• Mary Foley

[P.O.W.E.R. Plug Podcast] The Impact of Choosing the Right Business Entity

Which business entity should you choose to start a business and why? Sole Proprietor? Limited Liability Corporation? C Corp?

When should you change your entity as your business grows? How have the new tax laws impacted business tax rates?


Knowing the answer is key. Choosing the right business entity directly impacts how much tax you pay and legal liability.


In this episode, I talk with Joye Sistrunk, Principal/Founder of Premier Group Services (PGSI), a Certified Public Accounting and Management Consulting firm in Lanham, MD. As she and her team help business owners, she finds again and again that business owners need to figure out the best entity for their business as they grow and change.


Click to listen and learn:

  • Exactly what is a "business entity"

  • The difference between a Sole Proprietor, LLC, S Corp, C Corp, and B Corp

  • How to decide which business entity is the best when you start and as you grow

  • How the new tax laws have made C Corps the lowest corporate tax rate in over 100 years

  • The financial and legal impact of choosing the right business type - and the wrong one

  • The biggest mistake and misunderstandings business owners make regarding business entities

Free video series to keep your cape flying

during re-opening and beyond!


Learn:

  • The most important thing you need to do right now to increase your revenue

  • 4 simple, powerful steps to get more hiring and buying “yesses”

  • Why doubling down on a few marketing strategies will get you farther faster

  • Your #1 revenue generating superpower that will NEVER fail you!

  • The key to being fearless in a world of fearful


ABOUT MARY FOLEY

Known for her insights, candidness and humor, Mary Foley revs up women entrepreneurs with the clarity, confidence, consistency, and community to generate the revenue they really want. When she’s not wearing her red cape as a business coach, workshop facilitator, or host of the P.O.W.E.R. Plug Podcast, she’s usually sipping wine at a Virginia winery.   

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