Work Less, Earn More

Ep 292: LLC vs Solo Proprietor vs S-Corp: What's Best for Online Entrepreneurs?


Listen Later

Choosing the right legal structure for your business can feel… overwhelming. Sole proprietorship, LLC, S corp, C corp… what do all these terms even mean? And more importantly, how do you know which one is right for YOU?

When I was first starting out, I had so many questions about business structures. I didn’t want to mess up something that could affect my taxes, my liability, and my long-term growth. And I know I’m not the only entrepreneur who’s felt that way.

That’s why in today’s episode of Work Less, Earn More, I’m breaking down the four most common business structures and walking you through the pros and cons of each. I’ll share what I’ve personally learned from navigating these transitions myself, give you tips for when it makes sense to switch from one structure to another, and explain why it’s so important to get professional advice from an accountant or attorney.

If you’ve ever felt confused about what’s best for your business—or you just want to be sure you’re set up in the smartest way possible—this episode will clear things up.

Listen to the full episode to hear:

  • The differences between a sole proprietorship, LLC, S corp, and C corp (in plain English)
  • The key pros and cons of each structure
  • When it might make sense to switch from one structure to another
  • Why professional guidance from an accountant or attorney is essential


Want to quit your job in the next 6-18 months with passive income from selling digital products online? Check out Startup Society.


Have you already started your business, but it isn’t generating consistent income? Schedule a free, 30-minute strategy session with our team to get unstuck!


FREE Resources to Grow Your Online Business:

  • Grab our free course, Small Business 101: https://gillianperkins.com/free-training-small-business-101/ 
  • Write a Profit Plan for Your Business : http://gillianperkins.com/free-profit-plan 


Work with Gillian Perkins:

  • Apply for $100K Mastermind: https://gillianperkins.com/100k-mastermind 
  • Get your online biz started with Startup Society: https://startupsociety.com 
  • Learn more about Gillian: https://gillianperkins.com 
  • Instagram: @GillianZPerkins
...more
View all episodesView all episodes
Download on the App Store

Work Less, Earn MoreBy Gillian Perkins

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

175 ratings


More shows like Work Less, Earn More

View all
The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

The Smart Passive Income Online Business and Blogging Podcast

3,455 Listeners

The Amy Porterfield Show by Amy Porterfield

The Amy Porterfield Show

4,601 Listeners

YouTube Creators Hub by Dusty Porter

YouTube Creators Hub

7 Listeners

Build Your Tribe | Grow Your Business with Social Media by Brock Johnson

Build Your Tribe | Grow Your Business with Social Media

2,612 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,797 Listeners

The Mind Your Business Podcast by James Wedmore

The Mind Your Business Podcast

1,644 Listeners

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business by Jenna Kutcher

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business

12,040 Listeners

She Means Business Show by Carrie Green

She Means Business Show

313 Listeners

The Influencer Podcast by Julie Solomon

The Influencer Podcast

1,446 Listeners

The Product Boss: Business Coaching for Product-Based Female Entrepreneurs by Jacqueline Snyder

The Product Boss: Business Coaching for Product-Based Female Entrepreneurs

888 Listeners

Online Business for Christian Women | GOD-LED BUSINESS, Start a Podcast, Work From Home, Podcasting, Online Marketing by Stefanie Gass - Podcast to Profit™ Creator, Podcast Coach, Business Strategist

Online Business for Christian Women | GOD-LED BUSINESS, Start a Podcast, Work From Home, Podcasting, Online Marketing

1,240 Listeners

The Jasmine Star Show by Jasmine Star

The Jasmine Star Show

2,604 Listeners

SYSTEMIZE YOUR LIFE | Overwhelmed, Organized, Routines, Schedules, Time Management, Time Blocking, Business Systems, Online Business, Work-From-Home, SAHM by Chelsi Jo

SYSTEMIZE YOUR LIFE | Overwhelmed, Organized, Routines, Schedules, Time Management, Time Blocking, Business Systems, Online Business, Work-From-Home, SAHM

668 Listeners

The Think Media Podcast by Think Media

The Think Media Podcast

798 Listeners

The 100K Method by Gillian Perkins

The 100K Method

8 Listeners