Financially Simple

When starting a business, it's a good idea to choose a formal business entity that best suits your type of business and give it legal standing. Justin gives an overview of the different types of entities startups and existing businesses can choose from, listing the pros and cons of each, as well as the documentation required to set them up. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ARTICLE TRANSCRIPT:  BLOG: The 5 Different Business Structures - Pros and Cons of Each Entity   TIME INDEX: 00:30 - The Five Types of Business Structures/Entities 01:43 - A Sole Proprietorship 04:24 - C Corporations 07:26 - S Corporations 10:35 - Partnerships 13:16 - Limited Liability Companies 18:08 - Why Choose One Entity Type Over Another? 21:29 - The Necessary Paperwork   USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter The Mark Kohler Show __________ BIO: Justin A. Goodbread, CFP®, CEPA, CVG