What is an LLC? | Limited Liability Companies Explained
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- Опубліковано 22 лип 2024
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What is an LLC? What is a limited liability company?
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 1580 N. Logan St., Ste 660, PMB 92925, Denver, CO 80203. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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#AllUpInYoBusiness #LLC #Business
I want to take a moment to thank you. I watched your videos and find them so helpful. Your advice has been instrumental in me getting my business going. I send entrepreneurs looking into starting to their business your way as the go-to resource on explaining things in a way that can be understood and put to good use.
I just LOVE that. I am so glad to hear that my channel has been helpful for you. Thank you so much for the support!
this video is older than others I’ve came across but by far the most useful, and straight to the point with no gimmicks. I appreciate all the info.
Thank you! Great video - it was very clear, consice, and your energy kept it interesting vs some of the boring videos I've watched.
2nd Video I've watched. I'm a tax accountant and was just curious to video's like this on UA-cam. I must say these are some of the best presented, and done so in a reasonable time frame. Well done- I look forward to watching several more.
I appreciated this so much, it was super informative and helpful! So glad I just found you!
Loved this! Super informative and it’s so inspiring seeing an educated woman happy to spread her knowledge ❤️ thank you!
I am learning so much on this channel. I love it!!!! subscribed!!!
Great video, I love the value you give in these videos!
So concise and easy to understand. Thanks for the help!
The Best for learning anything about an LLC and what it all entails!!
Simple, informative and funny...thanks for what you do.
Thanks for the info! Keep it up
Informative! Much Gratitude for sharing this information!
I got my LLC started last year thanks to this channel. I mean...if you ever wanted to get coffee one day; just sayin' it would be my way of saying thank you. ☕☕
Very informative! Appreciate you!
Thanks for all the information!
Thanks for the video Aiden!
I wanted to ask you. What do you think about opening an LLC as a stock trader?
Very good information.
"A quick little kitten shot" dang, i was fooled. Good vid btw
Great info
Great Information
Can you do a video on how to do an LLC in Anonymity? And the benefits of doing that as opposed to have your name publicly known as the owner of that LLC?
Hello, this video just popped in my “recommended” section.
My case is:
1. I’am not a US Citizen.
2. My wife is from Texas but we live in the Caribbean with three boys.
3. My wife and children they all are US Citizens.
4. I opened an account in the TD Ameritrade.
As from laws goes they didn’t let me put “beneficiaries” to my account because I’am treated as a Foreign Person, so I had to do a Will.
I read that anything above $60,000 of I pass away will be taxed by the IRS (40%).
So, I want to form an LLC -individual- and continue investing but it is not fair for my family to pay that 40% when I am paying taxes to my country.
Maybe this is a case you have seen.
My kids are still below the age of 18 (11, 9, 6).
Thank you!!
I gave you a like just for your Channel name and how you delivered it lol
if someone doesn't live in the US how the taxing would be handled then? thanks great video
Hello, how should you name your LLC?
Hi,
I'm forming an outdoor club which may sell murchandise in the future, should I organize it as an LLC?
My dad want to start his own remodeling business, it would just be him and my brother, will forming an LLC be good for him?
thank you
I just started my own LLC in NYC... I just subscribed also.
Congrats, and thanks for the sub!
Congrats Omar! Were you located in the US when you started your own LLC?
What schmuck gave you a Thumbs down??
Anyway we love you...and your awesome videos. Thank you 🙏🏻
Where’s the Merch..? lol
Are you going to be the first to buy my new t-shirts that have my big ugly mug slapped on em?? :-)
180 Law Co. LLC please, you’re as cute as the day is long!!!
What bell button?
I’m a first year single member LLC business, when I create accounts with company’s that will be paying me for services should I be using my personal SSN or my EIN?
Use your EIN!
had me at the intro 😂
Heyyy! I have a day job and I also sell sneakers on the side. Some people pay me cash but most pay me through Zelle and Cashapp so I know Uncle Sam is watching ...
I was just wondering what's the best direction to setup a business and to pay less taxes as possible?
I appreciate you time!
*Just at the dying moment when I thought all was gone already, I was recommended to Dr Mike Jefferson+1(720)515-1663 ... He is the best*
Hi, I'd like to know more about LLC membership interest. Is it the same as capital stock?
Pretty much. It's the same concept, except LLCs don't technically have stock or shares. We'll usually refer to LLC membership interest in units or just percentages. If there are two LLC members that each have a 50% membership interest, it's the same as saying there are 100 units (or shares) and each owns 50.
im in a booming texas town, and LLC's give everybody the impression they can run up their debts everywhere in town, then stiff everybody scott free. i'll be going from this video to search how to sue an L.L.C. when they inevitably act out the protection afforded by said limited liability.
I work for a Pllc. Would it be okay for me to ask for a copy of the operating areement? is it something i have a right to read? and also for insperation for my own future LLC.
It's fine for you to ask, but no, you don't have a right to see it as an employee of the company.
So I'm understanding the discussion about the income tax part of a single member LLC as this:
The LLC is treated by the IRS as if it was just the person making the money. They don't have to deal with filing another tax return based on their income paid by the LLC, (for example, the example of the LLC gets taxed at the 35% for self employment and income tax combined, you then don't have to file a personal tax return as well, from the money you were paid by the company. It is treated (tax wise) as if you personally made the full $XXX,XXX amount of money, and as if to the IRS, the LLC didn't even exist.
Did I understand that correctly? Or does the IRS "double dip", where they take X amount from the tax return for the LLC, then you have to file a separate personal tax return, based on what you were paid by the LLC?
Great question. You've kind of got it right, but you're a little off. I started typing out an explanation then realized I could do it much better in a video. :-) I'm sure you're not the only one with this question! I'll make a video about it -- so keep an eye out for that and make sure you're subscribed! 🙂 Thanks so much for watching!
@@allupinyobiz I subscribed a few days ago, because I'm going to start a locksmithing business hopefully by next year. I'm working on getting some of the important supplies. My next thing on the list is to come up with a list of names, and see what one seems more "right", and flows better, but still has a high chance of being on the top of the list when searching for a locksmith in my area.
@@allupinyobiz and thank you so much for replying! I will definitely be looking forward to the video! My other curiosity is how health insurance is handled for a single-member LLC.
I went to a lawyer to start a holding company for rental properties llcs. He is charging $1200 including 30 minutes consultation with a CPA. He wants to great a management company as well (sister company). Do I need that? Thank you 🙏🏽
Do you NEED it? No, you don’t need to form any companies. But it’s usually a good idea if you are going to be managing the property yourself.
180 Law Co. LLC thanks for the fast response you deserve like 100 million subscribers! I will have a wait on the management company until I scale.
Great explanation of LLCs, although this would have been far better without any mention of cats. 😎
So... LLCs are taxed twice as well? 1. personal income tax 2. self employment tax
so double taxation either way, LLC or S corp
No, that's not double taxation its just two different types of taxes. A C Corp pays corporate tax then the shareholders pay tax when they receive dividends. That's double taxation.
@@allupinyobiz thank you 💓
When can a business add LTD, instead of LLC?
Anytime, as long as it's permitted by your state. Usually you just need to amend the Articles of Organization to change the name (but again, depends on the state!).
@@allupinyobiz ..thank you!
You should name the cat Teresa
Another beautiful video from a beautiful woman!!
Thanks so much for watching!!
I hope this information is accurate because I'm quoting the fuck out of it.
May I marry you? - But also, what's the advantage to owning an S-Corp WITH an LLC?
sounds like a nice deregulated arrangement.
Great I fo and beautiful also
I have a crush on you! 😍
Shaadi krlo plxxx
Do not follow this woman do your own research
Why?