Business Law: Sole Proprietorship, Partnership, LLC, S Corporation, and C Corporation Taxation, Structure, and Guide

What are the things that you want most in life?

Freedom? Financial independence? More time with family or friends? I think it is safe to say that most people would like to have those things. However, most people won’t get it. The majority of individuals will keep doing what they are doing every single day and hope that the life they have always wanted will just appear before their eyes. I have some bad news for those people who think that – your life is NOT going to change unless you are the driving force behind that change. Now, don’t get me wrong. I believe that inside every one of us is the strength to make the changes that are necessary to make to live the lives of our dreams and accomplish our goals. I also believe that most people need only a little encouragement and motivation to start their own journey to success. The decision that faces every one of us is what success looks like. While there are any number of ways to define what that is, I want to focus on financial freedom. By this I simply mean that you can stop working today and still have income for the rest of your life. How is this possible? You just have to start a business.
In this book, you will learn about:

• Sole Proprietorships
• Partnerships
• Limited Liability Companies (LLC)
• Corporations (S-Corp & C-Corp)
• We have been getting similar questions to those that we had when starting our first business asking about different business structures. “Do I want a proprietorship or corporation or an LLC? What’s the difference between all of these?” There’s a lot of confusion here so we wanted to build this resource for you in order to address those concerns.