(ad) Go here to form an LLC in Florida: bit.ly/Florida-LLC. **NOTE that Incfile was just rebranded as Bizee, but the formation process is the same!** I hope this was helpful, and let me know if you have any questions!
@renellbrenskill561
10 ай бұрын
This is very helpful.
@cjlawvideos
9 ай бұрын
Glad you found it helpful, thanks!
@darraghramoutar1632
9 ай бұрын
😊😊😊😊😊
@cjlawvideos
9 ай бұрын
@@darraghramoutar1632 Thank you. Please let me know if you have any questions! Best regards, Chris
@KimAmo24
10 ай бұрын
I'm so glad I found your channel. Thank you for making this process so easy to follow. Definitely subscribed!
@cjlawvideos
10 ай бұрын
Thank you so much. I appreciate it, and I'm glad you found the video helpful! Best regards, Chris
@A.Michael-813
2 ай бұрын
Great info! I'm not 100% Clear on 1 thing though. If you already filed for a WY LLC to be used as a holding LLC for a FL LLC that you plan on creating, where do you put the WY LLC information when filing for the FL LLC. I hope my question isn't as confusing as it looks.
@cjlawvideos
2 ай бұрын
Thanks for your kind words! Good question (and not confusing), thanks. When you get to the Member information section for your FL LLC, you have the choice to fill in information about either an individual as Member or a Company as Member. Select the Company tab and insert your WY LLC information there. I hope that helps, but if not, let me know! Best regards, Chris
@A.Michael-813
2 ай бұрын
@@cjlawvideos Thank you so much for your reply. This helps out greatly!
@cjlawvideos
2 ай бұрын
@@A.Michael-813 Glad to hear that, thanks! Best regards, Chris
@debbiepughe5627
6 ай бұрын
Great video! If you're opening an LLC to do consulting/sales for companies all over the US, not necessarily in Florida, would you open the LLC in Wyoming?
@cjlawvideos
6 ай бұрын
Thank you for the kind words! For the reasons set forth in one of my other videos (Best State for Your LLC: kzitem.info/news/bejne/spedn6qip6JkZ20), I would form the LLC in Wyoming. You may have to qualify it to do business in FL (if that is where you are located), but it is worth it for asset-protection and other purposes to form the LLC in WY. FYI, here is a video on how to form an LLC in WY: kzitem.info/news/bejne/u6JjqayBcH5ne5w. I hope this helps, but let me know if you have other questions. Thank you. Best regards, Chris
@juhdah2146
7 ай бұрын
Complete these items prior to the space rental agreement/or about the same time?
@cjlawvideos
7 ай бұрын
Hi: I would complete it prior to entering into a rental agreement so you can have the LLC as the party to the agreement. Plus, you want to set up the LLC bank account in advance. Please let me know if you have other questions, thanks! Best regards, Chris
@RaviBowman
11 ай бұрын
Any benefits over Wyoming offered in FL? Or is WY still the best to form a LLC.
@cjlawvideos
11 ай бұрын
Hi. Wyoming is still my favorite for asset protection and anonymity purposes. I made this video on Florida because a lot of my clients and subscribers are purchasing rental properties in Florida and need to establish a FL LLC (oftentimes owned by a WY holding company LLC). Alternatively, many people who live in Florida may prefer to just stick with their local state of FL for their LLC. Thank you, and let me know if you have any other questions! Best regards, Chris
@crownchrist
10 ай бұрын
After you form it , what are the formalities that must be competed annually to stay compliant ??
@cjlawvideos
10 ай бұрын
Hi. Thank you for watching my video and for your question. Incfile has a great tool to check annual report filing deadlines by state. Here is the link: www.incfile.com/business-filing-deadlines#state-filling. In Florida, the deadline appears to be May 1 of each year. Hope that helps, and let me know if you have any other questions! Best regards, Chris
@crownchrist
10 ай бұрын
@@cjlawvideosthank you for responding. I believe there is another yearly compliance document.
@cjlawvideos
10 ай бұрын
@@crownchrist You're welcome. I can't give you tax or legal advice in Florida, but you may be talking about annual tax returns (e.g., income tax returns if doing business in Florida and sales/use tax returns if selling products in Florida). Make sure you confirm what is required with your tax advisor (and note that Incfile includes a free tax consultation if you choose the Gold or Platinum packages). Good luck to you, and keep me posted as to what you learn. Thank you. Best regards, Chris
@marilin6105
10 ай бұрын
Mr. Jackson this video is so helpful. If you want to be an anonymous owner, should you file in FL and Delaware? THANK YOU!
@cjlawvideos
10 ай бұрын
Hi. Thank you for the kind words. Based upon what I've seen in Florida, it is very difficult to remain anonymous. The only true anonymous states are WY, DE, NV and NM. Note that, in Florida, you have to list on the Articles of Organization and in the Annual Reports the name of the responsible party. If that person is someone other than you, then that may be one way to remain anonymous. Another option to consider is forming a WY LLC (here is an instructional video: kzitem.info/news/bejne/u6JjqayBcH5ne5w) or DE LLC (here is my instructional video: kzitem.info/news/bejne/x3iC0q2wnZd3eqw). However, if you have to qualify your out-of-state LLC to do business in Florida, you will have to list the responsible party. Another possible option is you could have your (for example) WY LLC own your FL LLC, and have your WY LLC as the "Manager" of your FL LLC. Then, have your WY LLC as the responsible party. I believe this works for limited partnerships in FL which have a general partner. However, I'm not 100% sure that will work for LLCs, so you should check with a Florida business attorney. Thank you! Best regards, Chris
@marilin6105
10 ай бұрын
@@cjlawvideos Mr. Jackson, again you are greatly appreciated! I will be checking out those videos and I am looking forward to your future content. God bless you!
@cjlawvideos
10 ай бұрын
@@marilin6105 You are welcome, and let me know if you have any questions in the future! Thank you. Best regards, Chris
@a.d.b535
9 ай бұрын
Why a Florida LLC vs another state?
@cjlawvideos
9 ай бұрын
Thank you for watching my video and for your question. This video is geared towards people who live in Florida and/or do business (or own real estate) in Florida. While I prefer having an LLC in WY and having it either own a FL LLC as a subsidiary or qualify to do business in FL (both assuming the LLC is conducting business in FL), there there some reasons to have a FL LLC. First, in the example I just referenced, it is better from an asset-protection standpoint to have your WY (or DE or NV) holding company LLC own a subsidiary LLC in FL rather than have your WY (or DE or NV) LLC simply qualify to do business there. While this may mean more fees, I generally recommend this if someone owns real estate in FL or has a high-risk business in Florida. In these instances, it is best to have a Florida LLC as the subsidiary to a WY (or DE or NV) LLC to create additional layers of asset protection. Second, some people just do not want to incur the fees or complexity of having an out-of-state LLC qualify to do business in the state in which they do business (Florida in this example). Hope this helps, but let me know if you have more questions. Thank you. Best regards, Chris
@a.d.b535
9 ай бұрын
@@cjlawvideos Thanks for elaborating on that. I'm thinking about using my 401k to form an LLC to buy real estate rentals, and maybe in partnergdgujk
@cjlawvideos
9 ай бұрын
@@a.d.b535 Sounds good. Please make sure you get tax advice to ensure proper structure of having your retirement account purchase rental properties through the LLC. Let me know if you have other questions, and best of luck to you! Best regards, Chris
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