Business Basics: Get In Formation

What’s better for your business: being a sole proprietor, or filing as an LLC? When forming your business, the choice of structure will depend on multiple factors, including what’s legal in your state. We review the basic entities and suggest resources to research before engaging a professional to finalize this important decision.
Resources:
IRS: Business Structures
IRS: Entities Q&A
IRS Application for Employer Identification Number (EIN)

SBA: Choose Your Business Structure

Find local SBA assistance

Affordable Legal Advice for Beauty Pros (Finally!) with Amy Toepper of Legal In A Box
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A note from your hosts: While we make every effort to provide current and factual information in this podcast, we are not lawyers or accountants. Information contained in this podcast should not be viewed as a substitute for legal or tax advice. We always recommend you seek professional legal and financial advice where required.
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Edited for length and clarity.

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