LLC or S Corp: What’s Best for Solopreneurs? + Canva Growth Secrets

👗💰 $10k for Fashion Entrepreneurs

Are you a fashion business owner? You could access up to $50,000 in funding to expand your business. Plus apply for a chance to get $300,000 investment.

Apply Here!

🏦 Finance Fix

If you’re making money from your business and haven’t incorporated yet, it’s time to think about the benefits of an LLC or S Corp.

LLC gives you legal protection by separating your personal and business assets. But, S Corp taxation can save you a ton on self-employment taxes!

Here’s why it matters:

LLC: Great for protecting your personal assets, but you’ll pay self-employment taxes on all your profits.

S Corp: You pay yourself a salary (with taxes), but the rest of your profits? No self-employment taxes there!

For business owners making over $80K, switching to an S Corp could mean serious savings. 💸

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🔥 💻 From Couch to 4,000 Employees

If you're a business owner reading this newsletter, there’s a big chance you’re using Canva. This simple yet powerful tool made graphic design accessible to everyone. 🎨And who’s behind it? Melanie Perkins, a woman who took Canva from her mum’s living room to a global design phenomenon.

 Here’s what she learned on her journey:

• Strong Communities = Strong Brands 💬Teachers, creators, nonprofits, they all rallied around Canva, sharing stories about how it changed their game.

   Takeaway: Build a brand that people want to cheer for. Chat with your audience, actually listen, and celebrate them

• Start Small, Dream Big 🌱➡️🌍Canva started as a yearbook design tool. Yep, just school yearbooks. Melanie zeroed in on that niche, mastered it, and then scaled from there, turning Canva into a go-to for everyone.

   Takeaway: Own a niche, then think bigger!

• Keep Your ‘Why’ in the Driver’s Seat 🎯Canva’s mission was simple: make design accessible. That north star kept Melanie focused, even when things got tough.

  Takeaway: Let your purpose be the compass.