What Is The Difference Between A Sole Proprietorship And An LLC

What Is The Difference Between A Sole Proprietorship And An LLC

S
Smart Finance
2 Video Views·Jun 30, 2026

Do you know what is the difference between a sole proprietorship and an LLC? In this video, I'll talk about 4 things you need to know about being a sole proprietor and an LLC.

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Watch And Enjoy!
Loral Langemeier

Key Moments In This Episode
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00:00 Intro & Summary
00:53 What Is A Sole Proprietorship
01:52 What Is A C-Corporation And A Passthrough
03:52 How To Make Sure Your Company Makes Money
04:47 What Are The Tax Deductions With A Sole Proprietorship And An LLC
05:52 What Happened When Partnerships Are Not Documented



What To Watch Next
========================
Should I Trademark My Business Name Before Forming My LLC
• Should I Trademark My Business Name Before...

Other Resources
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About Loral Langemeier
========================
Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and Five Time New York Times best-selling author who is on a relentless mission to change the conversation about money and empower people around the world to become millionaires.

Loral’s straight talk electrifies audiences and inspires powerful action from live stages and television programs ranging from CNN, CNBC, The Street TV, Fox News Channel, Fox Business Channel-America’s Nightly Scoreboard, The Dr. Phil Show and The View. She is a regular guest-host on The Circle in Australia and has been featured in articles in USA Today, The Wall Street Journal, The New York Times, Forbes Magazine and was the breakout star in the film The Secret.