Don't Make These 8 LLC Mistakes! (Updated for 2023)

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  • Опубліковано 28 січ 2025

КОМЕНТАРІ • 68

  • @CraftySheenaa
    @CraftySheenaa 7 місяців тому +2

    Thank you. Thank you 🙏🏽
    I’m so glad I ran into your channel .
    I’ve been binge watching for two days trying to make sure I set up everything correctly

    • @jimhart
      @jimhart  7 місяців тому

      You got this!

  • @az8__
    @az8__ Рік тому +3

    Crazy how you started talking about São Miguel, that's where I'm from!
    Thanks for all the advice man, hope you enjoyed your time on the island!

  • @spencerloch6449
    @spencerloch6449 8 місяців тому +1

    Wow. Great listen Jim! Well spoken and excellent information. Likely speaking to you soon haha!

    • @jimhart
      @jimhart  8 місяців тому

      Sounds good!

  • @kobinathan8163
    @kobinathan8163 11 місяців тому +1

    Yep! I'm sold - purchasing your LLC package!

    • @jimhart
      @jimhart  10 місяців тому

      Thanks!

  • @4nn1h1l4t1On
    @4nn1h1l4t1On Рік тому +2

    The cat is excused. I love it. Obrigadinho.

  • @georgesmith827
    @georgesmith827 Рік тому +1

    Thanks for all the great advice as always Jim.

  • @strohmeyerlawpllc
    @strohmeyerlawpllc Рік тому +7

    And coming in 2024--failure to file your initial or updated Corporate Transparency Act Beneficial Owner disclosures.

    • @kolehollis5852
      @kolehollis5852 Рік тому +1

      Thanks for mentioning this. How do you keep up with this stuff so I can stay up to date on that too?

  • @stephenfiore9960
    @stephenfiore9960 4 місяці тому +1

    1x(9/23/24)……excellent….You are easy to understand. I like you don’t talk to fast & your videos are short & bite-sized. Thank you

    • @jimhart
      @jimhart  4 місяці тому

      I appreciate that!

  • @carlos.sierra
    @carlos.sierra Рік тому +1

    I want to set up my LLC soon for my videography/photography business. So, this was helpful! Thanks!

    • @jimhart
      @jimhart  Рік тому +1

      Glad it was helpful!

  • @neddoh4300
    @neddoh4300 3 місяці тому

    Good basic info. Crazy you recommend forming LLC in your own state. Remedies differ greatly for CA vs. WY vs DE

    • @jimhart
      @jimhart  3 місяці тому

      Most lawyers make that same recommendation I would imagine. Unless you are a startup and seeking funding from investors.

  • @CBMTM2086
    @CBMTM2086 Рік тому +2

    You the man

  • @mmmmmray
    @mmmmmray Рік тому +6

    This was such a great video. I wish I saw this before I opened my LLC three years ago.

  • @KristinOzzello
    @KristinOzzello Рік тому +2

    Thank you for posting. Say you decide not to get a registered agent when you first form your LLC, are you able to change your mind and add in the future? Same question in regards to business address. In general, are you able to edit your LLC? I appreciate the info, thanks again!

  • @TzarbombahMusic
    @TzarbombahMusic Рік тому

    Loving your videos. Fellow North Carolinian

  • @machineman6498
    @machineman6498 Рік тому

    Thank you for making this

  • @janabaker4219
    @janabaker4219 Рік тому

    Wonderful video Jim! @15:25ish in your video, you mention about how to reference the contract, what if it is supposed to be a multi-LLC? How is it it supposed to read? Are both names listed?

  • @CloudNetworkArchitectJT
    @CloudNetworkArchitectJT Рік тому +7

    Thanks Jim for all your amazing content. One question, for a Real-Estate business if I want an anonymous llc protection in various states for each rental, with then a parent LLC in Wyoming seems like a good option. The fees are super low and are tax write off so its a wash and your totally protected, right? What problems did your client experience regarding his Wyonming business? Thank you again for your time.

  • @thatundisputedauthenticchic

    Thank you.

  • @madhuryamaa
    @madhuryamaa Рік тому +1

    Do I need to register under my home address if its a home-based business?

  • @shadowcross7248
    @shadowcross7248 Рік тому +1

    If I move to another state. How long should I wait to form a LLC in that state?

  • @stephengarland800
    @stephengarland800 Рік тому +1

    If we should not use the registered agent address as the business address, is there a way to get some anonymity (privacy/shielding from scammers), as well as someone being present during normal business hours to receive packages? Thank you for your time and information.

  • @localflavor1866
    @localflavor1866 Рік тому +1

    Unless your registered agent offers virtual address, like Northwest, then they will definitely drop you for using their address on your articles of association.

  • @beeAtraveler
    @beeAtraveler 4 місяці тому

    What do you suggest about how to operate a business in portugal. More online business, if we live in U.S. the best structure etc.

    • @jimhart
      @jimhart  3 місяці тому

      Do you mean operate a US based business virtually from abroad, or operate a Portuguese based business?

  • @Andrayah-k1c
    @Andrayah-k1c Рік тому +1

    Hi Jim thanks for the educational information. My question is, can you opt to be taxed as a s- corp, at time of filing LLC?

  • @chelseagalvez8672
    @chelseagalvez8672 Рік тому +1

    I used my home address is there any way I can change it?

    • @jimhart
      @jimhart  8 місяців тому

      you would have to file an amendment with the state.

    • @carwoman43
      @carwoman43 2 місяці тому

      In my state, no. It can be "changed", but the original filing with the home address will always exist as part of the official record.

  • @davidparga2762
    @davidparga2762 Рік тому +2

    I just registered my LLC last night, and I don’t think I did enough research. I appointed myself as registered agent. Is there any way I can change that? Maybe get one of these online agents ?

    • @jimhart
      @jimhart  Рік тому +1

      Yes! Here is the affiliate I recommend. hawthornlaw.net/agent

  • @KT-gs7rk
    @KT-gs7rk Рік тому +1

    How can we use your service

  • @phillipdavis4043
    @phillipdavis4043 4 місяці тому +1

    Do you help with minority owned businesses? Some of the online places don't file as minority owned

    • @jimhart
      @jimhart  4 місяці тому +1

      We represent lots of minority owned businesses.

  • @tonysmith5785
    @tonysmith5785 Рік тому

    I’m looking to start a business in Florida in the winter months and then moving it to Michigan where I reside.
    Will I need separate LLCs?

  • @mariasheridan3973
    @mariasheridan3973 Рік тому +1

    Hello Jim, I am happy I found your channel, however, I hope I am not too late, you see I went ahead and used my state, Colorado, website and formed my LLC. I did not start a sole ownership I just went ahead and established an LLC because I thought that was the best first step in starting my online biz which would be for importing and exporting, mainly from Peru, I have my sister in Peru and she has her company there and due to the free treaty marker between these two countries we want to take advantage of this. Sir, if it is too late for me, I have not done nothing else yet.

  • @johnnysins6194
    @johnnysins6194 Рік тому +1

    Has anyone bought his step by step course ?

    • @jimhart
      @jimhart  3 місяці тому

      Lots of people have! We now have a monthly membership that includes the course.

  • @OptimisticJourneyForYou
    @OptimisticJourneyForYou Рік тому +2

    I registered my LLC in Texas and Georgia, however, I am opening a store in Texas but found an operating store (in another state) with my exact LLC name (yikes). This means I now have to figure out a different store name which is disappointing. I figure it's not worth fighting for a store name already being used since an LLC does not have to match the name of your business, right? All this stuff is so new to me and overwhelming, any recommendations?

  • @drewburgess8097
    @drewburgess8097 Рік тому +2

    When and why did he move to Portugal 🤔

    • @jimhart
      @jimhart  Рік тому +1

      We moved in July 2022. Likely moving back to NC by end of 2023.

  • @CBMTM2086
    @CBMTM2086 Рік тому +2

    Wow

  • @DarkWitch12
    @DarkWitch12 11 місяців тому

    Hi Jim thank you for the video. I got my personal lawyer to set up an LLC for me since I wanted to open a small cafe/ home catering company. He did and I’m asking him what comes next and they are no help since this area is not their specialty. I’m a single member LLC I just got it 3 weeks ago I’m doing the operation agreement now. What license or permit do I need to apply for in NY

    • @jimhart
      @jimhart  10 місяців тому

      you can do a quick search of your city/county/state to see what licenses you may need. As a home catering company, you need to be very careful. I'm not sure you are even legally allowed to do that if you don't have access to a commercial kitchen. I would find another lawyer in NY.

  • @Biblia1
    @Biblia1 Рік тому

    Hey, I have a question. What if I have a registered LLC and want to do staffing since it is on general services? Am I required a license?

    • @jimhart
      @jimhart  Рік тому

      That is a state specific issue.

  • @matt8953
    @matt8953 Рік тому

    For online business, im based in one state, but shipping facilities that I used are based in another. Is there anything I need to do? Register anything with each state? Form an LLC for each state where product ships from?

  • @Spyder2002
    @Spyder2002 Рік тому

    Very helpful Jim. Do I have to register a dba since my LLC is registered in Texas. Also could I operate a website name under a different name from my LLC since the domain name is already taken . Thanks much

  • @ash86marie
    @ash86marie Рік тому

    Jim are you a registered agent? Or do you have any that you refer ppl to when forming their LLC?

    • @Beeyouarekayee8
      @Beeyouarekayee8 Рік тому

      8:03

    • @jimhart
      @jimhart  Рік тому

      Yes - we can serve as registered agent in all 50 states. hawthornlaw.net/diy-llc

  • @sharrdashah3807
    @sharrdashah3807 Рік тому +1

    I live in Sydney, Australia and own a Pty Ltd Company in Australia since 2004, doing Consulting. I wish to work from Delaware, USA for family reasons. I would like to create a Single Member LLC in Delaware so that I can work from the there. The E3 Visa requires that my company has a presence in the USA for me to be working there. While I am there, I will develop my business in Delaware. Can you help me ? Provide some advice or comments please ?

  • @robertl.davisjr.2610
    @robertl.davisjr.2610 Рік тому

    Can I appoint myself as a Responsible Managing Employee on my operating agreement or do I need to amend my articles of organization to make it official? Im going after a C-33 Painting and Decorating License here in Hawaii and they require a RME. Im a sole owner, single member LLC. Thanks to anyone who answers this. Much appreciated.

  • @dedreamerkid
    @dedreamerkid Рік тому

    Hey Sir, Can i use a P.O. Box for my LLC?

  • @mzmiscellaneous
    @mzmiscellaneous Рік тому +1

    Approximately How much does it cost to set up an LLC with a lawyer?

    • @carwoman43
      @carwoman43 2 місяці тому

      Just paid $1k in CO - should have used another lawyer, but would have been the same cost.

  • @belkiscuevas1863
    @belkiscuevas1863 Рік тому

    LLC INFORMATION

  • @fbicontacted7690
    @fbicontacted7690 Рік тому

    I'm liking this video because of the cat in the background.

  • @itsMBWAAA
    @itsMBWAAA Рік тому

    A cat!!