What is incorporation? What is an LLC? What are the benefits of LLCs and S corps, and how can forming an LLC or corporation help protect your personal assets?

We’ve teamed up with on-call Rocket Lawyer attorney Michael Fucci to provide insights on some of the most important questions around choosing a business legal structure, as well as tips on how and when to form an LLC or corporation, and what it may cost on average.

0:00- Intro
0:52- What are the benefits of incorporation?
1:06- Incorporation advantages
1:31- Most popular business structures for small businesses
1:39- Sole proprietorships & partnerships
1:48- What is an LLC (Limited Liability Company)?
1:50- Benefits of LLCs
2:03- What is limited liability protection?
2:42- When should I incorporate?
2:58- How can I save the most in taxes?
3:01- Pass-through taxation vs. double taxation
3:39- Benefits of an S-corp
4:20- How much does it cost to form an LLC?
4:46- How to form an LLC or corporation
5:25- Is incorporating worth it?


Form an LLC or Corporation the easy way with Rocket Lawyer:
https://www.rocketlawyer.com/incorpor...

Open a business credit card and account for your LLC or Corporation:
https://www.brex.com/product/cash-man...


ABOUT BREX
With Brex, business owners can open a Brex cash account to make deposits, send payments, and enjoy helpful accounting tools. Brex comes with a daily credit card to spend funds and earn rewards points on every dollar you spend, while helping you build business credit from day one. There’s no account fees, no transaction fees, and applying will not affect your credit score. Learn more here:
https://www.brex.com/product/cash-man...


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Please note: the above video is not tax or legal advice. Always consult a legal or tax professional before making any decisions for your particular business.