a Partnership or a Company may be better for your Business. Partnership or company? Which business structure is right for your business? A partnership is a legal relationship between two or more businesses, not a separate legal entity. What does this mean? It means as a partner in a partnership, you are jointly and severally liable for any debts of the business. This means that your personal assets are at risk if you are a partner in a partnership. There is a Partnership Act in each State and Territory of Australia that covers partnerships but its also very wise to have a Partnership Agreement that sets out in detail the rights and responsibilities of the partners and how the partnership will operate. However, in contrast, a company is a separate legal entity. This means that generally speaking, the shareholders have limited liability rather than personal liability for the company. A company is generally owned by the shareholders and operated and managed by the directors. The shareholders appoint the directors. The rights and obligations are generally set out in the Shareholders Agreement between the shareholders. If you would like any assistance deciding whether a company or partnership is right for you and with the legal requirements required, please contact us at https://legalvision.com.au.
Views: 1060 LegalVision
What Type Of Small Business Legal Entity Should You Form?
 
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Corporation? LLC? Partnership? Canton Ohio Attorney Richard Nicodemo discusses the various legal entities a small business can form, and the one big issue you need to consider before you choose any one of them. Nicodemo And Wilson, 330-452-8831. 124 15th St.N.W. Canton, Ohio 44703.
Views: 1229 nicodemoWilson
Business Law 9.2: Selecting a Business Structure
 
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What are the advantages and disadvantages of each type of business structure? Table of Contents: 00:00 - Business Law 9.2 Selecting a business structure 00:02 - Business structures 00:26 - Business structures 00:45 - Sole trader 01:31 - Sole trader 02:29 - Partnership 03:29 - Partnership 03:59 - Partnership 04:58 - Partnership 06:18 - Partnership 06:47 - Partnership 07:18 - Company 07:47 - 08:26 - Company 09:11 - Company 10:12 -
Views: 1316 Nick James
Types of Business structure in India, Partnership, LLP,  PVT. LTD. & Proprietorship
 
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Business Structure in India by Legalraasta. To know more about Types of Business structure in India, Partnership, LLP, PVT. LTD. & Proprietorship, visit https://www.legalraasta.com/types-of-business-structures-in-india-partnership-llp-pvt-limited-proprietorship/
Australian Business Structures
 
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Overview of Australian business structures.
Views: 14916 PencilPitch
Choosing the Right Legal Structure for Your Business
 
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Choosing the Right Legal Structure for Your Business - You must choose a structure for your business. This structure will define your legal responsibilities, like: the paperwork you must fill in to get started the taxes you’ll have to manage and pay how you can personally take the profit your business makes your personal responsibilities if your business makes a loss You can change your business structure after you’ve started up if you find a new structure suits you better or saves you money. Types of business The main types are: sole trader limited company business partnership You can form an ‘unincorporated association’ if you’re setting up a small organisation like a sports club or a voluntary group and don’t plan to make a profit. You can use other structures for businesses that help people or communities, eg ‘social enterprises’. https://www.gov.uk/business-legal-structures/overview http://callietimothy.com/ Learn More on: https://www.youtube.com/playlist?list=PLD-fVNHkAoWERcT2SdgifXHu26oSrTFrg
Views: 1016 callie timothy
Best Legal Entity for Real Estate Investing
 
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Discover the best legal entity if you are going to be investing in real estate
Views: 247663 Phil Pustejovsky
Starting a Homestead Business: Legal Structure and Tax Filing
 
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When thinking of starting a homestead business - a farmstead - it can be confusing as to whether you should structure your business as a sole proprietorship, LLC (with an IRS 2553 declaration), or S-corp. In this video I share our experience with these different types of structures as well as the pros and cons of each. None of the content in this video is legal advice. Please consult an attorney and a CPA for legal advice. If you have received any value from this video, please consider supporting our work through our amazon affiliate link and/or through Patreon Patreon link: https://www.patreon.com/grassfedhomestead Amazon Affiliate link: https://www.amazon.com/shop/thegrassfedhomestead
Corp 101: The Basics of Corporate Structure
 
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http://businessroundtable.org/ Corporations 101: The Basics of Corporate Structure. Check back soon for more on the inner workings of corporations. https://www.facebook.com/BusinessRoundtable
Views: 224982 Business Roundtable
Creating Your Business Organization Structure
 
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Here's a short video to help you create a compelling organization chart for your business.
Views: 92565 Rich Allen
Types of legal business structures - Year 11 VCE Business Management - AOS3
 
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A video created by Year 11 Business Management students on the types of legal business structures such as sole trader, partnership, private limited company, public listed company and the factors affecting choice of business structure
Views: 469 Bryce Flannery
Choosing your business structure: Tax basics for small business
 
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This video explains the business structures available to you when you run a business and how tax may apply to the different structures. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Tax Difference between LLC and S-Corp - LLC vs. S Corporation explanation (FREELANCE TAX & 1099 Tax)
 
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Best LLC vs. S-Corp walk through on the internet! If we added value, consider supporting me and my family on Patreon. We're committed to creating free business, tax and accounting content, and we're thrilled that we've had the support of our little community! https://www.patreon.com/feedbackwrench/ Follow us at: Twitter - https://twitter.com/feedbackwrench Facebook - https://facebook.com/feedbackwrench Instagram @feedbackwrench What's the tax difference between an LLC and an S-Corp? What's better, an S Corp or an LLC? How to convert to an S Corporation? Are there tax savings when you become an S-Corp? What business type should I be? How to choose a business type? There are dozens of questions that people have concerning their business entity type. The bottom line is that people are usually trying to pay their fair share and not a penny more - that's the most important thing to them. If you're looking for tax planning advice, ways to reduce your taxes, legal tax loopholes, the best tax loopholes for small business or the best tax write offs for small business - the foundation starts with your business entity type. You should make a wise decision about becoming a limited liability company taxed as a sole proprietor or an S-Corp, because it might save you in self employment, social security and medicare taxes. Social security taxes for an S-Corp are important to figure out! So is figuring out the medicare taxes on an LLC or an S-corp. We hope this video helps you out a ton!
Views: 299008 FeedbackWrench
Business Legal Structures
 
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A host of legal issues are associated with starting a business including those that governbusiness formation. This session will examine matters such as the types of business formation (LLC, LLP, S Corp, etc.), and pro- vide a directional map to opening the doors of your company based on your assessed needs.
Views: 83 HEDCO, Inc.
The Best Legal Entity for Real Estate Investing
 
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The Best Legal Entity for Real Estate Investing As a real estate investor, it’s a wise decision to purchase your rental properties within a legal entity. Doing so provides protection to your personal assets, and provides enormous tax benefits. But is there a legal entity that is best for real estate investing? In this video, I’ll discuss the different types of legal entities, and how to choose which is best for your real estate investing business. I’ll share the importance of consulting with lawyers and accountants when making this decision. You’ll also learn exactly how I’ve been advised to set up my business entities, including in which states, and how many properties each entity supports. BOOK A FREE CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/DNIIh0 CHECK OUT OUR OTHER GREAT VIDEO PLAYLISTS LIKE: VIDEOS ABOUT TURNKEY REAL ESTATE INVESTING: https://goo.gl/1bGEhB OR VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://goo.gl/dPfWeY OR VIDEOS ABOUT REAL ESTATE NEWS https://goo.gl/m1b3U8 SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://goo.gl/Polf6I LISTEN TO THE PODCAST: iTunes: https://goo.gl/vM969n FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 18875 Morris Invest
Choosing Your Legal Business Type
 
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Watch the latest from New Venture Mentor: "How to Beat Your Bigger Competitors in Attracting and Retaining Top Talent" https://www.youtube.com/watch?v=b4OD44N7a6k --~-- This video discusses the pros and cons of different business types including sole proprietorships, partnerships, corporations, and limited liability companies.
Views: 7913 Cate Costa
Root Access: Ownership structure of your startup
 
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What is the right ownership structure for a startup? How much should founders, investors and employees own? Should anyone have a controlling stake? What types of shares are there? Fortunately Don Dodge, Googler and veteran startup advocate, is here to answer these questions. For more Root Access, see our playlist: http://www.youtube.com/playlist?list=PLOU2XLYxmsILjw2c4ImxWXvi4vPrLCjYv
Views: 11028 Google Developers
Business Startup Tips - LLC vs S Corp: Which is better to minimize tax?
 
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Business Startup Tips - LLC vs S Corp: Which is better to minimize tax? ONLINE COURSE - Complete Guide to Choosing the Right Business Structure http://bit.ly/2cm5EYI JOIN 1,000+ STUDENTS WHO HAVE CHOSE THE CORRECT BUSINESS STRUCTURE FOR THEIR BUSINESS & INCORPORATED THEIR BUSINESS ON THEIR OWN! Are you an entrepreneur, online business owner, or small business owner? Are you confused about how to start your business? Do you want to know the difference between a Sole Proprietorship, Limited Liability Company, or Corporation? This course is a comprehensive overview to help you understand the differences and advantages and disadvantages of the most common business types, including: Sole Proprietorship, Partnership, Limited Liability Company LLC, C-Corporation, and S-Corp. Most people are surprised to find out that you don't need a business lawyer to choose and form the correct business structure for your business. For less than the cost of one-hour of legal work, you’ll be in great position to start your business and save money on a business lawyer. All businesses are taxed on their net profit (or loss) which is computed by taking sales less allowable deductible expenses. An LLC's tax is paid on the owner's individual tax return based on percentage of ownership in the company. If you are a 50% owner of an LLC, with $120,000 of net profit, you pay tax on 50% of that net profit($60,000) on your personal tax return. An S Corporation pays a reasonable salary to the working owner of a business. Then any remaining profit or loss (after subtracting the salary to the owner as a deductible expense) flows through to the owner's personal tax return. Say you are a working 50% owner of a profitable business and you are paid $50,000 in salary. The corporation has $20,000 of net profit of which you are entitled to 50%; therefore, on your personal tax return you would pay tax on the salary of $50,000 plus $10,000 profit which equals $60,000 in total taxable business income. Something else to consider is that if you start with an LLC entity the tax law allows you to switch tax free to an S Corporation once you are an LLC. But, you can not do the reverse. Once you are an S Corporation, you can not switch to an LLC. There are always other tax, legal and financial considerations that should be taken into account when making such an important decision. The video also discusses the need for having a buy-sell agreement, employment contracts. https://www.youtube.com/channel/UCIypuA7lS-FsVG6cMlNCK2w?sub_confirmation=1 Check out some of our other videos Compensation claims - how long should it take https://youtu.be/NuxfrgSTg78 LLC vs S Corp https://youtu.be/4xNCnf9hitw
Views: 10580 The Business Channel
LLC or Corporation: Which is Better
 
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Curious which is a better entity structure for your business, an LLC or Corporation? The answer depends on your business goals, as both entity types have pros and cons. Part of video series entitled Genesis Law Firm Teaches. For more free legal guides, visit http://www.genesislawfirm.com and click on the 'resources' tab.
Views: 39780 Genesis Business
How to Start a Business in US: Types of Business Entities
 
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Selecting the most suitable legal business structure is the first and foremost step in setting up a business in USA. The relative advantages of various options explained here should help foreign entrepreneurs make an informed decision. Visit http://www.VisaProLaw.com and request a FREE Case Evaluation today in case you are deliberating over opening a business in the United States or wish to enter the US to invest in, manage or work for an existing business enterprise. FREE Immigration Consultation: http://www.visaprolaw.com/us-immigration-service/immigration-free-consultation VisaPro Immigration Law Firm - http://www.visaprolaw.com
Business Structures in The UK: 'Why You Must Have One' - Part 1 - Business Structure By Boomy Tokan
 
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$10 (Limited) Coupons To My Business Planning and Marketing Courses: Business Plan: Learn It Fast! https://www.udemy.com/business-plan-learn-how-to-create-it-in-1hr/?couponCode=YOUTUBE2017 Business Plan: For Startup & Small Business Success! https://www.udemy.com/how-to-write-your-first-business-plan-with-cashflow-forecast/?couponCode=YOUTUBE2017 Smart Goal Setting: How to Create The Future You Want Today https://www.udemy.com/goal-setting-start-creating-the-future-you-want-today/?couponCode=YOUTUBE2017 5 Step Marketing Plan - Get More Customers & Make More Money https://www.udemy.com/5-step-marketing-plan/?couponCode=YOUTUBE2017 Business Structure So what is a business structure: Business structures are predetermined processes established by the government of each country through which a business chooses to govern itself, become liable for tax and keep important financial records. It is a mouthful because I am trying to get everything into it. In other words a business structure is: 1. Established by the government 2. Helps an individual starting in business to be free to choose the structures they prefer (as long as they meet the criteria) 3. In place to determine the time and method of taxation By Law Every Business Must Choose A Business Structure! Everyone willing to start a business must choose the vehicle through which he/she hopes to build, manage, pay tax, enjoy tax breaks & exemptions for the business. Sometimes it is possible that the manner in which you plan to raise funds will eventually dictate the type of business structure you choose. Again, the business activity plus the end objectives can also influence considerably the type of business structure you choose. If your activities will be pure charitable without the concern of keeping profits for yourself then, the structure chosen will be different from that of the person who wants to build a business for pure profit. I must also remind you that the business experience of the individual might also influence the business structure. What I mean is that for someone new to entrepreneurship, having a limited company might make them confused, scared, and terrified rather aid the smooth running of the business. Such a person might be better choosing the Self-Assessment route instead of choosing to set up a limited company. The good news is that none of the business structures chosen are cast in stone. It is possible to always change the structure you choose if you or your business has outgrown the process. In the UK there are several types of business structures; the common ones are: 1, Self-Assessment aka Sole Trader aka Self-Employed 2. Limited Companies aka Ltd. aka Limited by shares 3. Charities aka CIO’s, aka Charity 4. Limited by Guarantee Companies 5. Community Interest Companies aka CIC 6. Partnerships 7. Limited Partnerships In this video we will discuss Self-Assessment aka Sole Trader aka Self-Employed More Info: https://www.sba.gov/category/navigati... - USA https://www.gov.uk/business-legal-str... - UK ========================================= Products on Udemy A Simple Business Plan Template To Supercharge Your idea! https://www.udemy.com/supercharge-you... "The Perfect Business Plan: That Wins The Investors Hearts!" https://www.udemy.com/how-to-write-yo... Facebook Secrets: How I Got 30,000 Likes At Very Low Cost https://www.udemy.com/how-i-went-from... Learn Cashflow Forecasting in 5 Easy Steps https://www.udemy.com/cashflow-foreca... =========================================== My Amazon ebooks and Audio http://bit.ly/Amazon-Boomy-Tokan-Book... ========================================= Need help with your business? Business Consulting email [email protected] Let me know how I can be of help ========================================== Contact Boomy Tokan Start Your Own Business Academy.com 395 Barking Road London E13 8AL T: +44 7932 394 620 E: [email protected] FB: https://www.facebook.com/startyourown...
Types of Ownership - Sole Trader & Partnership - Business LC
 
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This video tutorial looks at the advantages and disadvantageous for Sole Traders & Partnerships.
Views: 1198 ExamRevision
What type of legal entity should my business become?
 
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Discusses sole proprietorships, partnerships, C-corporations, S-corporations and LLC's and their tax consequences. For more information, visit ParrottCPA.com.
Views: 350 ParrottCPA
The Best Structure for a Partnership | Mark J Kohler | Tax & Legal Tip
 
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Sign up for my weekly newsletter to download my FREE E-book "The 10 Best Tax-Saving Secrets Everyone Should Know" or schedule a FREE 15 Minute Interview with an Attorney or CPA from my team! Visit http://markjkohler.com/youtube Follow me on my social media with DAILY and WEEKLY Tips and Blog Articles, and also catch me surfing at http://www.markjkohler.com/social. To purchase my new book: "The Tax and Legal Playbook" please visit the Entrepreneur bookstore here: http://amzn.to/1cWlhor Check out my Law Firm KKOS Lawyers at http://www.kkoslawyers.com Visit my Accounting Firm K&E CPAs at http://www.ke-cpas.com Help us caption & translate this video! http://amara.org/v/aTj1/
Views: 8965 Mark J Kohler
Business| and Types| of Business Organizations|
 
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BUSINESS' A business can be organized in one of several ways, and the form its owners choose will affect the company's and owners' legal liability and income tax treatment. Here are the most common options and their major defining characteristics. 1-Sole Proprietorship The default option is to be a sole proprietor. With this option there are fewer forms to file than with other business organizations. The business is structured in such a manner that legal documents are not required to determine how profit-sharing from business operations will be allocated. This structure is acceptable if you are the business's sole owner and you do not need to distinguish the business from yourself. Being a sole proprietor does not preclude you from using a business name that is different from your own name, however. In a sole proprietorship all profits, losses, assets and liabilities are the direct and sole responsibility of the owner. Also, the sole proprietor will pay self-employment tax on his or her income. 2-Corporation Like the LLC, the corporate structure distinguishes the business entity from its owner and can reduce liability. However, it is considered more complicated to run a corporation because of tax, accounting, record keeping and paperwork requirements. Unless you want to have shareholders or your potential clients will only do business with a corporation, it may not be logical to establish your business as a corporation from the start - an LLC may be a better choice. 3-Partnerships (LLP) A partnership is a structure appropriate to use if you are not going to be the sole owner of your new business. In a general partnership, all partners are personally liable for business debts, any partner can be held totally responsible for the business and any partner can make decisions that affect the whole business. In a limited partnership, one partner is responsible for decision-making and can be held personally liable for business debts. The other partner merely invests in the business. Although the general structure of limited partnerships can vary, each individual is liable only to the extent of their invested capital. 1- facebook https://www.facebook.com/danish.siddique.58760608 2- whatsapp 0313-9955506 3- email [email protected] [email protected] 4- channel link 1- https://youtu.be/zvTUq7XyLAs 2- https://youtu.be/--RvpV6IBS8 3- https://youtu.be/YsnZoVwLnpY 5 RESOURCES LINK https://www.kcsourcelink.com/...business/...business/forms-of-business-organization THANKX FOR WATCHING...#DANISHSIDDIQUE786
Views: 128 DANISH SIDDIQUE
How to Setup a Business in India
 
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How to start a business is always a big challenge for any one. Having decided about the type of business, the next challenge is its legal structure and various pre-requisites. This video gives you a complete idea of the basic regulatory structure for each business entity, depending on the nature of your business. Proprietorship being the simplest of all, for one man runs the business with limited capital requirements and resources. Registered Partnership Firm (under the Indian Partnership Act, 1932) or Limited Liability Partnership (under the Limited Liability Partnership Act, 2008), depending on the understanding the partners desire to have amongst them. A Private Limited Company or Limited Company (under the Companies Act, 2013) and their requirements in terms of documentation, directors’ registration, capital structure, opening a bank account etc. A brief run through all the legal structures will help you make a decision on the legal structure that best suits you and your business. ☞ Subscribe to our Channel: https://goo.gl/YqDpAu ☞ Like us on Facebook: https://goo.gl/QOJGSB ☞ Follow us on Twitter: https://goo.gl/xEJeXw ☞ Circle us on G+ https://goo.gl/zIDGA9
Which Business Entity is Best for You
 
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Discover how to choose the right business entity for your business. During this webinar you will discover which business entity is truly best for you and your business. You will discover how choosing the right entity can eliminate your liability and provide you massive tax benefits. In this webinar you will learn everything you will want and need to know regarding business entities such as partnerships and corporations. You will discover: • What truly is the difference between business entities- and how to know which entity is best for your business • How your entity affects the taxes you pay- and which entities make it possible for you to pay lower taxes • Which entitles eliminate your personal liability- so you aren’t liable for your business debts and for possible litigation • Which types of companies file federal entitles instead of state entitles- and the special requirements that federally filed entities must meet • How sole proprietorships really work in relation to a normal corporation- and how you can be solely responsible for your company’s debts as a sole prop • How partnerships really work- and the difference between General partnerships, limited partnerships, limited liability partnerships, and limited liability limited partnerships or LLLPs • What a LLC truly is- for sure it is NOT a corporation as many think that it is, something you must know • 3 types of corporations you will want to make sure you know about- each type has its own very specific tax ramifications • What a DBA really is and how it’s looked at in the corporation world- don’t even think of filing for a DBA until you see this webinar • The best entities to file for business credit building- how to REALLY get credit for your business with absolutely no liability whatsoever This will be a powerful webinar that every business owner should attend even if you have already filed for your entity. Limited spots are available, so register today to reserve your seat! Interested in building your business credit? Check out this link to access your free, step-by-step guide, on building credit for your EIN that’s not linked to your SSN… with no personal credit check. http://www.creditsuite.com/eincreditguide Aug. 14, 2015 by, Ty Crandall Credit Suite
Views: 3994 Credit Suite
Choosing the Right Legal Structure
 
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An HMRC guide to choosing the most suitable legal structure for your new business. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Why not ask a question or share your experiences on HMRC’s Small Business Forum? You can find it here: https://online.hmrc.gov.uk/webchatprod/community/forums/list.page Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 10106 HMRCgovuk
10 Different Roles Within a Company
 
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Subscribe to the channel: http://www.youtube.com/valuetainment?... The bigger your vision is, the more important it is for you to build a team. One of the challenges that people have is they want to be something they're not. Everybody wants to be the Shaq or the LeBron or the Kobe instead of realizing their area of strength. In this video, I talk about the following 10 different roles in a company. Biz Dev - 1:14 Visionary - 2:19 Operations - 7:01 Finance - 7:49 Expansion - 8:15 Marketing - 9:36 Legal - 10:55 Information - 11:51 Product Development - 12:47 Sales - 14:13 Visit the official Valuetainment Store for gear: https://www.valuetainmentstore.com/ For more information and for detailed notes for this episode, visit http://www.patrickbetdavid.com/roles-within-a-company/ Valuetainment- The best channel for new, startup and established entrepreneurs. Schedule: New episodes every Tuesday and Thursday on a broad array of entrepreneurial topics.
Views: 59716 Valuetainment
Types of Feasibility Study
 
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Explain various types of feasibility study. There’re four types of feasibility study, described below. - Technical: Technical feasibility is study of available technical resources at disposal and how we can make use of these resources to introduce a product or service The following are the various resources that are examined under technical feasibility. - Technology (both software and hardware) - Manpower - Transportation - Location etc - Financial: This includes the assessment of - Initial investment - Various sources to procure the capital - ROI (return on investment) - Market: This includes assessment of - The type of industry being setup - Prevailing market - Future market growth/prospects - Competitors - Potential Customers - Projection of sales - Organizational: The organizational feasibility focuses on whether the business is capable of meeting its goals or objectives or not. This includes the study of - how the business is structured - legal structure of the business - the management team’s competency, professional skills and experience Additional content on this topic can be found at http://www.eduxir.com/curriculum/cbse/class-xi/entrepreneurship/entrepreneurial-journey/
Views: 29500 Eduxir
How I Chose a Legal Business Structure
 
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How do you choose the right #business structure? Sole Proprietorship, Partnership, Corporation or an LLC? I share my story of how I learned the difference between each one and which structure I chose that was best for my freelance business. 2:46 = Sole Proprietorship 3:33 = Partnership 6:55 = LLC (4:10) 4:25 = Corporation 5:40 = S-Corporation 8:24 = A Summary What is the best business structure for a freelancer and what is the difference? Episode Notes: http://freelancejumpstart.tv/5 https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Business-Structures Make sure to subscribe and look out for new episodes. https://www.youtube.com/nathanallotey?sub_confirmation=1 — Looking to level up in your freelance business? You may need Creative Coaching: http://nathanallotey.com/coaching — Freelance Jumpstart Podcast on iTunes: http://nathanallotey.com/itunesaudio Free Course on How to Double Your Worth: http://respectandvalue.com Like the content? Donate to the Cause: http://nathanallotey.com/donate Executive Producer - Nathan Allotey Typefaces: Proxima Nova — Contact Me My website: http://nathanallotey.com Twitter: http://twitter.com/nathanallotey Facebook: http://facebook.com/TheNathanAllotey Instagram: http://instagram.com/nathan.allotey Google+: https://plus.google.com/+NathanAllotey
Views: 286 Nathan Allotey