LLC or Corporation: Which is Better

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 www.genesislawfirm.com and click on the 'resources' tab.
Genesis Law Firm, PLLC
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Пікірлер: 143

  • @watsmineytogu37
    @watsmineytogu375 жыл бұрын

    He talks like I'm just in front of him. Thank you so much, I've learned a lot from you

  • @estrellavaldez6595

    @estrellavaldez6595

    5 жыл бұрын

    I LIKE YOUR PICTURE❤

  • @jordabox

    @jordabox

    4 жыл бұрын

    Taeee

  • @Ss-zg3br

    @Ss-zg3br

    3 жыл бұрын

    I realize when you tubers use whiteboards their videos tend to feel that way

  • @hammyneal1684

    @hammyneal1684

    3 жыл бұрын

    Love it

  • @KevinThunder7

    @KevinThunder7

    2 жыл бұрын

    Facts

  • @nadimgeorge2312
    @nadimgeorge2312 Жыл бұрын

    This is hands down one of the best explanations I've received in my life.

  • @EverythingHR
    @EverythingHR2 жыл бұрын

    People are the heart and soul of any business. You can have all the brilliant ideas in the world, but without the right people to execute them, they're nothing more than pipe dreams.

  • @susanedionwe7049
    @susanedionwe70493 жыл бұрын

    Over 5 years later and STILL the best video I have ever seen on this topic!

  • @lucreciamora1389
    @lucreciamora13894 жыл бұрын

    All my doubts clarified in 6 min, thank youuu

  • @LifewithPriscilla.
    @LifewithPriscilla.5 жыл бұрын

    I’ve been reading about this for a while now ...maybe I just needed a visual I don’t know but this was the most refreshing and straight to the point example that I needed thank you I learned more here then what I’ve been reading

  • @DrCalebBurgessDPT
    @DrCalebBurgessDPT2 ай бұрын

    Was looking for this exact information all over the internet but no one made it this simple to understand. Thank you!

  • @arshaknorsoyan2617
    @arshaknorsoyan26173 жыл бұрын

    Explained clearly and thoughts are so organized. Thank you!

  • @williamstdog9
    @williamstdog96 жыл бұрын

    Thank you so much sir! I'm SO new to this but am trying to get started and your vid was well worth my time! I will continue to check out some of your other videos but just wanted to say thank you for the professional and concise video. Cheers :-)

  • @driven2succeed141
    @driven2succeed1412 жыл бұрын

    Some heroes don't wear capes! Thank you Sir.

  • @denilsonlopez8260
    @denilsonlopez8260 Жыл бұрын

    This videos was very helpful, he explained everything very clear, I didn't have to be watching the video for like 15 minutes to get the same Information.Thank you

  • @asifmohammed2065
    @asifmohammed20654 жыл бұрын

    Very striaght to the point talk. This boosts my interest to listen to him more on this side. LLC

  • @victoriapapesh6892
    @victoriapapesh68925 жыл бұрын

    Awesome video... Thank you so much... It really helped... I finally understood what someone was saying... Thank you so much for being so clear....

  • @TajhonelleJones
    @TajhonelleJones2 жыл бұрын

    This video was amazing. Broke everything down so well!

  • @dimitribarrow7
    @dimitribarrow75 жыл бұрын

    Exactly what I was looking for. Thanks

  • @fondusportfolio
    @fondusportfolio2 жыл бұрын

    Extremely helpful, thank you for this very straight forward explanation.

  • @Em_Rey
    @Em_Rey5 жыл бұрын

    This was awesome and helpful thank you!

  • @ahmedxh
    @ahmedxh4 жыл бұрын

    Great exclamation looking forward to another video with more details

  • @orquistar
    @orquistar6 жыл бұрын

    Excellent explanation! Thanks!

  • @kscott225
    @kscott2254 жыл бұрын

    thank you so much for this video, it was very helpful.

  • @robertsugarland
    @robertsugarland5 жыл бұрын

    Excellent presentation , I learned a lot ! Well done

  • @stevestone5569
    @stevestone55695 жыл бұрын

    Thank you, that was helpful.

  • @rctjacksonville
    @rctjacksonville4 жыл бұрын

    Very good video, helped me out a lot!

  • @samisami85
    @samisami854 жыл бұрын

    Thanks for such a brief explanation

  • @JenniferA-rg9zb
    @JenniferA-rg9zb3 жыл бұрын

    Very informative! Thank you 😊

  • @rachelhernandez1057
    @rachelhernandez10575 ай бұрын

    Thanks for the info Very helpful 🎉

  • @alsuzy1345
    @alsuzy13455 жыл бұрын

    Great video. Straight forward

  • @OrganicallyLuxeLife
    @OrganicallyLuxeLife4 жыл бұрын

    Thank you for great explanation

  • @ypdtv
    @ypdtv4 жыл бұрын

    Very good information. Thank you.

  • @850samgoody
    @850samgoody Жыл бұрын

    Very easy to follow thank you !!!

  • @THISINDIAN
    @THISINDIAN5 жыл бұрын

    Thank you

  • @alanaasci
    @alanaasci4 жыл бұрын

    Wow! This video was extremely helpful. Thank you for simplifying this and explaining it so well!

  • @gosgraproperties8687
    @gosgraproperties86872 жыл бұрын

    I appreciate your explanation

  • @KevinThunder7
    @KevinThunder72 жыл бұрын

    Great first statment. Depends on the user. Now I will go back to viewing lol. Thank u

  • @mason11198
    @mason111984 жыл бұрын

    Forming LLC and converting to Corp sounds like the best, but I don't trust going public :\

  • @Kromface

    @Kromface

    3 жыл бұрын

    You don't have to go public if you don't want to!

  • @Rocketman6500
    @Rocketman6500 Жыл бұрын

    Thanks for the video guys

  • @skobbejakz270
    @skobbejakz2707 жыл бұрын

    Professional nice. U just got your 20th sub.

  • @ben-si3dk
    @ben-si3dk4 жыл бұрын

    Super helpful, thanks

  • @viviendscleaningservicesll5049
    @viviendscleaningservicesll5049 Жыл бұрын

    Thank you for this video.

  • @baronhippolytussk
    @baronhippolytussk5 жыл бұрын

    Thanks that's really informative. Do you have recommendations for short business courses ?

  • @GurmeetSingh-uv6qo
    @GurmeetSingh-uv6qo2 жыл бұрын

    This how an attorney explain to you thank so much sir

  • @kewlleleven9771
    @kewlleleven9771 Жыл бұрын

    May God bless you, your the best. Thank you so much 💖

  • @hyojinlee
    @hyojinlee Жыл бұрын

    This is great, thank you!

  • @michaelchernobelsky4232
    @michaelchernobelsky42323 жыл бұрын

    Thank you for this

  • @MrDenislopez
    @MrDenislopez4 жыл бұрын

    Thanks for the information Sir...

  • @odneycharles2269
    @odneycharles22693 жыл бұрын

    Thank you for this most informative video. I have one question. How do I convert an S-Corp to an LLC ?

  • @Sunderlingam
    @Sunderlingam2 жыл бұрын

    Well explained.. thank you!

  • @codewriter3000
    @codewriter30004 жыл бұрын

    "it's what the big boys use"

  • @partyfavors9238

    @partyfavors9238

    3 жыл бұрын

    @Eff tee Pee lol

  • @highwayhypnosis8840
    @highwayhypnosis88405 жыл бұрын

    Thank you!

  • @sneakytre13
    @sneakytre134 жыл бұрын

    Thank You ⚡️🙏🏾

  • @Thefunkeemonkee
    @Thefunkeemonkee4 жыл бұрын

    So I am constantly friending new investors who happen to rent properties here and there, but my idea is to get them all together and have them invest in bigger properties as a whole. What type of business should I start base on that idea?

  • @JahangirAlam-dw4kq
    @JahangirAlam-dw4kq Жыл бұрын

    Helpful video. Thanks

  • @venessavuia
    @venessavuia2 жыл бұрын

    Helpful. Thank you.

  • @SoufendMusic
    @SoufendMusic4 жыл бұрын

    So I’m creating two businesses.. A record label that I’m sure would be best to do an LLC with and a company that owns the aforementioned record label, publishing and distribution companies and more.. what would be best for the bigger company I have?

  • @johannermr900
    @johannermr9004 жыл бұрын

    i love you for this

  • @matthewchen7435
    @matthewchen74357 жыл бұрын

    Thank you :)

  • @badoodles08
    @badoodles084 жыл бұрын

    Hello. Ive asked about PLLC going to change to a PC, it is not allowed in state of NY. Is that true?

  • @Unknown-pv6fr
    @Unknown-pv6frАй бұрын

    God bless you Sir

  • @11dremoss
    @11dremoss2 жыл бұрын

    Very informative ✌🏾

  • @10ksubsnovids
    @10ksubsnovids3 жыл бұрын

    I recently started a corporation because I was told it’s convenient for me than the llc

  • @poisonivy208

    @poisonivy208

    3 жыл бұрын

    I’m trying to make the same decision!! Are you happy with your decision

  • @YouJagaloon
    @YouJagaloon6 жыл бұрын

    Is LLC Nationwide (U.S.) or is it state by state?

  • @YO00007
    @YO00007 Жыл бұрын

    Great teacher wow

  • @doublethemoney6193
    @doublethemoney61934 жыл бұрын

    What type of entity do you have?

  • @amazonraw-she-uh4439
    @amazonraw-she-uh4439 Жыл бұрын

    This was helpful

  • @Theundisputedtruth
    @Theundisputedtruth2 жыл бұрын

    Is there a benefit to use a s Corp if I it’s just me and small clothing business , and if I have other business ventures I want to do can I merge them in this. For example if I have the clothing line but then want to use the same name or another business. Under this ? If that makes since ? Last question can a llc use inc in their name or is that only for s and c Corps?

  • @NetanelColish
    @NetanelColish2 жыл бұрын

    tysm!

  • @georgehunter2937
    @georgehunter29372 жыл бұрын

    Can you have a LLC partnership with 3 location all under the same name or do you need to be a corporation too have multiple locations with same name?

  • @Sultyn10x1
    @Sultyn10x12 жыл бұрын

    Thank You!

  • @Thehealthyloveclub
    @Thehealthyloveclub Жыл бұрын

    Love. Bravo. Thank u

  • @jaytassy2974
    @jaytassy29743 жыл бұрын

    I'm start a clothing business, so would it better to open a LLC ?

  • @MaruskaStarshaya
    @MaruskaStarshaya Жыл бұрын

    How does LLC could resemble partnership if it's clearly said in a law that LLC have to have only one owner?

  • @aamirairborne
    @aamirairborne3 жыл бұрын

    I live in India and I've heard that I could establish an LLC in the U.S. as a non-resident. On that basis, could I register an HR Consulting Firm, which has a website, as an LLC in the US, as a non-resident?

  • @unknown-vq1gj
    @unknown-vq1gj4 жыл бұрын

    does the LLC have the same structure as Inc?

  • @nanaadjoa4192
    @nanaadjoa41922 жыл бұрын

    Quick question outside this scope.... If IRS send inquiry to employee that his/her total income wasn't reported, cos the person worked 2 or 3 jobs. Is it the responsibility of the employee or the employer who's provided W2 already to reach out to IRS about the income that''s not reported?

  • @mcege31
    @mcege312 жыл бұрын

    I appreciate you sir

  • @ImVow
    @ImVow3 жыл бұрын

    I’m making my own lawn care business but idk what to used so far I have Elio’s Landscaped Inc. what do you guys think ?

  • @jdfs5261
    @jdfs52612 жыл бұрын

    Very helpful 👍

  • @top10gadgets92
    @top10gadgets922 жыл бұрын

    Thanks

  • @ebonibrabham2853
    @ebonibrabham28533 жыл бұрын

    How do I change from an INC to a LLC

  • @coralrose6506
    @coralrose65063 жыл бұрын

    Great video

  • @thedalillama3143
    @thedalillama3143 Жыл бұрын

    Great info

  • @CJ-pg6ws
    @CJ-pg6ws4 жыл бұрын

    What about Google LLC? I suppose they are big shots too, still being an LLC

  • @revanthk61
    @revanthk612 жыл бұрын

    Can you explain more about "public"? I don't understand what you mean by public.

  • @christopherallencomer5738
    @christopherallencomer57383 жыл бұрын

    Thanks God bless

  • @romulosantos6397
    @romulosantos63972 жыл бұрын

    Why do the big players prefere to have their businesses in a corporation? Is it because of the more structured governance into the business?

  • @Zoe004
    @Zoe0045 жыл бұрын

    thank ou

  • @atulgokuyamaha7
    @atulgokuyamaha72 жыл бұрын

    yo thanks

  • @LK-iy9qw
    @LK-iy9qw3 жыл бұрын

    How many people at minimum should an incorporation have?

  • @andrucollins5028
    @andrucollins50285 жыл бұрын

    Can a non profit be LLC

  • @bronsondiamond2025
    @bronsondiamond20252 жыл бұрын

    THANK YOU THANK YOU THANK YOU (praying hands)

  • @princefowzan
    @princefowzan Жыл бұрын

    can I start a LLC as solo?

  • @kasokachibanga8837
    @kasokachibanga8837 Жыл бұрын

    Is this all over the world? 🌎

  • @Entertainment_Chilli
    @Entertainment_Chilli3 жыл бұрын

    Hi, I'm an Indian. I want to start my own Cosmetic company in US. For foreign citizens how much minimum amount is mandatory to start LLC ? What would be annually organisational expenses including Annual Registration Fee, Business Privilege Tax Return, HR, Account etc ? Other Terms & conditions as per US government norms. Please suggest.... I wanna invest in Foreign. 💯

  • @maridevskey
    @maridevskey3 жыл бұрын

    Thank you for the interested content. In my channel I also discuss the difference between llc and sole proprietor as well as different business related topics that has been asked for many times to me. based on my own experience. I have just checked your video, nice content.

  • @thinkride3873
    @thinkride38735 жыл бұрын

    Subbed.

  • @tupac209ful
    @tupac209ful3 жыл бұрын

    Hello im California ztsrtibg home business llc or corporation?

  • @myallmart
    @myallmart6 ай бұрын

    I appreciate your good work: however these question still bother me. 1-If someone is the primary resident of Maryland and wants to get LLC registered in Delaware, is it illegal or against the state law, not to register it as a foreign entity in MD? 2-How the LLC and his personal income from that LLC will be taxed? And 3- how to avoid double Taxation? Please answer these questions!!! Thank you

  • @valoruniversity
    @valoruniversity2 жыл бұрын

    there are a lot of holes that he left out. There is a difference between S-Corp and C-Corp.

  • @ey5341
    @ey53413 жыл бұрын

    When should I include the LLC? My business is registered. Should I include it on my email signature, business cards, and Google business listing? When I sign papers should I sign as the business owner or the company's name? Thanks

  • @bayarea1342

    @bayarea1342

    Жыл бұрын

    Ever find out?

  • @theguertinfam7945
    @theguertinfam79452 жыл бұрын

    So I am wanting to open a company with construction where I get jobs and sub the work out for a percentage of total cost. Would I need a contractor license or could I get away with a LLC?

  • @acranchvaquerohorsemanship2514

    @acranchvaquerohorsemanship2514

    Жыл бұрын

    Hey did it work ?