🏫What Did I Learn Today?

BizGrips is now officially an LLC! There's a few reasons I did this. It seems when working towards starting a business everything is against you... An LLC is the one thing that is in your favor. Benefits of LLC:

  1. Tax ride offs. Pass through entity. All losses accrued are transferred to your current pay. This means your current tax bracket will be lowered due to business losses saving thousands on tax expenses.
  2. An LLC is like a child. What happens to the LLC I'm not personally responsible for. Protection against lawsuits.
  3. Credibility - services like Google and Facebook view LLC as having more credibility.

⚒️What Am I Working On?

Almost done on the Digital Foundations Course.

🥡Key Takeaway

Register your business as an LLC as quickly as possible!

🙏What Am I Grateful For?

Beef jerky