outdoorpropsctiy (@outdoorpropsctiy)’s videos with TRAP GANG - Lastra
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Business credit cards without an LLC: sole prop tips
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Entity Type \tLiability Protection\t2026 Tax Treatment\tBest For Sole Proprietorship\tNone (owner & business are one)\tPass-through; includes Section 199A (QBI) deduction.\tLow-risk startups, freelancers. LLC\tLimited (protects personal assets)\tFlexible: choose sole prop, partnership, S-Corp, or C-Corp.\tMost small businesses. S-Corporation\tLimited\tPass-through; potential self-employment tax savings on distributions.\tProfitable businesses (over ~$50k/year). C-Corporation\tStrongest\t21% Corp
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Most investors don’t realize this until after they overpay. SC has a ONE time property tax exemption for investment properties that can reduce your taxable value by up to 25% - but the window is tight and easy to miss. This isn’t a loophole. It’s a state exemption. And if you miss it? You still have appeal options through your county assessor. If you own property in SC or plan to buy, this is one of those “wish I knew sooner” things. Saving money doesn’t always look flashy - but it adds up fast.
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