When to form an LLC (Limited Liability Company)
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- Опубліковано 10 лип 2024
- When to form an LLC (Limited Liability Company) When running a business, if you haven’t taken steps to create a formal business structure, you will be an informal business-type like a sole proprietorship by default. In this video we will go over: benefits of a formal business structure over an informal business structure, when you should become an LLC, and the steps to transitioning into an LLC.
TIMESTAMPS
0:00 - Intro
0:32 - Part 1: Business Structures
2:07 - Part 2: When you should form an LLC
2:35 - Part 3: Three Steps to becoming an LLC
2:54 - Step 1: LLC Formation
3:50 - Step 2: Ceasing Operations
4:43 - Step 3: Start Operating as an LLC
6:06 - Conclusion
Use our Free Guide to form your LLC:
howtostartanllc.com/form-an-l...
Or, use a reliable service provider to form your LLC, see the top 7:
startupsavant.com/7-business-...
Learn more the topics we covered in this video:
☑️Choosing a Business Structure:
howtostartanllc.com/choosing-...
🏷How to Name a Business:
howtostartanllc.com/how-to-na...
👔What is a Registered Agent?:
howtostartanllc.com/what-is-a...
💯What is an EIN?:
howtostartanllc.com/what-is-a...
Other Useful TRUiC Business Tools:
📣Business Name Generator:
epicbusinessnames.com/
🔥Free Logo Maker
howtostartanllc.com/logo-maker
🔆Business Idea Generator:
howtostartanllc.com/business-...
📑Business Plan Generator:
howtostartanllc.com/business-...
Need more information on when to form your LLC? Use our Free step by step Guide:
howtostartanllc.com/form-an-llc/when-to-form-llc
If you want help forming your LLC, use a reliable service provider to form your LLC for you, see the top 7:
startupsavant.com/7-business-incorporation-services/
Thank you, for info that is clear and concise.
Great information 💪🏼thank you 🙏🏼
Great video...really informative! I just posted a video about my experience getting an LLC too 🙂
I plan to start Buying tax liens but don't want it in my name, I want it under a business, what should I use, S Corp?
The S-Corp provisions are really designed so that small corporations can avoid the corporate level tax of C-Corporations. Thus, electing S-Corp treatment is part of a tax strategy and should be discussed with a professional advisor who will be able to consider the overall tax position.
Since interest on tax lien certificates is taxed as ordinary income, structuring the business as any pass-through entity-a sole proprietorship, partnership, or LLC-may have the same result as electing S-Corp status.
Very good video
Thank you so much for watching!