Tailor Brands LLC Review (A $509 Mistake!)
Вставка
- Опубліковано 25 чер 2024
- ★★★ Tailor Brands LLC service has some good aspects to it but in this review I explain how you can overpay by $509 using the service.
Bizee (formerly Incfile) LLC Formation (paid link) ➡️ bizbuddy.com/bizee-llc
Thank you for using our affiliate link as we earn commissions if you use our links. There is no additional charge for you and we make a $20 donation to charity on your behalf when you use our LLC formation links.
Table of Contents:
0:00 Overview Intro
1:10 LLC Timeline
1:55 State Filing and Annual Fees
2:21 EIN
2:49 Insurance, Permits, Licenses
3:16 What an LLC does
4:30 Corporate Veil
6:23 Tailor Brands LLC Pricing
8:55 Affordable Alternative
9:56 Registered Agent Explained
12:50 Cost Breakdown
14:08 Renewing LLC
15:55 Ask
6:05 Business Bank
16:48 Commingling Funds
17:40 Dashboard Tutorial
Disclaimer- I am not an attorney or a CPA, just a small business owner who has researched this information thoroughly while setting up my own LLC (S-Corp now). This is meant as educational information but now legal advice in any way. If you need legal advice please consult with your attorney and CPA on the best fit for your needs.
Bizee (formerly Incfile) LLC Formation (paid link) ➡️ bizbuddy.com/bizee-llc
#TailorBrands #LLC #SmallBusiness #bizee
For most people, Bizee (formerly Incfile) is the way to go because it's fast, easy, and cost-effective. Setup your LLC today bizbuddy.com/bizee-llc
You are right. Tailor Brands is confusing. They got me. I thought I was paying only 349 and it end up being charged over 650 dollars. Very Shady pricing tactics. Great video.
Really sorry to hear that. Hopefully you sharing helps someone else out.
Can you get a refund ?
@@purpnobody6243same situation and I got a refund BUT tailor brands blocked my account and now I can’t see any info about my company like EIN and formatted docs
They got me as well. I thought it was $349 also for me but, I ended up with more than $1300 and still going.
@@user-db6fo9vm6xdid you get your EIN by them? I ve paid $99 for my EIN (among other services) and they never got it, they just said they ve had complications and sent me a guide on how to obtain it.
Great video! very informative and easy to understand. I am a visual learner so the illustrations helped. loved the Larry David doodle ha
Really good information thank you definitely considering it😊
Thank you for creating helpful videos like this for people like me who need that guidance when starting a new business. When I’m ready to file my LLC I will definitely be using your incfile link!
The best LLC tutorial ever! Thank you!
Thank you this is very helpful and I almost started registering for Tailor Brands! You've earned new subscriber here.
Thank you! this was so helpful.
Just fired up my LLC with the link from this video. Super easy and thanks for the great info.
thanks for this video I was bout to start with TB but now I’m with an open mind
I’ve gained so much knowledge, I understand so much now. Thank you so much your an angel! ❤️ Will use your link, you get that well earned commission 🙏🏼
I thank you very much for this video sir!
GREAT VIDEO THANK YOU!
Thank you for this walk thru!!!
You're welcome!
This is the best and most informative video I have saw pertaining to this topic. Thank you, thank you, thank you!
Dude! Thanks for the awesome comment. Made my morning.
Thank you for this comprehensive video & transparency!
I love how you explained the purpose of the LLC and coperate veil! Thank you
Thanks. Appreciate it!
I just wanna say thanks. Your time and effort is ver much appreciated. The lord will bless you 🙏
You gain a new follower!!
What a great video that explains everything you need to know. Thanks!
This video was amazingly structured
THANK YOU!
Thank you so much, @BizBuddy, for the breakdown between the two Tailor Brands vs. Inc File is very informative.
greatttt video thank you ❤
Great video
Thank you so much for this video!!!!!!
Ty for your video real helpful
No problem!
Very informative. Thank you.
Great advices, thank you .
Well done sir! Thank you
Thank you so much
Thank you......I was just about to click on "proceed" with Tailor Brands" 🤦🏽♀️thank goodness I decided to pull back and view this honest review.
Much appreciated
the same here. this video help me a lot.
Same here
i litterally ffound this video immedaitely after getting off with Tailor Brands. Ive never felt so much stress and confusion as i did with them. So many sales tactics and services to pay for, its like i want to have my money back becuase i might have purchased things i dont need. I really wish i found this before i went with them. I'll probably see what happens after a month or so. Thanks for this video.
thank you!!!
They better have cut you a BIG check, you saved all of us ALOT of money, thank you🙏🏻
Thank you for the video it really helped!
AMAZING, CLEAR & CONCISE VIDEO. Immediately switched from Tailor Brands to incfile thanks to you!
Thank you for the feedback!
I usually don't leave comments but this one was an excellent video all around brother. Thank you for the video!
Thank you!
Thank you for this video, so helpful because I was literally about to checkout with TailorBrands lol!
I was curious if they would help me set up a business bank account with a different bank vs Bank of America or would you know?
I used Tailor Brands last month. Wish I would’ve found this sooner but I do like the logo I made with Tailor Brands. I’m not going to renew with TB next year
Thanks for sharing. Hope the new business takes off for you.
Be aware they will charge you again if you haven't "dissolved" your business or got a new registered agent. I canceled everything last year, turned off auto renew and thought I was done. Until I got a $230 charge for registered agent, that they refuse to refund and won't stop charging me annually until I get a new one.
This was a very informative and the content was presented in a very concise manner. Does incfile also offer services for trademark?
Thank you. Yes they do but I haven’t used that service myself.
Honestly, the greatest video that deserves affiliate commissions I have seen. AND I AM AN AFFILIATE MARKETER! :-D Excellent job, everyone should use your link!
Great video. Any thoughts on how to best transfer business profits to a personal account to avoid commingling?
Depends on how you’re setup. If you have an LLC get a biz bank account and get checks and you can simply write yourself a check. That way there’s a ledger of that in your account and you can cleanly move it from your biz account to your personal. You could also do this via bank transfer too.
If you’re setup as an s-Corp or other entity you may need to run payroll to pay yourself and then do distributions.
Not a CPA but this is how I’ve been advised.
I said no to everything except the llc and ein 😂 I hope I’m good
Same happened to me with tailor brand there were hidden charges
good job
Ugh yeah they got me too 😢
I'll consider. Most of these things I've already got done though (biz bank, EIN, licenses/permits, Insurance). So can I solely use your affiliate link for a RA? Operating out of CA.
Yes incfile offers each service a la carte as well.
So I want to start a carpentry business. Does incfile report do division of consumer affairs?
Does incfile offer branding?
Do you prefer chase or Bank of America
as a non resident can i use the incfile
I feel so discouraged now. I just spent $349 for the LLC in Florida plus $119 for business documents a few days ago. I thought I was getting my EIN included but then they say it's $99 after I thought I was paying for it. I will say they call me a lot and seem very friendly, but I am losing money from them and now don't know what to do since these are all sunk costs. I still have my LLC formed and a friend said I can apply for a free EIN now through the IRS. I really wish I did more research before buying because now I just feel lost and don't even want to continue. I just wanted to create my LLC to be able to build business credit while I'm in College with my EIN and be able to grow. I still have my LLC, but they keep asking me for more money. If anyone has guidance I would greatly appreciate it
I say as long everything is legit and set up correctly I wouldn’t worry if you have already spent your money good luck on your business 😊
Continue with your business. It’s still legit. Go over EVERYTHING. Keep your LLC open and conduct your business. Don’t allocate anymore money to them.
How long did it take you to form your LLC? Was it faster or longer than standard times?
@@Animefreak45665XD it was about a week but trust me do not go through Tailor brands. Do research on other better llcs
Hi, I would like to have more information to open my LLC in USA. From what I was seeing some people recommend to open the LLC this year (2023) and not next year because some requirements and tax reports are changing. In 2024 you have to report the LLC to the treasury department and the financial crimes investigation department, is this the case, are there any changes planned for the creation of LLC during the next year?
Does the site also work with you if you are not an USA resident ?
can a non resident non us citizen use bizee to do the whole ein, irs and llc setup process?
Does incfile offer website and domain services. Tailor Brands offer all of this want to compare
What happens if you wanna start a film production company cuz that’s what I wanna start how do I start an llc for that!
Can we choose a different bank? I refuse to use them. I’m really hoping for options. Thanks for the video!
If you’re talking incfile just get the silver package and do add ons. That way you can get the ein but not locked into a bank.
Can I use a different bank?
What about legal zoom
What happends if I don't reside on USA, I need to create an LLC with a bank account but I don't know if Bank of America creates accounts for foreign people?
Sigh I wish I would have saw this video before using tailor brands. And now I don’t know enough about legal stuff to know what services to cancel or what I absolutely need.
So since I already did it what do I do now?
Just file with your state
If i'm already signed up under Tailor Brands is there a way to transfer to Incfile?
can some one switch from Tailor B to Incfile ?
Can I get free ein and llc then use services as needed with incfile or do you need to use their packages only? ALSO what about trademarks? Great video btw!!! 📌
Yes you can. You can use them for registered agent (won’t be free first year if it’s not in a package) or renewals or other services too. However if you’re worried about the cost I’d go silver package and get your ein and bank account setup on your own.
@@bizbud great info! thanks!
@@bizbud Thank you for responding!!!
@@bizbud what if you didn’t want to use a Bank of America? Would be wiser to use a credit Union instead? TY
@@HC-ov2hh wiser is subjective right? I think there are pros and cons of going with the local bank vs big bank.
The local bank is more relationship driven but may not have as good of a tech stack. My credit union option didn't have a mobile check deposit feature so I wasn't interested.
The other thing BofA has is that they're huge. So it's hard to fail like SVB did. But I'll say they have their fair amount of issues too. For some reason they can't figure out how to get autopay setup again on business credit cards which is infuriating.
Thankfully in my state you don’t have to renew or pay to maintain your LLC. Just the filing fee to create it.
Wish i would have watched this video 3 days ago. I went through taylor brands and still have work to do. Says im missing something on my app but they wont send me what im missing. Frustrating
In total how much it would be is it 599 ?
The states fee is not included in any of the plans right ?
👌🏾👍🏾
Quick question, what if you move states? Do you have to pay and do this all over again?
I would consult with an attorney on that question but it's my understanding that if your physical business address is moving states you must register with the new state.
Check out this article:
www.incfile.com/blog/post/moving-llc-to-another-state
Hey sir i am teenager mistakenly registered on the web thinking it's a logo making app I don't have aby bissnuss or smthg so I didn't registered BOI , will I receive any charges? I was unaware sir
incfile - annual report of $99 optional - does this include the state fee? Im in NJ and it says it costs $75 to file.
I believe their annual report fee is $99 + state fee. So about $174 in NJ based on what you shared.
Would you recommend tailor brands to build an online store, if you already have an LLC/EIN?
No. I’d recommend Shopify if you can generate demand. If you’re selling physical products and not sure how you will generate traffic and demand I’d look into Etsy or Amazon as those platforms have built in demand if you can figure out your listings. It’s a give/take thing.
Shopify you have the highest earning potential as the platform isn’t eating up your margins like Etsy and Amazon will. But there isn’t a sea of people on the platform where your product can show up and get sales.
On the flip Etsy and Amazon have massive amounts of people on the platform with stored credit cards but they’re going to eat into your margins for that.
So I’d asses your situation. What type of products are you selling and what kind of platforms make sense for that. Then just be honest and figure out how good you are at creating demand with marketing. To me the play is a platform with users built in and figure that out then graduate to your own online store on something like Shopify once you figure out how to drive sales on an Amazon/Etsy type platform.
I got "scammed" by tailor brands as well. Wish i saw this before
Sorry man. That sucks.
With Incfile can you use a different bank other than Bank of America??
Yes. I’d recommend doing the silver package and then adding items ala carte like EIN and skipping banking.
Excellent vídeo, thanks!
I have an "LTDA" Company on Brazil, so am I able to open a LLC in US even though I dont have an US Visa to be physically in the US?
YES
if you have a ssn or itin yes, but you also need an address (many don't accept PO boxes). You can rent a box with a physical one from a private business to receive the mail, or ask a friend. You don't need a visa tho.
Taior charges $225/annual for the LLC to do a compliance report, but the state we live in does't charge for one... so it's like throwing $$ in the trash
So every service will charge a service fee for filing your annual report on your behalf. It’s separate from the filing fee. But $225 is really high for that service. Would you mind sharing a screenshot of that if you can?
Bizee is $99 for the same service fee.
? Is it considered okay to have my business checking account at the credit union where my personal accounts are? Thank you!
As long as you have in a separate business account. I have personal and business at the same bank.
@@bizbudWow, I am impressed! Thank you for the quick reply. I really wasn’t expecting to receive one. Thank you for creating these videos.
@@scotstevig Thanks man. I hope the new business does well for you!
Do I need a llc to buy and resell things. ? If it’s just best to have one I want it. 😂
It depends on the liability. If you're selling sports cards that's different than reselling something that could cause harm in some way.
It's a good idea to do it just for the extra distance it creates between your personal and business assets.
Another thing to consider is that at year end if you made really good revenue you can reclassify your LLC with an S-Corp election. Your accountant can help you with those kinds of things but you'd need the LLC setup to be able to do that. It may benefit you tax wise.
If you're just planning on making a few thousand dollars reselling harmless products it may not be worth the time/money.
@@bizbud thank you for getting back to Me. I plan to slowly shift into hunting and selling simple things like books clothes games etc things in the realm of interesting to others or wants. But thank you that really helps me one more step closer.
@@bizbud so you recommend starting with like a sole proprietor
They are absolute scammers. Charged over 600 dollars and cannot even get an EIN done. They loop and waste not only your time but money. They can't even draft a company with the right names or anything. Please save your money and time. It's extremely frustrating, and don't even give a refund.
I’m sorry to hear this. That sucks.
So.... They don't give you the choice of what bank business account you use because I use capital one
If you’re referencing incfile the answer is right now it’s just Bank of America. I’d recommend going for the silver package and then doing add ons like EIN etc.
I’ve already signed up with tailor brands and I’ve been waiting over a month for the llc application to finalize/process can I still switch and get my money back ? Is it a way I can contact you ?
It could just be state delays or it could be TB is behind. Hard to say.
What if i don't want to use Bank of America?
Go with the lowest package and add things on that you need.
Apparently it's their business model to rip people off. Happened to me too
Sorry to hear that.
What the heck did I get myself into ? , I’m a little angry and is really considering leaving tailor brand the ads really make it sounds so easy but it’s not , you end up paying so much more money
tailor brands a scam don't even think about doing it
What’s wrong with tailor brands?
I'm on the line with my credit card company as I type. Going to send docs. Definitely a scam. They said 1 to 2 business days, not two months
A HUGE SCAM. I COULD CRY. BUT GOD SEE ALL. YOU WILL REAP WHAT YOU SOW!!
Was this video sponsored by inkfile?
?
@@STTPlan the company sponsoring him
No it was not sponsored. I'm compensated by affiliate commissions when you use my links. But to take it a step farther TailorBrands pays almost double what Incfile (now Bizee) pays in commissions. I haven't even applied to their program because I find their service to be so dodgy.
Please don't use this site. Its a scam my mate is asking for a refund because site doesn't even let you download a logo. They won't even return a refund!
Horrible company charged for a yearly subscription I was not aware of and they will not refund you even though the day it hit my bank account I canceled they do not send you an email reminder they only send an in app notification and if you don't log in all the time you will not know.
Sorry to hear this. That’s my biggest complaint is even just finding actual pricing requires an email to support. It’s very hidden.
I'm team Mocha Joe 😂😂😂
Unless you like giving away money do it yourself this gets way to expensive for things you can do yourself with very little work involved especially them setting up your virtual mail .. an absolute joke and 2 businesses days and still don’t have my LLC
Lord!!! I just paid them to form my LLC like an hour ago. I am so annoyed now.
Me too did you ever get a refund back ?? Pls lmk
I did the same thing an hour ago and then came on here . Now I'm hoping I don't regret it !
@@danielguevara8318 call your bank and file a claim and tell them they didn’t give you the services you wanted !! I got a full refund from chase ((:
Dude they r not going to help you add fees and do not file your anything
Tailor brands , is a very bad service provider. Totally confusing and over charge... i never recommended anyone use this service.
I regret tailor brands
They changed you to much money go same where else do yourself a favor?
Tailor Brand LLC team used tricks to catch their customers and asked for more money. This is not the right and professional way to deals with the costumes.
i pirate tailor brands 😂