How To Start An Online Business-Don’t Do This If You Are Learning How To Start An Online Business ?

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Tips For Starting An Online Business In 2020:

?Unless you plan on keeping the money in the company and selling the company I recommend an LLC with the “S” tax classification rather than an SP or a C-Corp.
?Check to see how you will be taxed when it come to your state and local taxes. You may find that when you are starting and online business that you can register it in another state with less tax liability.
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How To Start An Online Business-Don’t Do This If You Are Learning How To Start An Online Business ?

Please go the LLC route if you are trying to learn how to start an online business. If you choose to be a sole proprietor then you are going to shoot yourself in the foot with liability, have much less protection, way more risk, and pay more income tax then necessary.

Once again, I am not a CPA so the online business tips I gave in this video are strictly information and my own opinions on what I have done to start an online business. Consult with your local CPA on what structure for your online business is best, get multiple opinions, and ask WHY they suggest whatever they suggest.

?Are you trying to learn how to start an online business? Tell me what your online business is in the comments⬇⬇⬇ and let’s get you going!

#howtostartanonlinebusiness #startinganonlinebusiness #startinganonlinebusiness2020