Why you should NEVER do business as yourself
JOIN OUR MAILING LIST: https://www.abundantia.co/
Why you should never do business as yourself. This may sound counter-intuitive, but doing business as yourself - or as a sole proprietor - is a very bad idea in general. In this video, I'm going to explain why.
A sole proprietor or sole trader is a type of business structure where you're effectively working as yourself. A better was to structure the way you do business, whether you are a solo person or not, is via a company structure, corporate entity, trust, or similar. This may all sound confusing, but I'll explain more in this video.
So whether you're trying to lower your tax, save more money, get better banking options, or set yourself up globally for increased freedom, you'll learn a lot in this video about why you doing business in your own name is a bad idea.
0:00 - Introduction
0:51 - The concept and who it's for
1:40 - A legal disclaimer
2:03 - The difference between you and an entity
3:23 - Bad idea one: Liability
6:06 - Bad idea two: Tax
9:24 - Bad idea three: Location Limitations
13:10 - The solution
16:25 - Outro
► IMPORTANT LINKS:
Enter your email below for free weekly lessons and insights into becoming financially free, investing, global tax and corporate structures, passports, residencies, and more.
https://www.abundantia.co/
► SOCIAL MEDIA:
• Abundantia Instagram: @abundantia.co https://www.instagram.com/abundantia.co/
• Sorelle's Instagram: @sorelleamore http://www.instagram.com/sorelleamore
• Abundantia Twitter: https://twitter.com/abundantiaco
• Abundantia Facebook: http://facebook.com/abundantiafinance
Sorelle and Leon.
Founders, Abundantia
Liability Disclaimer: https://www.abundantia.co/disclaimer
#soleproprietor #millionairesecrets #businessstructure
Видео Why you should NEVER do business as yourself канала Sorelle Amore Finance
Why you should never do business as yourself. This may sound counter-intuitive, but doing business as yourself - or as a sole proprietor - is a very bad idea in general. In this video, I'm going to explain why.
A sole proprietor or sole trader is a type of business structure where you're effectively working as yourself. A better was to structure the way you do business, whether you are a solo person or not, is via a company structure, corporate entity, trust, or similar. This may all sound confusing, but I'll explain more in this video.
So whether you're trying to lower your tax, save more money, get better banking options, or set yourself up globally for increased freedom, you'll learn a lot in this video about why you doing business in your own name is a bad idea.
0:00 - Introduction
0:51 - The concept and who it's for
1:40 - A legal disclaimer
2:03 - The difference between you and an entity
3:23 - Bad idea one: Liability
6:06 - Bad idea two: Tax
9:24 - Bad idea three: Location Limitations
13:10 - The solution
16:25 - Outro
► IMPORTANT LINKS:
Enter your email below for free weekly lessons and insights into becoming financially free, investing, global tax and corporate structures, passports, residencies, and more.
https://www.abundantia.co/
► SOCIAL MEDIA:
• Abundantia Instagram: @abundantia.co https://www.instagram.com/abundantia.co/
• Sorelle's Instagram: @sorelleamore http://www.instagram.com/sorelleamore
• Abundantia Twitter: https://twitter.com/abundantiaco
• Abundantia Facebook: http://facebook.com/abundantiafinance
Sorelle and Leon.
Founders, Abundantia
Liability Disclaimer: https://www.abundantia.co/disclaimer
#soleproprietor #millionairesecrets #businessstructure
Видео Why you should NEVER do business as yourself канала Sorelle Amore Finance
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
How to monetize any hobby, skill, or passion (MY 10 HACKS)How to start a $1 MILLION business this weekendWhy the rich own NOTHING (and you should too)How I Became An Overnight MillionaireBuying Gold and Silver for Beginners (How To)How you are PROGRAMMED to be poorHyperinflation is here to destroy your cash (maybe)How to switch from employee to ENTREPRENEUR mindsetMy millionaire success habits that cost literally NOTHINGEvery single way I make money (15 METHODS)The 'Billionaire Algorithm' changed my life9 Bad Money Habits Keeping You Poor (And In Debt)How I saved my first $100,000 (my formula)This company owns the world (and it's our fault) - BlackRock6 money saving MIND HACKS that actually workThese words will keep you POORCommon financial advice that makes me CRINGEHow to turn your knowledge into an online business (the "THREE Cs")Things I don't buy anymore (as a multi-millionaire)