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LLC vs Sole Proprietor: Which Is Best For Freelancers | Back To Basics

If you've ever wondered whether you should operate as a sole proprietor or form an LLC, this episode is just for you! We'll dive into my own personal journey, why I avoided LLCs for so long, and ultimately, how you can make the best decision for your freelance business.
 
Now, I want to point out that this discussion is specifically for US-based freelancers. I wish I could cover every business entity in every country, but my knowledge is limited to what's available in the US. So, if you're based elsewhere, I apologize, and I hope you still find value in the conversation.
 
In this episode, we'll explore the key differences between a sole proprietor and an LLC, and how they can sometimes look and feel the same. I'll also share some recent insights I've gained to help you make a more informed decision for your business.
 
I truly believe that this episode will provide you with a better understanding of the advantages and disadvantages of both sole proprietorships and LLCs, ultimately helping you choose the best path for your freelance business. So, grab a cup of coffee, get comfortable, and let's dive into this (not so) exciting topic together!
 
In this episode you’ll discover:
  • Which business structures to consider for your business
  • The advantages of running an LLC
  • How to set up your LLC

Categories
Podcast

Back To Basics: Avoiding The Common Mistakes of Self-Taught Freelancing

I wanted to share something with you that's been on my mind lately… as a self-taught entrepreneur, I skipped SO many of the basics when it comes to running a healthy business.
 
This dawned on me when I found myself looking up answers to things most people should know when they first start their businesses.
 
This made me realize that the vast majority of freelancers probably have similar blind spots in their own businesses, so I've decided to do something to celebrate our 250th episode…
 
We're taking a step back from our normal “advanced” topics to revisit the fundamental basics of freelancing, and I'm inviting you to join me on this journey. No matter your experience level or income, we all have something to learn and improve.
 
In this episode (and the upcoming series), I'll be sharing my own experiences as a self-taught freelancer who's made multiple millions but still needs to figure out some of the basic things I've skipped.
 
My goal is for us, the 6 Figure Creative Community, to come together and create healthier, happier businesses. And I believe that starts by focusing on the fundamentals.