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  • To be a photographer, which comparison would be the best?
  • But, you'll have the full responsibility of what goes on in the business.
  • Well I think being a Sole Proprietorship would be the best.
  • Sole Proprietorship, you could be your own boss.
  • Okay, but there's always Partnership too.
  • And you wouldn't have the full responsibility, you would share it in all.
  • But, it could be easy because you wouldn't put a lot of money out of your pockets.
  • Well, Partnership would be hard. You'll have to share everything.
  • Okay, what about Limited Liability Company?
  • Also there a permission of majority of members to transfer interest.
  • Well, it doesn't have a limit for owners but some states require two.
  • You would have to share the profits between the owners.
  • Well then about C-Corporation?
  • And for the profits, it would paid to shareholders as dividends according to agreement and shareholder status.
  • The board of directors would appoint who well be the management control.
  • Well, there's no limit on shareholders.
  • Okay, what about Sub-chapter S Corporation?
  • And the profit would paid to the shareholders according to percentage of ownership.
  • And the board of directors would also appoint who well be the management control.
  • Well, there is a 75 shareholders or fewer.
  • well that's a lot of information. Thank you for the information that I didn't know.
  • I hope that helped you on what business you want. It was nice seeing you again.
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