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  📅 Day 4: Sole Prop vs. LLC vs. S-Corp – Which Saves More? Choosing the right business structure isn’t just a legal decision — it’s a tax-saving strategy. While all three let you run a solo business, they come with different tax treatments, paperwork, and profit potential. Here’s what you need to know: 🧾 1. Sole Proprietor Default status for most freelancers and small business owners. ✔ Easy to set up, no formal registration ✘ You pay self-employment tax (15.3%) on all profits ✘ No legal separation between you and the business ✅ Best for: Just getting started or low-income side hustles 🧾 2. LLC (Limited Liability Company) Gives you legal protection and some flexibility in taxation. ✔ Still simple to run, protects your personal assets ✔ Can choose to be taxed as a Sole Prop or an S-Corp ✘ Still pays self-employment tax unless you elect S-Corp status ✅ Best for: Growing businesses that want liability protection 🧾 3. S-Corporation (via LLC or Inc) Not a ...

C Corporation vs. S Corporation vs. Partnership: Choosing the Right Business Structure When starting a business, selecting the right entity type is crucial for taxes, liability, and management flexibility. Three common structures— C Corporation, S Corporation, and Partnership —each offer distinct advantages and limitations. Let's break down their key differences to help you make an informed decision. 1. C Corporation (C Corp) Best for: Large businesses planning to raise significant capital or go public. Taxation: Subject to double taxation —profits are taxed at the corporate level, and dividends distributed to shareholders are taxed again on their personal returns. Ownership: Unlimited number of shareholders allowed; preferred by investors. Liability Protection: Owners (shareholders) have limited liability —their personal assets are protected from business debts. Management: Operates with a board of directors and officers, ensuring a structured leadership hierarchy. C...