LLC vs. S-Corp – how to choose the right one for you
You might be like my client Ben.
For the past 3 years, Ben has been the go-to health coach in his town.
His days are packed with grocery store tours 🛒, hands-on cooking classes, and 1-on-1 in-person health coaching in a local doctor’s office 🧑🍼.
Now Ben is ready to launch into a virtual business model to share his services with clients all over the country.
But Ben’s holding himself back because he has a house and a family and doesn’t want to jeopardize anything in his personal life.
He wondered if he should form an LLC or S-Corp to protect his assets.
But, he didn’t know if he needed one – or which one to get.
Here’s the scoop (exactly what I told Ben):
When you start your biz, you’re officially a Sole Proprietor. You’re considered a solo biz owner without a formal legal entity.
👍🏼The good news? It’s super-simple to be a Sole Proprietor.
👎🏼The bad news? You and your business are one and the same legally. So if something goes wrong, you’re personally liable, including your house, car and 401(k). (Yikes!)
That’s where an LLC or S-Corp comes in.
Both types give you a separate business entity to shield you from liability.
Both legally protect your personal assets like your house and your car.
But, you may be wondering…
🤷How do I know if it’s the right time for an LLC or S-Corp?
🤷What are the differences?
🤷How easy are they to set up – and can they can save me money?
🤷Which one do I need?
Lucky for you, you can get answers right here.
An LLC isn’t right for everyone. And an S-Corp isn’t right for everyone. Just like most things legal, not one-size fits all.
LLCs are more simple to form and maintain.
S-Corps are more sophisticated but give you additional benefits that LLCs don’t.
My DIY Legal Master Class walks you through both types and includes a cool assessment tool so you’ll quickly and easily know which one you need.
So this class is the quickest, most cost-effective way to figure out which you need.
It’s just $97. It’s waaaaaay cheaper than talking one-on-one with a lawyer (even me!)
Check out the DIY Legal Master Class HERE.
Need more info? Have questions about the whole LLC vs. S-Corp thing?
You can always book a free Legal Chat with my team here.
Here’s to understanding LLCs and S-Corps in this speedy Master Class – and walking away knowing which one is right for you!
I love teaching Master Classes because they are a fast and fantastic way to get answers on your own time and very inexpensively. Check out this Legal Master Class to get clear whether you need an LLC or an S-Corp here.
