Our Top Choice for Online LLC Formation is Bizee (paid link) ⬇ bizbuddy.com/bizee-llc I earn commissions when you use my link. I appreciate you using our links to support our efforts on the channel. We will also donate $20 to charity on your behalf. Free Checklist for setting up your LLC ➡ bizbuddy.com/llc-checklist/ (follow the checklist on exactly how to setup your LLC and maintain it as well)
@rokea346
12 күн бұрын
i’ve watched so many of your videos and you provide the most clear and straight forward LLC information throughout youtube. thank you so much for your work its truly appreciated.
@bizbud
11 күн бұрын
Thanks for the kind feedback! Appreciate ya!
@DrexLTG
7 ай бұрын
I see biz buddy, I click!
@bizbud
7 ай бұрын
Thank you for the support. Any other video topics you’re interested in?
@christianhinkel9251
2 ай бұрын
Great series, thank you! One question though, if I started off as a sole proprietor, then switched to an LLC well after starting to make/sell product, is the corporate veil already permanently pierced or is there some leeway/understanding there?
@p4media_p4m
7 ай бұрын
Thank you, sir, for making this video but PLEASE make another thumbnail with Maintenance spelled correctly. It immediately poked me in the eye :).
@bizbud
7 ай бұрын
Just changed it. Thanks for catching that!
@p4media_p4m
7 ай бұрын
My man, thanks! @@bizbud
@AngryBearHomestead
7 күн бұрын
Want to set up a main LLC and then possibly two DBAs under the main LLC...which online tool would be best? Already found out Tailor Brands dont do DBAs.
@Jeannette0890
5 ай бұрын
Can you make a video on how you pay yourself as a business owner?
@bizbud
5 ай бұрын
This video covers it pretty well. kzitem.info/news/bejne/spCVrqSug5iQd2ksi=HerLLRZfw_WxehHn Here’s what I’d recommend in terms of steps based on annual net income of the business. Under 40k net - Just move money from your biz checking to your personal for your LLC. This is known as pass through taxation (or flow through) and it’s basically earned income and will be taxed full amount (self employment and earned income). Over 40k in net income - Setup a payroll service and pay yourself a reasonable salary. Then elect to have your LLC taxed as an s-corp. let’s say you’ve got 100k net income for the year. Perhaps you take a 60k salary and then pay yourself 40k in distributions. You’ll get hit for full taxes on the 60k (earned income & self employment taxes) which is fine because you have to pay yourself a reasonable salary (based on rev of company and what you’d pay someone to do that job) but the 40k will save on taxes as you only pay earned income for that and not the 15.3% self employment taxes. I use gusto for payroll. This is a referral link which gets you an extra $100-200 when you use it - thebizbud.co/gusto
@cgrondin77
6 ай бұрын
great video, it looks like the link to the notion document is broken though
@bizbud
6 ай бұрын
Sorry about that here it is. Free Checklist for setting up your LLC ➡️ bizbuddy.com/llc-checklist/
@brucelee4644
2 ай бұрын
Do I have to take a salary? I planned to just put everything back into my business for first few years
@bizbud
2 ай бұрын
No not for an LLC but if you go with an s-corp designation than you have to pay a reasonable salary
@brucelee4644
2 ай бұрын
Thanks
@Claw-Media
5 ай бұрын
Hi, do you have any recommendations for a new company structure that wants to incorporate several companies? Should an individual just file separate LLCs or set up a holding company? Are there benefits to setting up a holding/parent company as an S-corp when beginning and putting LLCs under as subsidiaries? Maybe these question require legal help... but thought it was worth a shot before paying the $400 hourly rate
@bizbud
5 ай бұрын
I’d say the hourly attorney fee is worth it in this instance if you feel you have the need for several entities. Lot easier to set it up correctly than make a mistake you’ve gotta unwind later on. If you’re just getting started a simple LLC is easy enough to transform later but sounds like you have more going on. Just don’t over complicate it early on. Focus on building the business and then work your way into proper structures if you’re closer to day 1 of business operations. Wishing you the best! Go crush it either way.
@Claw-Media
5 ай бұрын
@@bizbud Thank you for the helpful insight! your videos are amazing. Video recommendation: Setting up a trust? how a trust benefit sole proprietors and flow through to relatives?
@chrystalfoster7960
7 ай бұрын
Is there anyone or any service that I can call and ask for basic assistance during the first months of my new llc? Just wanting to make sure I have everything I need and mabe extra info I don’t know about. Any info helps thanks!!
@bizbud
7 ай бұрын
I’d say if you’re having second thoughts or concerns an attorney would be worth talking to. Might run ya $300/hr but worth it if there are concerns.
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