Episode 29

full
Published on:

22nd Jan 2025

LLC vs. Sole Proprietorship for Creatives

Send us a text! If you want us to contact you leave an email we can contact you at!

Welcome back to Creative Minds Smart Money! In this episode, Samantha breaks down one of the most important decisions for creative entrepreneurs: Should you structure your business as a sole proprietor or an LLC?

What You’ll Learn:

  • The key differences between an LLC and sole proprietorship.
  • How each structure impacts your taxes, liability, and credibility.
  • Pros and cons of being a sole proprietor (low cost but no liability protection).
  • Why an LLC can protect your personal assets and offer flexibility for growth.
  • What it means to transition to an S Corp (and when to consider it).
  • Questions to ask yourself to decide which is the right fit for your business.

Samantha provides actionable insights to help you align your business structure with your goals, budget, and long-term vision. Whether you're just starting out or ready to scale, this episode will give you clarity and confidence.

Connect with Samantha:

Website: https://www.firestormfinance.com/

Instagram: https://www.instagram.com/firestormfinance/

Threads: https://www.threads.net/@firestormfinance?hl=en

Pinterest: https://www.pinterest.com/firestormfinance/

Newsletter: https://firestormfinance.myflodesk.com/podcastnewsletter

Have a suggestion for something or someone you'd like to see on this podcast? Fill out this form here.

Listen for free

Show artwork for Creative Minds, Smart Money: Finance & Business Tips for Creatives

About the Podcast

Creative Minds, Smart Money: Finance & Business Tips for Creatives
Creative Minds, Smart Money is the go-to podcast for creative entrepreneurs who are ready to stop treating their finances like a side character in their business story. Hosted by Samantha Eck, bookkeeper and fractional CFO, this show breaks down the financial side of running a creative business into actionable steps that actually make sense.

Each week, we tackle everything from pricing strategies and cash flow management to making smart business decisions that keep your creative business thriving (yes, even during those slow months). You'll get real, practical advice on managing your money and growing your business while still having time and funds to enjoy what you love.

Beyond the numbers, we explore the full picture of creative business success - from marketing strategies to efficient systems - because building a sustainable business requires more than just good bookkeeping. And occasionally, I bring in industry experts to share their insights on taking your creative business to the next level.

Ready to turn your creative talents into a thriving business that actually pays you what you're worth? Hit subscribe and let's make it happen.

About your host

Profile picture for Samantha Eck

Samantha Eck

Samantha Eck is the powerhouse behind Firestorm Finance, where she transforms messy financials into crystal-clear roadmaps for success. With six years of corporate accounting under her belt, a formal education in numbers, and the street cred of running two creative businesses, she’s uniquely equipped to help fellow creatives decode the story their numbers are trying to tell. When Samantha’s not wrangling QuickBooks, you’ll find her dominating on Xbox or curled up with a page-turner, her husband by her side and her pup Vivi keeping watch. She knows that clarity in the books leads to big, dreamy business moves. Ready to see for yourself? Tune into her podcast, Creative Minds, Smart Money, where she makes money talk feel like catching up with a friend.