If you need any advice or support to start your own business, contact BES on 0845 6787 826 or visit www.enterprisesupport.org If you need funding to get your idea started, apply for a Virgin Start Up loan: www.virginstartup.org/bes - Thinking of starting a new business? Have you decided to set up as a sole trader, partnership or limited company? Our Enterprise Coach, Martin Russell dispels some myths and raises some considerations you should take into account when choosing a legal structure for your new business. Starting as a Sole Trader Martin outlines some of the advantages and disadvantages of starting as a sole trader over other structures. We've also got a video on how to start a partnership too, watch it here: https://youtu.be/Em73jHsqafY
Views: 3238 Business Enterprise Support Ltd (BES)
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: 15444 BookkeepingMaster
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: 194870 180 Law Co. LLC
STARTING A SOLE PROPRIETORSHIP The various different type of business: • Sole Proprietorship, • Partnership or LLP, • Corporation • C Corporation, • S Corporation, • Limited Liability Corporation (LLC). I go into detail on the pro's and con's in my blog post "Which Business Entity To Choose" at christinewilcher.com. In this blog we will focus on a sole proprietorship business. Please check out future blogs for information on starting other types of business entities Step 1: Sole Proprietorship Sole Proprietorship - Usually owned by one person Pro's and Con's when starting a sole proprietorship + Pro's - Con's • The easiest business entity to create • The cheapest business entity to create • The quickest business entity • No protection for your personal assets. • Everything is attached to your personal credit • Greater chance of you being audited • Takes your business out of consideration for some government and business to business contracting • Some may view it as less trust worthy Starting a Sole Proprietorship steps 1. Legally accepted picture ID 2. County Clerk Office address and office hours 3. Determine the new business name 4. Ask for the Sole Proprietor Doing Business As (DBA) business form 5. Fee (in Texas it is less than $20) NOTE: You will be provided a sealed stamped document verifying you have a business (keep this for in a safe place) Step 2: Get your EIN number. Why do you need an EIN number when stating a sole proprietorship? • You will need an employer identification number to do business as any entity other than a sole proprietorship (Sole Proprietors can use their social security number) • The EIN number is how the IRS identifies the business, and is used when filing income tax. • You will need your EIN number • to open your business bank account and • Sign up for DUN and Bradstreet ( to establish your business credit) • Sign up for CCR ( if planning to do government contracting) • NOTE -- U.S. Banks are required to notify the IRS when accounts have cash deposits of 10,000 plus. To find more information check out the Bank Secrecy Act. How much does an EIN number cost? • It is FREE to get an EIN number. Where to Get your EIN number? • To get your Employer Identification Number (EIN) you will need to go to IRS.gov and fill out an SS-4 Form or click the link below and select Apply online now http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online What Information will I need? • You will need to have provide your business type and personal information. • NOTE - Depending on the type of products or services provided you may need to get a sales tax certificate. Check with your state Comptroller's office to get more details. Step 3: Open a Business Bank Account when stating a sole proprietorship • Go to your local bank or credit union and see if they offer business accounts. Otherwise you can inquire at any bank but I go with the bigger banks so I have access to • Chase -- At the time of this video chase has a second chance account which all you to open an account if you have bad credit and • Wells Fargo -which in my opinion offers more services to help small businesses. • TIP- if you have bad credit talk to a friend or relative to see if they will open the business account for you and add you as a signer on the account. It helps if you offer them a small ownership stake. Step 4 : Create a Web Presence You will need: • Web hosting -- Bluehost HostGator Step 5 (Optional): Create a Business Plan For additional information on starting a business consider the following resources: Step by Step manual by Robert Berman The Small Business Start-Up Kit: A Step-by-Step Legal Guide NOTE - I will go more into future blog posts on how to setup an online presence. Disclaimer: I am not an attorney or accountant please seek professional services for additional information. My views do not represent the views of any of the companies or entities listed.
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: 9466 DedicationBlog
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: 3057 BUSINESS IN A SECOND
An HMRC presentation for people who start to work for themselves which explains how to register with HMRC for tax and National Insurance purposes. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Why not ask a question or share your experiences on HMRC’s Small Business Forum? You can find it here: https://online.hmrc.gov.uk/webchatprod/community/forums/list.page Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account To register with HMRC, visit: http://www.gov.uk/new-business-register-for-tax
Views: 34739 HMRCgovuk
►► 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: 8111 Graham Cochrane
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: 24394 Tanner J Fox
This video discusses general business formation and starting your photography business as a Sole Proprietor and what that means as a business entity. Find more business information for photographers on where to start, like getting permits or licenses, as well as what a DBA is on my website Nifty Knowledge Rocks at http://niftyknowledgerocks.com.
Views: 2809 Nifty Knowledge Rocks
Start-UP Business: HOW TO REGISTER YOUR BUSINESS UNDER SOLE PROPRIETORSHIP Ensure full and legal operation of your business through proper registration. Whether you’re starting an online store, a neighborhood shop, or building an office, the first step is to register your business with the Department of Trade and Trade, Bureau of Internal Revenue, and Social Security System (SSS). By Start-UP Business Subscribe Like us on Facebook: Start-UP Business #howtomakemoney #money #makingmoney #investment # philippines #trending #cash #fastcash #quickloans #business #finance #startupbusiness #startups #entreprenuer #makemillions
Views: 2010 Start-Up Business
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: 25775 Jonny Bradley
Check out Bas Rutten's Liver Shot on MMA Surge: http://bit.ly/MMASurgeEp1 http://www.mahalo.com/business-entities-sole-proprietorship/ Keith Hall, a registered CPA and small business owner with over 20 years experience is here to help you with your small business questions. In this video, Keith explains the benefits and pitfalls of choosing a sole proprietorship as your business entity. Check out the rest of our tax videos here: http://www.youtube.com/view_play_list?p=C90C48F4B15F6911 Check out the related Mahalo Pages: How to Avoid a Tax Audit: http://www.mahalo.com/how-to-avoid-a-tax-audit How to Check Your Tax Refund Status: http://www.mahalo.com/how-to-check-your-tax-refund-status How to File For a Tax Extension: http://www.mahalo.com/how-to-file-for-a-tax-extension How to File Taxes If You Haven't Filed in Years: http://www.mahalo.com/how-to-file-taxes-if-you-havent-filed-in-years How to File Taxes as a Gay Married Couple: http://www.mahalo.com/how-to-file-taxes-as-a-gay-married-couple How to Determine Your Tax Filing Status: http://www.mahalo.com/how-to-determine-your-tax-filing-status How to Choose the Right Tax Forms: http://www.mahalo.com/how-to-choose-the-right-tax-forms 1040ez Tax Form: http://www.mahalo.com/1040ez-tax-form How to Organize Tax Documents: http://www.mahalo.com/how-to-complete-a-1040ez-tax-form How to Set Up a Tax Payment Plan: http://www.mahalo.com/how-to-set-up-a-tax-payment-plan Check out more Mahalo playlists: 2011 Grammy Guitar Lessons: http://www.youtube.com/view_play_list?p=554B7E896F42D97C How to Cook: http://www.youtube.com/view_play_list?p=7016D638D52E3652 How to Bake: http://www.youtube.com/view_play_list?p=26285631199B5B14 Mahalo Daily Videos: http://www.youtube.com/view_play_list?p=4F1A4F3978CDD3EC How to Play the Xylophone: http://www.youtube.com/view_play_list?p=F1EFA91B8B5F3929 Green Living: http://www.youtube.com/view_play_list?p=3CA63D48E28E7759 How to Speak Russian: http://www.youtube.com/view_play_list?p=31098EC11EAF8623 Mahalo Travel: http://www.youtube.com/view_play_list?p=F348A1D1C148415D Learn Biology: http://www.youtube.com/view_play_list?p=16EB9E5F60FAD9BD How to Play Guitar Songs: http://www.youtube.com/view_play_list?p=BE077DEF7EB33D00
Views: 29370 mahalodotcom
Setting up as a self-employed sole trader is a simple way to start a business. In this video, we show you how to do it. Subscribe to SmallBusiness and follow us on other channels: Website: https://smallbusiness.co.uk/ Twitter: https://twitter.com/smallbusinessuk Facebook: https://www.facebook.com/SmallBusines... Podcast | Soundcloud Small Business Snippets: https://soundcloud.com/bonhill-group-plc
Views: 610 Small Business
In this episode I answer the question when and how do you register a new business in the UK. Subscribe here for more videos: https://goo.gl/mOr9E3 Click Show More to find out more. This is a question I have been asked a few times and whilst it may seem scary it's actually quite straight forward to do. If you plan on making money and start trading then it is super important to get your affairs in order before you start. The last thing you need is to get shut down or fined before you've even really started. Below are some links that you will find useful. LINKS http://www.greatbusiness.gov.uk/starting-a-new-business/ https://www.gov.uk/limited-company-formation https://www.gov.uk/limited-company-formation/register-your-company If you have any comments or questions about getting started registering your business let me know in the comments section below. Don't forget to hit that like button and subscribe if you are new (It's Free) ------------- SOCIAL- Facebook - https://www.facebook.com/themancentrepreneur/ Instagram - mancentrepreneur ------------- WANT MORE VIDEOS LIKE THIS ONE? Subscribe here for the LATEST updates: https://www.youtube.com/c/MancEntrepreneur?sub_confirmation=1 For more videos like this one, see my YouTube Channel here: https://www.youtube.com/c/MancEntrepreneur
Views: 5827 Manc Entrepreneur
LLC vs. Sole Proprietorship: Set Up Your Design Business The Right Way. Rebecca Heinemann needs to raise her business IQ. In this coaching session, Chris walks her through the Pros/Cons of setting up as a sole proprietorship, limited liability company, and corporation. 1:00 Set up an LLC-Limited Liability Corporation to protect yourself lawsuits and gives you greater flexibility when it comes to taxes. 1:34 Discussion about limited liability corporations 2:26 Common types of business entities: sole proprietorship, llc and corporation. Questions to ask yourself. 3:40 Benefits of sole proprietorship: uncomplicated, simple tax benefits, low processing fee 3:55 Cons of sol proprietorship: personally liable, high audit rates, can't raise capital, no separation 4:42 Pros/Cons of LLC 5:50 Definition of Corporation 7:00 Call your accountant or CPA for professional advice on liability and tax planning. Enroll in our Business Bootcamp: https://www.thefutur.com/business-bootcamp-fall-2018/ Suggested reading list: "101 Things I Learned in Business School" https://amzn.to/2vhiylS "Creative Strategy and the Business of Design" (by Douglas Davis) https://amzn.to/2M3ffZ3 "Burn Your Portfolio" by Michael Janda https://amzn.to/2nbOwLK Craftwell by Rebecca Heinemann http://www.craftwellstudio.com Enjoy this video? Here's the Rebecca Heinemann Playlist; https://goo.gl/ZKxaRo 👉Subscribe: https://goo.gl/F2AEbk Want a deeper dive? Typography, Lettering, Sales & Marketing, Social Media and The Business of Design courses available here: https://goo.gl/bRt5qd — Love the content? Become a sustaining member for $5/mo today. https://goo.gl/uKcJ3N Our BOOKLIST: https://goo.gl/onrdxr Kits & Proposals: https://goo.gl/mSjuWQ Visit our website: https://www.thefutur.com FREE resources: https://goo.gl/Qh6gHr Mandarin (Chinese) Subtitles on UiiUii https://uiiiuiii.com/?s=the+futur — OUR AFFILIATE LINKS* Webflow: http://bit.ly/2EbET9l Retro Supply Co.: http://bit.ly/2GW8gzR Skillshare: https://goo.gl/YCo2uT Amazon: http://a.co/7abg3DD Creative Market: https://goo.gl/g4jlTE Design Cuts: http://bit.ly/2GSsAR3 Artlist: https://goo.gl/aN8idZ — Futur Podcast on iTunes: 🎙 https://itunes.apple.com/us/podcast/the-futur/id1209219220?mt=2 — Host– Chris Do Writer– Melissa Katherine Cinematography– Aaron Szekely Editor– Stewart Schuster Futur Theme Music – Adam Sanborne http://www.adamsanborne.com Annotations– Melissa Katherine Typefaces: Futura, Din, Helvetica Neue Futur theme song— Adam Sanborne === *By making a purchase through any of our affiliate links, we receive a very small commission at no extra cost to you. This helps us on our mission to provide quality education to you. Thank you.
Views: 10055 The Futur
Are you ready to start a new business? Visit: https://www.a1corp.com.sg/ We provide express Singapore Company Incorporation or Singapore Business Registration in just 30 minutes, subjected to ACRA approval. If you are interested to start a new business in Singapore, you may consider setting up a Sole Proprietorship or Partnership. Compared to other forms of business registration, this form of business organisations is much simpler with regards to business compliance requirements. To register a sole-proprietorship, there is a need to have 1 manager and 1 owner in the business. The manager and owner may be the same person, must be a Singaporean or Permanent Resident of Singapore, and is over 18 years old. Profits of the business is kept by the sole proprietor. Our Business Registration Singapore package for Sole Proprietorship is only at S$288 and includes the services mentioned at https://www.a1corp.com.sg/business-registration-singapore-promo/ It cost only S$248 inclusive of ACRA fees if you do not need virtual office and round stamp service. To register a partnership, there must be at least 1 manager who is above 18 years old. This manager must be a Singaporean or Permanent Resident of Singapore. There must be between 2 to 20 partners in a partnership. Our Business Registration Singapore – Partnership Formation packages can be viewed at https://www.a1corp.com.sg/business-registration-singapore-partnership/ We need the following information to register your business. - 2 to 3 proposed company names to expedite the process in the event the names are already used. - Description of a principles activities. - Registered office address, this can either be the physical office or the address of their business solutions provider. - A copy of the locally issued identity card of a Local Manager cum Owner Starting a business may be complex and may take considerable effort. Business owners can register their busienss fast and easily with our express business registration services. Company Name: A.1 Business Pte Ltd Address: 10 Anson Road International Plaza #27-15 Singapore 079903 Telephone: 66531218 Email: [email protected] Web: https://www.a1corp.com.sg https://youtu.be/v_OLqMt-g84 singapore business registration business registration number sole-proprietorship registry of companies singapore company incorporation singapore company formation renew business registration singapore company registration business name registration singapore register company register company Singapore acra Singapore starting a business in Singapore acra business registration
Views: 218 A1 Business Pte Ltd
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: 8255 Jacquie Edwards
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: 21330 180 Law Co. LLC
I recently learnt exactly when you should register a limited company in the UK. There's lots of things to think of when going from sole trader to limited company. In this video, I outline the benefits and negatives of creating an LLC and explain exactly when to transition. ADD ME ON: ►INSTAGRAM: https://www.instagram.com/startstartingup/ ►YOUTUBE: https://www.youtube.com/startstartingup?sub_confirmation=1 ►PATREON : https://goo.gl/iArZeR ►MASTERMIND GROUP: https://www.startstartingup.com/ Must Have Software: - SHOPIFY(online store builder) ►https://goo.gl/1CuQmC (14-day free trial) - PRINTFUL (shirt supplier) ► https://goo.gl/80L1qL - WIX (website builder) ► https://goo.gl/i7iAVq (free) - BLUEHOST (website hosting) ► https://goo.gl/qFzANJ - MERCH INFORMER (amazon merch research tool) ►https://goo.gl/CxRt42 - MERCH BUDDY (amazon merch upload tool) ► https://goo.gl/e9tBDd - PRETTY MERCH PRO (amazon merch analytics tool) ► https://goo.gl/8CuQfn - TUBEBUDDY (youtube optimiser) ► https://goo.gl/cg3HFG - TEACHABLE (online courses) ► https://goo.gl/ovyC1Y - AWEBER (emails) ► https://goo.gl/EQQjws (30-day free trial) - CLICKFUNNELS (sales pages) ► https://goo.gl/EvsmT4 (14-day free tri
Views: 363 Start Starting Up - Greg Preece
Creating a sole proprietorship involves filing a fictitious name and contacting the local small business administration for licenses and permits. Starting a sole proprietorship is simpler than creating a limited liability company (LLC) and is easier with tips from a lawyer in this free video on business law. Expert: Robert M. Todd Contact: www.wearehdtv.com Bio: Robert Todd is the managing partner and president of Robert M. Todd, P.A. and Family Law Solutions. Filmmaker: Christopher Rokosz
Views: 8843 eHow
Are you thinking of setting up a small business? Are you absolutely clueless on where to start? Maybe I could help you! I might ramble on a little but you just might find me useful! If you are interested in my own business: www.facebook.com/jellyfishvideoproductions Useful Links: Sole-Trader --- https://www.gov.uk/set-up-sole-trader Partnership --- https://www.gov.uk/set-up-business-partnership/setting-up Limited Company --- https://www.gov.uk/limited-company-formation/overview All the best, M xx
Views: 5124 M
Patreon: https://www.patreon.com/bePatron?c=761543 Registering as a sole trader which the UK, a guide. My FB Page: https://www.facebook.com/adamrobinsonreseller/# My Website: https://adamrobinsonreseller.wordpress.com/home-4/ Packaging Supplies I use: Bubble Wrap: http://amzn.to/1TIU7D0 Jiffy Bags (DVD/CD Size): http://amzn.to/25m7myv Clear Tape 6 Rolls: http://amzn.to/1seXgRL Black Tape 6 Rolls: http://amzn.to/1TMWy8C Black Clingfilm: http://amzn.to/1sC3kDY Poly Mailers: http://amzn.to/1XW7Ol5 DL Standard Envelopes: http://amzn.to/1TIUjlv Label Remover: http://amzn.to/1P3gLa3 Barcode Scanner - http://amzn.to/1Z5K3oU For Business Enquiries: [email protected] Please note: I (Adam William Robinson) put much time and effort into making my videos and love to hear thoughts and suggestions from viewers. This channel may habour information that is merely my opinion and therefore this information is bias and has to be taken with a pinch of salt, please do not take information as black or white unless a valid reference or source has been shown on said video. Any music playing is: "Maccary Bay" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/ Monkeys Spinning Monkeys Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/ Cut and Run Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/ Donations - paypal.me/adzrobinson
Views: 8029 Adz Resells
www.optimise-gb.com If you are looking to start a business but unsure if you should be a sole trader or limited company, this video is for you
Views: 6461 spawny1975
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: 3779 Informi
I can only assume that if you're looking up how to start a business in New Zealand, you're interested in starting a business in NZ or already own a NZ business. In this video outline lots of the steps you need to consider when starting up a business. To see more in-depth content, check out our Playlist on How to start a business in New Zealand: https://goo.gl/1oDcWc 🔔🔔ABOUT ME🔔🔔 Follow my journey as I stumble my way through learning to run a business, create social content and starting out on YouTube. No doubt there will be ups and downs along the way… Just know that I’m COMMITTED to making this work! 📽️📽️YOUTUBE:📽️📽️ ****❤️ SUBSCRIBE❤️ **** 👍 https://goo.gl/vXebKa 👍 ****❤️ SUBSCRIBE ❤️**** BUSINESS UPDATES Playlist: https://goo.gl/xfaECG YOUTUBE GROWTH Playlist: https://goo.gl/9jNPDt 🌐🌐WEBSITE🌐🌐 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 🔥🔥GETBIZZY.CO.NZ🔥🔥 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 ✅Live in NEW ZEALAND and OWN a BUSINESS❓ ✅Check out our FREE online networking platform. ✅GET BIZZY - https://getbizzy.co.nz 📖Check out the blog https://www.getbizzy.co.nz/blog/ 🤝Want Business coaching and advise❓ 🤝I’ll be offering FREE consulting for the first 5 people to make contact. 🤝[email protected] or contact me on social! T&C apply. 😎😎SOCIAL😎😎 💙💙💙💙💙💙💙💙💙💙💙 💙💙CONNECT ON SOCIAL💙💙 💙💙💙💙💙💙💙💙💙💙💙 📔Facebook @WeGetBizzy - https://goo.gl/1E8qgV 📸Instagram @WeGetBizzy - https://goo.gl/Lsb1Ns 🐤Twitter: @WeGetBizzy - https://goo.gl/DAFRE2 I’d love to hear from you, and am genuinely interested in getting to know my viewers. Don’t be afraid to reach out! 📢💭✌️ ➖➖➖➖➖➖➖➖➖➖➖➖ Don’t settle for a 9-5 you hate! Work your ass off at your passion and make a comfortable humble living in the process. kill the hustle, use your head muscle and GET BIZZY 🔥🔥 #WeGetBizzy
Views: 7153 Bizzy World
Sole proprietors can utilize a wide range of tax savings techniques. You can claim many of the same expenses and deductions as corporations. Watch this video to find out more. Follow us on Twitter - https://twitter.com/Madan_CA Like us on Facebook - https://www.facebook.com/MadanCharteredAccountant Add us on Google Plus - https://plus.google.com/u/1/108551869453511666601/posts Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) https://www.youtube.com/watch?v=dG_TOExHRss Timeline: 00:45 -- Take advantage of non-capital losses 01:06 -- Pay wages to family members for income splitting 01:32 -- Claim relevant expenses to your business 02:02 -- Consider incorporating your business Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
Views: 20196 Allan Madan
Sole Trader vs Limited Company Irish legal company structure
Views: 1104 VisualMarketingCompany.com
Jarell explains how to pay yourself as a sole prop. Hint: an owner's draw. What is an owner's draw? - An Owner's draw means taking money from the business for personal use. How is it taxed? -In a sole prop, both the owners draw and the business profits are taxable on your personal income tax return. How much do you take? - It's completely up to you. Just make sure that however much you take is both available in your bank account and you have accounted for any taxes you may owe down the road. How do you do the draw? -You can take the draw by cutting yourself a check, an electronic money transfer or by doing a cash withdraw. And don't forget: Always check with your CPA to ensure that you are capturing your owner's draw correctly. Interested in learning more about owner's draw? Check out the articles below: [READ] Want to Do an Owner’s Draw? Here’s the Overview You Need https://goo.gl/NEnaiX [READ] How Much Can I (and Should I) Pay Myself? https://goo.gl/co2U8C Ask Gusto is a YouTube series designed to answer your top payroll, HR, and benefits questions. New episodes come out regularly — feel free to ask what's on your mind, and we'll answer it! Who is Gusto, exactly? Gusto serves over 40,000 small businesses across the country with a refreshingly easy payroll, benefits, and HR solution. To learn about Gusto, visit: https://www.Gusto.com. For more small business answers, visit us at: https://www.gusto.com/ask-gusto
Views: 9660 Gusto
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. You can also download our free cheatsheet: http://www.hawthornlaw.net/cheatsheet If you find this helpful, please don't forget to subscribe and share this video with your online business friends! Visit Hawthorn Law today for more helpful resources and information: http://www.hawthornlaw.net Or find me on Social at: Twitter: http://www.twitter.com/hawthornlg Snapchat: @jimhart518 Facebook: http://www.facebook.com/hawthornlaw Or join our free online community at: http://www.hawthornlaw.net/facebook #hawthornlaw #LLC #onlinebusiness
Views: 2965 Hawthorn Law
It's Tax Day, April 15th (at least when I recorded this), so why not talk about taxes and bookkeeping. Everyone's favorite topics, right? Ha! I'm cracking myself up. Hopefully everyone had a smooth tax season and this video can help you! Let me know your thoughts. Oh yeah! Subscribe too! I talk about advice I'd give any small business owner who is starting out and dealing with paying taxes as a sole proprietor for the first time. All of this is basic and off the cuff advice. I'm not a bookkeeper or tax expert by any means. Please hire an accountant for official tax help. Things I talk about in this video: Etsy Shop Owners E-Commerce Expenses Small Business Taxes Sole Proprietor Business Expenses Cost of Goods Sold Bookkeeping Software Outright Bookkeeping: http://outright.com/ Accountants Tax Mistakes Business Accounts Contract Labor Payroll Please comment/subscribe. Let me know what you think! Recorded: Friday April 15, 2015 MANE MESSAGE: http://www.manemessage.com TWITTER: http://www.twitter.com/manemessage INSTAGRAM: http://www.instagram.com/manemessage FACEBOOK: http://www.facebook.com/manemessage
Views: 25550 Olivia Hayward
Basic registrations I do to start a business in Australia. Gift: http://bit.ly/wellness-ozbusreg Update 30/08/2017: Chr0nos (YT user) advised that the https://www.business.gov.au/ website now has a business registration tool which allows you to register for multiple things at once.
Views: 3007 The Wellness Accountant
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: 83 Comedy Bloke
http://www.incauk.biz/ Hi, I'm Graham from Inca Chartered Accountants. We put together this video series titled "Tax Tips for small businesses" to help you understand and save tax. One of the questions we get asked most frequently is -- "What is the best structure for my business?" Am I going to set up as a limited company, a sole trader or perhaps as something different entirely. Well, in this video I'm going to talk about the benefits of the sole trader. It's the most common form of business there is in the UK and it's really easy to get going. In fact, it's as simple as picking up the telephone and speaking to Revenue & Customs. giving them some details and that's it. You are up and running . If you don't like to talk to them on the telephone you can login and do it over the internet instead. You don't even have to set up a separate bank account. It is a good idea though, We would like you to set up a bank account, but just keep the two things separate, your business and your personal life and everything will run nice and smoothly. Sole traders are a great situation for you if, like many small business owners you can't stand paperwork and administration. It needs less structure to operate. You are the business. The money in one account is your money, the money in another account is your money. You can move it backwards and forwards when ever you want. There is no issue associated with that. It's yours. Do with it as you wish. From a tax point of view a sole trader is particularly advantageous when ever you are in the set up stage. So perhaps you have just come out of employment. Set up your own business. You've had to incur costs, expenses to get the thing going. Maybe you haven't got your first customers or very few. So you are actually running at a loss. We can use those losses to claw back taxes you have paid elsewhere. Now if you were paying tax at 40% or 50% that can be a huge advantage and of course taking time to get going and having that extra cash in your pocket can be a great benefit to you when you're running your business. The Sole Trader is also very useful when profits are very small especially if they are less than £7,500 a year because that is the amount you get to pay tax free anyway. So no tax to pay on anything you make up to that level. And of course as it starts to grow don't worry because if it looks like something else is more advantageous we can make a switch. A switch perhaps to a limited company which I'll explain a bit more about in the second video
Views: 14713 oxfordaccountant
This is a video all about becoming self employed for the first time in the UK. I'll take you through some of the steps you need to consider and show you the whole HMRC registration process so you can tell the UK government that you're now self employed! I'll touch on business bank accounts and insurance and also tell you what you'll need to have prepared before starting the registration process. Extra stuff on Patreon: https://www.patreon.com/smallbusinesstoolbox More stuff on the web: https://smallbusinesstoolbox.uk As per usual, I'm not in any way qualified to give you accountancy advice. Always get a good accountant! I've just been self employed for a long time and hopefully I can pass on some of the things I've learned over the years. I use affiliate links - these don’t cost you a penny and help to keep this channel going - thanks so much for your awesome support! #SmallBusiness #BusinessTips #SelfEmployed
Views: 11115 Small Business Toolbox
If you have been watching our videos on what it takes to start a photography business. Then you will of noticed that we talk allot about "Sole Traders". But what is a Sole Trader ? In this video Strober does explain to you what a Sole Trader is and it's connection with regards to being a Professional Photographer. Remember to checkout our online store fronts on the following links Our Website Store: http://www.ukhp.co Our Amazon Store: http://amzn.to/2w0At1S * Video 4:
Views: 7463 UK Highland Photography
Are you ready to start a business venture? Visit: http://www.a1corp.com.sg/business-reg... http://www.a1corp.com.sg/business-reg... We provide express Singapore Business Registration in just 30 minutes which is subjected to ACRA approval. Individuals who are interested to start a business venture in Singapore can set up a Sole Proprietorship or Partnership. As compared to other forms of business registration, this is much simpler with fewer compliance matters and requirements when you hire us to the job for the process, regulated under Business Registration Act Cap 32. For sole proprietorship registration, there is a requirement of 1 manager and 1 owner in the business which can be the same person and is over the age of 18 and is a Singaporean or Permanent Resident of Singapore. All profits earned by the business will be kept by him For partnership registration, there is a requirement of 1 manager and is over the age of 18 and is a Singaporean or Permanent Resident of Singapore. There must be at least 2 partners and a maximum of 20. Sole proprietors will have to contribute 6% to 8% of trade profits declared with Inland Revenue of Singapore as compulsory CPF Medisave contribution For Foreigners in partnership, they should always consider setting up a Private Limited Company to take advantage of the $100,000 profit tax exemption and declare final dividends to avoid being taxed at 20% of trading profits drawn in the capacity as partner of the partnership firm. Our Sole Proprietorship or Partnership Business Package cost of $258 includes professional fees for forming the Sole Proprietorship, which includes ACRA Incorporation fee of $118, free single-round self-inking stamp, 12 months shared fax, and 12 months business address. A shared fax number for 12 months (with minimum 1 Year Address Service signup), and daily email alerts. It will cost $198 for services inclusive of ACRA Fees without the need for virtual office, round stamps We would require information’s to register your business. -Two or three proposed names for your company to expedite the process in the event the name are already in used. -A principles activities description must also be submitted. Sole proprietors can include up to two activities. -The address of their registered office, this can either be the physical office or the address of their business solutions provider. -A copy of a Local Manager cum Owner identity card that is locally issued. Starting a business is not easy and takes considerable amount of efforts with many steps in between. With our express business registration, businesses owners can take reduce their effort and get started with their businesses much faster and easier. Company Name: A.1 Business Pte Ltd Address: 10 Anson Road International Plaza #27-15 Singapore 079903 Telephone: 61006673 Email: [email protected] Web: http://www.a1corp.com.sg singapore business registration business registration number registry of companies singapore company incorporation renew business registration singapore company formation business name registration https://youtu.be/kurXd_MJDvw singapore register company register company Singapore acra Singapore starting a business in Singapore acra business registration
Views: 1432 A1 Business Pte Ltd
What does it mean to be a Sole Proprietor? Starting and operating a business as a private individual has its benefits and drawbacks. While providing a simple and straight-forward business structure, which does not require any complicated registrations or administration, operating as a Sole Proprietor also exposes the business owner to personal liabilities for the operations of the business. It will also limit future growth and development of the business in many ways. In this video we will overview the process of starting a business as a Sole Proprietor, registrations that are necessary or advised for business operations and an option of using a separate name for a business. We will overview and summarize which types of business are fit for Sole Proprietorship to make the decision-making process as simple as possible. Our website - https://cbes.ca/ Facebook - https://www.facebook.com/CanadianBiz LinkedIn - https://www.linkedin.com/company/cbes
Views: 815 Business in Canada - Do it Right!
Transcript: What a sole proprietorship essentially means is that you're not choosing to form an entity. All it means is that you’re individually acting in your own name and you're carrying out business activities in your own name. If I choose to go the sole proprietorship route, I would not have the benefit of limited liability protection, either in the form of an LLC or in the corporation. A sole proprietorship can have employees, it doesn't mean it just has to be one person but typically if you are a sole proprietor and you have clients you trust and it's in an industry where the risk of lawsuits is low, then it makes sense. For instance if you are a photographer and you are carrying out all your business, all your clients, they’re was just looking for pictures from you. That's not a very high risk type of industry as opposed to something like a painting business where you could have employees up on ladders or electricians, any sort of contractor. When there's actual risk of injury, that may not be the best idea is to have a sole proprietorship if you're employing people. It would make sense for a sole proprietor to see an attorney just to have an understanding and be advised upon whether or not it makes sense to have a corporation or an LLC. At the very minimum, there should be an informed decision as to whether or not to form or not form. For more information about business law in San Diego go to PurdyBailey.com.
Views: 2064 Purdy & Bailey, LLP
Are you getting ready to start your own business? Get in touch with Andrew Jeffers and learn more about the importance of choosing the right structure for your business. Find out more about the implications of setting up a sole trader or an ABN: http://www.andrewjeffers.com.au/
Views: 139 Shuriken
Australian lawyer James Irving of Irving Law http://irvinglaw.com.au helps you choose the right legal structure for your business. Features information about the following: sole trader; partnership; company; twin holding company / trading company structure; trading trusts; co-operative; and, joint venture. A downloadable summary PDF table will be available from the lawyer's website.
Views: 4767 irvinglawAU
http://www.incauk.biz/ Hi, I'm Graham from Inca Chartered Accountants We put together this video series titled "Tax tips for small businesses" to help you understand and save tax. One of the questions we get asked most frequently is which structure is best for my business. Explaining in the first video the benefits for a sole trader. In this one I'm going to talk more about the limited company and its benefits. Now when we start talking about limited companies many people think about grand PLCs and boardrooms and annual general meetings and perhaps getting a share of the profits once or twice a year in the form of a dividend. Most limited companies don't operate like that. They are small in structure, they are small in ownership and there as a vehicle to provide protection and income benefit to people who own them. In tax terms as soon as you start making profits above £7500 a year you are actually better off as a limited company than as a sole trader. That's because the sole trader is paying tax at a rate of 29% - 20% tax plus an additional 9% in what's known as Class 4 National Insurance, which is just tax -- you don't get a bigger hospital, you don't get to the front of the queue, you don't get a bigger pension -- its just tax. A company pays tax at 20% that's a 9% saving. Have a chat with your bank manager and see if you will get 9% return on investment from that, then give me a call because I'll put some money in as well. So 9% tax saving is quite significant but a company requires more administration. Its more costly to operate so there has to be enough benefit for the company owner to make it worth while. We say if you are making more than £15,000 a year in profit. So that's your sales and then all your expenses taken off, then you should take a look at it. At that level there is enough benefit to outweigh some of the disadvantages of the structure and cost. As an owner you get a share of the profits. That comes in what's known as a dividend. Now you can have those dividends as frequently as you want. Some people think you can only have them once or twice a year. You can have 365 dividends in a year if you really wanted to and if your business allowed it, and of course if you put the necessary paperwork together. The other big advantage of the limited company is protection. I don't want to lose my house if the business goes wrong and I'm sure neither do you. Limited company's, if you run correctly gives protection against your personal possessions becoming part of any carve up situation that might happen. So that's the limited company. If you are making profits it's a good idea. If you are not, have a think about the Sole Trader. In the next video I'm going to talk about VAT.
Views: 41573 oxfordaccountant
If you’re the only owner in your business and haven’t formed a business entity, then you are a Sole Proprietor. What this means is that there’s no legal distinction between you and your business – you are one in the same. Follow for More QuickBooks Videos for the United States: https://www.youtube.com/user/Quickbooks
Views: 76861 QuickBooks
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: 1018 Copper Creek Cuts Lawn Care