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LLC VS. SOLE PROPRIETORSHIP: WHICH IS BETTER?! 👀 | TROYIA MONAY 

Troyia Monay
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⇓OPEN ME⇓
"But Christ has indeed been raised from the dead, the first fruits of those who have fallen asleep.” 1 Corinthians 15:20
Hey Y'all, Hey! Thank you for watching. Excited to give you the pro's and con's of LLC vs. Sole Proprietorships!
Purchase the Her Hustle Handbook: A Beginner's Guide To Launching A Profitable Online Business. Here is the link to purchase: www.herhustleacademy.com
..Do You Need Help Launching Your Business?
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..Do You Need Help Identifying Areas In Your Business That Need A Lil' TLC?
BOOK A 1-ON-1 COACHING SESSION WITH ME: Visit www.herhustleacademy.com TODAY!!
..LET'S CONNECT:
Follow my boutique business consulting page on Instagram @herhustleacademy
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/ troyiamonay​​​​
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..BUSINESS INQUIRIES:
Interested in a partnership or collaboration? For business inquiries email: troyia@thedonmgmt.com
..Filming Gear:
Camera: Canon G7xii
Ring Light: SunPak: Sunpak - LED 448 19" Bi-Color Ring Light - Black
Music: Epidemic Sounds
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..About Troyia Monay:
RU-vidr, boutique owner, business coach, content creator, and all-around girl boss! I give female-owned and operated businesses the tools to reach their goals. I am a graduate of Florida A&M University with a B.S. in Public Relations. I've worked with numerous companies helping spread their messaging and marketing efforts. I've mastered marketing and making money online by providing value to my audience and followers on all platforms. Now, as your virtual instructor, I want to teach you the same!

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14 апр 2021

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Комментарии : 161   
@apurwasharma3838
@apurwasharma3838 2 года назад
Awesome explanation. It feels really good to listen to someone who knows what they are saying. I enjoyed the video and learnt a lot. Thank you for sharing the content.
@demickamorgan8911
@demickamorgan8911 3 года назад
Sis always dropping gems!
@bronzebomber814
@bronzebomber814 3 года назад
This right on time!!!!!I've been delaying getting registered for this very reason!!!!!
@izzyviveros2365
@izzyviveros2365 2 года назад
This was SUPER informative! Thank you so much for this!
@chelseyagbai6861
@chelseyagbai6861 2 года назад
This was incredibly informative. I've never understood the difference between these two terms, and now, I am ready to open my own LLC.
@rayofsunshan
@rayofsunshan 2 года назад
Love how compact and straightforward this was 🙌🏾 thanks for the clarity 😁
@BrittanyWashington09
@BrittanyWashington09 3 года назад
Yeesssssss, can’t wait for the shipping cost video and how to set a budget for that
@TheLoskiLoShow
@TheLoskiLoShow 3 года назад
I Never Comment Or Even Watch Full RU-vid Video, But I Had To Stop And Give You Your Flowers 💐 You’re Dope For This Info, It’s Clear And Straight To The POINT! This Is My Second Video & Its Exactly What I Needed! People Charge For This Info And I Think It’s Weird! However, It’s A Blessing That You’re Here Helping! I Subscribed! Thank You!
@meaganmalone5231
@meaganmalone5231 3 года назад
Love this ! Great advice!
@SunniD1985
@SunniD1985 3 года назад
Sis thanks!!! Love your content for newbie small business owners. I’ve started a candle company and really appreciate your startup business tips.
@iampo6945
@iampo6945 8 месяцев назад
Simple & concise, this was so well presented. Thank you Troyia!
@nephitiri4958
@nephitiri4958 2 года назад
Your content for me who has been in a banker/investment advisor/ business partner for 20 years is amazing. So inspirational.
@daijakelly4226
@daijakelly4226 3 года назад
Starting a business soon and you definitely helped my decision
@Franowayne
@Franowayne 3 года назад
Back again with another banger
@aretahuckaby1731
@aretahuckaby1731 Год назад
Loved your video! You gave great details and specifics!!! You helped me decide to go LLC!!! Let's Goooooooo!!! Lol
@whatdebbiedoes2907
@whatdebbiedoes2907 3 года назад
Girl I appreciate all your knowledge that you share with us. Thank you love.
@kaylabaker7141
@kaylabaker7141 2 года назад
Love these videos!!
@Dani-el9nf
@Dani-el9nf 3 года назад
I really love your channel! You are such a brilliant young woman and I am so proud of you! And thanks for the information!!!!!
@TroyiaMonay
@TroyiaMonay 3 года назад
Thank you so much!
@Sallalee
@Sallalee 3 года назад
This was super helpful! Thank you
@Daearthygworl
@Daearthygworl 2 года назад
Love this thank you sis ❤️
@CrazyCarriee
@CrazyCarriee 2 года назад
thank you so much for the video. Answered all the questions I have in my mind
@user-ow6if2df1n
@user-ow6if2df1n Год назад
This was super helpful - thank you!
@naromiejeanbaptiste9655
@naromiejeanbaptiste9655 9 месяцев назад
Now I have an idea & I love it. 😊😊😊 Thank you so much.
@mallorygliko7297
@mallorygliko7297 3 года назад
This was so helpful, thanks a ton!
@CarleenaLaCurandera
@CarleenaLaCurandera 2 года назад
Thanks love! registering for an LLC today causeof this - appreciate the context
@nicoleclarke9013
@nicoleclarke9013 3 года назад
Thank you for all the good information.
@terrisungbeh7133
@terrisungbeh7133 2 года назад
Thanks for the information sweetie. God bless you 🙏❤
@FriendlySpiderFriend
@FriendlySpiderFriend 2 года назад
subscribing!!! ty girl for all this info
@smilelove6875
@smilelove6875 3 года назад
This was very helpful. Thank you so much.
@aaliyahmonae11
@aaliyahmonae11 2 года назад
Thank you for this video !!
@BobbieLovesBobbie
@BobbieLovesBobbie 2 года назад
Thank you so much for explaining this
@aj6479
@aj6479 2 года назад
thank you. I appreciate all the tips & info
@taecutthatt9059
@taecutthatt9059 2 года назад
Thank you for the game!
@comptongirl8590
@comptongirl8590 3 года назад
I'm new to your channel girl you are the truth thank you so much everyone is sleeping on you
@nadiabrooks9783
@nadiabrooks9783 2 года назад
thanks hun this was very helpful
@mrsdjones1880
@mrsdjones1880 2 года назад
YOU ROCK THANKS FOR EVERYTHING
@marquitamorris8014
@marquitamorris8014 3 года назад
Thank you for this info ❤️
@focusvenesa
@focusvenesa Год назад
Thank you for the information!
@B58_Bless
@B58_Bless Год назад
I love your high energy and passion. God bless!
@TroyiaMonay
@TroyiaMonay Год назад
Thank you so much for your kind words! I'm glad that my high energy and passion comes across in my content, and I truly appreciate your support.😉
@B58_Bless
@B58_Bless Год назад
@@TroyiaMonay keep it up! You'll keep inspiring many to come. Thank you for this video it has help me a lot! 🔥💯🙏
@brittanyyoung7715
@brittanyyoung7715 3 года назад
You are really a God send thank you so much for your time and knowledge
@kellynotrab1681
@kellynotrab1681 3 года назад
This is soooooo informative 👏🏿👏🏿👏🏿👏🏿 I appreciate it and you ...thanks in abundance ❤️❤️❤️❤️🙏🏿🙏🏿🙏🏿🙏🏿
@mashellemorgan8107
@mashellemorgan8107 3 года назад
Always love to watch your videos I started my business in December of last year and I do have the protection of the LLC because I'm small I'm the only employee of the business but was wondering if I should have went the other route because business is not that great for me right now, what y'all think? I have a online clothing store need some funding but don't know how to go about getting it especially since I lost my job due to Covid can't go to my credit union because I don't have a stable income right now just unemployment!
@reneeann294
@reneeann294 2 года назад
Hey, I love watching your videos! Can you talk about having a registered agent with an LLC vs not having one?
@jenwthejuice
@jenwthejuice 3 года назад
Thank you for this!!!!
@cynthiauchendu
@cynthiauchendu 2 года назад
VERY helpful! Thank you.
@trendingtea2877
@trendingtea2877 2 года назад
great video thnx for the tips
@kaelam9206
@kaelam9206 3 года назад
Thank you for the information
@theshawnyslay8753
@theshawnyslay8753 2 года назад
Life saver!
@Aneesa95
@Aneesa95 Год назад
this helped ALOT! getting the sole pro.
@TroyiaMonay
@TroyiaMonay Год назад
Great to hear that it helps you. 😉
@soylily831
@soylily831 3 года назад
Just what i need b 👌🏼
@wandagoncalves3049
@wandagoncalves3049 2 года назад
Excellent info
@Erinconway988
@Erinconway988 3 года назад
Even as a nurse , I gain much more than my salary . Just if we can be part of any investment plan, we won’t have to sit at home and wait on the government for their checks . We can show them we can do it without them then we wait for them till they need us .
@MarkbTrout
@MarkbTrout 3 года назад
The government knows that every tax payer deserves the stimulus. Now there are people who are displaced one way or the other , some do not work either , I think the government should make provisions for them too as some of them must have contributed to the society in one way
@Hiroonishi
@Hiroonishi 3 года назад
investing is the only to get away from all this . No matter how little it is you gain, make sure you make room for investing , that will help you a lot . I started mine during the pandemic and now I care less about the government’s check
@Saitahatakenaka
@Saitahatakenaka 3 года назад
If only everyone had another source of survival . No one will bother about the government’s check
@YuutaHiga
@YuutaHiga 3 года назад
@@Saitahatakenaka that’s just it and I agree with you on this , most people don’t even qualify for the checks and their bills are on the rise . We need to wake up and make something out for ourselves
@Badrihamastoma
@Badrihamastoma 3 года назад
this is just it but you know how ignorant most of us can be . Only if we would give this new evolution a try and be free from the government’s games
@Ladycharlottrqc
@Ladycharlottrqc 2 года назад
I appreciate the useful information that you provide for new business owners or business owners who have been in the business for years. I do have a question about signing your companies' name vs your name; does that also apply to bank accounts as well? Once again thank you and I can't wait to receive your response.
@angelap330
@angelap330 2 года назад
Hello I am having a issue with trying to fine the application to fill out for the sale certificate I am also in Florida I really need help with this.I have applied for my EIN under LLC.
@vannarooski8730
@vannarooski8730 3 месяца назад
Been looking for at least a year for this video for an answer …thank you. Exactly what I needed. How are things going with the store? We’re there any revelations of owning an online store we should know about?
@bronzebomber814
@bronzebomber814 3 года назад
Notification gang
@ealyp1
@ealyp1 Год назад
Literally taking notes
@TroyiaMonay
@TroyiaMonay Год назад
Hi, Thank you for commenting. If you would like more information, please follow @herhustleacademy on Instagram and click the link in their bio for more details. We hope to see you there!
@whydoesitmatter8817
@whydoesitmatter8817 3 года назад
What microphone are you using? Your extremely clear! Love the ease of the info in this video. Great job! 💅🏽
@TroyiaMonay
@TroyiaMonay 3 года назад
No microphone just my camera. Thank you!
@theresaleredneck
@theresaleredneck Год назад
I see that Relationship Goals book in the back. 👀 #RelationshipGoals #MichaelTodd
@latishalebron1540
@latishalebron1540 2 года назад
Thank you!
@nelleeugene4724
@nelleeugene4724 3 года назад
Question: but you cannot have a business bank account if you are just a sole proprietorship correct?
@LenaSimone845
@LenaSimone845 2 года назад
What would you recommend for a home-based food business? I am starting with absolutely nothing, I lost everything I had in a car accident, the pandemic and my father died. Just need some good guidance on how to start a business the right way from a black woman. Love your channel, thank you!
@KarjianaCadet
@KarjianaCadet 2 года назад
I'm want to start an all-natural lotion company but I don't really have many assets (I don't own my car, have a house, and only have a few thousand dollars in my savings) would you still recommend an LLC for the earliest stages? Also, for registering for the DBA I understand (in Alabama, where I live) you're suppose to operate your business before you can register, but I plan on operating my business online and using my DBA name + a private mail box for my address, but I can't do that until I reserve my DBA name. What would you recommend?
@mashellarobinson2212
@mashellarobinson2212 3 года назад
hi can you switch from sole proprietor to llc if you applied for your business license already
@CindyValencia
@CindyValencia 2 года назад
I did sole for my business but wanna learn how to do expenses I see people getting a work car etc and expensing it
@lassywale
@lassywale Год назад
big big thumps up
@FriendlySpiderFriend
@FriendlySpiderFriend 2 года назад
Also, an LLC must be paid annually. Not sure what it is in every state, but in California, its $800 and the first year is waived.
@betvdaytime
@betvdaytime Год назад
Exactly! What virtual office company did you use when you were sole proprietorship testing out your business. I will get LLC once my business has a income and I can offend the funds for LLC which is $800
@katianajohnson1967
@katianajohnson1967 3 года назад
If you have a house they coming after that ! Lmaoo thanks you sister for the information!
@Jae85
@Jae85 2 года назад
@troyia monay I'm just trying to buy wholesale so I can make t-shirts but I need EIN number should I do LLC or Sole P... Not sure which to get in case people want to buy my shirts
@princessstew1836
@princessstew1836 3 года назад
Would the LLc affect your tax forms needed to fill out? If, You and your husband are the only owners?
@naykol29
@naykol29 2 года назад
I am a hair braider, i dont use any chemicals on my clients. Should i stay sole proprietor or LLC?
@mockgirl76
@mockgirl76 3 года назад
My business I do Baskets and Shirts so do u think I should stay Sole Proprietorship or LLC
@karinaparada9474
@karinaparada9474 2 года назад
Thank you 🙏
@kady-annblake5325
@kady-annblake5325 2 года назад
If you're a youtuber, would you suggest for that person to llc themselves and treat it as a business or would they be a sole proprietor?
@neashaworld57
@neashaworld57 3 года назад
Could also do a video on the correct website to get the resellers certificate because the ones I go to charge, but I live in Florida,I thought they were free in Florida.
@angelap330
@angelap330 2 года назад
I’m having the same issue
@roscoetube8065
@roscoetube8065 2 года назад
What if you're investing in an Online Automated Business? Which route should you take LLC Or Sole Proprietorship?
@mariarangel555
@mariarangel555 2 года назад
Thank you.
@kayla-rd9kk
@kayla-rd9kk 3 года назад
I applied my EIN number as a sole proprietor is that bad?
@MP-ef6mc
@MP-ef6mc 8 месяцев назад
Thank you
@candawass1131
@candawass1131 3 года назад
Hey what you use to create your channel art ,what's the font name🥺
@reedaharris1341
@reedaharris1341 2 года назад
Can you use business insurance to cover a sole proprietorship against lawsuits?
@chrisjackson7924
@chrisjackson7924 2 года назад
Sole priorship is not allowed to open a Buisiness checking account at a bank?
@cathymorgan466
@cathymorgan466 Месяц назад
I just want to ask you I'm getting a online boutique no do I need to get to LLC license cuz I'm selling clothes and purses and lashes
@kcontreras168
@kcontreras168 2 года назад
I want to apply for an LLC for an Etsy store I opened because I want to deduct some business expenses for it, but in CA the franchise fee is $800 a year and I am def not making that through that Etsy store atm. Anyone know what I should do in this dilema??
@nikkisoto1020
@nikkisoto1020 2 года назад
I’m trying to get my EIN number. It’s asking to choice either sole proprietor or LLC along with a few more options. Im trying to open a small esthetician business which I’ll be renting a small office space to start out with. Which do I choose in order to get my EIN number?
@honchomarc
@honchomarc 3 года назад
thank you
@kaylas4692
@kaylas4692 2 года назад
if you're doing something such as virtual assistance, would it still be worth it to buy into an LLC?
@kattbrown4228
@kattbrown4228 2 года назад
Do I need an LLC for an Ice Cream truck business for only in the summer? What if it’s just me and my husband..do I put sole proprietorship?
@evanavarro3570
@evanavarro3570 2 года назад
I already have a hair salon running I want to sell other things inside the salon can I just get a sellers permit?
@ShaniMadeIt717
@ShaniMadeIt717 Год назад
Heyyy👋🏽 I'm just starting my small business and it just gonna be me. I was just wondering if I can switch over to LLC later on down the line if it goes as planned
@Nhmauto
@Nhmauto 2 года назад
Can you change a sole proprietorship into a llc later on?
@brianatasheka
@brianatasheka 2 года назад
Sole proprietorship is most common but foot Info!
@Younique2011
@Younique2011 3 года назад
? I have a business name but business brands that's under them. U mean to tell me I need llc for all my business brands??
@FriendlySpiderFriend
@FriendlySpiderFriend 2 года назад
Just fyi, DBA means "Doing Business As" which refers to your business name :)
@syncerearnold3458
@syncerearnold3458 2 года назад
What about make you artists?
@MzBadAzz1984
@MzBadAzz1984 2 года назад
I am considering doing truck dispatching, not hiring any employees, I have no money saved, just getting started, which one would you recommend for that specific service?
@shandell279
@shandell279 2 года назад
Congrats sis! Wish you the best. If she doesn't get to respond, maybe look at a local dispatch in your area, and maybe their site can give you an idea. I know a sister and I think she's an llc. I would suggest that because of the liabilities that can occur. Not wishing any bad luck on you, but you know vehicles. I'm late on this, so hopefully you already got the answer you needed. Good luck
@AprendeCosturas
@AprendeCosturas 9 месяцев назад
Porque ponen descripción en español y video en inglés 🙄🙄
@mspeacemkr
@mspeacemkr 2 года назад
LLCs are expensive in Cally. Especially when your business is a side hustle/hobby. 🤪🤪🤪🤔
@mercedessanders914
@mercedessanders914 2 года назад
What about LTD?
@chipWayne
@chipWayne Год назад
To star going sole after good money starts coming in switch to llc
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