Straight Talk About Small Business Success

How to Choose the Right Legal Structure for Your Business

Episode Notes

Welcome to the Straight Talk About Business Success Podcast! Do you have valuable risky assets in your business? Do you need to protect them? Do you have multiple owners? Do you want to limit your tax liabilities? Check this episode out!

[00:01 - 01:58] Opening Segment

• Welcome to the Show! 
• Why the right legal structure can make or break your business

[01:59 - 14:54] How to Choose the Right Legal Structure for Your Business

• What is a legal entity?
• The Effect of Legal Entities on a Business Owner
• It’s both for tax and legal protection advantage
• Sole Proprietorship is the Default
  • What other legal entity types are there other than sole proprietorship?
• How to Select the Right Legal Entity Type for You
• How often should you review your legal structure?
• Which is the better option? A corporation or an LLC?

[14:55 - 16:45] Closing Segment

• Final Words

Tweetable Quotes

“Choosing the right legal structure can make or break your business.” - Rodney Deloe, CPA

“Take the time, it’s a short investment of time for a big payback and big peace of mind.” - Rodney Deloe, CPA

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Connect with Rodney Deloe, CPA through LinkedIn and Instagram

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