Sole proprietorship or LLC? Before you file anything, you need to understand what you’re actually deciding — because the difference matters more than most people realize.

Episode 3 breaks down both structures in plain language, explains what the LLC protection actually covers (and what can make it disappear), and gives you the one question to ask yourself to figure out which is right for where you are right now.

Your homework before the next lesson: Write down which structure you’re leaning toward and your one honest reason why. That goes in Tab 3 of your binder.