Everyone’s talking about saving America’s middle class. But just who exactly falls into this group?
That’s actually a much more difficult question to answer than it seems. While some experts define the middle class by income, others define it by lifestyle. Still others say it’s a state of mind.
Here are five different ways that economists, federal agencies and even the White House measure and characterize the middle class.
What is middle class, anyway? Click HERE to learn more
Are you middle class? Are you considered middle class where you live? Use this calculator to find out CNNMoney/calculator
It is important to consider the following:
1. Corporations and LLCs are both separate legal entities (business structures) that enjoy certain protections under the law and important benefits. Most people form a legal business structure to safeguard their personal assets.
2. Incorporating or forming an LLC allows you to conduct your business without worrying that you might lose your home, car, or personal savings because of a business liability.
The chart below can help you in your decision-making:
If you need assistance to form your own business, contact me HERE and I can show you The 6 Step to be financially independent using the debt to your favor and in the mean time have your assets grow.