Thank you for the information!!! I was just online looking at for information about LLC but seeing all these regular people with no legal background telling me how to form an LLC. However, you just gave me great information on what I was thinking. LLC is expensive and I don't have the money right now!! Thank you for your help. I just subscribed to your channel!!
Your video was very helpful coming from a lawyer . Thank you so much . I want to start an online boutique and It’s hard to decide which would be better for me . But after watching this video I think sole proprietorship would be better cause I’m just starting . thank you again for your help !
So how do you have legal protection if you go that route? You'll be liable for all things if someone wants to sue, they can take your home, car, and business funding.
You’re awesome 😎 👏🏾 this is the 10th video I watched today of you. The information you provide for free is AMAZING AND PRICELESS! The world needs more people like you 💪🏾💯 So thank you dearly 🙏🏾
What about to "protect your business name?" For example, if you create a business and then someone else sees it is doing well so they file it JUST to have your name. Sort of what happened with Orginal Ray's Pizza in New York and the other business "Famous Original Ray's." I think this also happened in Chicago with Uno's Pizza.
Watching this video really felt like you were on a mission to film it to the end 😂But you did it so well done ahah. Thanks for all the advices, tehy are really helpfull!
I subscribed the second he started talking about people on youtube explaining LLC’s who have little experience in it. literally I’ve came across clickbait or information that just didn’t go in depth. This was helpful and realistic.
The most entertaining video about the most boring subject that I didn’t wanna research on lol thanks for making me learn something in the best way possible.
Man, I'm so glad I saw this. I sell on eBay and I heard we needed an LLC. I made NO profit and I'm not sure if I need to fill out that extra form on profit and loss.
wow I have seen many videos and nobody has covered those points its always how to cut corners. One of the things my dad always said was dont cut corners. he's painter. So thank you.
Loved the different scenery & info! Lol! I’ll focus on building my brand and website and eventually get insurance. Yes so many ppl think they get LLC FOR TAX BENEFITS.
Lolol nice going through the day with you. Morning, afternoon, evening it seemed.. great information thanks. I will hold off on the LLC... Is it needed to open a business bank account though?
This video was more hilarious than most of the comedy centric vids i've seen. I assume it was intentional right? God I hope so lol. Very helpful to me as well!
This was funny and helpful. I enjoyed the differnt points [sets/change of clothes] of the day.. "life". Thank you for the information. Helped with alot of my questions for my accouting practice. Im definetly at risk.
First, I want to say Thank You! for taking the time to guide all of us in legal matters. I have been involved in Network Marketing for a while making a decent income, should I form an LLC?
Thanks for the video. One question: Can I do business with other businesses without an LLC ? For exemple, one guy has an app that he charge clients using subscriptions business model, in this case how this guy can protect your app and create legal contracts with your clients without any problems? Thank you in advance.
How would an author or artist protect their pen name from a being used by other people? There's a good chance some might want to disconnect their work when it's something like art from their personal life but also protect their brand without revealing their name to the public.
If you are a sole propietor and your business is not hiring employees an EIN is not necessary for what I have read. But an EIN is necessary to open a business account, so in this case, were the money from the sales should be deposited?
Thanks! I wanted to start an online rental for bridal grown, but want to create a blog first on Instagram. Should I do a LLC? if not. What should I do? Should I just get a trademark protection for the blog/business name and EIN
I'm starting a business selling lipgloss, lashes and different cosmetics. I would like to start a website. I'm also in Pennsylvania do I really need an llc? I dont have any clients yet.
Thank you so much !! I was just about to jump in and get one . I have a question and hoping you’d answer , i want to open my online business with my own unique swim designs should i get trademarks for protection?? How do i prevent someone from stealing my designs ??
I want to manufacture a product at home. I made all the equipment and have a good product. What should I do ? Start off without out an llc. Or go with a llp? Plan on making money fast and selling everything and move on to the next thing . Confused. Please help
@@jimhart No but it was only $99 when I filed in 2017 (in Ohio). But I definitely agree you don't need to do it in the beginning; I'd been in business (eCommerce) over a year before I filed.
Do you need an LLC to get a EIN number? And don’t you need a EIN number to open up a business bank account. Or could I just use a regular separate bank account for my business? And would that be efficient when tax season comes around?
what i am afraid of is, Although I haven't started making money selling on Amazon yet, I am concerned for my personal assets (home owner, etc) as people are literally insane these days!. do you think I should still wait or??
So my husband and I both want to start a new business. He wants to do computer consulting - not sure of the actual details cause I'm clueless about those things, and I want to start selling clothes online. He already has a name for himself so it shouldn't be a big deal. I on the other do not. Should we start an LLC together and then get our own EIN's or just use DBA's under the LLC? We want to make sure we do this right!
I'm assuming that this is also correct for a starting a business that isn't online? I am trying to start a side furniture building business that will be just myself and my wife as employees.
@@jimhart thank you for responding! Before I continue, does this apply for if you want to do business both online and locally, but without a physical storefront?
i have already a sole proprietorship for an existing business but i want to start an online business, can i run the online business under the same sole proprietorship
Ok. I am a single member LLC that formed his biz in NY. I don't sell out of a physical location all my transactions are online thru Ebay etc. Do I legally have to transfer/domesticate my biz to PA which is the state I moved to? Or can I continue without transferring/domesticating my biz and not be legally obligated to pay taxes in both states and just pay taxes to the state that the biz was originally created in?
Thank you for your advise How do I know if I should do an LLC or nonprofit? I intend to make money from our new business but also donate a large amount to homeless shelters and hospitals... 🙏🏻🙂
Whats up! Huge fan of you and the videos! Just found you a few weeks ago. Quick question......i just started selling thrift items online, I wanna do sole proprietorship. Do I need any licenses or anything you know of? And do I just register as DBA and get a separate bank account? Thanks!
3 роки тому
Hi thank you for imformations. i'M outside of USA and thinking to sell tshirts with Print on Demand service on Amazon. Do i need to LLC? Or just payoneer acount is enough until i reached the specific revune in a year?
@Hawthorn Law, thanks so much for your videos they are so helpful. I am about to start an ecommerce and would like to open a bank account only for my business. How can I please do so without an LLC? Please need an answer. Thank you
Your advice is very helpful. Thank you. Also, your dry humor tickles me to no end.
Starting a business feels like a legal nightmare, a little less scary with your video though!
You said it perfect
This came at the right time. Going through reddit is a bit overwhelming and you just simplified it without the headache. Thank you so much!
I did everything else first then I filed for my LLC. I agree, definitely avoid getting the LLC first. Great video :)
So get my business License 1st to secure my business name then get my llc ??
Deanna,
I have a DBA license but no website?. Did you do your website without an LLC?. Help
Thank you for the information!!! I was just online looking at for information about LLC but seeing all these regular people with no legal background telling me how to form an LLC. However, you just gave me great information on what I was thinking. LLC is expensive and I don't have the money right now!! Thank you for your help. I just subscribed to your channel!!
So basically right now, I need to work on building my brand and then applying for the LLC later? Thank you for this video!
Hi
Or you can be a sole proprietor
@@jadawatts5912 does a sole proprietor protect the same way as an llc?
@@ariela_ No it doesn’t
Finalllllyyyy!!!! Someone is clear!! Crystal clear!!!
I needed this advice. I'm in the midst of forming several lucrative online businesses. And I doubt that I'm at risk of being sued.
Always form an LLC for real estate. Doing otherwise is like asking to get audited and sued.
FINALLY! SOMEBODY FREAKING HONEST! THANK YOU! : )
Your video was very helpful coming from a lawyer . Thank you so much . I want to start an online boutique and It’s hard to decide which would be better for me . But after watching this video I think sole proprietorship would be better cause I’m just starting . thank you again for your help !
So how do you have legal protection if you go that route? You'll be liable for all things if someone wants to sue, they can take your home, car, and business funding.
Jim: The 5- that's not 5 that's 10...
Me: ::Liked and subscribed::
You’re awesome 😎 👏🏾 this is the 10th video I watched today of you. The information you provide for free is AMAZING AND PRICELESS! The world needs more people like you 💪🏾💯 So thank you dearly 🙏🏾
As a fellow creator, at first, I was like wait what is happening. But it was actually very entertaining and informative.
you just won a new subscriber 🔥😎 thanks!!!
What about to "protect your business name?" For example, if you create a business and then someone else sees it is doing well so they file it JUST to have your name. Sort of what happened with Orginal Ray's Pizza in New York and the other business "Famous Original Ray's." I think this also happened in Chicago with Uno's Pizza.
I wish he would answer this because I need to know to. Or do we just need a domain name? I’m just working online soooo I need to know
It happened to me. Protect your business name and hard work.
@@Ko-gr2gw how can you protect your business name
@@ariela_ invest in business lawyer. Or. File for llc and trademark.
Good advice. I decided to start my e-commerce business with a sole prop, to be transitioned to an llc when revenue increases.
Watching this video really felt like you were on a mission to film it to the end 😂But you did it so well done ahah. Thanks for all the advices, tehy are really helpfull!
Thank you. This information was very helpful..I didn’t know where to start. You clearly explained it
Glad it was helpful!
I subscribed the second he started talking about people on youtube explaining LLC’s who have little experience in it. literally I’ve came across clickbait or information that just didn’t go in depth. This was helpful and realistic.
The most entertaining video about the most boring subject that I didn’t wanna research on lol thanks for making me learn something in the best way possible.
Thank you for the information. Coming from a lawyer makes it so much clear. Love the kiddi
Glad it was helpful!
Haha, love your cat in background 😻!
thank you so much. There just isnt any content out on youtube like this
Man, I'm so glad I saw this. I sell on eBay and I heard we needed an LLC. I made NO profit and I'm not sure if I need to fill out that extra form on profit and loss.
Thank you for being blunt and actually trying to help people!
This guy is the best!!!! RESPECT
I appreciate the commitment to making this video happen no matter what 😂😂☺️ (also, hello kitty cat! 😸) Very valuable info! Many thanks 🙏🏽
is there a way to take payments on your website without having an LLC?
wow I have seen many videos and nobody has covered those points its always how to cut corners. One of the things my dad always said was dont cut corners. he's painter. So thank you.
This was great advice, thank you
Glad you enjoyed it!
Good advice. I like the way you did this video with the cuts. This one was pretty funny too 😀
Thank you Chris!
Love your videos! I share them with a lot of my business friends. Thanks for putting in the effort!
You are very welcome! Thank you for sharing them!
Thank you for this!!!
Loved the different scenery & info! Lol! I’ll focus on building my brand and website and eventually get insurance. Yes so many ppl think they get LLC FOR TAX BENEFITS.
Thanks Jim!
Great Information 👍. Just what I needed. Thanks...
Lolol nice going through the day with you. Morning, afternoon, evening it seemed.. great information thanks. I will hold off on the LLC... Is it needed to open a business bank account though?
This video was more hilarious than most of the comedy centric vids i've seen. I assume it was intentional right? God I hope so lol. Very helpful to me as well!
Wow... I would see this video after forming an LLC 🙄 should I even renew it for this year?? I have an online jewelry store. 🤔
It really depends on your personal situation. Maybe I should do a follow up with reasons you SHOULD form an LLC?
This was funny and helpful. I enjoyed the differnt points [sets/change of clothes] of the day.. "life". Thank you for the information. Helped with alot of my questions for my accouting practice. Im definetly at risk.
Excellent Info! Thank You!
This is exactly the info I was looking into!
First, I want to say Thank You! for taking the time to guide all of us in legal matters. I have been involved in Network Marketing for a while making a decent income, should I form an LLC?
Great Video, along with most of the comments this really helped me out. First time business starter here.
thank you so much for breaking things down! I appreciate the advice and help!
I cannot thank you enough for this video. so informative but so funny! love the cat
Thank you attorney for all the information.
This was the longest shortest video that I've watched; but thank you for the good information. 😂😂
Thank you so much for this beneficial information.
I’m mostly concerned about setting up all my finances as a sole prop and it getting complicated once I switch to an LLC
Same
Thanks for the video.
One question:
Can I do business with other businesses without an LLC ?
For exemple, one guy has an app that he charge clients using subscriptions business model, in this case how this guy can protect your app and create legal contracts with your clients without any problems?
Thank you in advance.
Sorry - I don't understand your question.
Thank you soooo much for making this video 🙌🏻
How would an author or artist protect their pen name from a being used by other people?
There's a good chance some might want to disconnect their work when it's something like art from their personal life but also protect their brand without revealing their name to the public.
Thank you!!!!
You're welcome!
THANK YOU!!! You cleared up a lot of questioned i had
If you are a sole propietor and your business is not hiring employees an EIN is not necessary for what I have read. But an EIN is necessary to open a business account, so in this case, were the money from the sales should be deposited?
@4:51 I think one of your clients just waked past hehe!
Thanks!
No problem!
Thank you!!! This video was very helpful!
Thanks! I wanted to start an online rental for bridal grown, but want to create a blog first on Instagram. Should I do a LLC? if not. What should I do? Should I just get a trademark protection for the blog/business name and EIN
Nadine Duncan how did you file your trademark? Any advice?
I'm starting a business selling lipgloss, lashes and different cosmetics. I would like to start a website. I'm also in Pennsylvania do I really need an llc? I dont have any clients yet.
Next weeks video will address why you SHOULD start an LLC, so make sure to watch that one also.
@@jimhart Alright. I'll make sure I watch it. Thank you!
Omg I had the same question because I'm in the same place location and business wise.
But what if someone steals my logo? Or Business ideas?
Thank you so much !! I was just about to jump in and get one . I have a question and hoping you’d answer , i want to open my online business with my own unique swim designs should i get trademarks for protection?? How do i prevent someone from stealing my designs ??
I want to manufacture a product at home. I made all the equipment and have a good product. What should I do ? Start off without out an llc. Or go with a llp? Plan on making money fast and selling everything and move on to the next thing . Confused. Please help
ive already started how can i properly dissolve it
Typically by filing Articles of Dissolution with your state - but make sure that is the right decision for you.
Okay i don't need an LLC but what if I want to operate under a business/brand name? Should i trademark the name then?
My Small Business Development Center helped me set up my LLC at no charge.
Did they pay the filing fee as well?
@@jimhart No but it was only $99 when I filed in 2017 (in Ohio). But I definitely agree you don't need to do it in the beginning; I'd been in business (eCommerce) over a year before I filed.
BTW I find your videos very helpful. Thank you!
thanks . i can relax until i get some money coming in.
Do you need an LLC to get a EIN number? And don’t you need a EIN number to open up a business bank account. Or could I just use a regular separate bank account for my business? And would that be efficient when tax season comes around?
No - you can get an EIN as a sole proprietor
Do you need a LLC for a online vape business when located in Texas?
I recommend having an LLC for most small businesses.
what i am afraid of is, Although I haven't started making money selling on Amazon yet, I am concerned for my personal assets (home owner, etc) as people are literally insane these days!. do you think I should still wait or??
You’re funny. Following :) Thanks for the tips.
Thank you for your help.
love the cat lol. Thanks for the info
Thank you for you info
So get my business License 1st to secure my business name then get my llc ??
So my husband and I both want to start a new business. He wants to do computer consulting - not sure of the actual details cause I'm clueless about those things, and I want to start selling clothes online. He already has a name for himself so it shouldn't be a big deal. I on the other do not. Should we start an LLC together and then get our own EIN's or just use DBA's under the LLC? We want to make sure we do this right!
Does this information still apply with the new 600$ law. I’ve been doing doordash and this year the 1099 is coming out.
Great Video! Thanks
THANK YOU SO MUCH YOU SAID EXACTLY WHAT I'M DEALING WITH !LOL YOUR A LIFESAVER
What do you think about LLCs for Candle businesses?
I'm assuming that this is also correct for a starting a business that isn't online? I am trying to start a side furniture building business that will be just myself and my wife as employees.
But what if I want to protect the creative name of my business. Or creative rights of my blog?
Trademark it?
How current is this though?
I've changed my opinion on this over the years, but the information here is still good I belive.
@@jimhart thank you for responding!
Before I continue, does this apply for if you want to do business both online and locally, but without a physical storefront?
I like this guy his battery died so he rolled with it and set up a light. 👍
Do you have a Sole proprietor Video!!
so there is only tax benefits if you start a business?
what classifies as a business, filing for an C corp?
but for foreigns people they should form an llc for their payments income like stripe and paypal.. :)
i have already a sole proprietorship for an existing business but i want to start an online business, can i run the online business under the same sole proprietorship
He said I got videos☝🏼 I got... videos👉🏼 ... I got videos👋🏽
Great advice.
Ok. I am a single member LLC that formed his biz in NY. I don't sell out of a physical location all my transactions are online thru Ebay etc. Do I legally have to transfer/domesticate my biz to PA which is the state I moved to? Or can I continue without transferring/domesticating my biz and not be legally obligated to pay taxes in both states and just pay taxes to the state that the biz was originally created in?
Great info thanks!
Thank you for your advise
How do I know if I should do an LLC or nonprofit? I intend to make money from our new business but also donate a large amount to homeless shelters and hospitals...
🙏🏻🙂
If I stay as a sole proprietorship, do I have to file quarterly taxes? I'm starting an online tshirt e-commerce store
Whats up! Huge fan of you and the videos! Just found you a few weeks ago.
Quick question......i just started selling thrift items online, I wanna do sole proprietorship. Do I need any licenses or anything you know of?
And do I just register as DBA and get a separate bank account?
Thanks!
Hi thank you for imformations. i'M outside of USA and thinking to sell tshirts with Print on Demand service on Amazon. Do i need to LLC? Or just payoneer acount is enough until i reached the specific revune in a year?
What about if I already formed LLC. Is it to late to go back? 😬
@Hawthorn Law, thanks so much for your videos they are so helpful.
I am about to start an ecommerce and would like to open a bank account only for my business. How can I please do so without an LLC? Please need an answer. Thank you
from watching his other videos, I believe you can register for a DBA and EIN and open a business bank account that way