Watch this next: "How to Start a Business WITHOUT money" kzitem.info/news/bejne/1nmlrJmFhYN-qKg
@sportinternationalbasketball
2 жыл бұрын
kzitem.info/news/bejne/tYyrzaCGgpaBknY
@angelofthelight6650
Жыл бұрын
I really appreciate this video it was very helpful, and answer all my questions they gave me a step-by-step plan, and I read so much stuff it all confused me but you put it all together for me thank you and I really do mean that!
@shylamix7208
2 жыл бұрын
Your channel is my new favorite on KZitem. I have been "in the process" of starting my own business for a ridiculous amount of time. I am a bit of an over planner and am definitely my own worst enemy. I wish I would have come across your videos when I first started down the KZitem rabbit hole a little over a year and a half ago. Don't get me wrong, I have learned a wealth of info and found some amazing other channels in that time. I have only watched 3 of your vids so far and I am delighted to say that in 45 mins-ish, I went from "in the process" to "hell yeah, let's do this!" The levity that you bring into all the seriousness dissolved the anxiety that has been building for over a year and a half!! You sir, are a Rockstar. Thank you, thank you, thank you! Wish me luck!!
@EpikCupcakez1
2 жыл бұрын
Couldn't have said it better myself ! I hope all is well !
@humanoiddragon3723
3 жыл бұрын
You my friend have maybe just saved me from making a mistake
@LYFEAccounting
3 жыл бұрын
That would make me happy
@humanoiddragon3723
2 жыл бұрын
@@EricDavisED that is something that I will keep to myself
@GwenHoskins-zl8ld
2 ай бұрын
Your words per minute do not allow note taking .
@andreacarter2108
3 жыл бұрын
Thank You for sharing this information. I have successfully started 3 companies just by watching your channel. ❤
@LYFEAccounting
3 жыл бұрын
That's Amazing! Congrats Andrea.
@shellysorina9511
5 ай бұрын
Thanks you was very helpful 😊
@theresahchipulu8433
2 жыл бұрын
Absolutely fantastic. This is very helpful.
@LYFEAccounting
2 жыл бұрын
Happy to hear that and thanks for watching.
@auntcatziegler3791
Жыл бұрын
You didn't mention the nonprofits or the Texas Social Enterprises (social purpose corporations).
@saltlifegull4091
2 жыл бұрын
Dang, that's a LOT of info! Great job and thanks. Subscriber from NW FL.
@theophilehakuzimana-mt7nf
8 ай бұрын
thanks for teach us God bless you journey
@hyperopicmyopia1631
2 жыл бұрын
Thanks for these steps! I have a question! I want to make an online business. How do I choose the address for the business? Do you have a video on this? Operating an online business, but living somewhere else?
@sanjaychristopher8283
4 ай бұрын
Great content
@SanMan10100
2 ай бұрын
Sean are you saying that the LLC has to have articles of incorporation and articles of operation but the c-corps and s-corps do not?
@talktaboo2me169
2 жыл бұрын
Thank you 🙏🏾. The IRS joke was funny 😂😂
@wembolahama8843
Жыл бұрын
Awesome stuff 👍
@FeeFeesolovely
3 жыл бұрын
Thank you this is very helpful
@LYFEAccounting
3 жыл бұрын
I'm so glad! Which part did you find most helpful?
@brucelee4644
3 ай бұрын
So if I use an llc and choose to be taxed as an s-corp I still have to pay myself a reasonable salary correct?
@itstwinkle04
3 жыл бұрын
Omg I love this video , thank you just sub
@LYFEAccounting
3 жыл бұрын
Wow I appreciate you taking the time to comment that 💯
@keishawhite3011
2 жыл бұрын
Excellent
@pearlbubbles6885
2 жыл бұрын
How do you copyright or trademark your logo ?
@SciHeartJourney
2 жыл бұрын
Tired of looking for a JOB? Well then you DON'T want to start your OWN business! When you own a business, your JOB becomes LOOKING FOR WORK... full time. 🤦♂️
@lorihill4686
2 жыл бұрын
like it thanks
@ManuelPerez-ih1cv
3 жыл бұрын
Hmmm, I made an LLC back in 2016 and never paid an annual fee. It still says active and I haven't used it in 2yrs. Is that a state by state thing?
@ajblack2410
2 жыл бұрын
yes in arizona we don’t have annual fees
@oliviergoggins
Жыл бұрын
Title: "How to Start A Business in 2023". The video starting with: "How to start a business in 2020". one word: BRUH
@mariekrekora3507
2 жыл бұрын
Location, location, location
@BusinessBasics
4 жыл бұрын
Business plans are essential to think, reflect, and consider internal and external factors that affect a business's profitability. Your burger restaurant example makes a lot of sense. Thanks for sharing!
@LYFEAccounting
4 жыл бұрын
Absolutely!
@zayday6777
3 жыл бұрын
You are very punctual, precise, and have great information. Your video edits and effects are on point. I've thought of a business idea we can use your talent with taking over the world's video industry. On another note Im working on a trillion dollar energy plan that I've should of done 15 years prior. Thanks for the info and impressive detail in video💯👍🏾
@beccaandrews5427
3 жыл бұрын
This video is fantastic! I can't believe it doesn't have 100s of thousands of views. One of the best explanations of business entities I've seen
@LYFEAccounting
3 жыл бұрын
Wow, thank you! So glad that you enjoyed it
@xXCky75Xx
2 жыл бұрын
Even with a great idea, team and plan, your business success depends on how well you can manage your business's finances. ... Knowing how much money is coming in and going out of your business each month (its cash flow) can also help you make strategic, fact-based decisions.
@constancechaney8616
6 ай бұрын
How to draw up plans for Bar / Nite Club
@vinodvenkatesan1432
Жыл бұрын
This video was short for the amount of information packed into it. I found it very helpful.
@metrolean1552
2 жыл бұрын
If you're going to have a law firm, accounting firm or a medical practice, an LLP is what you'll need to have.
@watamatafoyu
2 жыл бұрын
Why's this labeled 2022 if he says 2020?
@CapitalWorksPro
3 жыл бұрын
Generally, you'll have an LLC taxed as an S-corp, provided you are earning enough that you can pay yourself a reasonable salary, and have K1 income leftover to take out of the business. Usually, the point it makes sense is about $40-50k (that you pay yourself from the business). Having an LLC gives you liability protection from business operations. It also acts as S-corp insurance, where in the case it makes sense for you to make the S election, you can back date it and be taxed as an S-corp, up to one year, with the help of a good lawyer.
@LYFEAccounting
3 жыл бұрын
Great point
@ssisters4343
2 жыл бұрын
If your a sole proprietorship while getting started why not get business insurance to cover you and your business. This would allow you to build until you can become a LLC no?
@PintoStylin
2 ай бұрын
I see the Title says 2024, but in the video you talk about 2020/2021. Is it safe to assume this video holds true for this year?
@corwinduncan7052
3 жыл бұрын
Thanks man appreciate the video! Do you have a specific accounting software you recommend? I know quickbooks is well known and widely used, I'm not really familiar with any alternatives
@BobMckinsey
9 ай бұрын
How do you find out how much tax to charge ? And who do you pay the tax to ? And how do I explain what And who ? Per customer ?
@icejamrecords
Жыл бұрын
Ay Big Sean when your next album dropping?
@thestandberrys2519
3 жыл бұрын
This is the best video Ive seen on how to start so far
@LYFEAccounting
3 жыл бұрын
I appreciate that Cierra
@lordrichard8184
2 жыл бұрын
Good info but that phone ringing sound effect is really annoying.
@DocLovesChannel
2 жыл бұрын
We have three (3) great purposes for our business GOD, LYFE ACCOUNTING, and never giving UP!
@rickyedwards5480
2 жыл бұрын
Why dosen't the black man in the illustration not have a face?🤔
@Ionic457
9 ай бұрын
your sounds you edited into this are so so brutal. it's disgusting.
@Youonlyget1
2 ай бұрын
Very helpful and good tips!
@cosmassimwanza218
Жыл бұрын
Okay so what if I don't enough capital
@carlybmn
Күн бұрын
LLC seems to be the better option
@micahherron5148
Жыл бұрын
Thanks for what you do! Great information. Much appreciated
@seanpeterson4226
2 жыл бұрын
I need help with marketing and advertising
@springvargas5985
2 жыл бұрын
I have certain questions that will be easier to ask in a chat or over the phone. I really like the way you explain things and have a clear way to have others understand the concepts. is there a way that I can get in touch with you directly?
@TaylorJohnson-ur8ek
2 жыл бұрын
Helpful. Love this channel!
@yulnikita
2 жыл бұрын
All the bots in the comments section make the information in this video seem not credible.
@LYFEAccounting
2 жыл бұрын
So many bots, it’s hard to control them all!
@NobodysFaultPodcast
2 жыл бұрын
In 1985 at 22 years old I started my first real business. This was info that would have been helpful back the. Good job. Until you create something and put it before customers your understanding if civilization is very incomplete. I belive the most underestimated public good from free market capitalism is that it requires people to be honest and trust others. These are two of the primary building blocks of a working civilization. Communists and socialists easily miss this detail.
@debrapufahl-hughes2656
Жыл бұрын
Cool. I’m on track, I guess. Next step is the business baking account. I’m still incredibly anxious about everything though!
@ARISEOYAH
2 жыл бұрын
ALL PRAISE TO THE MOST HIGH YAH IN HIS ETERNAL RUACH N TRUTH ALWAYS AND FOREVER. ANSWER TO PRAYERS. I'D LIKE TO LEARN MORE. I DID SEND AN EMAIL. :)
@LYFEAccounting
2 жыл бұрын
?
@ARISEOYAH
2 жыл бұрын
@@LYFEAccounting I sent an email. I had questions?
@bruceedwards3481
2 жыл бұрын
I been in sales for 20 years..I know a lot about this business,I’m ready to start my own business.. I have everything I need to start but I am blind when it comes to the legal side…I really need help I am the only employee and I can generate 15 to 20k a month…
@omarrobreid
Жыл бұрын
Thanks for this. I'ts still relevant in 2023.
@LYFEAccounting
Жыл бұрын
Yes it is, thank you!
@debrapufahl-hughes2656
Жыл бұрын
Banking - not baking!
@alchile7387
2 жыл бұрын
If I was starting a retail shop or restaurant, how is it any different than before??? Rent, insurance, products, accountant, helpers that already seems like 50k how can the average Joe start, after years of saving or can bank give you a loan???
@kashproductions619
2 жыл бұрын
I have everything up until number 6…However I’m not selling anything and at this point I feel like I setup my llc prematurely…
@Jusreal69
Жыл бұрын
Freeze! IRS! LOLOLOL
@FeatherstoneApothecary
2 жыл бұрын
the information only makes sense if you're larger. if you have a warehouse or dropship alot of product sure. but if you're just starting out this isn't needed. most people I know have a 9-5 including myself to fund that dream. I have a timeline where I'll be able to quit but not right now.
@doriangreyy7872
3 жыл бұрын
Here form the "How much does starting LLC cost" video. Keep 'em coming!
@LYFEAccounting
3 жыл бұрын
Deal!
@Jusreal69
Жыл бұрын
This video was very informative and hella funny. Great job Black man!
@AmaguqChannel
2 жыл бұрын
Love your info man, need help. I’ve started a business have a ein and I have my local, working to create my business checking so wats next
@bseliteteam7297
2 жыл бұрын
I would like help with catching up on my business taxes? Can anyone shoot me in the right direction please?
@saoudienali6820
10 ай бұрын
Wow how amazing am just too lucky to fall on this channel ❤️🔥
@dannyculp9473
3 жыл бұрын
Thank you so much for making this content!!
@LYFEAccounting
3 жыл бұрын
Glad you enjoy it!
@alexandercolon7588
2 жыл бұрын
Favorite channel on KZitem rn and i only saw two videos
@LYFEAccounting
2 жыл бұрын
Now thats love, thanks for the comment!
@rlcastaneda7751
2 жыл бұрын
Love, Love, Love the videos. LYFE Accounting has become my new virtual mentor in this area.
@angelofthelight6650
Жыл бұрын
I really appreciate this video it was very helpful, and answer all my questions they gave me a step-by-step plan, and I read so much stuff it all confused me but you put it all together for me thank you and I really do mean that!
@DivineQueen711
Жыл бұрын
excellent
@kat4animals004
2 жыл бұрын
2020???
@tiayoung4226
2 жыл бұрын
Sir thank you, so much for the this video with the inclusion of the visual aid “PowerPoint”presentation definitely graduated high school 06 this is how we learned!
@westbutler2085
2 жыл бұрын
🔥
@jtcmlt1
2 жыл бұрын
As a Real Estate Agent, should I make a LLC? Of so, what is the procedure? Thanks
@Gghhhngbvg
6 ай бұрын
Clear, concise, information! Great work man!🔥🔥🔥
@barbaragalloway6190
Жыл бұрын
Thank you for your video! When applying for an EIN if you haven’t officially launched your business but are just in the planning stages what is appropriate to put for the start date? Also should you choose to file annually or quarterly when starting out? Thank you in advance!
@timothyjackson3016
Жыл бұрын
Perfect Bro. Thanks, been looking around and you got straight to the point. 😇
@daddydoo5644
3 жыл бұрын
All Praises to Our Father Who Art in Heaven... Peace bro is there a way I can speak to you???
@Sonnydazze
9 ай бұрын
LLC
@saccafiduciary2839
2 жыл бұрын
stop the beeping!!!!!!!!!!!!!!!!!!!!!!!!!
@LYFEAccounting
2 жыл бұрын
We did for future videos
@ophelia2669
11 ай бұрын
The Best how to video I've seen yet! Thank you for you step-by step instructions
@ericlemmon2715
2 жыл бұрын
It's unfortunate that I can only give this one thumb up. Great video--thanks!
@bonnietynes8882
2 жыл бұрын
Llc
@christycalisch6619
Жыл бұрын
Your videos are so easy to learn from. Thank you!
@LYFEAccounting
Жыл бұрын
Glad you like them!
@dianadarkwa4706
3 жыл бұрын
So blessed to have found this account I'm a college student and all of this is kind of scary. It's nice getting clarity and being able to learn the necessities.
@LYFEAccounting
3 жыл бұрын
Glad you found us too! Thanks for sharing your feedback
@SD-rg5mj
2 жыл бұрын
Hello, I did but the irs wrote me an email telling me I need an itin first, I filled up the ss4 form
@nikkifarmsnow
2 жыл бұрын
I got like 4 minutes in, great content! But then I got a literal headache from the sound when the text pops up and couldn’t continue. Im sorry! Just a little constructive criticism on a super old video haha 😂☺️
@LYFEAccounting
2 жыл бұрын
Sorry about that, we did correct that in our newer videos
@Mr5Stars
Жыл бұрын
Thank you for the well organized information.
@jmiller1095
2 жыл бұрын
great vids .. small spelling error (empolyees) @ min 9:05
@derricksmith1498
3 жыл бұрын
Dimes and Gems, my friend! New sub!!
@LYFEAccounting
3 жыл бұрын
Derrick, Thanks for the sub! Feedback means alot
@funmilayoalli2050
Жыл бұрын
Wow! Thank you for adding to my knowledge.
@stephenmcdonald8635
2 жыл бұрын
You forgot PLLC 🤔
@LYFEAccounting
2 жыл бұрын
Partnership LLC?
@dontkid1
2 жыл бұрын
Can one obtain an EIN number as a sole proprietorship? One of my main motivations for becoming an LLC was to receive an EIN so I could establishing a business account with a bank. Question number two: where are you all located? Thank you for the videos. Sincerely, John
@ajblack2410
2 жыл бұрын
yes you can
@blkluv2682
2 жыл бұрын
Great for note taking and free advice. Bless up god
@cafevirtualconrociocabrera3692
2 жыл бұрын
What about and LLC taxed as an SCorp?
@songsbyvoneeofficial2353
2 жыл бұрын
IMy daughters and I want to start a business together. We want to do an S-Corp but wondered if we could all be equal owners and members or will there need to be 1 basic owner plus a board of directors? How should that be set up?
@LYFEAccounting
2 жыл бұрын
Hmm, I'd have to ask you some other questions to help guide your setup. You may want to consider booking a consultation with me at lyfetaxes.com/ In general, LLC may be a good option
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