LLC Vs Sole proprietor

You can always switch to an LLC at a later date when you begin selling on Amazon.

A Limited Liability Company (LLC) is a business structure allowed by state statute. Each state may use different regulations, you should check with your state if you are interested in starting a Limited Liability Company. (IRS,8832)

What are the cost of setting up an LLC?

The cost of setting up an LLC is dependent on where you live. The average cost to open an LLC usually ranges from $180-$300.

What are the benefits of opening an LLC?

The benefits of an LLC is critical as you grow. The process of opening an LLC for the most part is pretty straightforward. You can find out more about the different ways of opening one with the following link: https://www.legalzoom.com/articles/how-to-start-an-llc-in-florida- Use your respective state to find the most up-to-date information about how to form an LLC.

The incentives of an LLC?

An LLC is a barrier of protection from others trying to steal your entities of your company. When you begin to sell on Amazon, many will try to steal/ receive reparations for some sort of inconvenience or false product - an LLC protects you from this. Another pivotal advantage of having an LLC is the tax benefits. These tax benefits open up a whole new world of deductions so that you can write that off as a tax deduction. Lastly, you only get taxed on the income/profit of your business at the END OF THE YEAR + NO OTHER TAXES (Besides self employment tax)