258 - Revisiting LLCs & Biz Entities
On today's episode of the podcast I'm revisiting LLCs and business entities. If you're new to the podcast, or need a refresher on LLCs, I'm diving into my small business blueprint during this episode and I've created a timeline of past episodes (listed below) where I dive into specific aspects of LLCs. Be sure to download the copy of my Small Business Blueprint, included at the bottom of these show notes.
I was recently talking with my marketing manager, Emily, and she pointed out I haven't had an episode about LLCs recently. I've covered this topic several times, but I know that not everyone listens to the podcast all the time or you may have listened for 6 months to a year and then felt like you had a pretty good grasp of the content I cover. If I'm doing my job correctly, my hope is that at some point you will have fully implemented all of the things I have to teach and your business will be in tip-top shape and maybe you will have hired us for on-going bookkeeping and tax services.
Rather than go back and rehash everything I've said in past episodes and make a new, long episode, I made a timeline of these past episodes and the order you should listen to them to essentially create your own free mini course on LLCs. Check them out in the order listed below.
078 - How LLCs are like a magic bubble - You'll learn how LLCs legally protect your personal assets
080 - How LLCs are like science - Like episode 78, these is also an audio version snippet from the LLC chapter in the first copy of my book.
083 - What are the tax benefits of an LLC - Learn what juicy tax benefits come from having an LLC.
116 - Can I Form My Own LLC? - Now that you're sold on LLCs, we'll talk about if you form your LLC on your own.
081 - Starting an LLC & Banking - How to form your LLC and the banking requirements that go along with it.
042 - When is it Time to Form an S Corp - An S Corp is a tax status, not a type of entity. You have an LLC first, then you elect for your LLC to be taxed as an S Corp.
231 - My S Corp Cost Me MORE in Tax Last Year - One of my favorite, most downloaded episodes ever, I talk about how having an S Corp cost me more in taxes for the year.
104 - Is There a Tax Advantage for a Corporation? - Most of you probably don't need to be a C Corporation, but if the thought has ever crossed your mind, this episode will answer your questions.
147 - Answering your tax and business classification questions - A Q&A that wraps up this mini LLC podcast series.
Now, onto my Small Business Blueprint, which is featured in Module 2, Lesson 4 in my Profit Rx curriculum. After we decide what your business entity should be, we go through the blueprint, which you can get here.
