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#003: How to Choose the Right Legal Structure for Your Business
Manage episode 453393295 series 3614031
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Dive into the crucial world of business structures with Hannah McGinty as she breaks down the pros and cons of different legal entities for creative entrepreneurs. Learn the key differences between Sole Proprietorship, LLC, and S-Corporation, plus get practical insights from Hannah's personal journey through different business structures.
Key Topics Covered:
- Sole Proprietorship: Benefits and limitations for solo entrepreneurs
- Limited Liability Company (LLC): Flexibility and protection features
- S-Corporation: Tax advantages and operational requirements
- Understanding personal liability risks
- Key questions to consider before choosing a structure
- Real-world transition experiences and lessons learned
Resources Mentioned:
Connect With Us:
- Follow Memoir Mastery on all social media platforms and Outsmart the Hustle on IG!
- Host: Hannah McGinty
- Editor: Manuel Mesa
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