The Business Side of Being a Creator: LLCs, S Corps, Write Offs, and Taxes!
Get Karat’s free Taxes 101 guide at https://link.trykarat.com/lemoine
Get Karat’s new business banking product at https://link.trykarat.com/lemoine-banking
Follow Eric at
Instagram: @erictway, @trykarat
YouTube: https://www.youtube.com/@trykarat
Join my channel membership for access to perks:
https://www.youtube.com/channel/UCIPigoUn9DZl6XSuBxoydQg/join
My Gear List:
https://kit.co/philiplemoine/cooking-content-kit
Cooking Creators Course:
https://www.cookingcreators.com/
Cooking Content Creators Facebook Group:
https://www.facebook.com/groups/2528018827511080
FOLLOW ME:
Website: https://www.PhilipLemoine.com
Instagram: https://www.instagram.com/philip_lemoine
TikTok: https://www.tiktok.com/@philiplemoine
Twitter: https://twitter.com/philip_lemoine
This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission.
For sponsorship, product reviews, and collaboration, please email me at:
hello@philiplemoine.com
00:00 – Intro
00:29 – Treat Content Creation Like a Business
01:09 – Tracking Your Finances Helps with Creative Decisions
02:21 – 1099 Contractor
02:58 – WHY You Should Start a Business Entity
04:00 – LLC
04:39 – S Corp
06:27 – How Unemployment Benefits Saved Me
08:49 – WHEN Should You Start a Business Entity?
10:08 – Opening a Business Bank Account
10:43 – Legal Compliance
11:32 – Creator Write-Offs: Home Office & Rent
14:45 – Creator Write-Offs: Job Supplies
18:51 – Creator Write-Offs: Capital Goods & Assets
20:37 – Money Mistakes Creators Make
21:42 – Smart Money Tips for Creators
