How To Choose The Best Business Structure (LLC vs S-Corp vs C-Corp)

Summary

This video provides a clear framework for small business owners, including STR hosts, to choose the right legal entity. It breaks down when to use a Sole Proprietorship (under $50k net income), an LLC (for liability protection), an S-Corp (for tax savings on income over $50k-$75k), and a C-Corp (for very high earners reinvesting profits). The key takeaway is to match your business structure to your current income level and liability risk, understanding that you can and should change structures as your business grows.