When To Setup Your Biz Entity

I’ve gotten this question a few times since this is one of the excuses that is holding people back from starting. So. It’s time to write this article even though I don’t want to. Before we start.

This is not financial advice.

This is not financial advice.

This is not financial advice.

This is not financial advice.

The only advice I’ll give is to go talk to an accountant/lawyer who specializes in small business. Law and by extension, the IRS, has a lot of grey areas and legalize.

This will cost you like $500 to get actual financial advice. Screwing up and creating a C corp instead of an S corp (or some other mistake) will cost you much more than that $500 in the long run.

The rest of the article is my views on it and what I did.