LLC NOT REQUIRED (To Start Your Online Business)

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  • Опубліковано 31 гру 2024

КОМЕНТАРІ • 223

  • @blessedmdp2268
    @blessedmdp2268 4 роки тому +29

    Your advice is very helpful. Thank you. Also, your dry humor tickles me to no end.

  • @AutumnObsessed
    @AutumnObsessed 4 роки тому +18

    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!

  • @windmeup07
    @windmeup07 4 роки тому +96

    So basically right now, I need to work on building my brand and then applying for the LLC later? Thank you for this video!

    • @PACKAGEMODS
      @PACKAGEMODS 4 роки тому

      Hi

    • @jadawatts5912
      @jadawatts5912 3 роки тому +3

      Or you can be a sole proprietor

    • @ariela_
      @ariela_ 2 роки тому

      @@jadawatts5912 does a sole proprietor protect the same way as an llc?

    • @jadawatts5912
      @jadawatts5912 2 роки тому +2

      @@ariela_ No it doesn’t

  • @themiscellaneousvegan5409
    @themiscellaneousvegan5409 Рік тому +3

    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!!

  • @jaderatliff179
    @jaderatliff179 4 роки тому +54

    Starting a business feels like a legal nightmare, a little less scary with your video though!

    • @9milfam1
      @9milfam1 Рік тому

      You said it perfect

  • @deannalove9073
    @deannalove9073 2 роки тому +15

    I did everything else first then I filed for my LLC. I agree, definitely avoid getting the LLC first. Great video :)

    • @OnyxSupreme
      @OnyxSupreme 2 роки тому

      So get my business License 1st to secure my business name then get my llc ??

    • @Joureyoffaith555
      @Joureyoffaith555 2 роки тому

      Deanna,
      I have a DBA license but no website?. Did you do your website without an LLC?. Help

  • @kimberlybrewerlife53
    @kimberlybrewerlife53 Місяць тому +1

    FINALLY! SOMEBODY FREAKING HONEST! THANK YOU! : )

  • @zbsanders
    @zbsanders 3 роки тому +7

    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.

    • @DFthepolarbear
      @DFthepolarbear 3 роки тому

      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

    • @Ko-gr2gw
      @Ko-gr2gw 2 роки тому +1

      It happened to me. Protect your business name and hard work.

    • @ariela_
      @ariela_ 2 роки тому +1

      @@Ko-gr2gw how can you protect your business name

    • @simsimah
      @simsimah 2 роки тому +2

      @@ariela_ invest in business lawyer. Or. File for llc and trademark.

  • @donnacampbell1111
    @donnacampbell1111 11 місяців тому +1

    Thank you. This information was very helpful..I didn’t know where to start. You clearly explained it

    • @jimhart
      @jimhart  9 місяців тому

      Glad it was helpful!

  • @ConsciousUniversity
    @ConsciousUniversity 4 роки тому +19

    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.

  • @MsXclusive401
    @MsXclusive401 3 роки тому +7

    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 !

    • @annt.7785
      @annt.7785 Рік тому +2

      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.

  • @staceydon
    @staceydon 4 роки тому +11

    Finalllllyyyy!!!! Someone is clear!! Crystal clear!!!

  • @Beachwise
    @Beachwise Рік тому +1

    As a fellow creator, at first, I was like wait what is happening. But it was actually very entertaining and informative.

  • @TSunshineful
    @TSunshineful 8 місяців тому +1

    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.

  • @milk344
    @milk344 4 роки тому +8

    is there a way to take payments on your website without having an LLC?

  • @FailzHacks46
    @FailzHacks46 11 місяців тому +1

    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!

  • @leandrofataccioli8871
    @leandrofataccioli8871 11 місяців тому +2

    you just won a new subscriber 🔥😎 thanks!!!

  • @mr.c2115
    @mr.c2115 4 роки тому +5

    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 🙏🏾

  • @alphawolf3045
    @alphawolf3045 2 роки тому +1

    Good advice. I decided to start my e-commerce business with a sole prop, to be transitioned to an llc when revenue increases.

  • @illuminated2438
    @illuminated2438 4 роки тому +15

    Always form an LLC for real estate. Doing otherwise is like asking to get audited and sued.

  • @affan639
    @affan639 Рік тому

    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.

  • @ros537
    @ros537 Рік тому +1

    Thank you for the information. Coming from a lawyer makes it so much clear. Love the kiddi

    • @jimhart
      @jimhart  Рік тому

      Glad it was helpful!

  • @meka1369
    @meka1369 3 роки тому

    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.

  • @MysticMylesZ
    @MysticMylesZ Рік тому

    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.

  • @flair4crafts894
    @flair4crafts894 Рік тому

    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?

  • @graghoul
    @graghoul Рік тому

    thank you so much. There just isnt any content out on youtube like this

  • @luispaulo5236
    @luispaulo5236 4 місяці тому +1

    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.

    • @jimhart
      @jimhart  3 місяці тому

      Sorry - I don't understand your question.

  • @TyyEasley
    @TyyEasley 3 місяці тому +1

    ive already started how can i properly dissolve it

    • @jimhart
      @jimhart  3 місяці тому +1

      Typically by filing Articles of Dissolution with your state - but make sure that is the right decision for you.

  • @crispychicken2743
    @crispychicken2743 Рік тому

    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

  • @geminijade5683
    @geminijade5683 3 роки тому

    Thank you for being blunt and actually trying to help people!

  • @prodbydramatic
    @prodbydramatic 4 роки тому

    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.

  • @Ducky-286
    @Ducky-286 18 днів тому +1

    Does these information apply to CA resident who want to start their online business in digital? Any responds is appreciated!

    • @jimhart
      @jimhart  День тому

      I recommend talking to a lawyer before you make a decision.

  • @catalina0427
    @catalina0427 3 роки тому +1

    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.

  • @KaeBae_
    @KaeBae_ 4 роки тому +8

    Wow... I would see this video after forming an LLC 🙄 should I even renew it for this year?? I have an online jewelry store. 🤔

    • @jimhart
      @jimhart  4 роки тому +19

      It really depends on your personal situation. Maybe I should do a follow up with reasons you SHOULD form an LLC?

  • @Indigoglo1111
    @Indigoglo1111 Рік тому +1

    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?

    • @jimhart
      @jimhart  Рік тому

      No - you can get an EIN as a sole proprietor

  • @moonutella5581
    @moonutella5581 4 роки тому +25

    Jim: The 5- that's not 5 that's 10...
    Me: ::Liked and subscribed::

  • @blezz3d
    @blezz3d Рік тому

    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??

  • @onlyjumi
    @onlyjumi 3 роки тому +1

    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?

  • @afornow77755
    @afornow77755 3 роки тому

    I appreciate the commitment to making this video happen no matter what 😂😂☺️ (also, hello kitty cat! 😸) Very valuable info! Many thanks 🙏🏽

  • @flowerfunk
    @flowerfunk 5 місяців тому

    This was great advice, thank you

    • @jimhart
      @jimhart  4 місяці тому

      Glad you enjoyed it!

  • @ivelissetorres1680
    @ivelissetorres1680 3 роки тому +1

    But what if someone steals my logo? Or Business ideas?

  • @daniellerenee5669
    @daniellerenee5669 4 роки тому +1

    But what if I want to protect the creative name of my business. Or creative rights of my blog?

  • @danielholmes7937
    @danielholmes7937 3 роки тому +1

    This guy is the best!!!! RESPECT

  • @Shuntastreet
    @Shuntastreet 3 роки тому +2

    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.

  • @melbarton2966
    @melbarton2966 2 роки тому

    Great Information 👍. Just what I needed. Thanks...

  • @MsElegance23
    @MsElegance23 2 роки тому

    Does this information still apply with the new 600$ law. I’ve been doing doordash and this year the 1099 is coming out.

  • @TheFilmmakersWife
    @TheFilmmakersWife 4 роки тому +5

    Love your videos! I share them with a lot of my business friends. Thanks for putting in the effort!

    • @jimhart
      @jimhart  4 роки тому +1

      You are very welcome! Thank you for sharing them!

  • @rhondaprice4805
    @rhondaprice4805 Рік тому +1

    Thank you for this!!!

  • @rontom3405
    @rontom3405 2 роки тому

    so there is only tax benefits if you start a business?
    what classifies as a business, filing for an C corp?

  • @Nae311
    @Nae311 4 роки тому +3

    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

    • @JanelleSpeaks
      @JanelleSpeaks 4 роки тому

      Nadine Duncan how did you file your trademark? Any advice?

  • @linktothepassed
    @linktothepassed 3 роки тому +2

    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!

  • @irinasmith5588
    @irinasmith5588 4 роки тому +10

    Haha, love your cat in background 😻!

  • @dezidez4213
    @dezidez4213 4 роки тому +6

    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.

    • @jimhart
      @jimhart  4 роки тому +3

      Next weeks video will address why you SHOULD start an LLC, so make sure to watch that one also.

    • @dezidez4213
      @dezidez4213 4 роки тому

      @@jimhart Alright. I'll make sure I watch it. Thank you!

    • @nafiysamuhammad4208
      @nafiysamuhammad4208 3 роки тому

      Omg I had the same question because I'm in the same place location and business wise.

  • @anthonyhart2274
    @anthonyhart2274 3 роки тому

    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.

  • @neishad8087
    @neishad8087 3 роки тому +2

    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?

  • @OnyxSupreme
    @OnyxSupreme 2 роки тому

    So get my business License 1st to secure my business name then get my llc ??

  • @richardp1694
    @richardp1694 7 місяців тому +1

    Do you need a LLC for a online vape business when located in Texas?

    • @jimhart
      @jimhart  6 місяців тому +1

      I recommend having an LLC for most small businesses.

  • @mandoschannel2694
    @mandoschannel2694 2 роки тому

    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

  • @Olivia4448
    @Olivia4448 4 роки тому +8

    I’m mostly concerned about setting up all my finances as a sole prop and it getting complicated once I switch to an LLC

  • @funktion_junktion8779
    @funktion_junktion8779 4 роки тому

    Do you have a Sole proprietor Video!!

  • @TheSugarbaby1
    @TheSugarbaby1 2 роки тому

    If loan signing agent for home loans does it require to file as LLC or can you file as sole entrepeneur so dont use SSN when register with agencies for paying purposes?

  • @mvb679
    @mvb679 4 роки тому +2

    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 ??

  • @senteamcharlotte9450
    @senteamcharlotte9450 4 роки тому +4

    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?

  • @cbf1989
    @cbf1989 4 роки тому +4

    Good advice. I like the way you did this video with the cuts. This one was pretty funny too 😀

    • @jimhart
      @jimhart  4 роки тому +1

      Thank you Chris!

  • @ileyam2712
    @ileyam2712 3 роки тому

    Ok question to get sale license or resale certificate to start selling no need of LLC yet?

  • @tessaperigo496
    @tessaperigo496 4 роки тому +1

    What do you think about LLCs for Candle businesses?

  • @thewonderfulworldofoctaviu5475
    @thewonderfulworldofoctaviu5475 3 роки тому

    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?

  • @asmrtreasurechest9944
    @asmrtreasurechest9944 2 роки тому

    What is the money mark to hit then create a LLC ?

  • @tberbou
    @tberbou 4 роки тому +2

    but for foreigns people they should form an llc for their payments income like stripe and paypal.. :)

  • @akonadoka5201
    @akonadoka5201 3 роки тому

    Thank you so much for this beneficial information.

  • @heynoway1384
    @heynoway1384 4 роки тому

    Great Video, along with most of the comments this really helped me out. First time business starter here.

  • @kyle6754
    @kyle6754 4 роки тому +1

    If I stay as a sole proprietorship, do I have to file quarterly taxes? I'm starting an online tshirt e-commerce store

  • @alimabianchi5984
    @alimabianchi5984 4 роки тому +1

    What about if I already formed LLC. Is it to late to go back? 😬

  • @gizmoguygadgets
    @gizmoguygadgets 2 роки тому +1

    Excellent Info! Thank You!

  • @EzeFam
    @EzeFam 8 місяців тому +1

    How current is this though?

    • @jimhart
      @jimhart  8 місяців тому +1

      I've changed my opinion on this over the years, but the information here is still good I belive.

    • @EzeFam
      @EzeFam 8 місяців тому

      @@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?

  • @PhilRuybal
    @PhilRuybal 4 роки тому +1

    You're a Saint!
    So......Im here in Colorado and ive sold.about $800 on ebay in the last few months. Whats the next step? Sole proprietorship?

  • @TrfwooofooMotionPictures
    @TrfwooofooMotionPictures Рік тому +1

    Thanks Jim!

  • @mangispangi
    @mangispangi 3 роки тому

    Hery guys, how are you meant to get a business bank account without a business? Or are we meant to use our personal credit cards to start? Any tips?

  • @alfredogomez7864
    @alfredogomez7864 4 роки тому

    Can we switch from sole proprietor to an LLC in the later stages of our business if we see that it can be beneficial?
    Thank you and have a good 2021 everyone!

  • @jasonsignor7237
    @jasonsignor7237 Рік тому +1

    @4:51 I think one of your clients just waked past hehe!

  • @rowise6928
    @rowise6928 3 роки тому

    thank you so much for breaking things down! I appreciate the advice and help!

  • @ricardosantos2891
    @ricardosantos2891 4 роки тому

    Thank you attorney for all the information.

  • @amycho5827
    @amycho5827 Рік тому

    You’re funny. Following :) Thanks for the tips.

  • @julianna2646
    @julianna2646 4 роки тому

    I cannot thank you enough for this video. so informative but so funny! love the cat

  • @SoloDistrictNews
    @SoloDistrictNews 7 місяців тому +1

    Thanks!

    • @jimhart
      @jimhart  6 місяців тому

      No problem!

  • @xxxthebossfamedbcb
    @xxxthebossfamedbcb 4 роки тому +2

    This is exactly the info I was looking into!

  • @GoaWay...
    @GoaWay... 3 роки тому

    What if we are starting a notary business, do we still not need an LLC? Also, can you get an EIN without an LLC or corp?

  • @TheHeartofjackie
    @TheHeartofjackie 4 роки тому +2

    Can you form a DBA and then turn it into an LLC once you're established?

    • @jimhart
      @jimhart  4 роки тому +5

      Yes

    • @floetyc
      @floetyc 4 роки тому

      @@jimhart but would you just add that existing DBA to a new LLC or have to convert the DBA (remove it) into a new LLC?

  • @9to5killaCartel
    @9to5killaCartel 4 роки тому

    What if your looking to build business credit

  • @YoungLightOfficial428
    @YoungLightOfficial428 4 роки тому

    HEY! WHAT ID I JUST WANNA MAKE VIDEOS ON UA-cam AND HAVE A BRAND WITH A LOGO?

  • @bladedglory6186
    @bladedglory6186 4 роки тому

    Can you have a physical launch for a online company without a LLC?

  • @CreativeSoul333
    @CreativeSoul333 4 роки тому

    Thank you!!! This video was very helpful!

  •  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?

  • @bucketrance
    @bucketrance 2 роки тому +1

    What if you have risk to get sued

    • @jimhart
      @jimhart  2 роки тому

      Watch the more recent video I did on this subject.

  • @joseflores2184
    @joseflores2184 3 роки тому +1

    thanks . i can relax until i get some money coming in.

  • @241Topic
    @241Topic 4 роки тому

    What about for your UA-cam channel, LLC or Sole proprietorship?

    • @241Topic
      @241Topic 4 роки тому

      I think I got it, just had to watch till the end of the video.

  • @abdulwaris7580
    @abdulwaris7580 4 роки тому

    H Mr.Hardin you are doing great job..i have learn lots from your videos. And one thing i am sure about that i dont need to open an LLC for my online business but only one thing i want to make sure about that can a foreigner open sole proprietorship in US??

  • @anastaciacollins8123
    @anastaciacollins8123 4 роки тому

    THANK YOU!!! You cleared up a lot of questioned i had

  • @NLL1025
    @NLL1025 4 роки тому

    Hello, I'm not a US citizen and I live outside US, but I'm creating my e-commerce and many people talk about getting an LLC and start working with it. Would you recommend to create an LLC? Thank you

  • @777SEER
    @777SEER 4 роки тому +1

    Do you have to have an LLC to get tax exemptions for resale? Thank you