Corporation Vs LLC (1 of 2)
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I love this simple, easy-to-understand video of the difference between a corporation and an LLC and when to use each.
2 years ago 7
All Comments (19)
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1 person's still scratching their head...
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Thanks man, your awesome
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What exactly he says at: 1:32 ? I got: "The owner or member of the LLC can be protected from that membership interspin?? taken away in a lawsuit"
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I mistakenly hit the "CC" button, that apparently does automatic captioning. What a hilarious tool it is. For "you can be protected against liabilities" it writes "you can be protected against latinos". For "the owners of a corporation or the owners of a limited liablity company" it writes "The owners of a corporation were you lovers and women like going jogging". Then there's "Isreal is the stop", "manage by a teenager", "lot of relatives", "managers have zero dollars" and more in there.
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thank you, a great video indeed
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Can I start an LLC to manage fitness classes in a condo? With an LLC, can I hire a part time front desk and self employed aerobic instructor?
HD101PRODUCTIONS 2 months ago
@HD101PRODUCTIONS
Naturally, we need to recommend seeking legal advice to get all the details, but I see no reasons an LLC cannot be used to operate a fitness business. I'd check to see if your condo association will allow this.
1800company 2 months ago
Finally, a video I can understand about the corp vs LLC question. Also talks about S corporations and C corporations.
topspeak 2 years ago 9
"The owner or member of the LLC can be protected from that membership interest from being taken away in a lawsuit" Membership interest is one's percentage of ownership in the LLC.
1800company 1 year ago