llc vs s corp vs c corp vs sole proprietorship - Learn this before opening a business in 2025.

llc vs s corp vs c corp vs sole proprietorship - Breaking down what you must know before opening your business in 2025. Before you start a business, you must understand how your business structure affects everything — liability, taxes, setup cost, compliance, and long-term growth. The wrong choice could cost you thousands or expose your personal assets, and the differences between sole proprietorships and LLCs are vast. In this video, business attorney Dustin Lee breaks down the five major business structures — Sole Proprietorship, DBA, LLC, S Corporation, and C Corporation — using a simple 6-category framework: ✅ Liability Protection ✅ Ease & Cost of Setup ✅ Tax Treatment ✅ Ongoing Compliance ✅ Best Feature ✅ Worst Feature Whether you're launching a startup, wondering about LLCs, freelancing, exploring the tax treatments of S Corps or C Corps, starting up a sole proprietorship, scaling your business, or just trying to avoid costly mistakes, this is the no-fluff, practical breakdown you need for 2025. 00:00 Introduction 00:31 What is a Sole Proprietorship? 01:23 What is a DBA or Assumed Name? 02:30 What is an LLC? Benefits, tax, liability protection? 05:31 What is a C Corp? 06:00 What is the S Corp Tax Election?