Recommended formation service - We have negotiated with Northwest to provide the best discount and packages for our users, we get compensated when users use our discount links. 💼 Northwest 75% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 link - go.truic.com/4404eMtd Fees are as follows $29 + state fee + $9 for BOI (This is optional but recommended as failure to do so can result in a fine of $500/day) Tennessee LLC Formation Page howtostartanllc.com/tennessee-llc
@Mike-px8rc
6 ай бұрын
EXCELLENT... GREATLY APPRECIATED.
@HowtostartanllcOfficial
6 ай бұрын
You're welcome! We have a lot more free content where that came from! Sign up for our free online community for free templates, resources, and more than a hundred small business video courses. Here's that link: go.truic.com/3SDVaJ7
@dallasseaborn8921
8 ай бұрын
Great video !
@HowtostartanllcOfficial
8 ай бұрын
Thanks!!
@tzone02124
5 ай бұрын
Great video
@HowtostartanllcOfficial
5 ай бұрын
Thanks for watching!
@heatherharder1368
4 ай бұрын
Thank you
@HowtostartanllcOfficial
4 ай бұрын
You're very welcome, thank you for watching!
@michelletorres8983
6 ай бұрын
🎉
@talktomegoose1558
3 ай бұрын
I’m setting up an LLC for my rental property in Mississippi. If I have a registered agent addresses in Tennessee will I also need an LLC in Mississippi?
@HowtostartanllcOfficial
3 ай бұрын
There are options, but you'll most likely need a business attorney who understands interstate LLCs, nexus, regulations, and taxation to help you determine *exactly* which one makes the most sense financially and legally. Tennessee LLCs don't cover business activity in Mississippi. An RE investor would either need to start a new LLC in Mississippi or register the TN LLC as a foreign-qualified LLC in MS. If the MS property is foreign qualified, it and the other property are not protected against each other. So, if one property experiences a lawsuit, both could be impacted. It might help to call the state of Mississippi to ask about the taxes and formation regulations involved in your scenario. business services: 601-359-1633 department of revenue: 601-923-7700
@VladTN1977
5 ай бұрын
LLC in Tennessee MUST be represented by licensed attorney… right ?
@HowtostartanllcOfficial
5 ай бұрын
Nope- good news, you don't need an attorney to start an LLC in Tennessee! Or any other state. You'll need to have a registered agent but that can be you or anyone else who's 18 or older and a resident of Tennessee. For $29, you can pay a service to start your LLC and be your registered agent for the first year, for free. Here's our most discounted link: go.truic.com/45hplKy Best of luck! At TRUiC, our mission is to offer free resources and information. We support our work by partnering with service providers, earning a percentage on some of the offers we’ve negotiated on your behalf. Northwest is one such partner.
@donnav3524
2 ай бұрын
Can we apply for a EIN right away, or wait until LLC is approved.
@HowtostartanllcOfficial
2 ай бұрын
It makes sense to wait for the LLC to be approved. That way, you know your business name is registered and approved before requesting the EIN. It's not easy to change the name of your LLC with the IRS if your LLC name isn't approved by the state.
@sfsfuzzy3597
5 ай бұрын
Most these people don’t need an LLC ! In fact it does not help you to avoid taxes it does not help you avoid paying for liabilities It’s not worth the money these bastards want to charge
@HowtostartanllcOfficial
5 ай бұрын
We have to respectfully disagree. I would want my mom to have an LLC if she starts her long-dreamed-of candy business without hesitation. And that is the case for most small businesses that carry even small amounts of risk. Why? Because an LLC will protect my mom's personal assets. When the business is just linked to you and your SSN, as a sole proprietor, your personal assets are exposed to lawsuits and creditors. When you form an LLC, you create a legal entity for the business-the business is no longer YOU. That way, courts and creditors can't access your house and savings, for example. LLCs can be taxed as S corporations, which allows business owners to pay much less under many circumstances. Especially trades and services like plumbers, electricians, freelancers, and contract employees. Best of luck to you!
@sfsfuzzy3597
5 ай бұрын
@@HowtostartanllcOfficial will not protect your moms assets at all ! If she is sole proprietor she still is liable for the business and any damages that the company causes ! Also there are no tax benefits from an LLC
@sfsfuzzy3597
5 ай бұрын
@@HowtostartanllcOfficial you don’t have a clue what the law says do you ? Your rant about protecting assets is a lie ! My business is not under my ssn I have a business tax number and that’s the only thing I need ! Your confused or just a liar
@HowtostartanllcOfficial
5 ай бұрын
A sole proprietorship with an EIN will not legally separate business and personal assets and will leave the owners personal assets exposed to lawsuits and creditors. An EIN is NOT protection. Best of luck to you.
@sfsfuzzy3597
5 ай бұрын
@@HowtostartanllcOfficial neither will a LLC with sole proprietor ! Just have g a LLC does not separate your liability from the LLC that’s a long time lie that just is not true ! Do I need to cite the case law to show you ? See I’m not saying that it’s never a good idea I’m saying that it usually is not even worth the cost and extra cost later down the line ms you do not get protection from liability like you are claiming
Пікірлер: 26