Do this AFTER you start an LLC - 6 Critical Next Steps

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  • Опубліковано 19 лис 2024

КОМЕНТАРІ • 206

  • @LYFEAccounting
    @LYFEAccounting  3 роки тому +30

    Link to LLC Operating Agreement Walkthrough - ua-cam.com/video/OhJIamj8dyU/v-deo.html

  • @richardbailey511
    @richardbailey511 3 роки тому +73

    As soon as I can get in my studio and make time I'm going to produce a track for your UA-cam channel. No costs whatsoever and you can use it to your discretion. You guys are awesome

    • @LYFEAccounting
      @LYFEAccounting  3 роки тому +11

      Wow! We would be honored. Thanks so much.

    • @richardbailey511
      @richardbailey511 3 роки тому +6

      @@LYFEAccounting man it's my Supreme pleasure. I'll keep you updated

    • @SpectacularMommy
      @SpectacularMommy 2 роки тому +2

      @Richard bailey I'm new starting out I need help with editing.do you help with that?

    • @richardbailey511
      @richardbailey511 2 роки тому

      @@SpectacularMommy no unfortunately I'm not really acclaimed in that field

    • @ThisWorldIs5150
      @ThisWorldIs5150 Рік тому +3

      Still waiting...

  • @nedrabell6339
    @nedrabell6339 Рік тому +10

    Thank you so much for providing the link for the EIN! IRS almost got me to pay $250 for NO REASON AT ALL!! 🤦🏾‍♀️

    • @ary5829
      @ary5829 Рік тому +1

      There’s so many fishing websites. Glad you avoided it!

    • @MrPersonMan123
      @MrPersonMan123 Місяць тому

      That was not the IRS

  • @iamlovelymarshall
    @iamlovelymarshall Рік тому +3

    Thank you so much! I appreciate getting these tips from black leadership

  • @EvaExplains
    @EvaExplains 11 місяців тому +3

    Extremely helpful! I am so glad to have finally found business videos with actual value not just hacks, gimmicks and requests to purchase a product without any value added. So refreshing! Thank you 🙏🏽

  • @meaningfulmomentsart
    @meaningfulmomentsart 10 місяців тому +2

    I’m so glad I came across your awesome video for it was most helpful! As a painter/muralist who JUST received word in my emails that I have successfully submitted for my LLC🥳🎉 I wanted to get wind of what to do next so thank you….you have earned yourself a new subscriber!🙌🏽🙏🏽

  • @CapitalWorksPro
    @CapitalWorksPro 2 роки тому +10

    Would be cool if you guys did a video about building your budget into the margins of your product/service

  • @GFXKapture
    @GFXKapture 11 місяців тому +3

    Loving your content - straight to the point, no BS, absolutely 100% SPOT ON !!

  • @jasonbordeaux8755
    @jasonbordeaux8755 3 місяці тому +1

    I’m only two minutes and 18 seconds into this and I’ve already started following this guy. I absolutely amazing information. This is exactly what I was hoping to find and this is the first video that pulled up on my UA-cam. About the subject that I typed in.

  • @richnijahoffical4250
    @richnijahoffical4250 Рік тому

    i love how simple and understandable they make this ...thnk black kingssss!!

  • @siddhrajsinhparmar8852
    @siddhrajsinhparmar8852 4 дні тому

    Thank you so much for your advice! 🙏🏻 I highly appreciate it

  • @kathereenmcfarland
    @kathereenmcfarland 6 місяців тому

    Thank you so much for this information im starting all six as we speak God bless you keep helping others in Jesus Mighty name

  • @lethastegall5587
    @lethastegall5587 2 роки тому +1

    Awesome video! Many Thanks....

  • @perryholmes9431
    @perryholmes9431 3 роки тому +5

    Great video, no fluff straight to the point

  • @JazzStephane
    @JazzStephane 4 місяці тому

    Wonderful information! I just created my LLC and was scratching my head for the next steps. (lol) Thank you for the guidance!

  • @Dana-vq1tk
    @Dana-vq1tk Рік тому +2

    I want you to know that this the best teaching itutorial video I have seen yet on UA-cam. You speak at a normal rate, you have the slide ins for those who need to read it. I will be binging you for awhile.

  • @mivida912
    @mivida912 4 місяці тому

    Very useful. Thank you for taking the time to educate us on this matter.

  • @brandenvburton
    @brandenvburton 2 роки тому +4

    Thank You, King 🤲🏾 Very Detailed 🤝🏾💯

  • @MahoganysBizCorner
    @MahoganysBizCorner 3 роки тому +3

    Uncle Sam does NOT play 🤣🤣🤣 love the information ! Thank you

  • @andreacarter2108
    @andreacarter2108 3 роки тому +3

    These videos are very Informative and blatant PROSPEROUS... The Wealth of Knowledge is so Profound! Thank you ❤

  • @tranquilityhub9523
    @tranquilityhub9523 Рік тому

    WOW, THIS CHANNEL IS MAGNIFICENT!!! Ihave turned off everything and I am BENG WATCHING!!! Absolutely wonderful information, this is a wealth of knowledge!!! So impressive. Keep up the Great Work. Again, WOW!!!

  • @cedricbyars5880
    @cedricbyars5880 2 роки тому +14

    What if you have a llc and obtain a ein but you haven’t made any money in your company or spent do you still have to pay taxes?

  • @ivalinapasse2469
    @ivalinapasse2469 Місяць тому +1

    Thanks 🙏🙏🙏

  • @HouseofSamiah
    @HouseofSamiah 11 місяців тому

    You're welcome! Thanks for guiding...!

  • @abusayed0025
    @abusayed0025 3 місяці тому

    Wow, this is eye-opening! It's crazy how the elite hide their money. Makes you think about finances differently. Definitely going to rethink my money habits.

  • @outthereJCH
    @outthereJCH 10 місяців тому +1

    This was dope. Thank you!

  • @SAKAICHEWY
    @SAKAICHEWY Рік тому

    Some lenders do require an operating agreement for part of the verification process

  • @BluNoMoreNoLess
    @BluNoMoreNoLess 3 роки тому +2

    Thank yall.

  • @nicoletrahan2133
    @nicoletrahan2133 3 роки тому +3

    This video was very informative! Thank you for sharing!

  • @wang1guhn
    @wang1guhn 3 роки тому +3

    I created my LLC in July 2021as a single member. I wasn't aware that I had to file an ECE with the IRS and it had to be done within 75 days of formation until today! I was told that i don't want my LLC to be automatically classified as a Disregarded Entity. The problem is I'm not sure what classification I should elect. I would like to pay as little self employment tax as possible.

    • @LYFEAccounting
      @LYFEAccounting  3 роки тому +1

      Hey! A ton of factors to consider. I would start by watching our videos on S-corps.

  • @svetlanawunnenberg8289
    @svetlanawunnenberg8289 Рік тому

    Legit I took NOTES thank you so much

  • @caenterprisellc6922
    @caenterprisellc6922 2 роки тому +1

    An operating agreement is very important. I already started.

    • @brohatch
      @brohatch 26 днів тому

      This would best used for multiple people within the business?

  • @kashoutqueeen
    @kashoutqueeen 2 роки тому +1

    Great video! Thank you may God continue to Bless you.

  • @Realistic718
    @Realistic718 3 роки тому +8

    Great video dude. I am studying accounting working on my bachelors and this video inspired me. You are helping out many!

    • @LYFEAccounting
      @LYFEAccounting  3 роки тому

      Love the direction you are on Israel. We need more passionate people in the industry.

  • @speculativereality
    @speculativereality 2 роки тому +4

    Well done, lucid and valuable info that gets one to ask better question👍

  • @1BoiHot
    @1BoiHot 6 місяців тому +1

    Great Concise Info🙌

  • @shaesunshine1225
    @shaesunshine1225 2 роки тому +1

    What about reimburstments assistance in case you're out and need something for your business, but dont have your business credit card, then have to use your personal card?

  • @veeo7190
    @veeo7190 2 роки тому +1

    Wow. So much valuable information!! I just found your channel and so glad I did!!

  • @danielf4849
    @danielf4849 3 роки тому +3

    Really love all the content you put out there.

  • @jkslawson10
    @jkslawson10 3 роки тому +2

    This was golden!!! Thank you

  • @almajul555
    @almajul555 Рік тому +3

    Great video. Just filed an LLC, your video was quite informative and helpful. I'm so glad I found your channel. Thank you!

  • @bohemianbae
    @bohemianbae 3 роки тому +2

    Thank you! I enjoy your content!

  • @ChironContracting
    @ChironContracting 11 місяців тому

    Ty King!

  • @tonyblack5645
    @tonyblack5645 3 роки тому +1

    Yo you gotta have a part 2 and 3 for this

    • @LYFEAccounting
      @LYFEAccounting  3 роки тому +1

      Will definitely add it to the queue. Thanks for watching.

  • @REGHAM35
    @REGHAM35 Рік тому

    Would love to get further guidance if possible!

  • @catchison8671
    @catchison8671 3 роки тому +2

    Thank you for sharing this great content!

  • @diggorypat66
    @diggorypat66 Рік тому

    Great information 👍👍 liked and subscribed

  • @UnORTHODOXTaLENTS
    @UnORTHODOXTaLENTS 2 роки тому

    Serious Gems here! Thanks my guy, free advertising from me for sure🤝⚡️

  • @angelhk7924
    @angelhk7924 11 місяців тому

    Super good video, helped me a lot thanks.

  • @scottb9109
    @scottb9109 Рік тому

    excellent video.. concise and straight tot he point!

  • @BodiedByLay
    @BodiedByLay 2 роки тому +1

    Thank you, very helpful!

  • @ladiij
    @ladiij 2 роки тому +2

    Very thankful for the videos you are creating. This is helping me so much as I go along with my lifelong dream idea. YES, when you do this alone you SCARFICE ALOT, but I'm ready. Please if you have the top recommended resources to create a business plan and operating agreement, please. Thank You

  • @81quiroz
    @81quiroz Рік тому

    I can’t seem to find the video on best start up business bank account cause to be honest I’m just a small vending machine business just starting out

  • @marilynwashington3291
    @marilynwashington3291 2 роки тому

    Thank you so much! I Should have watched this before getting my LLC...yikes!

  • @LuisPerez-lj4nf
    @LuisPerez-lj4nf Рік тому

    All Stuff No Fluff!

  • @caenterprisellc6922
    @caenterprisellc6922 2 роки тому

    I'm not yet ready to incorporate my business.

  • @jasmynejackson671
    @jasmynejackson671 3 роки тому +2

    thank you

  • @donharris8846
    @donharris8846 2 роки тому

    Good guidance. Much appreciated

  • @waynekellett8465
    @waynekellett8465 Рік тому

    👏🏁 Thank You For This Great Info 🏁👏

  • @Augustrubystudios
    @Augustrubystudios 3 роки тому +1

    Great information. Thank you

  • @chr111089
    @chr111089 2 роки тому +2

    Good stuff man thank you 🙏🏼 very informative

  • @tirrell2267
    @tirrell2267 7 місяців тому

    hello i was wondering about step 2! can you go over benefits and downfalls of each account type? also excess transaction fees, transfer, and wire limits. I'm sure its just how many transfers per such and such but want to clarify? thank you

  • @jamesbrooks9321
    @jamesbrooks9321 10 місяців тому

    of course the IRS closes for a week beginning the day my LLC gets approved

  • @sierrah.9922
    @sierrah.9922 3 роки тому +1

    Great information, subscribed ❤

    • @LYFEAccounting
      @LYFEAccounting  3 роки тому

      Welcome to the family, Sierra! It's an honor to help.

  • @khc3670
    @khc3670 10 місяців тому

    Thank you!

  • @billbarnes9718
    @billbarnes9718 3 роки тому +1

    Great info! Liked and already subscribed. Thanks.

  • @ZuKapo
    @ZuKapo Рік тому

    Bro this is an amazing video! I really appreciate you! Thank! 💯

  • @Chelss333
    @Chelss333 2 роки тому

    Great advice..thank you!

  • @woodmia
    @woodmia Рік тому

    Thanks!

  • @carolynboone3336
    @carolynboone3336 3 роки тому +1

    Very informative, Tu

  • @icysamone_savage1042
    @icysamone_savage1042 Рік тому

    Thank you so much✨✨✨✨

  • @godlygoddess
    @godlygoddess Рік тому

    Ok then what? Or is time to open up shop after these 6 things are completed ?

  • @ckkern6624
    @ckkern6624 2 роки тому

    I don't see the link to the video re: Operating Agreement. Thanks

  • @slimehenry9201
    @slimehenry9201 2 роки тому

    Thanks

  • @temitopefanawopo4069
    @temitopefanawopo4069 Рік тому

    Can't find the link you talked about on forming LLC Operating Agreement.

  • @richardbailey511
    @richardbailey511 3 роки тому +1

    More incredible information Lyfe Accounting...keep it coming. Concurrently I'm studying section 179 on qualifying depreciable business assets etc...

    • @LYFEAccounting
      @LYFEAccounting  3 роки тому +1

      Are you studying it for school or a personal business?

    • @richardbailey511
      @richardbailey511 3 роки тому

      I'm actually still deciding if I want to form an LLC or C-Corp. I have few business assets etc but it's starting to grow somewhat.

  • @81quiroz
    @81quiroz Рік тому

    The guy who I file my llc with did every thing for me . If it’s just me running a vending machine business do I need to do . Where I am stuck is what is the best bank to use

  • @jjjrican3544
    @jjjrican3544 2 місяці тому

    Thanks Bro 🙏

  • @yup_pea
    @yup_pea Рік тому

    Awesome video 👍

  • @neutralitythought
    @neutralitythought 2 роки тому

    POWERFUL!

  • @UncleBlu
    @UncleBlu Рік тому

    Dope will apply

  • @garyjandereski9253
    @garyjandereski9253 3 роки тому

    Saving this video, thank you

  • @rehousethehomeless1925
    @rehousethehomeless1925 9 місяців тому

    What about get a business address and getting local licensing from the city or town your business is registered in? Also, getting registered with the state's Dept of Revenue...👀Seems everyone only worries and talks about the federal part. Nobody ever seems to talk about and point out the just as equally important state and local municipality requirements. There's a LOT of moving parts to getting set up in business and its tiring to hear it made out to be so simplistic and underwhelming when it's anything but.

  • @princeg6864
    @princeg6864 Рік тому

    Great video

  • @dorianstewart9044
    @dorianstewart9044 3 роки тому

    You forgot the link to the step by step video for us to make the document in step 1.

    • @LYFEAccounting
      @LYFEAccounting  3 роки тому +1

      Thanks, Dorian! Check the pinned comment for me - it should be there now.

  • @crackpot.420
    @crackpot.420 2 роки тому

    Great video you saved me big time thank you man :)

  • @shesobossi8194
    @shesobossi8194 3 роки тому

    Excellent content!

  • @jmrqz2989
    @jmrqz2989 3 роки тому +1

    EIN # is free on the Irs website? Wow thanks Irs!

  • @jpaysonc6189
    @jpaysonc6189 3 роки тому +1

    Hi, thank you for the video! I don’t see the link for making a operating agreement.

    • @LYFEAccounting
      @LYFEAccounting  3 роки тому

      Hey, JPayso! Check the pinned comment for me.

    • @jpaysonc6189
      @jpaysonc6189 3 роки тому

      I’m sorry, where would I find that?

  • @JJWilliams.
    @JJWilliams. 4 місяці тому

    very helpful!

  • @rowenatalie29
    @rowenatalie29 9 місяців тому

    Thanks 🎉

  • @traznewsum8
    @traznewsum8 Рік тому

    Do you have a video for LLC with a record Label

  • @motivationmoneywellness
    @motivationmoneywellness 2 роки тому +1

    Hi, can you please tell me where the link to set up my own operating agreement is, as promised in your video?

  • @rovshennurmyrat2821
    @rovshennurmyrat2821 2 роки тому

    Thanks 👍

  • @lividingle7090
    @lividingle7090 2 роки тому

    Thank u 🙏🏾

  • @mrssykes9956
    @mrssykes9956 3 роки тому

    Great video !!!!😃

  • @Smoke1Kas
    @Smoke1Kas 9 місяців тому

    Ohh I applied for an Ein first

  • @nostalgicgamer1363
    @nostalgicgamer1363 3 роки тому +1

    Do y’all have a video on how to fill out the LLC?

    • @LYFEAccounting
      @LYFEAccounting  3 роки тому +1

      We do! The video is called "LLC Operating Agreement: Free Template + Video Walkthrough"

    • @nostalgicgamer1363
      @nostalgicgamer1363 3 роки тому

      @@LYFEAccounting thank you!!! I will be filling mines out for our home daycare so I will need all the assistance I can get

  • @DreIngram
    @DreIngram Рік тому

    Facts 💯

  • @diggorypat66
    @diggorypat66 Рік тому

    My llc is taking too long. Can i start my business without my certificate and business bank account? 🤔