Financially Simple

In episode 11 of Financially Simple, Justin talks about the different types of business entities and why they matter. In Business, the type of business structure you own matters, whether it be a corporation or Sole Proprietorship. Knowing which type of entity fits your business will help with the management and legal aspects of the business, especially when it comes to selling. Justin considers the different types of entities, their pros and cons, and how to go about formalizing your business as an entity. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  TRANSCRIPT: Types of Business Entities Affect Long-Term Sellability – Post #11   TIME INDEX: 00:34 - What Type of Entity Should I Choose? 00:57 - When Planning to Sell, Being the Right Entity Matters 04:06 - The 4 basic Types of Entities 05:04 - Advantages & Disadvantages of Each Type 06:40 - Transference of Stock 07:30 - Flexibility 08:50 - Tax Benefits 09:25 - Documentation 13:20 - Have an Awesome T