Sole trader vs limited company article: https://medium.com/@active_accounts/sole-trader-vs-limited-company-which-is-best-for-you-9d8f4298d3c0 Any questions, feel free to drop a comment below or you can contact via the following: Email ► [email protected] Instagram ► @andyactiveaccounts
Views: 4927 Andy Williamson
Visit www.RenttoRentAcademy.co.uk for more great videos and information on property investing and business! Connect with Jacquie on Facebook: http://on.fb.me/1SFvqZY Connect with Jacquie on Twitter: http://bit.ly/20SJYGw About Jacquie: Jacquie Edwards is the Property Go-To Girl. She is a property investor, entrepreneur, best-selling author and newbie YouTuber :) Jacquie helps property investors and business owners boost their businesses with new strategies and top tips! Visit Jacquie's website at: http://www.PropertyGoToGirl.co.uk Visit the #1 place online for Rent to Rent Information: http://www.RenttoRentAcademy.co.uk ______________________________________________ I often get asked if you should register as a limited company when setting up a Rent to Rent business or run it as a sole trader. In this brief video I want to give you some pros and cons of each.
Views: 8308 Jacquie Edwards
In this video I go over 10 Advantages in total for setting up a limited company vs sole trader - Watch until the end for the disadvantages too! My FULL Amazon FBA UK Course: https://jonny-bradley.com FREE AMAZONON FBA UK FACEBOOK GROUP: https://goo.gl/TBPSnn SUBSCRIBE: https://www.youtube.com/jonnybradley 7 Key Advantages Of Having A Limited Company + 2 bonus advantages and disadvantages of setting up a limited company vs sole trader. 1. Tax and Take Home 2. Distinct Entity 3. Limited Liability 4. Naming 5. Shareholders and Funding 6. Costs 7. Selling the Business and Succession 8. Credibility 9.Pensions 10. Splitting Income —— —— Must Have Software or services: Final Cut Pro: https://goo.gl/3ezNhJ Wix Websites: https://goo.gl/yVCXaB FETCHER: https://www.goo.gl/eSd9sa JUNGLESCOUT: http://www.goo.gl/2iLtLj Clickfunnels 14 Day Trial: https://goo.gl/9RJ9fY —— Recommended reading: DotCom Secrets: http://amzn.to/2wyQhZb Expert Secrets: http://amzn.to/2iUG98d 4 Hour Work Week: http://amzn.to/2wyBcH2 Business Idea Factory: http://amzn.to/2x5q8mg Get these recommendations as audio books for free: https://goo.gl/cxEpXo My info :) Facebook: https://www.facebook.com/jonny.s.bradley Instagram @JayBeeJonny Email: [email protected]
Views: 26247 Jonny Bradley
AEL partners are chartered accountants based in London, who have over 25 years experience in providing timely solutions to businesses and their owners. If you would like more information about the video you have just watched, or to speak to Marc Bennett, call AEL partners today on 020 7433 6940 or email [email protected] Alternatively, you can visit the website www.aelp.co.uk.
Views: 6891 AEL Partners
In this video I talk about if you should choose the legal structure of being a Limited Company or a Sole Trader when starting a business. Spoiler Alert - It's a flippin' no brainer, Limited Company every time, anyone who tells you otherwise needs to be tapped to a chair and tickled until they pee. Follow Kevin on Instagram, Facebook and Twitter @thekevindurham
Views: 88 Kevin Durham
What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w The three most common types of structures for a small business are the sole proprietor, LLC, and corporation. These are by no means the only options for business structure; there are many more options out there (e.g., general partnerships, limited partnerships, limited liability partnerships, cooperatives, non-profit corporations, etc.). If you are operating as a sole proprietor, this means that you have not really formed any legal structure of a business entity. If you are just an individual making income from providing services or selling products and you have not registered anything with your state, then you are already operating as a sole proprietor. If you are operating under a trade name (e.g., if I am operating a lawn mowing service under the name “Aiden’s Lawn Mowing Service,” that would be the trade name), then you should file a Statement of Trade Name with the Secretary of State in order to register the fact that you are operating under that trade name. However, just because you file your trade name does not mean that you are an LLC or any kind of entity; you are still just a sole proprietor. The LLC is the most popular entity formation and that is because (in Colorado, at least) an LLC is inexpensive and relatively simple to start and run. To form an LLC, all you have to do is file Articles of Organization with the Secretary of State (or whatever agency operates business organizations in your state) and boom! you've got yourself an LLC. Of course, there are other things you need to do to make sure your LLC is going to protect you personally and to avoid piercing the corporate veil. Similar to a sole proprietor, all of the income to the business is taxed as if it were personal income to the business owner. Finally, the biggest difference between an LLC and sole proprietor is that an LLC does give you that liability protection. So, if there is a lawsuit, or if the LLC is subject to some liability, then you as the business owner should be personally protected and your personal assets would most likely be safe from those liabilities. When I say "corporation" in this context, I am referring to a C-Corporation specifically. (I'm going to touch on the S-Corporation in just a minute.) The corporation is a little bit more complicated and expensive to set up, but there are some instances where it would be useful to have a corporation. First, it’s important to know that there are three groups of players in a corporation: Shareholders, Board of Directors, and Officers. Shareholders are basically the owners; they own shares of the corporation. The Board of Directors is responsible for making decisions about the operation of the corporation. And the Officers are generally those that are actually participating in the business and managing the business and all of its activities. Despite these various players, a small business can still form as a corporation and the Shareholder, Board of Directors, and Officers can all be one person. In other words, one person can hold multiple positions within the corporation. To create a corporation, you will need to file Articles of Incorporation with the Secretary of State. You will also need to write Bylaws, which are essentially the same as an Operating Agreement. The Bylaws say how the corporation is going to be run and managed and operated. If there are going to be multiple shareholders, then you will probably also want to have a Shareholder Agreement. One of the biggest drawbacks of a corporation is that corporations are subject to double taxation. When money comes into the business it is taxed at the corporate rate as income to the corporation, then when money is distributed to the shareholders, it is taxed again as dividends to the shareholders. Finally, just like an LLC, the corporation provides liability protection to the Shareholders, the Board of Directors, and the Officers in most instances. Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 Thumbs up & subscribe if you want more AUIYB! The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved.
Views: 196142 180 Law Co. LLC
Our thoughts on the differences between starting your business as a sole trader or a limited company --------------- Stickers: http://dedicationblog.bigcartel.com Blog: http://www.dedicationblog.com FB: http://www.facebook.com/DedicationBlog Instagram: @dedicationchris @dedicationsi Snapchat: @dedicationsi
Views: 9470 DedicationBlog
Emily Coltman, Chief Accountant at FreeAgent (http://www.freeagent.com) and author of 'Finance for Small Businesses' and 'Micro Micronationals', explains the differences between running your business as a sole trader or as a limited company.
Views: 20324 Enterprise Nation TV
This video is about: - What is sole proprietorship | - How to Apply for sole proprietorship In this video, we ll discuss about: sole proprietorship Management and sole proprietorship Working: sole proprietorship - 1. sole proprietorship Form 1 - 2. sole proprietor CNIC - 3. sole proprietor NTN (Individual) - 4. sole proprietor Membership form - 5. sole proprietor Bank Account Holding Certificate - 6. MemberShip Form For sole proprietorship - 7. Letter Pad - 8. Membership requesting letter How to Apply for sole proprietorship: After Wataching the video viewers will be able to understand about the Procedure of sole proprietorship. Like All Type of sole proprietorship Pakistan, punjab or other District. Thanks for watching our videos. Share this video with your friends. Don't forget to Subscribe our channel. AOP Firm Registration Link https://youtu.be/sBUl8-5MhfU How to Make Individual NTN: https://youtu.be/ZJNnj_qQOrg How to make Bank Account: https://youtu.be/BDlz9zSWz5E How to make Letter Pad: https://youtu.be/PXPUre1ornY Get in touch: - FB Page : https://www.facebook.com/SansserEntertainment/ - G+ : https://plus.google.com/u/1/discover?pageId=none - Twitter : https://twitter.com/sansserenterta1 For more Info Contact Us Mobile Number: 0092-304-6833420
Views: 1730 Sansser Entertainment
Setting up your new business, unsure about forming as limited company or Sole trader? Nicola Padden partner at http://westbury.co.uk explains the pros and cons of it.
Views: 2055 Westbury Accountants & Business Advisers London
Here’s another business growth tip from Jon Davies Accountants. Do you understand what is involved in the process of moving from a Sole Trader to a Limited Company is? Do you know what the difference is and the steps you need to take? Find out now by watching our latest video. We are a firm of Chartered Accountants based in Liverpool. We work with business owners across Liverpool, Merseyside, and the whole of the UK. As well as accounts and tax for businesses and individuals, we specialise in business growth advice to entrepreneurs. If you’d like more business advice from Jon Davies Accountants, please subscribe to our channel. If you’d like a chat, please contact us on [email protected] or by phone on 0151 380 8081. You can also subscribe to our email newsletter for more tips at http://eepurl.com/c4DVpv
Views: 34 Jon Davies Accountants
Let's look at two common legal structures used to start businesses, as well as the major drawback of one (and advantage of the other). Please watch the entire video before commenting, as some of your questions may be answered later on. Also, sorry for the grainy quality, that is a result of poor lighting. I am not used to shooting indoors! :) Copper Creek Cuts is a lawn care and landscaping business in Florida with a family-friendly YouTube channel! Want to support the channel? Here are a few ways you can do so financially: Copper Creek Cuts Logo Vinyl Decal Sticker (3.6" X 4") - Email [email protected] to purchase these $5 logo stickers. Lock N Lube Affiliate Link: http://bit.ly/2Pxyb3Q Patreon: https://www.patreon.com/coppercreekcuts A small monthly contribution gets you access to Patreon only posts, videos and giveaways. Contact me: [email protected] 2018 Lawn Care Setup: 2018 Chevy Colorado WT 2016 Peach Cargo 5x10 Enclosed w/V-Nose & Side Door 2017 Bobcat QuickCat 36" Stander 2016 Big Dog Alpha 36" Zero-Turn ECHO PAS2620 Power Base ECHO 58V Power Base Poulan Pro PP25SFA Power Base ECHO Pro-Torque Trimmer Attachment ECHO Straight-Shaft Edger Attachment ECHO Articulating Hedge Trimmer Attachment ECHO 3 Foot Extension Attachment Poulan Pro Pole Saw Attachment ECHO SRM-3020U ECHO PB770T Blower ECHO PB8010 Blower ECHO HC150 Hedge Trimmer ECHO 58V Hedge Trimmer Worx 40V Hedge Trimmer DJI Spark GoPro Session 4 GoPro Hero (2018) Website: https://coppercreekcuts.wixsite.com/coppercreekcuts Facebook: https://www.facebook.com/coppercreekcuts/ Instagram: https://www.instagram.com/coppercreekcuts/ Patreon: https://www.patreon.com/coppercreekcuts
Views: 1029 Copper Creek Cuts Lawn Care
Choosing a legal structure is one of the most important decisions you'll make when starting your business. Informi is a free and impartial online resource for small businesses and startups. You can find more about choosing a legal structure here: https://informi.co.uk/articles/how-do-i-choose-legal-structure-my-business Download our free how to start a business in 20 days ebook here: https://informi.co.uk/articles/how-start-business-20-days-ebook
Views: 3791 Informi
►► From no audience to income in 30 days. Download my FREE 30 Day No Hustle Business Plan → http://GrahamCochrane.com/30days One of the biggest questions I get as a business coach is “Should I run my business as a Sole Proprietor or setup an LLC?” Maybe you’ve asked that question yourself. Perhaps you’ve been confused about which one makes sense from a tax perspective for your business. Or maybe you actually thinking: “I don’t even know what either of those are and why should I care?!” Today I want to simply explain the differences between the two and give you a simple and easy framework to know which is the right entity for your business.
Views: 9016 Graham Cochrane
Are you a sole trader looking to save some tax? By switching to a limited company, you could be saving vast amounts of tax and national insurance resulting in more cash at your disposal. Here at Lite Tax, we are dedicated in ensuring that your business becomes more enjoyable and easier to manage. By keeping your tax bill light, your rewards become heavier. For more information, visit our website: www.litetax.co.uk Also check out our Facebook page: https://www.facebook.com/litetaxltd/?ref=br_rs
Views: 95 Lite Tax
Sole Trader vs Limited Company Irish legal company structure
Views: 1115 VisualMarketingCompany.com
This video is a quick guide to sole traders. It includes answers to common sole trader questions; What is a sole trader? What are the advantages to being a sole trader? What are the disadvantages to being a sole trader? My next video is a quick guide to limited companies. Create a bookkeeping spreadsheet using Microsoft Excel http://youtu.be/LlWADbkGdac 30 Free Day Trial on KashFlow Accounting Software http://www.kashflow.com/?code=AFF2105084 Free Bookkeeping and Accounting Course https://www.youtube.com/watch?v=IhYJbCAcCKE&feature=c4-overview&list=UUgPrg8qyvKaiED9tvdAIfpQ Try Crunch Accounting Software! http://www.crunch.co.uk/?aid=samuel3a Learn more at www.freebookkeepingaccounting.com
Views: 15552 BookkeepingMaster
Emily covers everything you need to know to make an informed decision about whether to be a Sole Trader or Limited Company.
Views: 6792 MadeSimple
Sole trader business is the most common form of business in the world. This video clearly explain advantages and disadvantages of sole trader business, as well as legal responsibilities of a sole trader owner in UK to avoid penalties.
Views: 3108 BUSINESS IN A SECOND
http://www.setupacompany.co.uk - One of the first decisions you'll need to make when starting a business is whether you'll be a sole trader or set up as a limited company. Ultimately the correct decision will depend on your own circumstances. In this video we examine the pros and cons of both options.
Views: 1368 SetupaCompany
1. The owner of a sole proprietorship is solely liable for all debts and actions of the company. All personal wealth is linked to the business. 2. Limited Ability to Raise Capital. 3. Limited Expertise and Growth Potential. 4. The Business Dies With Its Owner. 5. Sole Proprietorships Have Fewer Ways to Raise Money. 6. All the responsibility for making day-to-day business decisions is yours. 7. Retaining high-calibre employees can be difficult. 8. Investors won’t usually invest in sole proprietorships. 9. Lack of financial controls. 10. It can be hard to take holidays.
Views: 1813 Patel Vidhu
This video examines the main differences between a business run by a sole trader or as a partnership and a company, managed by its director/shareholder. Click here to call us to find out more: https://ask.cloudaccountingni.com/call-us Or try asking our chatbot, CLaiRE: https://ask.cloudaccountingni.com/chatbot
Views: 15 Cloud Accounting LLP
Registering your company has never been so easy, start now. https://www.ecompanies.com.au
Views: 25242 eCompanies
START YOUR LLC HERE: http://www.tkqlhce.com/click-8405317-5029467 COURSES: -Amazon Course + 2 Months of Mentoring: https://goo.gl/LTB1Vp -YouTube/Personal Branding Course: https://goo.gl/PgARrR -Affiliate Marketing Mastery: https://goo.gl/cSioEH MY GAMING CHANNEL: https://goo.gl/CLgEbg FREE GROUPS: -Youtube/Personal Brand FB Group: https://goo.gl/pjMD4F Free Entrepreneur Mentoring Group: https://goo.gl/CZEB5U TOOLS: -JungleScout: http://goo.gl/Vb4HdO SOCIALS: -Instagram: https://instagram.com/tannerjfox -Facebook: https://www.facebook.com/TannerJFox
Views: 24811 Tanner J Fox
Crunch's Accountants, Chris, Cameron and Ben, talk us through your options when looking to record expenses through your limited company, as well as some of our FAQs about general expenses. Our article 'What expenses can I claim as a Limited Company?' explains everything in this video and more: https://crch.co/2xQLsdV Items Discussed in this video: Business Travel 0:36 Subsistence (food/drink) 2:35 Entertainment 3:55 Other common expenses 4:33 Use of home 6:22 Pension 6:56 Fixed Assets 7:32 P11D Expenses & benefits 8:11 The information given in this video is correct as of December 2016. For more information on our services visit us here: https://crch.co/2xUiNEU Follow us on twitter at: @teamcrunch @crunchchorus
Views: 62024 Crunch
If you're trying to figure out which business structure is right for you then have a look at this video which will give you an idea of the benefits and drawbacks of each.
Views: 618 Northants Accounting
We are asked so often by our clients, both limited company directors and sole traders whether they are better off putting their cars through the business or not, and the short answer is... it depends... As a sole trader if you are vat registered you have no choice - your car goes through the business whether you like it or not. That means all of the associated expenses also go through the business - the cost of buying and maintaining your vehicle, your fuel, road tax, insurance and so on can all go through business. But you still have to keep mileage records! Because you only get tax relief on the actual business element of your travel. If you aren't VAT registered you can choose whether to claim mileage or put your vehicle through business, and every time you change vehicle you can change which way you account for it, so speak to your accountant about what works best for you. As always, if you like what you see, please give us a thumbs up, and if you have any questions, please don't hesitate to get in touch via all the usual means. https://www.in-accountancy.co.uk/sole-traders-partnerships/
Views: 208 IN Accountancy
For an online business which type of company is good for you. Partnership vs LLP vs Private Limited Company vs OPC vs Partnership
Views: 250131 AMZ Blast
Should you be self employed or a limited company? The difference in tax treatment and basic choice is explained here in simple english. Regardless of the structure which you go for, if you need a hand with your receipts, do contact http://www.boogles.co.uk - Bookkeeping, Payroll, Year End
Views: 82070 booglesb
So your business is growing and you've heard that it could be beneficial if you incorporate and continue your business on in this manner. In this video, Shayan Rashid (Partner) outlines the steps required to convert your sole proprietorship into a corporation in Canada. 1.Limited Liability Protection: This is the case when you own a corporation and you get sued, only the assets within the corporation are exposed to that potential lawsuit. 2. Lower Corporate Tax Rate: In Ontario, the corporate tax rate is 15% combined with federal taxes. 3. Income Splitting: It gives you the ability to add family members on as shareholders and pay them a percentage of the profits each year. The process of converting involves eliminating the sole proprietorship, removing the tax accounts and transferring both tangible and intangible assets. Make sure you give us a call so we can properly guide you through the process and ensure all the paperwork is correctly filed with the Canada Revenue Agency. SRJ Chartered Accountants (647) 725-2537 | info[at]srjca.com http://www.srjca.com/ 330 Bay Street, Suite 1400 Toronto, ON M5H 2S8
Views: 3529 SRJ Chartered Accountants
Are you a sole trader? One of the most important challenges in running your business is to structure it to make it the foundation for your success. Watch this to briefly review your options. Read more here: http://beany.com.au/sole-trader-vs-company-vs-trust/
Views: 1718 Beany
If you are starting an online business and trying to figure out which business entity to form, this video is right up your alley. For all intensive purposes, there are three main entities you should consider: 1. Sole Proprietorships 2. Limited Liability Companies (i.e. LLC) 3. Corporations There are many pros and cons to each which are discussed in the video. Some of the links below are affiliate links. If you purchase through these links, it won’t cost you any additional cash, but it will help to support my channel. Thanks! To start your own LLC, click here: http://hawthornlaw.net/incorporate Click here for an operating agreement template that you can use for your LLC: http://www.hawthornlaw.net/llc-operating If you need to get a hold of me, you can schedule a call using this link: https://hartlawfirm.as.me/legal-coaching **Unless you are a legal or private coaching client, I do NOT respond to emails or contact form submissions.** To sign up with a payroll service I use and love, click here: http://hawthornlaw.net/payroll Need more information on starting a business? Download our cheatsheet here: https://www.hawthornlaw.net/cheatsheet Want the Ultimate Business Building Checklist? Click here: https://www.hawthornlaw.net/ultimate I use Vidiq to optimize my videos, here is an affiliate link if you would like to support me and sign up for their free plugin: https://hawthornlaw.net/vidiq This video is for entertainment and informational purposes ONLY and should NOT be considered legal advice. By watching a video or commenting on a video, we are not forming an attorney-client relationship. If you need specific legal advice, please ask an attorney in your state. #hawthornlaw #LLC #onlinebusiness
Views: 3170 Hawthorn Law
Blog: https://icanlawyer.com/2018/02/08/comparing-business-structures/ Attorney Michelle Hardin from Hardin Law, P.A. continues the I Can Lawyer™ Business Law Series by explaining six major business entities. Specifically, she reviews the advantages and disadvantages of the sole proprietor, the general partnership, the limited partnership ("LP") the limited liability partnership ("LLP"), the limited liability company ("LLC"), and the corporation. In this video Michelle Hardin, Esq. reviews the tax advantages, the membership advantages, the management advantages, and the liability advantages of each business type. She answers important questions like "Is a corporation more likely to be audited than a sole proprietor?" "Which business structure will protect you the most from personal liability?" "Will it cost me more money to start or maintain a corporation?" For convenience I Can Lawyer™ has released an easy reference chart listing all the advantages and disadvantages reviewed in this video at https://icanlawyer.com/2018/02/08/comparing-business-structures/. If you don't know what steps you need to take in order to start forming your business, or if you need a quick review of what steps you should be taking to legally form your business, make sure you watch last week's video at https://youtu.be/yNXxzaKSJY0. This video is an I Can Lawyer™ production. The lawyer featured in the Business Law Series is Michelle Hardin, Esq. located in Miami, Florida. You can contact Michelle Hardin through her website at http://www.hardinlawpa.com or by calling (833) 309-3030.
Views: 1717 I Can Lawyer™
Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/180lawco www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved.
Views: 21473 180 Law Co. LLC
When you are starting your business, the most important question would be whether you should start your business as a #Proprietorship, as a #Partnership, as a #LimitedLiabilityPartnership (LLP) or as a #PrivateLimitedCompany. This video clearly explains the difference between Proprietorship, Partnership, LLP and Private Limited Company and how you can choose between them. Link to know about : https://vakilsearch.com/advice/pvt-ltd-co-vs-llp-vs-opc/ If you need any help with starting your business, all you need to do is send an email to [email protected]
Views: 87343 vakilsearch