Channel: VIP Financial Education

Category: Education

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Description: Are you starting a business in 2022? How should you set it up? And why is it so important that you choose the right structure for your business? In today's video, we go over how to choose the right business entity for your business in 2022. Business entities like a Limited Liability Company or LLC, Corporation, Sole Proprietorship, or Partnership. This is everything you need to know about structuring your business… Timestamps: 0:00 - Why is this important? 0:34 - Advantages of having a corporate structure or business entity. 2:31 - Disadvantages of having a corporate structure or business entity. 4:45 - Types of corporate structures. 6:06 - Sole Proprietorships 7:11 - Partnerships 7:52 - LLCs / Limited Liability Company 8:23 - Corporations 10:00 - Which Business Entity is right for you? 10:43 - Best States For Business & Worst States For Businesses Legal basics and business entity formation in this crash course on business and entrepreneurship! Get one-on-one coaching with Matthew Pillmore: ► FreeCoachingCalendar.com Get your FREE Cash Flow Cruncher budgeting spreadsheet here: ► cashflowcruncher.com It's way more than just a budgeting spreadsheet! Manage your finances completely and easily with the Cash Flow Cruncher, our gift to you just for being a viewer of the channel! Getting into Real Estate? Check out the Real Estate Investment Analysis Worksheet, a FREE resource that helps you calculate whether or not a property will be a money-making machine for you! ► investmentanalysisworksheet.com Want more actionable financial tips and tricks like this one? Check out our YouTube channel here youtube.com/vipfinancialed Much like Robert Kiyosaki, VIP is all about utilizing leverage (via Debt Weapons) to increase cash flow through investing in all types of things, from real estate to small businesses. VIP differs in their approach to the follow-through, utilizing some of the things Dave Ramsey teaches - optimizing your cash flow by decreasing expenses - however VIP differs there too. We are all about maintaining the lifestyle design YOU want, all while optimizing your expenses through creative approaches. We're all about the best of both worlds. Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe!! Make sure to check out our social channels for more insight and industry news! Facebook - facebook.com/VIPFinancialEducation Instagram - instagram.com/vipfinancialed Instagram (Lifestyle) - instagram.com/vipfinancialedlifestyle Twitter - twitter.com/VIPFinancialEd LinkedIn - linkedin.com/in/vipfinancialed BBB A+ Rating - bbb.org/denver/business-reviews/financial-services/vip-enterprises-llc-in-westminster-co-90024254 Disclaimer and Waiver — VIP Enterprises, LLC, its owners, officers, directors, employees, subsidiaries, service providers, content providers and agents (referred to as "VIP Financial Education") are not financial or investment advisers and not licensed to sell securities or investments. None of the information provided is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offerings. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information contained herein is at your own risk and results always vary. The content is provided 'as is' and without warranties, either expressed or implied. VIP Enterprises does not promise or guarantee any income or particular result from your use of the information contained herein. Under no circumstances will VIP Enterprises be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate any information, opinion, advice or other content contained. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, or other content. Furthermore, from time to time VIP Enterprises may earn an affiliate commission when a viewer purchases a product, program, or service as a result of our content. #HowToStartABusinessIn2022 #HowToStartAnLLC #Startup2022 #SoleProprietorship #LimitedLiabilityCompany #Corporation #Partnership #LeanStartup #BusinessEntity #BusinessEntitiesExplained