LLC vs Sole Proprietorship For Your Etsy Business - Which One Is Right For You?

Пікірлер: 84

  • @CassiyJohnson
    @CassiyJohnson Жыл бұрын

    For a limited time, 20% off Tailor Brands Plans use code:cassiyjohnson20 tailorbrands.go2cloud.org/aff_c?offer_id=15&aff_id=3845&aff_sub=cassiyjohnson20 *Not valid on LLC

  • @_stxntxn_
    @_stxntxn_ Жыл бұрын

    Thanks for sharing about this! I've been wanting to make and sell t-shirts but there's so much to it: figure out printify/squarespace/etc, form an LLC to be safe, obtain a seller's permit, get a business bank account -- it feels like a lot. It's doable, but it's more time and work than I thought

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    You are definitely making it a lot more complicated than it needs to be in the beginning. You can get started with your Social Security number and a personal bank account at first. Then make sure it's something that you enjoy doing and then can do those others steps slowly along the way as you decide this business is for you. You will likely find a new excuse not to start every single day. My best recommendation is to literally START TODAY. Go open your Etsy shop, go open your Printify account and connect the two things. Then make one design and list it for sale! Focus on Progress over perfection and figure it out as you go. You are never going to "be ready". That's not what being an entrepreneur feels like. So just get out there, Test, Fail, Learn, Repeat!

  • @efloresnica

    @efloresnica

    Жыл бұрын

    Awesome advice!!! Thank you for taking the time to share your knowledge and experience.

  • @Chocoglo

    @Chocoglo

    9 ай бұрын

    Hello Cassiy, if I decide to start today with just a social, do you know if I am still able to write off deductions such as fees/mock-ups if I file along with my regular taxes? Or if I don’t make more than $600, can I still write off the loss?

  • @llane375
    @llane375 Жыл бұрын

    I love these videos so much I was trying to watch this at work today!!!

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    So glad you are loving my videos

  • @corinnaneufeld5772
    @corinnaneufeld5772 Жыл бұрын

    Thanks Cassiy!

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    Thanks for watching!

  • @hersofterlife
    @hersofterlife Жыл бұрын

    Super helpful!!

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    Thanks Shannon, so glad you enjoyed it!

  • @AmiableCased
    @AmiableCased8 ай бұрын

    Thank you 😊

  • @heleneib257
    @heleneib257 Жыл бұрын

    What a great video!

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    Thanks for the nice comment!

  • @jag5798
    @jag5798 Жыл бұрын

    I have 1 LLC and I did a fictitious name under that LLC as my umbrella. I saved $$ on that and the renewal has a longer period than the LLC, which is every year in FL.

  • @surgicaltechcrafter2169
    @surgicaltechcrafter21696 ай бұрын

    Thank you fellow Michigander.

  • @CassiyJohnson

    @CassiyJohnson

    6 ай бұрын

    You’re so welcome! Good luck this weekend with the snow ❄️

  • @handmadesandmore
    @handmadesandmore Жыл бұрын

    Thanks for this video. I currently have an LLC, but have my Etsy shop set up as a sole proprietor. After watching this video, I believe I'll be switching it...the possibility of getting sued is scary. YIKES! You explained it very well!

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    You're welcome!! So glad you gained some helpful info!! :)

  • @cedricclifton408

    @cedricclifton408

    Жыл бұрын

    With you already having an LLC does that mean your Etsy shop falls underneath that or you have to create a new LLC separate from your already existing one?

  • @yeneryilmazkalma
    @yeneryilmazkalma Жыл бұрын

    Hello Cassiy, thanx for the great info on your video. Is Single Memmber LLC an individual seller type or a business Seller type on Etsy? would be so glad if you answer it cause i couldn't find an exact answer to that.

  • @annewerner1298
    @annewerner1298 Жыл бұрын

    Enjoy your videos. My main problem is trying to get a business bank account. I'm a sole proprietor and I want to keep my business finances seperate from my personal finances, but the banks all want pretty much the same documents, Proof of business/business license, EIN number, a business license where I live is close to $100.00. Nobody I talked to wants to acknowledge this or talk about it in detail. Everybody talks about opening an Etsy shop, but I can't move forward till I have these things in place

  • @keniaslorzano-qx5ed

    @keniaslorzano-qx5ed

    Ай бұрын

    You should open an LLC, the payment is $370 (Well it depends on which option is easier for you) with a Agency that makes sure all your documents are in order. There are many agencies like Taylor Brands that are in charge of providing you with all the documents.

  • @jasonryker8669
    @jasonryker8669 Жыл бұрын

    Hi Cassiy, I purchased your spreadsheet and I thought there was a video explaining how to use it but I can't seem to find it. Could you give me a link for this? Thank you for your videos I am starting my own shop soon!

  • @TimelessTunesRewind
    @TimelessTunesRewind6 ай бұрын

    Does my LLc need to be that same as my shop name?

  • @catalin5263
    @catalin5263 Жыл бұрын

    Hi Cassiy! I know the question is not related to the topic presented in the video, but usually what are the best selling colors for POD and what colors do you use to sell? Thanks a lot 🧡

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    For t-shirts i use the Bella 3001 and I sell mostly Heather Peach, Heather Mauve, Maroon, Black, White and Athletic Heather!

  • @followmesky
    @followmesky Жыл бұрын

    correct me if I'm wrong but if you're just starting, it's best to wait until you reach over 12k a year as anything under is not necessarily taxable. It would be considered a hobby or such.

  • @theshadowknowz5900
    @theshadowknowz5900 Жыл бұрын

    Thanks...

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    You're welcome! Thanks for watching!

  • @ashcakes220
    @ashcakes220 Жыл бұрын

    Hi Cassidy thank you for the video I am a Etsy shop owner I don’t make a steady income from Etsy yet but I would like to do comic cons and fair events in the future , and I don’t want my designs to get stolen so do you think a LLC would completely protect me ? Or do I need to get copyright with it?

  • @Canakin19
    @Canakin19 Жыл бұрын

    Hello Cassiy,thank you for your video..Can I ask a question I own a business with only I own its a sole propriegorship I think ? I mistakenly choosed business and cant change my business registration id..How must I change this I wrote etsy this issue and replied me ''your sheets doenst match with the information you sent us'' I am a newseller how can I fix this..? Maybe I can choose sole prop if the platform accepts

  • @Kitcatmom
    @Kitcatmom2 ай бұрын

    Hey Cassiy! Curious if product liability insurance should be purchased for print on demand? I’m unsure if there were an issue with a product, if liability would fall on the pod seller or the actual maker of the product that is printed on??

  • @deenalatello6245
    @deenalatello6245 Жыл бұрын

    Thanks, Cassiy! How do you know when you will have to pay quarterly taxes? Will Etsy notify you or is it a revenue threshold that you have to be aware of? Thanks!

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    Hey definitely check out my taxes video if you haven’t yet! It’s in the description. It’s once you will owe over $1000 in taxes. Etsy does not let you know, you need to track this. I just waited until tax time and ended up not having to pay a fee for some reason but my CPA said sometimes there is a fee for not paying quarterly taxes at that point. Feel free to reach out to a CPA in your state just in case that’s Michigan specific

  • @aqdasf.
    @aqdasf.5 ай бұрын

    Is it possible to make multiple etsy shops under one US llc?

  • @hashirshabir7334
    @hashirshabir73344 ай бұрын

    can i open an etsy account with non resident llc?

  • @kimberlypicone1312
    @kimberlypicone13126 ай бұрын

    HI I already paid for the second plan on this website. I had a person call me and walk me through everything. But my question is about the business address. They want me to pay $39/mo for a virtual address and I feel like that's too much. Is there a less expensive option?

  • @Caned5
    @Caned59 ай бұрын

    Questions tho..how is it that you can get sued, have your assets taken, if you dont have an llc? But you work for a POD "company"?

  • @hannahservetter2298
    @hannahservetter2298 Жыл бұрын

    Thank you for your amazing videos! So helpful. I have a trademark questions. If "Gatsbys" is trademarked for e-commerce store, then would Gatsbys Gallery be allowed? Or too risky haha

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    It should be trademarked for t-shirts to not be allowed, I'd say that's probably fine as the example you gave but I am not a lawyer or anything so I just use my best judgement.

  • @ReezyFosheezy143
    @ReezyFosheezy143 Жыл бұрын

    Do you recommend getting an EIN as a sole proprietor?

  • @kimberleeann14
    @kimberleeann14 Жыл бұрын

    Please help. I can't find info anywhere. What to I put in the section that is asking for "document number" in the 'legal and tax information ' section. Thank you in advance!

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    I'm so sorry, I'm not sure exactly which part you are talking about, I'd recommend reaching out to their customer service for assistance!

  • @ZecuresWife
    @ZecuresWife Жыл бұрын

    Hey Cassiy! How do you handle setting up state taxes taxes that Etsy doesn’t collect for? This part of it has me so confused and a bit overwhelmed

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    Etsy handles all of the sales taxes for you if that's what you are asking! As for income taxes, you just file your taxes at the end of the year and they will tell you what you owe to the state as well! It's not anything separate.

  • @concerned778
    @concerned77811 ай бұрын

    thank you for your video. I already have an LLC, but was hesitant to use it. It's my first business and all my designs are my original own design prints. so how do I protect my designs? is it already protected without LLC or should I use my LLC? I am a bit confused. I would appreciate any help or insight

  • @kennettajackson767

    @kennettajackson767

    10 ай бұрын

    Trademark

  • @lindavaldez2888
    @lindavaldez2888 Жыл бұрын

    Thank you for this video. I have one question, if using my social security as my tax id# , how do i go about getting a sellers permit if i want to buy wholesale? or do i even need a sellers permit? Thank you

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    Sorry I have never done anything with wholesale so you'd have to look this up or consider talking to a lawyer or tax professional that may be able to answer this for you!

  • @lindavaldez2888

    @lindavaldez2888

    Жыл бұрын

    @@CassiyJohnson THANK YOU SO MUCH FOR RESPONDING

  • @C2YPTO_STEVIE
    @C2YPTO_STEVIE Жыл бұрын

    I have an llc but am confused about being classified as a professional seller (trader) in the EU now. This is shown at the bottom of page in seller details. Does that mean I have to sell to EU, too?

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    So sorry I've never sold internationally so I can't help with that, I hope you found your answer though

  • @rgilcin1
    @rgilcin1 Жыл бұрын

    Another well explained patient video! Thank you. I tried making a video yesterday and saw how it looks a lot easier than it is .. at least for me . Maybe you could cover the topic I felt compelled to talk about. Yesterday I was uploading my Halloween designs and I I am sure was doing it inefficiently(another video lol) . My son was making fun of me and then boom I received an email expressing interest in one of my designs . I was so excited and felt the beginnings of validation from the doubters , when it became apparent that this person was using the way I came to find out to be the 419 scam . I was so let down and kicked in the stomach that I stopped all work and thought of even giving up. I wanted to notify Etsy and in try jag to do so came across an FAQ all about it. The first two lines that were used were identical to the example ETSY gave . I think it would be good to make your viewers aware that it’s out there and to beware. Thank you for all of the inspiration and information you provide !!

  • @KarlaZamudio

    @KarlaZamudio

    Жыл бұрын

    Oh yes, please do share. I've heard of scams but do not know of the ones that happen on Etsy.

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    I am going to be looking this up because I have never heard of scammers! I'm sure you aren't the only one to get them though, thanks for the comment!

  • @CeeCeeBold

    @CeeCeeBold

    Жыл бұрын

    Can you explain more about 419?

  • @breannecruz4436
    @breannecruz44368 ай бұрын

    Hello! I have been binging you’re videos for about two weeks and have begun the Etsy and printify process as well as designing sweatshirts! The legal and business side has kept me away from trying and I’m still scared I don’t know what I’m doing or getting myself into but your videos have helped me gain some confidence. I do have a question about switching to llc, I’m happy I don’t need one just yet. But when is a good time to switch? How much should I start making when it’s time to take step? Thank you so much in advance 😊

  • @CassiyJohnson

    @CassiyJohnson

    8 ай бұрын

    I would do it after you feel more settled in your biz and are starting to make a consistent income! You can always talk to a CPA or an accountant to see what makes the most sense for your situation though

  • @breannecruz4436

    @breannecruz4436

    8 ай бұрын

    Thank you so much for replying 😊

  • @rcaunhyerc
    @rcaunhyerc Жыл бұрын

    Hi Cassiy, do you have separate business insurance?

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    No I do not have any business insurance

  • @lessismore8908
    @lessismore8908 Жыл бұрын

    You have a Pod Etsy store & mock-up store. Did you need separate llc for each business? Thank you for your time!

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    No you can have one LLC for both businesses!

  • @zazzbydody9938
    @zazzbydody9938 Жыл бұрын

    Hi dear, I watched alot of your videos and I love your content, actually I used your link to open a shop on etsy. Unfortunately since I am located in Qatar, I couldn't finish setting my shop. So I paid an agency to open an llc for foreigner, and it's under process. Today I come on a comment on reddit, that Etsy doesn't allow it 😔. I am not sure if the information is right or not, I looked everywhere and I couldn't find the right information. Can you please help 🙏 I'm going crazy 😭

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    I am so sorry, I don’t have any experience with starting a shop from somewhere else! I would check other Reddit or Etsy pages to see if you can find out the right answer! Best of luck and just remember, Etsy isn’t the only option. You could always try Merch by Amazon or another side hustle all together like designing t-shirts on fiverr. There are always options!

  • @shainalannaman4985
    @shainalannaman4985 Жыл бұрын

    Hi, I already have an LLC. Can I operate my Etsy shop under my LLC if my LLC and Etsy shop does not have the same name?

  • @Tywatch1

    @Tywatch1

    7 ай бұрын

    Hi did you find out?

  • @FallingAsh
    @FallingAsh Жыл бұрын

    Does the name of your LLC have to match the name of your Etsy store?

  • @Tywatch1

    @Tywatch1

    7 ай бұрын

    Hi did you find out?

  • @melissap.9404
    @melissap.94045 ай бұрын

    Does Etsy allow you to change your shop info from your name as a soul proprietor to an LLC if you decide to switch?

  • @CassiyJohnson

    @CassiyJohnson

    5 ай бұрын

    Yes you can change this at any time!

  • @lenocka1100
    @lenocka1100 Жыл бұрын

    Thank you for video ! Would be an existing LLC work which was created few years ago for a real estate purpose but that property doesn’t exist any more. ? LLC annual report is paid to The state every ywar

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    I couldn’t imagine why that wouldn’t work but you can always check with a CPA to make sure!

  • @lenocka1100

    @lenocka1100

    Жыл бұрын

    @@CassiyJohnson thank you Same for the Merch by Amazon right?

  • @courtneyranck-copher1229
    @courtneyranck-copher1229 Жыл бұрын

    Hi Cassiy, I'm considering booking a 1 on 1 video call with you. How backed up are you?

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    Happy to help if you decide that is the right fit for you! Once you purchase the 1:1, you get directed to my calendar to schedule what time works best for you. I am booked for the rest of this week but I do have a few times next week open on Sunday evening, Monday throughout the day and next Wednesday morning if any of those times can work for you!

  • @courtneyranck-copher1229

    @courtneyranck-copher1229

    Жыл бұрын

    @@CassiyJohnson thank you!

  • @SaludFormidable
    @SaludFormidable Жыл бұрын

    Thank you, I had no idea they existed. Its much cheaper than paying a lawyer to do it.

  • @CassiyJohnson

    @CassiyJohnson

    Жыл бұрын

    You're welcome, Felix! So glad this information was useful to you!

  • @TonySmith-dv3yu
    @TonySmith-dv3yu Жыл бұрын

    Is it possible to start an Etsy account with EIN only?

  • @julianadieyi2888

    @julianadieyi2888

    Жыл бұрын

    I want to know this also.

  • @zazzbydody9938

    @zazzbydody9938

    Жыл бұрын

    Hi, did you got an answer? I just paid an agency to open an llc for foreigner, since I couldn't finish setting my shop on Etsy, but today I saw a comment that Etsy doesn't allow foreign llc. Is that right? Please help 🙏 😢

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