Listen on…
Don't wait until it's too late to protect you and your business.
If you’re reading this, I know that you are an entrepreneur that puts a lot of time, energy and resources into building your business. The last thing you need in your entrepreneurial journey is to run into any sort of legal trouble, but if you do, you’ll want to be protected. Better to be safe than sorry, right?
The sort of legal protection I’m talking about is setting up a corporate entity to protect you and your business. The good news is that it’s a relatively cheap investment. The double dose of good news is that I’ve got attorney extraordinaire, Bobby Klinck, on the show today to walk us through all the ins and outs of setting up an LLC or S Corp without all the confusing legal jargon.
You may remember Bobby from our GDPR episode, but what you may not know is that Bobby has become our resident attorney here at Team Porterfield. We love him because he breaks down all the legal stuff for us an understandable, doable fashion, and actually kind of makes it all fun!
What we cover in today’s episode:
- The most common company forms (listed below), what they entail, how they’re different, and which is the right kind (and wrong kind) of entity for an entrepreneur to set up:
- Sole Proprietorship
- Partnership
- LLC (including the S Corp election)
- C-Corp
- The process for setting up your LLC or S Corp election. These are the most common options with entrepreneurs. You'll also learn what you need to do after you’re all set up.
Let me tell you, this episode is packed with good information. Even after being in business for 10 years and all set up legally, I learned a ton and am glad to be more clear on the whole process. Bobby gave so many good examples throughout this episode and we both hope that you walk away with some real clarity on understanding what you need to do in order to protect yourself and your business.
Let’s get to it…press play and let’s dive in!
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Listener shout out of the week!
Thank you Carolyn! I love a good list that helps us to keep moving forward! Keep up the good work.
