Freelancers: Why It's Important To Choose A Business Entity

Freelancers: Why It's Important To Choose A Business Entity

What’s quite possibly the most important decision you’ll make when starting out as a freelancer?? That decision is what type of business entity you’ll form for your new business. Your entity will determine how you’ll organize your business from a tax and liability standpoint. We'll cover sole proprietorships, LLCs, partnerships, C corporations, and S corps.


✍️ HELPFUL LINKS ✍️
✦Learn more about Wealthfront 👉 https://bit.ly/3IN7Qbo

🕒 TIMESTAMPS 🕒
00:00 – Intro
01:08 -- Sole Proprietorship
03:14 -- Partnerships
04:55 -- LLC (Limited Liability Company)
06:28 -- C Corp
07:12 -- S Corp

Sources
https://www.collective.com/blog/the-b...
https://www.businessnewsdaily.com/816...
https://www.nerdwallet.com/article/sm...
https://www.irs.gov/businesses/small-...
https://www.nolo.com/legal-encycloped...

Disclosure
The information contained in this communication is provided for general informational purposes only, and should not be construed as investment or tax advice. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Wealthfront Advisers and its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisors to discuss tax-related matters specific to their situation. Investment advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser, and brokerage products and services are provided by Wealthfront Brokerage LLC, Member FINRA/SIPC.