LLC or Sole Proprietor? Which business form is right for you?

If you are starting a new business, you may wonder whether it is okay to just be a sole proprietorship, or if you need to go through the hassle and expense of setting up a Limited Liability Company (LLC). In this video I explain 5 factors to consider. — Want more info about this topic? Have a question? Leave a comment below! Join the Discord community:   / discord   Sign up for the Patreon:   / elizabethpw   — Did you find this helpful? Please support the channel! Free ways to support the channel: Like this video — it helps with the algorithm! Post a comment below letting me know! Share the video with someone who may find it helpful Join the Discord community:   / discord   Money ways to support the channel: Post a “Super Thanks” comment (hit the $ button below the video) Tip via Ko-Fi: https://ko-fi.com/elizabethpw Tip via PayPal: http://paypal.me/elizabethpw Sign up for the Patreon:   / elizabethpw   — Legal Disclosure: I am licensed to practice in the state of California and before the United States Patent and Trademark Office. Information contained in this video is not legal advice – please seek advice of counsel. This video and description may contain attorney advertising. Disclosure: My videos may contain reviews, recommendations, testimonials, or endorsements of other businesses, individuals, events, materials (such as books), products, services, or websites. At this time I do not receive any monetary compensation or affiliate revenue for such content. I occasionally receive free access to a service, product, or program in order to provide a review; if so, I will clearly disclose this in the video. I am not currently accepting new law firm clients -- if you'd like my advice, check out the Patreon -   / elizabethpw   EPW Small Business Law PC http://www.elizabethpottsweinstein.com Comment policy: I reserve the right to delete comments and block anyone from the channel due to threats, hostility, or spam. #LLC #soleproprietorship