This video is about the question on whether an artist should go from a sole proprietor to a Limited Liability Company(LLC)?
00:00 Introductions
00:41 Sole Proprietor for artists
01:10 Paperwork and startup
01:39 Reporting income
02:13 No protection of assets
02:53 Taxes as a Sole Proprietor
03:08 Self Employment Tax
03:49 Why to stay a Sole Proprietor
04:00 Limited Liability Company
04:30 Limited Liability
05:10 Separating the personal and business
06:00 Paperwork and Costs registering an LLC
06:38 Taxes as an LLC
06:54 SCorp election
08:00 LLC maintenance
09:20 Conclusions
09:41 Employer Identification Number
10:53 Professional advice
11:19 Outro
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