This is probably the clearest explanation of the concept, great job keeping it simple.

Excellent video. Tax matters aside, I formed an LLC to protect my personal assets if my business gets sued. Your personal assets are at risk if you are a sole proprietor and your business gets sued. That's something to consider.

This is something schools need to teach, literally 4 years just for the experience and a piece of paper..

I am a sole proprietor and this video really cleared up my current confusion on if I should pay for the LLC. I’m not making nearly as much as you recommended so I feel comfortable in waiting. Thank you for sharing! God bless.

I formed an LLC for 1 big reason - to separate my personal finances from my business's finances, because it the event of my business being sued I want to save my savings. The way you wrote down where exactly the savings may come from for an LLC was very helpful, and I am even more convinced now that it was the right decision to have an LLC. I don't mind doing my own accounting and my own taxes, it's actually fun for me, so I will be saving a lot of money in taxes (looks like).

I was just about to start LLC process, but I thank God I came across this video. Very helpful . Thank you so much for sharing this.

Seriously SOOOO helpful. Starting a business has been stressing me out, and I didn’t hardly know what a sole proprietor was. I’m subscribing and adding your other videos to my watch later list 😊😊

This was very straight forward and very helpful thanks!

Thank you I’m I think I’m best with the sole proprietorship the LLC tax thing is too confusing for me right now lol

One of the more helpful videos i have ever seen on KZfaq. Thank you for being so clear and straightforward.

Thank you so much for this video! It has helped me make my decision I was so stressed out about this before I watched this video

The clarity on this video was AMAZINGLY helpful. Thank You.

WOW, you're great at explaining things!!!! So clear and to the point and filled with actual information!!! Thank you so much sir!!!!!

Very insightful. It answered a lot of my questions about selection of legal structure and tax benefits of sole proprietor vs. an LLC.

Best video I have found yet on the topic. Thank you!

This video is much appreciated! Thanks for providing such high level of clarity.

Wow you literally answer the questions I had 💕😭 thank you so much for being super clear with the information

I have been looking all over KZfaq and THIS is exactly what I was hoping to find. Thanks! The graphic/breakdown is so helpful.

The most concise and clearest explanation on the subject I've come across. Thank you so much Graham

Now this is quality content and helpful information. Clear and understandable and defines a clear line to whether you should pick one or the other.

Wow this was extremely helpful. I have been killing myself with all this search and you have make it clear. Thank you for this video. I will definitely hold off on the LLC until I get the business up and working.

This video by far is the most informative and easy to follow presentation on LLC vs. Sole proprietor

This was SO helpful. Thanks Graham.

One of the best,, practical and simple explanations I have found. Thanks!

This was extremely helpful. I am in the process of starting a business and don't want to take on more than I need to. Especially in the beginning stages. Thank you so much for this information.

I have been so confused between Sole Proprietor vs LLC. This is the best Video that I have seen that explained things clearly! Thank you!

Just want to thank you for these videos brother. Great stuff and amazing explanation.

Really well done, and well thought out video! Thanks for sharing. Feel much more educated on LLC and SP concepts now. Thanks again! 🙏

Thanks so much for this video! Cleared up so much confusion I had with all the tax jargon. Definitely don’t need to be stressing about an LLC right now. Sole Proprietor sounds like the way to go.

This video has helped me immensely!!! I am a notary and I didn't understand about LLc's or what it meant to be a sole proprietor. I understand a whole lot better now. Thank you for this video.

best explanation I have seen on youtube on this topic - great work!

This has been the best video I’ve seen explaining the difference between the two. Great vid.

Thank you for the clarity!!!! This video was SO helpful 🙏. My husband is a sole proprietor for 3 1/2 years now. Our tax person advised us to look into a LLC since his business is growing, this past February! We thought we had to rely on him but realized we could apply online so we are researching to make the best options. Again, Thanks 👍.

Out of all the videos, this was the simplest one to understand! Thanks so much.

this clarified everything i was searching on ! thank you so much , im opening my own business but i was so confused on what exactly i needed to do . now i now i think with the type of work my company will do a LLC will be the best way to go since its more on construction and i know how much roughly it brings in yearly .

Thank you for this video! Straight to the point and I feel confident about going forward with my buzz!

I like the lighting setup in your videos. Very professional and slick!

OMG thank you for this! I just opened a DBA in California for my wedding and event planning and decorating services. I have been feeling like what if its the wrong move? I don't have a lot of money I just started gaining momentum and I'm totally ok with moving every day and growing slowly. This video makes me feel a lot better about not rushing into an LLC.

I just watched like 5 tax/LLC/Sole Proprietor and my head was spinning. Man am I glad that I saw this video. Easy to understand, to the point, mad informative! Thank you

This has been by far the best explanation on figuring out whether to start as a sole proprietor or an LLC, and what each one means, Thank you Graham for this awesome video! you helped me answer many questions I had.

Wow. Love this video. You explained this so simply. I get it.

Just starting a new business and I was on the fence about switching to an LLC. Watching this video I think I'll keep the sole proprietor for now. Very helpful, thanks.

This was such a big help. Thank you!

This is hands down THE BEST VIDEO explaining the difference!!!!

Well done. Super helpful and concise. Thank you

Thanks! I've been reading on this for the last 2 days (tax sites), and you were the only one who completely explained it. Kuddos!

Thank you for making this video! You’ve explained it so well and so simple! It helps a lot!

Great video. Saw tons of videos on this subject and this was the best and clearest video yet.

Fantastic. Super clear. Now I understand the difference in tax savings. Thank you, Graham!

I am starting the process of making my home bakery legal and this video was extremely helpful. I definitely don’t make enough money with it yet to worry about forming an LLC. I am saving this video for future reference. You’re a great teacher!

This was so helpful!! Thank you for explaining it so well. It was so simple & easy to follow.

Very simple and straightforward. Thank you!

Thank you for the very basic and informative discussion.

The clearest and most easy to understand information I have come across! Saving this video! Good job! Thank you!!! Oh, and I own a photography business and I am a sole proprietor!

The clearest explanation ever this guy is amazing.

This video gets an UNDENIABLE standing ovation!! Bravo!

This video is a few years old but explain things so well, I'm a sole proprietor

Best explanation on KZfaq

You are an awesome teacher. This ambiguous subject just made sooooo much sense

Thanks brother. Much needed help and information! God bless you!

Thank you so much for that distilled breakdown!

I was about to start the process for an lox so glad I watched this video

I just found your video's, I'm a super fan now, your videos are so clear!! 4 videos just answered all my questions to help me get started with my business. Thanks so much!!

Thank you SO MUCH for making this video! This helped me a ton.

Starting a small clothing, I think I’ll go with a sole proprietorship until I start making “real” money.

This is the most effecient clear explanation and advice to new entrepeneurs out of all the vidz on youtube.....thank you

Thank you!! Really appreciate the clarity and break down of this video!

I cannot thank you enough for creating this video. I have watched upwards of 20 different videos on LLCs vs S Corp and sole proprietorship and this time...it clicked! Great work! In January I broke off from my "cushy" full time job with benefits to pursue what I love and what makes me excited to get up in the morning for: Voice Over work/audio production. Sounds like that might be in your wheelhouse as well. Cheers!Anywho...I've been trying to figure out what my best course of action would be administratively/legally and you have left me feeling fully equipped with the thoroughness of this video. Thank you again!

Very helpful. Clear speaking, to the point and at a good pace. Thank you.

Thank you so much Graham for this informative video. You answer so many of my questions.

This guy is the greatest. He delivers valuable information and simplifies things.

I've been pulling my hair out trying to understand the difference. Found your video and theyre awesome!!!! Thank you!!!!

Excellent information! Thank you :)

FINALLY! Someone explained this to me in a way that makes sense. Thank you!!

Thank you for this video it truly helped me to understand which is best for me.

Thank you so much!! Super helpful!

I just started my online business and I’m still learning English by the way, but to be honest I understand you clearly and this video answer my questions, thank you 🙏

Thank you for giving the clearest explanation and for the advice!

So Helpful, Graham! Thank you!! Moving from being a sole proprietor to LLC

Solid video. Thanks!

You... are extremely helpful, my friend. Thank you!

This video was perfect for me with all the questions in my head that needed to be answered , and some that I didn’t know about. I am starting a Sole Proprietor but hope one day to get into an LLC. Thank you for this knowledge in this video. HIGHLY RECCOMMEND TO WATCH !! I am a beginner and new to all this it really helped out.

EXCELLENT delivery of information 👏🏻

Well explained🙂 🙏🏽Thank you.

I love your format. Nice lighting and upbeat music. Thanks for the information.

This video is fantastic, an essential watch for anyone looking to get into starting a business.

Thank you for your clarity👌 You are sooo Awesome!!!👏👏👏👏

So good Graham. You're always so clear when it comes to explaining these things. I'm going to start my own business soon its probably going to be LLC or S Corp.

4:38 = this is the crux right here. Thank you Graham for explaining this is amazing clarity :) 8:29 also

Thank for this video! Very detailed and simple

Much appreciated. Best and most clear info on this matter by far. Sole proprietor so far but next step turning llc!

Excellent parsing out of this very confusing topic!

This is the clearest example if the differences I've seen and I'm glad I found it before starting as an LLC. Thanks for the video, going to subscribe now!

This is so simple and clear. Great video dude

Brilliant. Thank you. Just what I needed.

You gave me a peace in my mind. First time, I subscribed immediately

Thank you, Graham. I just started a business last year as a sole proprietor and I'm just now learning about both LLC and it from a course I am taking regarding my business (Wedding and Events). I didn't know about either one and just picked sole proprietor because a friend said to. This video was very helpful as we will be discussing this topic on next week's Module. Not sure exactly what all your topics are about, however, I would like to know more about business names. I Just found out that I have chosen a name that already exist although the other name has llc at the end of it. Thank you for sharing in layman's terms.

Thank you for the info you explained in 15 minutes what I have been trying to get answers about for 3 months.

Thanks for laying this information out in a clean and clear way. This was BEYOND helpful.

I liked your video! I have used SP for about 25 years. I do have two DBA's with checking accounts. Since I have seven dependents I've always got a tax refund because my regular write offs from overhead cost don't outweigh what the Fed gives me in standard deductions with the big family. For us ,the idea of an LLC would make sense if we decide to hire people. I'd have to spend lots of money of marketing to create enough business to employ a technician. So far this has never happened. I use sub contractors to assist me with their own business license and insurance. The interesting thing is you can train a person and bring them "up to speed" and that person may realize they can start their own business and make more money on their own..that is how the ball bounces in the real world. If the perks aren't good enough, people just move on anyway.