Hope you guys enjoy the video and get a ton of value from it! Use the links below to set up your LLC for your Uber/Lyft business (these are affiliate links and will help support our free channel): Bizee (previously IncFile): startupwise.com/bizee ^ Bizee is the new and improved IncFile - they're the same company and still provide the same services, but with a new name. ZenBusiness: startupwise.com/zenbusinessLLC Our favorite business must-haves: 💳 Best business credit cards: go.milevalue.com/business-credit-cards-suw?aff=suw 🏦 Novo (best business bank): startupwise.com/novo 🖥 Best AI website builder ($3/month using code STARTUPWISE): startupwise.com/hostinger/ ⚙ Northwest (best $39 LLC formation service): startupwise.com/northwestLLC 💰 Payroll with Gusto (get 2 months free!): startupwise.com/gusto 👨💼 Best overseas staffing agency (save 80% on payroll): paired.so/startupwise
@@quicksilver984 That depends on how much you make as a part time driver! If you're making over $40k/year then an LLC taxed as an S Corp could save you thousands per year in taxes. And yes, you can deduct all of the fees related to starting and maintaining your business every tax season.
@@quicksilver984 You can, you actually don't even need an LLC or any business entity to be able to deduct it. Regarding the above, if you make over 40k net profit a year it will make sense to form an S Corp or LLC w/ S Corp election - I'd recommend doing a search to learn more!
Do I need to obtain commercial insurance for using my car in the LLC and maintain my personal insurance for personal usage? Also, do I lease my personal vehicle to the LLC or gift/sell it to the LLC? In other words, how does the car become part of the company?
It's the same process with any service you use. Every step in the video needs to be done wether you do it yourself or through a service. It's just easier to use a service.
Can I create the llc as a logistics category or that doesn’t work with Uber drivers ? I’m trying to find a low risk category for the Uber llc . What do you recommend?
After you get your LLC,EIN,DUN you can apply for a free business checkings account through American Express and funnel all your earning through it. From there as your account grows you have leeway to apply for your first business credit card. Then after some time you can apply for your first business loan and stop driving for these companies. You’re welcome.
just open a business account and put that card on your lyft / uber account and instead of going through your personal debit cadd then it goes through your business card.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Hope you guys enjoy the video and get a ton of value from it! Use the links below to set up your LLC for your Uber/Lyft business (these are affiliate links and will help support our free channel):
Bizee (previously IncFile): startupwise.com/bizee
^
Bizee is the new and improved IncFile - they're the same company and still provide the same services, but with a new name.
ZenBusiness: startupwise.com/zenbusinessLLC
Our favorite business must-haves:
💳 Best business credit cards:
go.milevalue.com/business-credit-cards-suw?aff=suw
🏦 Novo (best business bank):
startupwise.com/novo
🖥 Best AI website builder ($3/month using code STARTUPWISE):
startupwise.com/hostinger/
⚙ Northwest (best $39 LLC formation service):
startupwise.com/northwestLLC
💰 Payroll with Gusto (get 2 months free!):
startupwise.com/gusto
👨💼 Best overseas staffing agency (save 80% on payroll):
paired.so/startupwise
I’m planning starting a LLC and this is exactly what I need.
I’m a part time Rideshare driver do you think its worth to establish a LLC? Also Can you deduct LLC fees during next Tax season ?
@@quicksilver984 That depends on how much you make as a part time driver! If you're making over $40k/year then an LLC taxed as an S Corp could save you thousands per year in taxes. And yes, you can deduct all of the fees related to starting and maintaining your business every tax season.
@@StartupWise what if you make less than 40k per year, you can’t deduct it ?
@@quicksilver984 You can, you actually don't even need an LLC or any business entity to be able to deduct it. Regarding the above, if you make over 40k net profit a year it will make sense to form an S Corp or LLC w/ S Corp election - I'd recommend doing a search to learn more!
Creating an LLC will give you better credit for a better car!
Do I need to obtain commercial insurance for using my car in the LLC and maintain my personal insurance for personal usage? Also, do I lease my personal vehicle to the LLC or gift/sell it to the LLC? In other words, how does the car become part of the company?
How does a driver get Uber and Lyft to send payments to the LLC Bank account?
Adding your bank account and routing where’s you normally would put your personal
Can we do this with Uber Eats?
do you need a business license in california to drive for uber/lift as a LLC?
don't you still need a SSN to drive for for lyft/uber when u have an LLC ?
Can I do with californian llc
Thank you very much sir !!
Great info...thanks!
Once you have llc how do u run uber/ through it? Is there any more steps outside of just having one?
Thank you i want to ask i am an uber eats driver i just need to get a certificate of incorporation
Can i do that ?
I missed the part that gives guidance with respect to connecting your LLC with Uber
How do drivers get Uber and Lyft to pay the LLC?
So easy to do yourself
So it's not really a tutorial, It's just directing me to affiliate links to a service to do it.
It's the same process with any service you use. Every step in the video needs to be done wether you do it yourself or through a service. It's just easier to use a service.
This is also god to take out a future buisness loan!!!!!
Can I create the llc as a logistics category or that doesn’t work with Uber drivers ? I’m trying to find a low risk category for the Uber llc . What do you recommend?
Did you ever figure it out ?
@@TheQueensbully not yet
Should get one so you don’t have to pay federal taxes
The creative ways some people try to sell a service 🙄
I have 5 years driver for uber and I didn't need an LLC
How has it been with doing your taxes. Do you work full-time?
@@NikkitaChantehe’s paying the full 15% tax rate
What the heck did you put for industry type??
That’s what I’m trying to figure out.
Transportation
Title: "How to Pay for an LLC for Lyft / Uber"
All this info is good but useless if there’s no guidance how to convert your account into a business account 😂
After you get your LLC,EIN,DUN you can apply for a free business checkings account through American Express and funnel all your earning through it. From there as your account grows you have leeway to apply for your first business credit card. Then after some time you can apply for your first business loan and stop driving for these companies. You’re welcome.
On point..... Thanks
just open a business account and put that card on your lyft / uber account and instead of going through your personal debit cadd then it goes through your business card.