204: Company Structure - LLCs, S-Corps, and Accounting, oh my!
What is an EIN, how to separate your business finances from your personal finances, and keeping your books in order with Bjork Ostrom.
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Welcome to episode 204 of The Food Blogger Pro Podcast! This week on the podcast, Bjork talks about how we’ve structured our businesses and the tools we use to manage them.
LLCs, S-Corps, and Accounting, oh my!If you’re generating income with your blog, it’s important that you have your business structured in a way that you not only understand, but that helps you make strategic decisions in the future.
Bjork is here today to chat through how we have our businesses set up, as well as the tools we use to keep track of our financials. You’ll learn why it’s important to separate your business income from your personal income, how to make sure your books are in order, and more to give you a better idea of how you could be managing your blog expenses and income.
In this episode, Bjork shares:- How you can be strategic with your losses
- Why it’s important to separate your business income from your personal income
- What an EIN is
- Why we’ve separated the financials for each of our businesses
- How we make sure our books are in order
- What tools we use to keep track of our purchases and income
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If you have any comments, questions, or suggestions for interviews, be sure to email them to podcast@foodbloggerpro.com.