Sole Proprietor vs. LLC for Photographers

Фильм және анимация

What exactly is the difference between a Sole Proprietor and an LLC? It's important to know, so today let's define all the legal things!
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0:43 Freebie
2:00 Sole Proprietor
3:39 LLC
5:13 Which is better for you?
6:39 Self Employment Tax
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Пікірлер: 14

  • @VistarCreative
    @VistarCreative Жыл бұрын

    I learned more from this 5 min video than I did from an hour and a half meeting with my CPA. Thank you!

  • @RebeccaRiceEducation

    @RebeccaRiceEducation

    Жыл бұрын

    Glad it was helpful!

  • @HBadger89
    @HBadger896 ай бұрын

    Hey, just letting you know that you mentioned sole proprietor under both scenarios. But I think you meant LLC at 8:25. Great vid.

  • @Sartography6
    @Sartography62 жыл бұрын

    Rebecca! This was soooo helpful, thank you!!!!

  • @RebeccaRiceEducation

    @RebeccaRiceEducation

    2 жыл бұрын

    Glad to help!!

  • @samfit808
    @samfit8084 ай бұрын

    extremely helpful!

  • @tamikadobbins5162
    @tamikadobbins51622 жыл бұрын

    Very informative! Thanks for sharing.

  • @RebeccaRiceEducation

    @RebeccaRiceEducation

    2 жыл бұрын

    Absolutely! Glad to help 😊

  • @TheSonjanator
    @TheSonjanator2 жыл бұрын

    I literally just recently decided to turn my photography into a legit business, so this video is perfect timing for me lol

  • @RebeccaRiceEducation

    @RebeccaRiceEducation

    2 жыл бұрын

    Yay!!! So glad it was helpful!

  • @RobSajous
    @RobSajous7 ай бұрын

    This sounds so complicated! Scary.

  • @amberrexford1004
    @amberrexford1004 Жыл бұрын

    Very helpful video! I just have a question. Right now I am set up as a Sole Proprietorship under the name Amber Rexford Photography however I have multiple genres of photography that I do and I want to separate them onto different instagrams and websites. For example I want my landscape work to be called Paradise Perspective. Is this still okay to refer to my sub-categories as different names than amber Rexford Photography but all operate under that 1 business license and do the taxes all together or do I need to create separate businesses for each category or switch to an LLC?

  • @RebeccaRiceEducation

    @RebeccaRiceEducation

    Жыл бұрын

    You’ll just need to register each different name as a DBA under your current LLC! I’ve got an associate team brand that operates under a different name, but is still under the Rebecca Rice Photography LLC. It’s registered as a DBA under RRP.

  • @amberrexford1004

    @amberrexford1004

    Жыл бұрын

    @@RebeccaRiceEducation okay right now I operate as a Sole Proprietorship so I would need to switch to an LLC then?

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