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Forming an LLC is a great way structure a business. Especially a new one.

However, contrary to popular belief, not everyone needs one.

When I was first starting off in the world of self-employment and dealing with taxes… I thought that having a specific type of corporate structure would help me save money, make money, achieve all the goals I had set and more.

Boy was I wrong.

Therefore, in this video, your favorite Uncle/Cousin is going to share with you, what I wish someone would have told me before I started my business.

Update as of 11/11/2022:

The question I get asked the most from this video is "Do I Need One" and I understand the reason why I get asked this question, even though I just explained why you don't need one in the video. So here is the alternative - Form a DBA (   • The DBA | What It Is & How To Form One  ) and get some good business insurance. For the insurance, I personally use Hiscox and here is my affiliate link to get a free quote:
http://theselfemployedtaxguy.com/Insu...

📒 Show Notes and Resources 📒

My mission as The Self-Employed Tax Guy is to help 10,000 minority entrepreneurs build a business that will allow them to live the lifestyle of a successful entrepreneur.

Here are the ways to work with me:
⚡️FREE Business Blueprint: Learn how to start a business without an LLC: https://businessblueprint.theselfempl...

⚡️BOOK: Avoid the #1 financial mistake that is costing entrepreneurs thousands: https://protectyourprofits.theselfemp...

⚡️THE COMMUNITY: Do go at it alone! Join my exclusive online private community and Stay Connected with likeminded entrepreneurs just like you: https://theselfemployedtaxguy.com/com...

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QUESTION — What videos would you like us to make on this channel?