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What is a Limited Liability Company or LLC?  - LLC.com
 
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For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC Learn the advantages of forming an LLC and why it is a popular business entity for many entrepreneurs and small businesses. LLC.com has the information needed to make an informed decision on which business structure is best for you including; tax advantages, asset protection, enhanced credibility and much more.
Views: 192164 incorporate.com
How Do I Pay Myself in a Single-Member LLC? - All Up In Yo' Business
 
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Learn more about 180 Law Co. LLC by visiting http://180lawco.com. One question that I get asked quite often, because it’s a really good question, is how the owner of a single-member LLC is supposed to pay him/herself. There are two possible answers to this question, depending on how the LLC is taxed. Unless the LLC elects otherwise, a single-member LLC is considered a “disregarded entity” and all of the income to the LLC is treated as income to the business owner, and is all subject to self-employment tax. So basically, the owner of a single-member LLC can pay himself however and whenever he wants, keeping in mind a few important considerations: 1. Make sure you are prepared to pay taxes. Since the LLC is a disregarded entity, if the business earns $100k but you only “pay” yourself $50k, you are still going to be responsible for paying all of the taxes, including self-employment taxes, on the full $100k. (For simplicity’s sake, I am pretending there are no deductions or anything.) So you need to set aside enough money to make sure you can cover your taxes. 2. The business has to remain adequately capitalized. This means that you need to keep enough money in the business to cover all your overhead, debts, bills, salary for employees, etc. You should also leave some extra “padding” for possibly building up your business, purchasing equipment, and whatever else you may decide to do with your business. In the books, any payments to yourself should be recorded as “Member Distribution” or “Member Withdrawal.” If the LLC elects to be taxed as an S Corporation, on the other hand, you have to be paid a “reasonable” salary. Self-employment taxes will only be paid on that salary rather than on the full amount of profit the business earns. Any money that the business owner takes above that reasonable salary is considered a dividend and won’t be subject to self-employment taxes. To learn more about S Corporations, watch my earlier video What the Heck is an S Corporation at http://youtu.be/i5to7Da3wMw?list=UUNh7tqEn68tf0oOfq4NsFsg If your LLC is not taxed as an S Corp, you don’t need to put yourself on payroll, since those member distributions aren’t treated as normal payroll. If your LLC is taxed as an S Corp, then the salary you earn can be part of your payroll, and any additional dividends will be separate from that. Whether or not you elect to have your LLC taxed as an S Corp and how to handle and record the money that you pay yourself is an important conversation that should be had with your accountant, bookkeeper, & attorney. Doing it the “right” way can help minimize your tax liability and can make your life (and that of your accountant) much easier come tax time. Contact Aiden: (720) 379-3425 and Aiden@180lawco.com Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz Snapchat: @AllUpInYoBiz www.facebook.com/180lawco www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele St., Ste. 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. © 180 Law Co. LLC. All rights reserved.
Views: 245349 180 Law Co. LLC
How much does it cost to setup an LLC?
 
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➡ Full cost breakdown: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/ ✔ How much does it cost to form an LLC? The cost of your LLC will depend on how you go about forming it. You have 4 options: 1. DIY/do it yourself = $0-$300 2. Hire a lawyer = $1,050-$2,100 3. Use an online incorporation website = $199-$1,100 4. Go through our free online course = $0 The reason for the sliding scale is whether or not you need to hire a Commercial Registered Agent. You do not need hire a Commercial Registered Agent if: A. You have a street address located in the state where you're forming your LLC. B. A friend or family member has a street address located in the state where you're forming your LLC. You'll only need to hire a Commercial Registered Agent if If you don't have a street address located in the state where you're forming your LLC. /---------------------------------------/ No matter which route you go, make sure you get an Operating Agreement and obtain your EIN (Federal Tax ID Number) from the IRS. And watch out for any of the following unnecessary items/upsells on many websites: • forced Registered Agent fees • hidden annual renewals (check the fine print) • LLC kit & seal • certified copies (rarely needed) • free trials which convert to monthly fees • LLC membership certificates (not needed as membership interest is controlled via your Operating Agreement) • free domain names, website, logo, etc For full details, check out this guide: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/ Ask any LLC question here and get a reply in a few hours: https://www.llcuniversity.com/ask-llcu/
Views: 44706 LLC University
lcfsp llc preview
 
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Preview of some our recent LLC clips and a short teaser from an upcoming hinged LLWC. Check out our website: www.lcfspecial.com
Views: 81189 LCF Special
Black LLC shoot!
 
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Views: 6336 Cast Masters
Fat Cat Secrets How LLC's make you Bank- Stuff Your Lawyer Will Never Tell You
 
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Free Audio Book - The Hustler's Mindset Pimping your Mind for Success - http://www.hustlerskungfulifeskills.com/courses/the-hustler-s-mindset-pimping-your-mind-for-success LIMITED TIME OFFER - 50% off The Millionaire's Tool Kit - http://www.hustlerskungfulifeskills.com/bundles/fat-cat-secrets-wealth-pack - use code wealthy 3 Pay Option The Millionaire's Tool Kit - http://bit.ly/HUSTLERSLLC three payments of 999.99 for 3 months and you get the BLUEPRINT These Streams are not Monetized so support the channel with a Superchat of $25 -$500 if you catch the replay use the link below. SuperChat This -https://www.paypal.me/MackDaddyMedia GET ON THESE LIST FOR LIVE STREAMS -https://opturl.com/zLwgvx4 Disruptive Male - https://opturl.com/zLwgvx4b War on Ordinary - ( Social Commentary) - https://opturl.com/Yx4q7Ddn Hustler's Kung Fu Fast Money Hustles - https://opturl.com/BQ467ewk Politics and Porn the Ho's are Honest - https://opturl.com/BmwEM7w8
Tax Difference between LLC and S-Corp - LLC vs. S Corporation explanation
 
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Best LLC vs. S-Corp walk through on the internet! Follow us at: Twitter - https://twitter.com/feedbackwrench Facebook - https://facebook.com/feedbackwrench Instagram @feedbackwrench What's the tax difference between an LLC and an S-Corp? What's better, an S Corp or an LLC? How to convert to an S Corporation? Are there tax savings when you become an S-Corp? What business type should I be? How to choose a business type? There are dozens of questions that people have concerning their business entity type. The bottom line is that people are usually trying to pay their fair share and not a penny more - that's the most important thing to them. If you're looking for tax planning advice, ways to reduce your taxes, legal tax loopholes, the best tax loopholes for small business or the best tax write offs for small business - the foundation starts with your business entity type. You should make a wise decision about becoming a limited liability company taxed as a sole proprietor or an S-Corp, because it might save you in self employment, social security and medicare taxes. Social security taxes for an S-Corp are important to figure out! So is figuring out the medicare taxes on an LLC or an S-corp. We hope this video helps you out a ton!
Views: 158698 FeedbackWrench
HELL HOUSE LLC Trailer (2016) Horror Movie
 
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Hell House LLC Trailer - 2016 Horror Movie Subscribe for more: http://www.youtube.com/subscription_center?add_user=NewTrailersBuzz About Hell House LLC Five years after an unexplained malfunction causes the death of 15 tour-goers and staff on the opening night of a Halloween haunted house tour, a documentary crew travels back to the scene of the tragedy to find out what really happened.
Views: 145152 New Trailer Buzz
Thinking About Forming a Single Member LLC? Watch this First!
 
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For more information, you can check me out at: http://www.hawthornlaw.net Or find me on Social at: Twitter: http://www.twitter.com/hawthornlg Snapchat: @jimhart518 Facebook: http://www.facebook.com/hawthornlaw Or join our free online community at: http://www.hawthornlaw.net/facebook
Views: 59275 Hawthorn Law
When To Start An LLC (Shopify Dropshipping)
 
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Start your FREE 14 Day Shopify Trial: https://www.shopify.com/?ref=tanplanventures-llc1 FREE MASTERMIND GROUP: https://m.facebook.com/groups/239818513221234 Make sure to SUBSCRIBE! My INSTAGRAM: http://www.instagram.com/tannerr SNAPCHAT: “Boom”
Views: 43400 Tanner Planes
Top 10 Things Every LLC Needs - All Up In Yo' Business
 
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Contact Aiden and learn more at www.180lawco.com. 10. Agreements. Whether they are service agreements, independent contractor agreements, subcontractor agreements, etc., most small businesses are going to need some sort of an agreement in place to operate safely (in the legal sense) and effectively. The type of small business you have will determine the types of agreements you will need to have in place. For example, as an attorney, I have a service agreement (called an Engagement Letter) with each and every client that makes it clear what I am going to be doing for the client, my fees, how the client can expect to be billed, what I expect or need from the client, my policies that affect the client, what happens if there is a disagreement between us, and so on and so forth. Most, if not all, small businesses that provide a service to their customers should, at a minimum, at least have a similar type of service agreement with their clients. It protects both the small business and the client. 9, 8, & 7. Licenses. Specifically, Tax Licenses, Business Licenses, and Other Licenses. I cheated a little bit here and grouped these three together. Honestly, they are all equally important and depend largely on the nature of your small business. All licenses are of equal importance for the purposes of this Top 10 List. 6. Form 2553 (S Corp). This is the IRS form that needs to be filed if you want your small business to elect to be taxed as an S Corporation. Whether or not you need to file form 2553 is going to depend on whether it would make sense for you tax-wise to elect to be taxed as an S Corp. 5. Insurance (General Liability, Workers Comp, etc.). Every small business is going to need some type(s) of insurance. The type of insurance your small business will need also depends on what type of business you are operating. 4. Initial Resolution/Consent. Although this isn’t necessary (at least in Colorado) for all small businesses, it is usually a good idea to have an Initial Resolution or Initial Consent to Action when starting a small business in order to demonstrate that your business has adopted certain documents, like it’s Operating Agreement or Articles of Organization, and that you as the business owner have resolved to operate your business in accordance with those documents. 3. Form SS-4 (Federal Tax ID). IRS Form SS-4 Application for Employer Identification Number is the form that you file with the IRS to get a Federal Tax ID number (aka EIN or Employer Identification Number) for your small business. Even if you are not going to employ people right away, you will probably need an EIN to open up a business bank account. Most, if not all, banks require a business to have an EIN in order to open up a business account. 2. Operating Agreement or By-Laws. Every LLC needs an Operating Agreement. Let me say that again in case you missed it: every LLC needs an Operating Agreement. Even if it is not required by statute (Colorado does not require it), it is still a vital internal document for your small business to have. An Operating Agreement is the internal document where the owner or owners (aka the members) agree on how the business is going to be operated, i.e., type and nature of business; what the business is going to do; how members are going to get paid; how distributions are going to be made; what will happen in the event of disagreement between the members; etc. All of this information is set forth in the Operating Agreement. The By-Laws of a corporation serve basically the same purpose as the Operating Agreement of an LLC. 1. Articles of Organization (or Articles of Incorporation). Every single LLC in existence must have Articles of Organization. I can say this with complete certainty because you will need to file Articles of Organization with the Secretary of State in order to create your LLC. Bottom line: if you did not file Articles of Organization, then you don’t have an LLC. Similarly, every corporation in existence must have Articles of Incorporation. The Articles of Organization or Incorporation are what brings the LLC or corporation into a legal existence. Without them, your small business, whether it is a corporation or an LLC, does not legally exist. Contact Aiden: (720) 379-3425 and Aiden@180lawco.com The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele St. Ste. 250 Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
Views: 117750 180 Law Co. LLC
LLC or Corporation: Which is Better
 
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Curious which is a better entity structure for your business, an LLC or Corporation? The answer depends on your business goals, as both entity types have pros and cons. Part of video series entitled Genesis Law Firm Teaches. For more free legal guides, visit http://www.genesislawfirm.com and click on the 'resources' tab.
Views: 16603 Genesis Business
Tax Benefits of an LLC Business - Why you NEED a LLC
 
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http://bit.ly/Wx85YD Download Expense Tracker App for Free -- http://www.taxorganizer.biz?affId=135911 For More Tax Help Videos Check Out -- http://ExpenseTrackerApp.net Tax Deduction rules on what you can and can't write off. Tax Benefits of an LLC Business - Why you NEED a LLC SUBSCRIBE to the Expense Tracker Channel to learn how to organize your business expenses so you can save your money on Taxes. Scott Estill is a Lawyer that specializes in helping you save money on big tax deductions. Whether you're an LLC, Sole Proprietor, S corporation or C corporation, Small business, Home business or big business these tips and tricks will benefit you. Be sure to down the Tax Organizer app available for iPhone or Droid, which help help you track and organize your expenses, leaving you better prepared for taxes. 0:01 before you go into business i think you should consider a lot of the the issues 0:05 that are associated with any running any sort of a business and one of the big 0:09 ones you're going to consider is going to be the tax elements of them 0:12 of running a business itself and i think the tax benefits of a business uh... 0:17 primarily are the fact that you're legally now entitled to be able to 0:21 deduct any business expense and a business expense for purposes of the tax 0:26 laws is considered to be any expense that's ordinary necessary in reasonable 0:31 for the business 0:33 and so what we're talking about here when when we talk about ordinary and 0:36 necessary 0:37 is just what the business expenses very common very helpful for your business 0:42 it's it's a similar type expense that other businesses would typically incur 0:46 and the reasonableness element comes into play because the iris wants to make 0:50 sure that whatever you're spending money on is quote on quote reasonable in the 0:54 circumstances 0:55 and i think if you follow those three rules and we'll get to other other of 1:00 the rules for certain types of expenses on other videos 1:03 but if you follow these rules and we have an expense that is helpful for your 1:06 business it's common for your business and it's a reasonable expense you can 1:11 feel feel pretty safe in claiming the deduction and now being able to offset 1:15 some of your otherwise taxable income 1:18 i found the tax organizer apt to be did a very important for a lot of my clients 1:22 it helps them keep their records together keep some organized 1:25 and that's why we're making the tax organizer apple bella before you as a 1:29 free download all you need to do this clip below 1:32 and try it out for yourself have nothing to lose
Views: 25187 ExpenseTrackerApp
LLC explained - UAE Companies law Animation
 
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LLC Limited Liability Company in the United Arab of Emirates explained and simplified in a nutshell. An animation video about the United Arab of Emirates "UAE" federal companies law number 2 for 2015, the video gives a quick overview about the LLC in respect to definition of the company, partners liability and ownership, memorandum of association, local partners ownership, sole owner , foreign investor ownership , roles and duties of the partners and directors, company capital , partner contribution, distribution of profit and loss , legal reserve and transfer of ownership ( selling and pledging the shares ). article 71 to 82 الشركة ذات المسؤولية المحدودة في دولة الإمارات العربية المتحدة وفقا لقانون الشركات الإتحادي رقم 2 لسنة 2015 يشرح الفيديو بصورة مبسطة و سريعة ماهية الشركة ذات المسؤولية المحدودة و الحد الأدني و الأقصى للشركاء و مدى تحملهم لإلتزامات الشركة عقد الشركة ، الشريك المواطن و ملكيته لرأس مال الشركة مقارنة بالشريك الأجنبي و امكانية تملك الشخص الواحد للشركة بمفرده بالإضافة الى دور الشركاء و المديرين و تقسيم الارباح و الخسائر و نقل ملكية أسهم الشريك في الشركة للغير سواء عن طريق البيع او الرهن
Views: 19469 LEX ANIMATA
How To Start A Business Fast  Why You Need An LLC
 
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Free Audio Book - The Hustler's Mindset Pimping your Mind for Success - http://www.hustlerskungfulifeskills.com/courses/the-hustler-s-mindset-pimping-your-mind-for-success LIMITED TIME OFFER - 50% off The Millionaire's Tool Kit - http://www.hustlerskungfulifeskills.com/bundles/fat-cat-secrets-wealth-pack - use code wealthy 3 Pay Option The Millionaire's Tool Kit - http://bit.ly/HUSTLERSLLC three payments of 999.99 for 3 months and you get the BLUEPRINT These Streams are not Monetized so support the channel with a Superchat of $25 -$500 if you catch the replay use the link below. SuperChat This -https://www.paypal.me/MackDaddyMedia GET ON THESE LIST FOR LIVE STREAMS -https://opturl.com/zLwgvx4 Disruptive Male - https://opturl.com/zLwgvx4b War on Ordinary - ( Social Commentary) - https://opturl.com/Yx4q7Ddn Hustler's Kung Fu Fast Money Hustles - https://opturl.com/BQ467ewk Politics and Porn the Ho's are Honest - https://opturl.com/BmwEM7w8
How to Start an LLC for Cheap
 
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Follow along with the video now: http://www.moneyahoy.com/out/legalzoom Want to learn how to start an LLC for cheap online with LegalZoom.com? Follow these steps to start and setup your new LLC now. Follow the steps in this video to start and setup your new LLC now! Today, I'll take you (rather swiftly) through how to save more than $800 on LLC setup fees! I use and recommend LegalZoom for setting up an LLC; however, there are many others out there with the same capabilities that you may use if you choose to do so. Here is a shortcut to the affiliate link so that you can follow along with the video: http://www.moneyahoy.com/out/legalzoom (it does not cost you any extra, and I receive a small referral fee). If you follow my recommendations you will save yourself more than $800! For more details, and step-by-step written instructions to save more than $800 when you start and setup an LLC On-line, visit my personal finance website here: http://www.moneyahoy.com/start-and-setup-an-llc-on-line-in-less-than-6-minutes
Views: 11707 MoneyAhoy
How to Start and Setup an LLC On-line in Less Than 6 Minutes!
 
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Follow along with the video now: http://www.moneyahoy.com/out/legalzoom Want to learn how to start and setup an LLC On-line with LegalZoom.com in less than 6 minutes? Follow the steps in this video to start and setup your new LLC now! Today, I'll take you (rather swiftly) through how to save more than $800 on LLC setup fees! I use and recommend LegalZoom for setting up an LLC; however, there are many others out there with the same capabilities that you may use if you choose to do so. Here is a shortcut to the affiliate link so that you can follow along with the video: http://www.moneyahoy.com/out/legalzoom (it does not cost you any extra, and I receive a small referral fee). If you follow my recommendations you will save yourself more than $800! For more details, and step-by-step written instructions to save more than $800 when you start and setup an LLC On-line, visit my personal finance website here: http://www.moneyahoy.com/start-and-setup-an-llc-on-line-in-less-than-6-minutes
Views: 111423 MoneyAhoy
Proper Use of LLCs for Real Estate
 
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In this video, real estate asset protection attorney Clint Coons covers how LLCs should be used to own and control real estate and how to use a Nevada or Wyoming LLC to for additional protection and anonymity. If you would like a FREE 30-minute consultation. you can request one here: https://andersonadvisors.com/30minuteconsult/
Views: 124411 Clint Coons
2017 Step-By-Step: How To Establish An LLC/ Business For $50!
 
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Arizona CC Link: http://ecorp.azcc.gov/Entity EIN# LINK: https://www.irs.gov/ Please note i am not a professional with setting up LLC or businesses. please contact a legal professional before setting up your business. In todays video i help you understand how to set up and establish an LLC, its the least expensive way according to my knowledge and i hope you all enjoy! Thank you so much for the support, I'd like to welcome anyone with any questions to message me as i would love to be a part of your success. If you have any suggestions for future videos such as Day Trading, Investing, Stock Market, Realestate, Car Sales, Robinhood, TD Ameritrade, Fidelity, Entrepreneurship, Forex, Online Marketing, Online Sales or fun daily vlogs. Please let me know. For those who are interested in Trading & Investing, I encourage you to join my Facebook Team of over 29,000 Entrepreneurs for free! Link: https://www.facebook.com/groups/206449886400926/ Techbuds Instagram: https://www.instagram.com/techbudsolutions/ Ricky's Instagram: https://www.instagram.com/rickygutierrezz/ Do You Want To Live In One Of My Entrepreneural Homes? Sign up: https://www.milkyassets.com/ Want to Rent a car on Turo, Get $25 Off: https://turo.com/c/rickyg37 DISCLAIMER: Please note that i do not charge for any of my services or ask for any information. I always encourage our members to trade ONLY what you understand and never based on anyone's opinion. My videos are for entertainment purposes only.
Views: 10897 Ricky Gutierrez
How to Form An LLC
 
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www.llcwizard.com - Forming An LLC is simple when you know proper steps. I have outlined where to form your llc, when to form your llc and the benefits of forming an llc. Plus I show you where you can go to get a necessary llc operating agreement you need to form an LLC.
Views: 70486 LegaLees
LLC Operating Agreement (template + instructions)
 
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Operating Agreement Download (Word Doc): https://www.llcuniversity.com/wp-content/uploads/Free-LLC-Operating-Agreement-v1.1.doc Operating Agreement Download (PDF): https://www.llcuniversity.com/wp-content/uploads/Free-LLC-Operating-Agreement-v1.1.pdf Operating Agreement Download (Google Docs): https://docs.google.com/document/d/1W8Fc-ksM4YQ8hAYWSE0yBLJQ0FyG1dJJuP6ZUod5fp0/copy Our website: https://www.llcuniversity.com [=================================] -- WHAT IS AN LLC OPERATING AGREEMENT? -- An Operating Agreement is an agreement for the member(s) of your LLC that sets forth how the LLC will be managed both financially and operationally. Your Operating Agreement also spells out how much of the LLC each member owns. You can have 1 member who owns 100%, you can have 2 members with a 50/50 split, 60/40, 70/30 (anything really!), or you can have 3 or more members and you can split the ownership any way you’d like. The LLC is a flexible business structure. There is no limit on the number of members you can have. And, there are no restrictions on how you split the ownership of the company. [=================================] -- OPERATING AGREEMENT IS AN “INTERNAL DOCUMENT” Unlike your LLC Formation Documents, the Operating Agreement does not need to be mailed anywhere. You do not need to mail it to the State. You do not need to mail it to the IRS. It is strictly an “internal document”. This means that you will just keep a copy with your other business documents. [=================================] -- PURPOSE OF THE LLC OPERATING AGREEMENT -- Again, the purpose of the Operating Agreement is to spell out who the member(s) are and what percentage of the LLC they own, also known as their “membership interest”. It also defines how the LLC is managed, how taxes are paid, and how profits and losses are distributed amongst the member(s). Remember, your LLC can be owned by one person (called a Single-Member LLC) or your LLC can be owned by 2 or more people (called a Multi-Member LLC). [=================================] -- WHAT YOU NEED FOR YOUR LLC OPERATING AGREEMENT -- In order to complete your Operating Agreement, you will need some basic information. • The formation date of your LLC. • The name and address of the Registered Office and Registered Agent. • The general business purpose of the LLC. • Member(s) percentages of ownership. • Names of the Members and their addresses. Your final Operating Agreement is not “set in stone”. You can make changes as needed. [=================================] -- MAKING CHANGES TO YOUR LLC OPERATING AGREEMENT -- One of the benefits of forming an LLC is the flexibility of managing your business. The Operating Agreement is a working document that is meant to be fluid and allow for changes as your business grows. If you want to make simple changes (such as a change of address for a member or changing your Registered Office or Registered Agent), you’ll need to revise the original Operating Agreement. If, however, you need to make complex changes (for example one member purchases the interests of another member, or you decide to raise financing with investors), it is best to hire an attorney. Making changes like these can have negative legal and tax consequences if done incorrectly. Once all changes are made, you’ll need to print the new Operating Agreement and have all of the members sign it. It is best practice to keep a copy of all versions of your Operating Agreement so you have a history of the changes that were made. [=================================] -- WHO NEEDS YOUR LLC OPERATING AGREEMENT? -- You may need to provide a copy of your Operating Agreement to: • A lender if you are obtaining financing • A title company if you are purchasing real estate • Accounting and tax professionals for financial assistance • Lawyers for legal advice • Potential investors or partners who have an interest in your business [=================================] -- OPERATING AGREEMENT PROTECTS YOUR ASSETS -- If you’re involved in a legal battle, the Court will likely ask for your LLC’s Operating Agreement. Having one can help prove to the Court that you have a legitimate LLC and that you are running your business properly. If the Courts were to find you running an LLC without an Operating Agreement, they may go after your personal assets. [=================================] -- DISCLAIMER -- This information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state. LLC University® is a registered trademark of LLCU Media Group, LLC. © LLCU Media Group, LLC. All rights reserved. https://www.llcuniversity.com [=================================]
Views: 71831 LLC University
Sole Proprietor, LLC, or Corporation? - All Up In Yo' Business
 
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Visit www.180lawco.com to contact Aiden or learn more! What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w The three most common types of structures for a small business are the sole proprietor, LLC, and corporation. These are by no means the only options for business structure; there are many more options out there (e.g., general partnerships, limited partnerships, limited liability partnerships, cooperatives, non-profit corporations, etc.). But they are not nearly as common or popular as the sole proprietor, LLC and corporation. So I'm not going to talk about them here! :-) If you are operating as a sole proprietor, this means that you have not really formed any legal structure of a business entity. If you are just an individual making income from providing services or selling products and you have not registered anything with your state, then you are already operating as a sole proprietor. If you are operating under a trade name (e.g., if I am operating a lawn mowing service under the name “Aiden’s Lawn Mowing Service,” that would be the trade name), then you should file a Statement of Trade Name with the Secretary of State in order to register the fact that you are operating under that trade name. However, just because you file your trade name does not mean that you are an LLC or any kind of entity; you are still just a sole proprietor. The LLC is the most popular entity formation and that is because (in Colorado, at least) an LLC is inexpensive and relatively simple to start and run. To form an LLC, all you have to do is file Articles of Organization with the Secretary of State (or whatever agency operates business organizations in your state) and boom! you've got yourself an LLC. Of course, there are other things you need to do to make sure your LLC is going to protect you personally and to avoid piercing the corporate veil. Similar to a sole proprietor, all of the income to the business is taxed as if it were personal income to the business owner. Finally, the biggest difference between an LLC and sole proprietor is that an LLC does give you that liability protection. So, if there is a lawsuit, or if the LLC is subject to some liability, then you as the business owner should be personally protected and your personal assets would most likely be safe from those liabilities. When I say "corporation" in this context, I am referring to a C-Corporation specifically. (I'm going to touch on the S-Corporation in just a minute.) The corporation is a little bit more complicated and expensive to set up, but there are some instances where it would be useful to have a corporation. First, it’s important to know that there are three groups of players in a corporation: Shareholders, Board of Directors, and Officers. Shareholders are basically the owners; they own shares of the corporation. The Board of Directors is responsible for making decisions about the operation of the corporation. And the Officers are generally those that are actually participating in the business and managing the business and all of its activities. Despite these various players, a small business can still form as a corporation and the Shareholder, Board of Directors, and Officers can all be one person. In other words, one person can hold multiple positions within the corporation. So, it is still possible to have a corporation as a small business and solo business owner. To create a corporation, you will need to file Articles of Incorporation with the Secretary of State. You will also need to write Bylaws, which are essentially the same as an Operating Agreement, but with regards to a corporation. The Bylaws say how the corporation is going to be run and managed and operated. If there are going to be multiple shareholders, then you will probably also want to have a Shareholder Agreement. One of the biggest drawbacks of a corporation is that corporations are subject to double taxation. When money comes into the business it is taxed at the corporate rate as income to the corporation, then when money is distributed to the shareholders, it is taxed again as dividends to the shareholders. Finally, just like an LLC, the corporation provides liability protection to the Shareholders, the Board of Directors, and the Officers in most instances. So if there is a lawsuit over the corporation or if the corporation has debts or liabilities, the Shareholders, Board of Directors, and Officers are most likely going to be protected personally from those liabilities. Contact Aiden: (720) 379-3425 and aiden@180lawco.com Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/180lawco www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB
Views: 124392 180 Law Co. LLC
Should You Make Your Business an LLC, SCorp or DBA
 
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Get Your Free Online Store Success Pack Here: http://www.effectiveecommerce.com/successpack/ In this video, we are going to talk about whether you should make your online business an SCorp, an LLC, a DBA or something else like that. So, let’s get right down to it. First of all, if you are a sole proprietor, meaning that you are the only person that owns the business, and it is a small company that is doing say $500,000, what I have been told is to do it as a DBA. Now, this assumes that there is no kind of liability. If you do your business as a DBA, which stands for “doing business as,” you are not going to be protected. If someone wants to sue your business they can sue you as well. Now, that is pretty rare. However, if you are selling, for instance, something that people eat, then you might want to seek the protection of an LLC. Additionally, if you are doing something where there is the potential that someone is going to get really hurt and be able to sue, you might want to do it as an LLC. But, if it is something like, for instance, Effective Ecommerce, which is my consulting company where people are probably not going to be able to sue me, there is not a lot of harm in doing it as a DBA. One of the benefits of a DBA is that you are only going to pay $99.00 to LegalZoom.com to fill out the paperwork. Now compare that with an LLC or an SCorp, and every state is different but it is almost always more expensive to be an SCorp or an LLC. The $99.00 will get you, I think it is like three to four years as, a DBA and then you will need to renew it every three to four years Compare that with an LLC. In California, I believe that it is $800 and I think an extra $800but each state is different. Those numbers might not be exactly correct. Plus, you have to pay a lawyer to help you with some of the filing. Not a fun process. If you are a business and you are not sure which type of entity that you should be, you should probably start out as a DBA. If you are just thinking about starting a business, you may not want to spend all that money up front on your business license. That is just a waste. Now, if you have a more serious business or you are a little bit worried about people suing you, you should consider an LLC, an SCorp or one of the others. I am not a tax advisor so with regard to everything in this video, please consult your CPA, your tax professional. However, let me give you my call on it. An LLC is a little bit easier to own and there is less paperwork that you need to file. As far as an SCorp, you have to jump through a few more hoops you. You do have the benefits, though, of an SCorp. For one thing, you can get a dividend at the end of the year. This is taxed at a lower rate so you say you are making a salary of $50,000 but your business makes a profit of $50,000 as well. The benefit increases as the profit increases. You can take that profit as a dividend and it will be taxed at a lower rate than just general salary. Obviously, that is the big advantage of an SCorp. My personal opinion is if you have a smaller business or you are just starting out, it is best to started out as a DBA. My company, Bdancewear, started out as a DBA. There was really no downside until we were doing a few hundred thousand dollars. We then decided that we needed to be a little bit more legitimate. Now we are an LLC but we are taxed as an SCorp. That is, as far as I can tell, the best option. If someone out there watching this video that knows more than I do, please leave any additions or comments in the “Comments” section down below, i.e., tell me what is the negative side of an LLC tax with an SCorp. So, that is what I would go with. I think you definitely want to be some form of an SCorp because it is going to allow you to get that dividend at the end the year that is taxed at a lower rate. So that is it for this video. If you liked it, please click that “Subscribe” button down below. I have a ton more ecommerce videos coming out. Also, if you want my free ecommerce success pack, click up here. I have a number of marketing helps including checklists, marketing guides and a whole guide on how to hire a VA. There are just tons of free gifts. Every time I come up with something new, I will put it up there. to last. If you have any questions, put them in the comments down below. Thank you so much for watching this video.
Views: 3325 Travis Marziani
Do I Need an LLC for my Rental Property?
 
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Financial expert and CPA Mark Kohler provides his tax tip for managing rental properties.
Views: 8174 Entrepreneur
"My experience" Filing for LLC INC and EIN number
 
05:22
Just give us some basic information on filing for your LLC Inc and obtaining your EIN number Facebook: https://www.facebook.com/IamTRB Twitter: @therightbrotha IG: therightbrotha Looking to support The Movement? Click The link below! https://www.paypal.me/TheRightbrotha Facebook: https://www.facebook.com/IamTRB Twitter: @therightbrotha IG: therightbrotha Looking to support The Movement? Click The link below! https://www.paypal.me/TheRightbrotha
Views: 54578 TheRightBrotha
Florida LLC - Annual Report
 
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Step-by-step instructions: https://www.llcuniversity.com/florida-llc/forms/ Annual Report Filing (can only be done online): http://www.sunbiz.org/ The Annual Report needs to be filed every year for Florida LLCs, and is due between January 1st and May 1st. If this is your first year filing an annual report, your annual report is due between January 1st and May 1st of the calendar year following the year of formation. [=================================] -- ANNUAL FILING FEE -- $138.75 -- ACCEPTED FORMS OF PAYMENT -- Check, Money Order, or Credit Card [=================================] -- DUE DATE -- The Florida LLC Annual Report is due between January 1st and May 1st. There is a $400 late fee for filing after May 1st. [=================================] -- FLORIDA SECRETARY OF STATE -- 850-245-6051 http://sunbiz.org/ [=================================] -- DISCLAIMER -- This information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state. LLC University® is a registered trademark of LLCU Media Group, LLC. © LLCU Media Group, LLC. All rights reserved. https://www.llcuniversity.com [=================================]
Views: 3214 LLC University
Avoiding the Risks of a Single-Member LLC (Again) - All Up In Yo' Business
 
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Contact Aiden and learn more at www.180lawco.com. For more on single-member LLCs, watch 'How Do I Pay Myself in a Single-Member LLC?' at http://youtu.be/fWkbJs3XLrs?list=UUNh... Forming a limited liability company can be a great way for business owners to avoid personal liability for the debts and liabilities of the company. However, being the sole member in a single-member LLC carries with it an enhanced risk of personal liability by creditors piercing the corporate veil and the alter ego doctrine. If the assets and the actions of the LLC are so intertwined that the LLC is merely the "alter ego" of the business owner, creditors may be able to pierce the corporate veil and go after the personal assets of the business owner to satisfy debts of the company. Some of the most important steps that need to be taken to attempt to avoid a creditor being able to pierce the corporate veil are: 1. Follow legal formalities: even in a single-member LLC, the LLC still needs to keep records and meeting minutes, and follow a well-drafted operating agreement; 2. Adequate capitalization: under-capitalizing an LLC is a sure-fire way to open yourself up to personal liability; 3. Never commingle funds: EVER! Business funds pay business expenses and your personal funds pay personal expenses. No "borrowing" from the company to pay your mortgage. 4. Always act on behalf of the LLC: when you sign documents on behalf of the LLC, make sure you are signing documents ON BEHALF OF THE LLC. For example, I would sign paperwork as "The Law Office of Aiden H. Kramer, LLC, By: Aiden Kramer, Member." I am not signing in my personal capacity. These are just some of the most important steps that need to be taken to attempt to avoid personal liability in a single-member LLC. Contact Aiden: (720) 379-3425 and Aiden@180lawco.com Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/180lawco www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB
Views: 98464 180 Law Co. LLC
How to Pay Yourself in a Single Member LLC
 
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In today's video, I share with you the proper method to pay yourself if you own a Single Member LLC. This will be especially helpful for you solopreneurs out there who are building businesses on the side. I've written a more in depth blog post on this issue at my website: http://www.hawthornlaw.net/how-to-pay-yourself-in-a-single-member-llc/ For more information, you can check me out at: http://www.hawthornlaw.net Or find me on Social at: Twitter: http://www.twitter.com/hawthornlg Snapchat: @jimhart518 Facebook: http://www.facebook.com/hawthornlaw Or join our free online community at: http://www.hawthornlaw.net/facebook
Views: 163983 Hawthorn Law
Should I Form an LLC? - All Up In Yo' Business
 
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Contact Aiden: (720) 722-0639 and Aiden@AidenKramerLaw.com Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com. Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz Snapchat: @AllUpInYoBiz www.facebook.com/aidenhkramer www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by The Law Office of Aiden H. Kramer, LLC, with its principal office located at 6795 E. Tennessee Ave. Suite 635, Denver, CO 80224. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with The Law Office of Aiden H. Kramer, LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of The Law Office of Aiden H. Kramer, LLC. © The Law Office of Aiden H. Kramer, LLC. All rights reserved.
Views: 10866 180 Law Co. LLC
Creating Anonymity for your LLC
 
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Most investors are unaware an LLC can be set up without the investor's personal information publicly disclosed to anyone with access to a computer. A key component of creating an asset protection shield is to maintain a veil of privacy around your assets. Its common sense that if you appear worthless, a creditor will be forced to weigh the options of bringing a claim because the possibility of recovery is highly suspect. Unfortunately, most real estate investors and professionals who establish LLCs either do not know how to create an LLC without the investor's information being publicly exposed or downplay the importance of anonymity in planning. (I believe the latter is a direct result of a professional not understanding how to create the former.) When an LLC is organized, the organizer must select between a manager-managed, or member managed LLC. With either LLC form, 45 states require the LLC organizer disclose the LLCs manager(s) or member(s). This information is publicly available because on the state’s secretary of state website. How important is anonymity? Very! Consider a recent situation involving a real estate investor in California who I will refer to as John. Five years ago John established a California member managed LLC to hold his rental duplex. A year ago John defaulted on a contract he signed personally. The other party sues and obtains a judgment against John for $200,000. John thought he was judgment proof because the only asset he owned is his car and the LLC. John was taken by surprise when he attempted to refinance his duplex, to pull some cash out, and the lender informed him his creditor had filed a lis pendes against his duplex and he could not refinance the property without paying off his personal creditor. John’s creditor performed an asset search in California and discovered John was the member of an LLC. A follow-up search discovered the LLC owned a duplex. Armed with this information, the creditor placed a lien on the property held in John’s LLC. If you are wondering how John’s personal creditor can access real estate inside of an LLC don’t bother, they can. The actions of John's creditor is not about what is right but rather, how much trouble, angst, and financial pain the creditor can create in John’s life to force him to settle the creditor’s claim. This creditor is arguing John committed a fraudulent transfer when he moved his rental into his LLC. When bringing this type of action, the creditor is within its rights to file a lien against the property held in the LLC. Now John will probably ultimately prevail because the property was transferred into the LLC 4 years before the lawsuit but, John’s major asset is tied up pending the outcome of his case. John’s obvious mistake was not using an anonymity strategy to protect his association with his California LLC. If John had contacted me five years ago, I would recommend he set up a Wyoming LLC with a nominee manager to hide his identity. Following the creation of the Wyoming LLC, we would set up John’s California LLC with his Wyoming LLC as its member manager. Thus, when someone looked at the California LLC, it would point not to John but the Wyoming LLC. If the someone followed this trail and looked up the Wyoming LLC it will point to a nominee manager and not John who is the actual, but undisclosed, manager of the Wyoming LLC. Questions or requests for a video topic are always welcome! If you would like a FREE 30-minute consultation, you can request one here: https://andersonadvisors.com/30minuteconsult/ Be sure to check out my website https://andersonadvisors.com/ where you can find additional information on our upcoming workshops. 800.706.4741 ccoons@andersonadvisors.com https://andersonadvisors.com/ Twitter: @Clint_Coons Blog: https://clintcoonsblog.com The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
Views: 7109 Clint Coons
How to Form an LLC in Oklahoma
 
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Go to http://wikidownload.com/wiki/oklahoma-llc-articles-organization-forms/ How to Form an LLC in Oklahoma under the Limited Liability Act which allows a resident to apply for a domestic LLC for the purpose of transacting business within the State. Steps 1 Choose Your LLC Name. - Choose the name of your LLC. You should choose a name that compliments the industry you are in as well as the brand you will be seeking to build. If you think someone else may have selected and registered your LLC name already, you can check the Oklahoma LLC Database. 2 Get Oklahoma Articles of Organization. - This is the actual form that you will use to apply for your domestic Limited Liability Company. Completely fill in the form on your computer or print out and write in neat black ink. Pay filing fee of $100 and make payable to the 'Secretary of State'. Send filing fee and articles of organization to: OKLAHOMA SECRETARY OF STATE, 2300 N Lincoln Blvd. Room 101, State Capitol Building, Oklahoma City, Oklahoma 73105-4897 3 Wait for LLC. - Wait for your LLC to come in standard mail approximately 10 to 15 business days after sending. 4 Apply for EIN Number. - If you have more than one member in your company or you will be making a business bank account, you will need a Tax ID Number (or Employment Identification Number). Apply Online Tips Must be at least 18 years of age. Highly recommended an LLC operating agreement.
Views: 4219 HowtoFormanLLC
LLC Registered Agent: Form an LLC (6/11)
 
04:49
▶▶ Learn more about LLCs: http://llcuniversity.com ◀◀ This video explains: - What is a Registered Agent - What is a Registered Agent - Service of Process - Who can be your Registered Agent - Registered Agent Myths - How to save money on fees [=================================] -- WHAT IS A REGISTERED AGENT AND REGISTERED OFFICE? -- There needs to be a reliable street address (and a reliable point of contact) where legal documents can be delivered in case your LLC is sued. This is known as your Registered Office and Registered Agent. Your Registered Office must be a street address located in the state where your LLC is formed. Your Registered Office cannot be a PO Box address. Think of your Registered Office as the “home base” for your Registered Agent. Your Registered Agent should be available at this address during normal business hours to receive any documents on behalf of your LLC. Your Registered Office can be an actual office address, or it can be your home address, or even the address of a friend or family member. [=================================] -- SERVICE OF PROCESS -- Again, your Registered Agent must agree to accept delivery of legal documents related to any lawsuits against your LLC. Delivery of legal documents related to a lawsuit is known as Service of Process. Service of Process includes items such as complaints, summons, and/or subpoenas. Many states will also use your Registered Agent as a general point of contact for mailing you business & tax notices, payment reminders, and other documents. [=================================] -- WHO CAN BE YOUR REGISTERED AGENT? -- You have 3 options for designating your LLC’s Registered Agent: Option 1: You can be your LLC’s Registered Agent. Option 2: A friend or family member can be your LLC’s Registered Agent. Option 3: You can hire a Commercial Registered Agent for a fee. Note: There are a couple states that allow your LLC to serve as its own Registered Agent, but this is the exception to the rule. In 90% of the states your LLC cannot be its own Registered Agent. [=================================] -- HOW DO I KNOW WHICH ONE TO CHOOSE? -- It depends on whether or not you have a street address located in the state where you are forming your LLC. If you have a street address in the state, then choose Option 1. Option 1 is the most convenient and least expensive (it’s free!). This is what the majority of our customers do. If you don’t have a street address in the state, then choose Option 2 or Option 3. Choose Option 2 if you have a trusted friend or family member (who has a street address in the state). Since you won’t need to hire a Commercial Registered Agent, you’ll save yourself some money. If you (or friends or family members) don’t have an address in the state, then you will need to choose Option 3 and hire a Commercial Registered Agent. [=================================] -- COMMERCIAL REGISTERED AGENT -- A Commercial Registered Agent is a company that specializes in receiving Service of Process on behalf of businesses nationwide. They typically charge between $100-300 per year. Once hired, they will receive Service of Process on behalf of your LLC and then forward it to you by mail at any address you’d like. Most will also fax or email your documents if preferred. If you decide to hire a Commercial Registered Agent, we recommend Northwest Registered Agent. (Here’s a link to their website: http://www.northwestregisteredagent.com) They have been in business for more than two decades and their support is top notch. [=================================] To learn more about Registered Agents, visit: http://llcuniversity.com [=================================]
Views: 13101 LLC University
Choosing Your LLC Name: Form an LLC (5/11)
 
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▶▶ Learn more about LLCs: http://llcuniversity.com ◀◀ This video explains: - How to search your LLC name - LLC name requirements - LLC name restrictions - Distinguishability [=================================] -- YOUR LLC NAME -- A well chosen LLC name can be essential to your business success. Your name will last for many years and will be an important part of your brand - your company's reputation. Here are a few quick tips to keep in mind when you are brainstorming options for your name. - Make your LLC name easy to spell. You want to make sure people can find you when they’re looking for you. - Make your LLC name short. Shorter names are easier for people to remember. It also makes it easy for people to refer you to their friends. - Make your LLC name have a positive connotation. Leave people with a good feeling when they hear about your business. [=================================] -- IS YOUR LLC NAME TAKEN? -- In order to make sure your desired LLC name is available for use, you will need to search it against the existing companies on your state’s database. We will walk you thru this step-by-step in another lesson. You need to know if your name is taken, so you can: - Avoid infringing upon someone else’s name rights. - Differentiate your business name from existing companies. - Make sure your desired LLC name is available for use before you file your documents. [=================================] -- NAME REQUIREMENTS FOR YOUR LLC -- Your LLC name must end with the words “Limited Liability Company", or the abbreviations: "L.L.C." or "LLC". Using the abbreviation "LLC" is the most common. For example, Joe wants to start a company by the name "Joe's Landscaping Services". Since he is forming an LLC, he must use the name "Joe's Landscaping Services, LLC". Again, using the abbreviation "LLC" (or the full word) is a requirement when forming an LLC. [=================================] -- NAME RESTRICTIONS FOR YOUR LLC -- Your LLC name cannot imply that it is a corporation. You are not allowed to use the words “Corporation” or “Incorporated”, or the abbreviations “Corp.” or “Inc.” anywhere in your LLC name. Let's look at our example again. Since Joe wants to form an LLC, he cannot call his company "Joe's Landscaping Services Inc." or "Joe's Landscaping Services Incorporated". [=================================] -- DISTINGUISHABILITY -- Your desired LLC name must also be “distinguishable”. This means it cannot be too similar to the names of existing companies that are found in the results during the search of the database. The state will not approve your LLC if there is an existing company with your desired LLC name or if your name is too similar to an existing company. [=================================] -- SEARCHING YOUR LLC NAME? -- To find out if your LLC name is taken, visit: http://llcuniversity.com [=================================]
Views: 13507 LLC University
Forming an LLC for Real Estate Investing
 
11:36
In this video, real estate asset protection attorney Clint Coons covers the basics when it comes to setting up a limited liability company for real estate investing. Discover where your LLC should be established, which form to choose, and some tax considerations. If you would like a FREE 30-minute consultation. you can request one here: https://andersonadvisors.com/30minuteconsult/
Views: 22927 Clint Coons
Can I use an LLC for My Personal Residence? (pros and cons)
 
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We teach people how to form LLCs in all 50 states: https://www.llcuniversity.com Using an LLC for your personal residence has some pros and cons. In this video we'll discuss what you need to do in order to purchase the real estate in the name of the LLC. The related video I mentioned about "when to form an LLC for real estate" can be found here: https://www.youtube.com/watch?v=03IK5wtv_5g If you already own your home in your personal name, you'll need to transfer title to the LLC. This means you'll need to contact a local title company and calculate all the closing costs. You'll also need to talk to the bank to see if it's even possible (it's not likely in most cases)... so it's best to transfer title when you own the house free and clear. On the other side, if you haven't purchased your home yet, you'll want to weigh the pros and cons (and speak with an attorney and an accountant) to see if this is a good strategy. Your insurance policies will need to change, as well as your utilities (you'll need to transfer them into the name of the LLC). There are a lot more details involved, so treat this information as an overview, not a comprehensive plan. Continue reading article: https://www.llcuniversity.com/llc-for-a-personal-residence-i-already-own/ /---------------------------------------/ -- DISCLAIMER -- This information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state. LLC University® is a registered trademark of LLCU Media Group, LLC. © LLCU Media Group, LLC. All rights reserved. https://www.llcuniversity.com
Views: 5371 LLC University
LLC vs Corporation vs Sole Proprietorship
 
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I know that this video is confusing. So things to take from this video: 1. The main advantage of LLC's and Corp's is to protect personal property and assets 2. LLC's and Corporations are separate entities. So if your company is sued or defaults on a loan, they cannot go after your personal property 3.Corporations are Double Taxed. Once at corporate level (usually 20-40%), and once as dividends (10-40%) 4. Corporations have shareholders (like any company on the stock market), LLC's have members (one person can own 70%, another 30% etc.), and Sole Proprieterships are owned by one person (most self-employed people are SP's) Stock Market Mastery Program: http://bit.ly/2hurfQO Podcast: http://chapplerei.com/corporation-vs-llc/ LLC vs Corporation vs Sole Proprietorship Website! http://chapplerei.com (under construction) On Instagram! https://instagram.com/jack_chapple_real/ On Vine! https://vine.co/u/1176331971736293376 On Twitter! https://twitter.com/JackChappleSci On Faceook! https://www.facebook.com/ChappleREI/
Views: 3772 Jack Chapple
LLC vs. S-Corp
 
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a brief break down of the difference between a LLC and a S-corp, and why i chose to go S-Corp....Enjoy
Views: 20897 StillHawginTV
Buying Rental Property With a LLC
 
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Do you how to set up your LLC the right way to purchase a property you intend to hold as a rental? In this video, I will explain the various ways to acquire real estate using a limited liability company and the challenges you will face when using lenders to finance your deals. Questions or requests for a video topic are always welcome! If you would like a FREE 30-minute consultation, you can request one here: https://andersonadvisors.com/30minuteconsult/ Be sure to check out my website https://andersonadvisors.com/ where you can find additional information on our upcoming workshops. 800.706.4741 ccoons@andersonadvisors.com https://andersonadvisors.com/ Twitter: @Clint_Coons Blog: https://clintcoons.wordpress.com/ The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
Views: 4648 Clint Coons
How to Use a Series LLC | Mark J Kohler | Tax & Legal Tip
 
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This video is about How to Use a Series LLC To Download my FREE E-Book "Top Ten Tax and Legal Mistakes Made by Entrepreneurs", or make an appointment for a FREE interview with an attorney or CPA visit http://www.markjkohler.com/youtube. Follow me on my social media with DAILY and WEEKLY Tips and Blog Articles, and also catch me surfing at http://www.markjkohler.com/social. To purchase my new book: "The Tax and Legal Playbook" please visit the Entrepreneur bookstore here: http://amzn.to/1cWlhor Check out my Law Firm KKOS Lawyers at http://www.kkoslawyers.com Visit my Accounting Firm K&E CPAs at http://www.ke-cpas.com Help us caption & translate this video! http://amara.org/v/aTj0/
Views: 6223 Mark J Kohler
5 California LLC Mistakes to Avoid
 
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http://www.nvinc.com/californiallc.htm - Scott Letourneau Presents: 5 Costly Mistakes to Avoid When Forming a California LLC! Discover What You Must Look for Before You Form a California LLC
Views: 10779 Launch With Confidence
How to Form an LLC in Illinois
 
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Instructions - http://wikidownload.com/wiki/illinois-llc-articles-organization-forms/ Online Filing - http://www.ilsos.gov/llcarticles/index.jsp How to Form an LLC in Illinois under the Statute 805-180-5-1 where any individual that is a resident, may file a domestic Limited Liability Company to operate within the State. Edit Steps 1 Choose Your Company Name. - Perhaps the most important part of the LLC formation is finding a name for your company. You can check to make sure your name is not taken with the Illinois LLC Search Tool. 2 File Online or Paper Filing: 3 Online. - Go to the Illinois website. Follow the steps and pay the filing fee of $600. 4 Paper. - Download the Illinois Articles of Organization. Fill-out the form and submit with a $500 check payable to the Illinois Secretary of State and send to: Department of Business Services, Limited Liability Division, 501 S. Second St., Rm. 351, Springfield, IL 62756 Edit Tips Must be at least 18 years of age. Highly recommended to have an LLC Operating Agreement
Views: 12687 HowtoFormanLLC
How To Setup An LLC For Your Amazon Business By Example 2018
 
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⬇⬇⬇⬇ Click 'Show More' to expand ⬇⬇⬇⬇ In this video, I am going to show you how to set up a single member LLC or Limited Liability Company for your Amazon FBA business in 2018. I will show you the process by example by setting up an LLC in the state of Ohio. The process of setting up an LLC in your state will be similar as most states now allow online filing of your articles of organization. I also give a warning about using your LLC business name as your Amazon store name. This video will help you save $149 in setting up your LLC by not using LegalZoom and just completing the form yourself. Find your state's website for forming LLC: http://www.philcovington.com/index.php/how-to-form-an-llc-for-your-amazon-business-by-state/ The BEST Amazon FBA Course 2017 2018: https://ultimate-amazon-seller.teachable.com Amazon FBA Tools: Jungle Scout Web App: https://goo.gl/ceHJcd Jungle Scout Chrome Extension: https://goo.gl/ceHJcd eGrow: https://goo.gl/inJcA7 Seller Prime: https://goo.gl/zTji8m Fetcher: https://goo.gl/Ncj4gt Jumpsend: https://goo.gl/n5r7w5 AmzScout: https://goo.gl/94usPp AmzScoutPro: https://goo.gl/6J5MLC Amzpecty: https://goo.gl/HwNUMG Sellics: https://goo.gl/hKJqj5 Webmerge: https://goo.gl/iE7VGT Email: p.covington@gmail.com
Views: 2379 Philip A Covington
LegalZoom LLC Opening
 
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David Ramos - Christian Author and Bible Teacher http://www.ramosauthor.com/ Brea Ramos - Speaker and Advocate http://www.weareunquiet.org/
Views: 11243 Dave Vs Life
How to File an LLC in Texas.
 
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This is a basic how to to file an LLC in the State of Texas.
Views: 24869 The Willinghammer
When to Form an LLC for Real Estate?
 
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Need to form your LLC? https://www.llcuniversity.com Let’s talk about a major mistake that real estate investors make: when to form an LLC for real estate… We get phone calls like this all the time: “Hey, I just did some research and realized I need to setup an LLC for my real estate in order to protect my assets.” The very first thing I ask is, “Did you close on the property already?” Far too many real estate investors say “Yes.” I shout through the phone: “Nooooooooooo!” (picture that scene in the movie where the main character just looses his best friend) Okay, I don’t shout through the phone. But instead, I have to help them get their head straight. They’ve learned that they need to set up an LLC for their investment properties so that they can protect their personal assets, but they already bought their property in their name. They think that just setting up the LLC is going to somehow magically protect their assets. That’s not the case. If you think about it, those properties are owned by you personally. Just setting up an LLC does not automatically “attach” it to the property. In fact, the LLC is not affiliated with the property at all. I wish just forming an LLC magically protects all we do. But nope. It doesn’t work that way. You’re creating an entity. That entity, therefore, needs to own the property and “do the business”. What I mean by that is the LLC is purchasing the real estate, not you. Your purchase contract/agreement of sale, the deed, and any financing… all of that has to be in the name of the LLC. The LLC needs to hold title to the property, not you personally. Continue reading article: https://www.llcuniversity.com/real-estate-llc/when-to-form-llc-real-estate/
Views: 29181 LLC University
California LLC - Annual LLC Franchise Tax
 
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Step-by-step instructions: https://www.llcuniversity.com/california-llc/annual-llc-tax/ California charges an $800 Annual LLC Franchise Tax on LLCs. This tax is due by ALL LLCs regardless of income or business activity. This is a "prepay" tax, meaning it pays for the current year. Failure to file before the deadline will result in the State charging late fees and penalties, and they will eventually dissolve your LLC if you do not pay the $800 Annual LLC Franchise Tax. This is not a popular requirement for California, but it is mandatory, and it is the cost of doing business in the State. There is no way to get around this tax. If you want to form an LLC in California, you have to pay this $800 tax within 4 months after you file your LLC and then again by April 15th of each year. [=================================] -- FORM 3522: 2016 CA LLC $800 TAX VOUCHER -- • https://www.ftb.ca.gov/forms/2016/16_3522.pdf • All LLCs must file. • Due by the 15th day of the 4th month after your LLC is filed. • Then by April 15th every year going forward. [=================================] -- FORM 3536: 2016 ESTIMATED FEE FOR CA LLCs -- • https://www.ftb.ca.gov/forms/2016/16_3536.pdf • Only needed if your LLC makes greater than $250,000. • Due by the 15th day of the 6th month after your LLC is filed. • Then by June 15th every year going forward. [=================================] -- FORM 568 – 2015 CA LLC RETURN OF INCOME -- • https://www.ftb.ca.gov/forms/2015/15_568.pdf • All LLCs must file. • Due by the 15th day of the 4th month after the end of your taxable year. • This will most likely be April 15th if you run your tax year January to December (which 99% of our members do). [=================================] -- CA FRANCHISE TAX BOARD CONTACT INFO -- HOURS: Monday – Friday, 7am – 5pm PT PHONE: 888-635-0494 (Collections, option 3, option 3, option 0) 800-852-5711 (Main = Taxpayer service center, general questions) WAIT TIMES: Wait times can be quite long if you call during the middle of the day. Get up early and call them at 7:00am to save yourself time. LIVE CHAT: https://www.ftb.ca.gov/aboutFTB/Live_Chat.shtml MAIN WEBSITE: http://www.ftb.ca.gov/ [=================================] -- DISCLAIMER -- This information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state. LLC University® is a registered trademark of LLCU Media Group, LLC. © LLCU Media Group, LLC. All rights reserved. https://www.llcuniversity.com [=================================]
Views: 11019 LLC University
Should I incorporate as an LLC, S-, or C-corp? | WSGR Startup Basics
 
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In this "Startup Basics," Jason sits down with special guests, WSGR attorneys Rachel Proffitt and Todd Carpenter, who give us in-depth advice on the legal aspects of getting your startup off the ground. In this episode Todd and Rachel address the following critical question: If I'm starting a tech company, what type of corporation should I make -- an LLC, S-, or C-corp? Tune in to find out! Never miss an episode! Subscribe in iTunes: Audio (http://bit.ly/TwiStA) || Video (http://bit.ly/TwiStV) Support the show by thanking our sponsor, Wilson Sonsini on Twitter: http://ctt.ec/4x2Af Follow on Twitter: http://twitter.com/jason http://twitter.com/twiStartups http://twitter.com/wilsonsonsini Launch Ticker: http://launch.co Launch Festival: http://festival.launch.co Special thanks to the members of the TWiST Backchannel Program!
Views: 53839 This Week In Startups
How to Form an LLC in Washington State
 
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Step by step explanation of how to form an LLC in Washington State. Part of video series entitled Genesis Law Firm Teaches. For more free videos and articles on related legal topics, visit http://www.genesislawfirm.com/business-law-resources.
Views: 4488 Genesis Business
WHEN TO FILE FOR AN LLC FOR YOUR SHOPIFY DROP SHIPPING STORE?!
 
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🔌The Shopify A-Z All-Inclusive Mastery Course: https://www.ecomhub.co/pl/15917 🔌 FREE $0-1,000 IN A WEEK CHALLENGE/BLUEPRINT [WAITLIST]: https://www.ecomchallenges.com/pl/22580 🔌 Get my FREE Mini-Courses: http://www.ecomhub.co/store 🔌 START YOUR SHOPIFY FREE TRIAL: http://bit.ly/musthaveshopify 🔌 Apply for mentorships : https://www.ecomhub.co/pl/32051 🔌 Join the AWESOME FaceBook Group: https://www.facebook.com/groups/busin... 🔌 Like my PERSONAL FaceBook Page! https://www.facebook.com/thaddeusstri... ⬇️💎VERY IMPORTANT PROGRAMS💎⬇️ 🔌 SPY SOFTWARE TO SEE ALL BEST SELLING PRODUCTS (+Ad Copy) ON ALL PLATFORMS: http://bit.ly/DropShipSpy 🔌 AUTO-PILOT YOUR INSTAGRAM PAGE (Drop Shipping &/OR Personal): http://bit.ly/InstaGrowthHacker 🔌 Find USA DropShipping Suppliers: http://bit.ly/GetSaleHoo 🔌Instagram: https://instagram.com/thaddy 🔌Twitter: http://twitter.com/im_thaddeus 🔌Personal Snap: @thaddeus44 Shoutout to my homie Wen Huber for Editing. Comment on his Insta to show love!! Instagram: https://www.instagram.com/wenhuber/ YouTube: https://www.youtube.com/wenhuber If you scrolled down this far, I love you. Comment #plugged for some love Disregard keywords: shopify drop shipping, dropshipping on Instagram, Make $100, $1000 PER DAY , Zero To Six Figures $1.5 Million On Shopify In 12 Months, drop ship marketing, psychology behind marketing, marketing psychology drop shipping, what the Shopify gurus won't tell you, how to start a drop shipping business, how to start a drop shipping store, how to start Shopify business, how to make money online, , top ways to make money while broke how to sell online with ecommerce, how to make money as a broke individual, how to make money when broke, how to get sales on my Shopify store, my store is not getting any sales Shopify, affiliate marketing, how to make money with no money , drop shipping, internet marketing, online marketing, top dropshipper, dropshippers, people, easiest way to make money, billionaire advice, millionaire advice, inspiring story, best motivational video, inspirational people, entrepreneurs, thaddeus, thaddeus strickland, business with thaddeus, vlogs,
Views: 18701 Thaddeus Strickland
LLC vs S Corp: When NOT TO BECOME an S-Corporation
 
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https://nuancefinancial.com https://feedbackwrench.com
Views: 9464 FeedbackWrench