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If you want to learn how to set up an LLC online and without hiring a lawyer, this is the video for you. I show you exactly how I set up an LLC for my new business in under 30 minutes, step-by-step. I’ve set up several successful LLCs and in this video I want to show you exactly how I do it. LLC stands for “limited liability company.” An LLC is one type of legal entity that can be formed to own and operate a business. LLCs are popular because they provide the same limited liability as a corporation, but are cheaper and easier to form and run. If you’re starting a new business and expect money to start flowing in soon, then I suggest starting an LLC.
TABLE OF CONTENTS
Part 1 – Intro – 00:00:00
Part 2 – Why Do You Need An LLC? – 00:00:36
Part 3 – How To Find Secretary of State Website – 00:03:02
Part 4 – Getting Your LLC Registered in Your State – 00:07:44
Part 5 – Setting Up an Actual LLC Live – 00:08:50
Part 6 – Getting Your EIN Number – 00:18:16
Part 7 – Outro – 00:19:50
What Is An LLC?
An LLC (Limited Liability Company), combines the best parts of corporations, sole proprietorships, and partnerships into one business entity offering owners liability protection, flexible management structure, and certain tax advantages.
Why Do You Need An LLC?
-To do business
-To get a business loan
-To get business credit
-To separate liability
Getting Your LLC Registered In Your State
-Find the Official Secretary of State Website in your home State
-Find the LLC online registration
-Figure out the kind of LLC you want to register
-Pay the filing fee (Usually between $99-$299)
How To Get Your Business a EIN Number (Employer Identification Number )
What Can You Do With Your LLC?
-Open up a bank account under your business
-Accept checks and payments under your business name
-Apply for business loan and grants (SBA, PPP, etc.)
-Report your revenue to the IRS so that you can start building business credit
-Start a Music Publishing Company with ASCAP, BMI or any PRO
#LLC #businesseducation #entrepreneur
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