Can you explain a little about bonding. I want to start a business, but this little factor keeps disturbing me. Licensed, bonded, and insured I keep seeing it on company vehicles. What does it mean and is it required?
Thank you so much for taking the time to make all your videos! They are super duper helpful and you don't miss a beat!!! Thank you, Thank you, Thank you and THANK YOU. Did I say Thank you? hahaha you get my drift. :-)
Thank you so much for the videos! Very informative, and on a more personal note, you are absolutely stunning! Just thought you may enjoy an honest compliment. Please keep the information coming, very useful!!
THANK YOU! YOU SWEET! I LOVE YOUR PRESENCE ON CAM, YOU ARE VERY HELPFUL TO ME IN THIS PROCESS OF BECOMING A LEGIT BUSINESS IM SO THANKFUL TO GET TO CONNECT WITH YOU. BLESSINGS & SUCCESS!!!!! I SUBSCRIBED!
Is there any general rule regarding a husband and wife setting up an LLC? Specifically, we're in a community property state, so the capitalization for our hypothetical LLC would be coming from joint funds, savings and investments. Can that still be treated as a multi-member LLC, with each of us 50% owners, or does that get interpreted as single member? Thanks for these very informative videos, by the way. I don't remember exactly how I ran across your channel, but I really like the content. I'd even hire you to form an LLC if I lived in Colorado, but alas, I don't.
Hi Aiden - Excellent !! thank you so much for your insight - Does the operating agreement replace a partnership agreement. I am setting up an LLC for a my partner and myself to manage, should we have a separate partnership agreement or does the operating agreement take care of that reqirement
Good morning, for a single member holding company, LLC. Would you recommend a operating agreement and if so would the main purpose be, asset and liability protection. And since they are two LLC, holding company and operating company would I need operating agreement for each company.
Hi, I have a startup business, my partner oversees gets 25% share of our company here in New York. Any suggestions i should add on our operating agreement?
I’m starting a mobile car wash and detail. I plan on having contracts with companies with fleet vehicles to wash them on an agreed basis. Is there a template of a service contract agreement that I can fill in? Any resources you can provide? Thank You!
Hi! Thank you so much for this. My husband and I are in Chaffee County, CO and drafting OA for our single member businesses. Our biggest concern is if one of us ends up incapacitated or in death how we write the OA so that the "signer" in the bank account (we have at each other) can operate the business in the others absence and more importantly if the Owner is deceased that the business immediately transfers to the surviving spouse. My understanding is the "signer" looses their position once the Owner is deceased which would halt access to the business account. We are trying to make sure the language in the OA would make that transition seamless without having to go through probate or wait or do mountains of paperwork. We are addressing this in the transfer/liquidation/dissolution section. Is this correct. We are using a Colorado template and changing parts of it to submit to the bank to have on file. Is this acceptable and is there anywhere else this needs to be on file? Thank you for your response.
I love your videos, I'm really in a serious spot where I want to legitimately get my film production business going and I'm really confused with things. I want to trademark but I know it probably winds up being around $2,000 when all is said and done, right?
+Insanity On A Bun the total cost depends completely on how much your lawyer charges and how the trademark office responds to the application. But I do tell my clients to prepare to pay around $2k or more in a worst-case scenario. However, many of them end up spending way less! Thanks for the great question!
If I use my home/personal address as my L.L.C address wouldn't that be similar to comingiling funds since all of the bills have my name on them and have been getting paid from my personal account or could I use my home address and then just start paying the bills from my business account after starting my L.L.C? Another thing how about personal guaranteed business credit cards doesn't that tie your name to the business also?
Do you form, LLC outside of Colorado, Like Wyoming? What are the area of important in an operating agreement, to protect asset from a charging order? Are there certain legal language that is written in an operating agreement to help protect asset? Thank you
I have a question on what you've said about contributions. I've been putting some personal money into this for a few months, and just filed the paperwork with my secretary of state. I was planning on doing a member contribution to get started, and then likely do smaller member contributions over the next few months to fund the business until it's steady state. Now, with you saying I need to document the contributions, do I need to amend this agreement each time I make a member contribution?
What if the business does not have an address would a P.O. Box be sufficient? In my case, it will be a massage therapy business tailoring exclusively to in-home clientele.
@Joel Arroyo, see the answer to Jessica's question on the same topic here: ruclips.net/video/6T9iFiU3FJU/видео.html&lc=UgwoYuATgy72Y5E0FuZ4AaABAg.8XDgI1amnfa8_F3RKhR73a
You do not need to submit it anywhere if your state doesn't have a requirement for it. You would just keep it in your records until a need arises to revisit it.
your 6th step on distribution, are you referring to how and when my employees and I will be paid? I assume so since you did not clarify on distribution of what.
+DeathsAngel323 Distributions only refer to how you, as the owner, will take distributions. Your operating agreement can certainly include details about paying employees, as well, but that is not a term that is commonly included in the operating agreement. Thanks so much for watching and for the great question!
What did you major in ? And go to law school ? I hear the legal market is really saturated right now i live in California I'm not sure if its still a good investment ?
+Shawn Afshar I majored in Finance in undergrad and went to law school at the University of Denver. You are right that the market is saturated and very competitive, especially in California. If you are passionate about being a lawyer, then it is still a good investment. But if your goal is just to make a lot of money or something like that, then you may want to explore other career options. Being a lawyer can be very lucrative if you are successful in law school and can land great internships and big firm positions, but the majority of lawyers (myself included) have a much more modest lifestyle than people would expect.
Can you have a home business (LLC.) within a home you rent? I'm in the state of Ohio. THANKS! I'm mew to the LLC. information. Your videos are helpful.
would it be okay/reasonable to ask my employer for a copy of thereoperating agreement? or would that be fround uppon? 1.just for my own knowledge. 2.insperation for my own operating agreement.
Aiden Kramer, I have a three questions for you? I am the Owner of a Single Member LLC. My three questions are: (1) How many pages should a single Member LLC have. (2) How many pages should a Multimember LLC have. (3) What TITLES should I use as the Sole Owner of my LLC: 1. CEO 2. President 3. Founder 4. Owner 5. Member-Manager ect... I ask these questions to keep myself out of trouble encase sometime in the future business troubles come my way. In case you are wondering what kind of business mines is? My company is a "Retail Company" with NO employees. THANK YOU!!
Hey Ms. Aiden. I hope you are well. You think I can speak with an Accountant before I put together my Operating Agreement? I want to be prepared when I speak with one, But I am not too sure about which to choos (regarding the matters spoken about in this video) and I dont want the CPA to think I'm not serious about my business If I do not have one when we meet
+Mya G. Good you can definitely talk with a CPA beforehand, and it's a great idea to do so! Much of starting a business is setting up the tax structure and it's great to have a tax advisor working with you from the get-go.
Is there any chance we can get you to do a video on the steps involved in converting a sole proprietorship to an LLC? Also, if you do everything properly but elect to remain taxed as a sole proprietorship will this automatically "pierce the corporate veil"?
+Randy Iannone I will put that on the list and try to make a video on that topic. Thanks for the suggestion! To answer your question, no. An LLC that is taxed as a sole proprietorship will not automatically pierce the corporate veil.
I WANT TO SELL MY KNOWLEDGE SKILL SETS TO PUBLIC WITH MY WEBSITE AND.... HAVE AFFILIATES LINKS FOR EXTRA INCOME. WHAT DO YOU RECOMMEND.. LLC, SOLE P OR CORP? I DO HAVE A SINGLE MEMBER LLC OUT OF TEXAS FOR REAL ESTATE. VERY CLEAR AND CONCISE INFORMATION PRESENTATION! THANKS
What if your partner, we are 50 50 owners, does not inform you he turned the company into an LLC? Then in a lawsuit uses it against you saying I wanted to stay as an individual. Making it sound like I did not cooperate in our business.
Jessica McHayle I chose to go with a business mailing address through UPS instead of a PO Box because many places such as banks, an LLC etc. require an actual st address. It was only $20.00 per month for mine. I agree with The Carter you don't want to use your home address.
@Jessica McHayle, I'd get a PO Box at a UPS Store (not one at the United States Postal Service). Your business location address would then be the physical address of the UPS Store followed by your box number. So if the UPS Store where you got your P.O. box is at 12345 Main Street, Fargo, North Dakota, and your P.O. box is 9876, your business address would be something like this: Jessica McHayle Enterprises LLC 12345 Main Street Suite 9876 Fargo ND 99999 Like @The Carter and @Shapress7779 said, your business location is a matter of public record, and is where people would go to deliver you summonses and other legal documents. This is why you probably don't want to use your actual home address -- you don't want the sheriff or some rando showing up on your doorstep in the middle of the night because of some business matter. As your business gets bigger, you can "upgrade" your business location from the UPS Store to a "virtual office" from a company like DaVinci, Regus or Opus.
![Yeat & Quavo - 5BRAZY [Official Music Video]](http://i.ytimg.com/vi/4XxnTAwyxus/mqdefault.jpg)
I'm starting a business and I'm literally glued to my phone. It is so helpful.
FACTS! So organised her presentation. Makes the information easier to digest for someone with my level of ADHD
ThisisFerrariKhan hahaha
Same! I am my phone & my phone is me!
HA! What are you talking about... I'm a single member LLC and I argue with myself all the time. LoL
Giggles, giggles....
Thats called a staff meeting lol
stock holders in a single member LLC be like "weeee a roller-coaster ride with non-stop loops!!" lol
😆😂🤣🤭✔️💯
Nobody has ever made that simple and impressively demonstrative
Your "All Up In Yo' Business" series has been very helpful. Thank you for the information.
Your channel is so awesome! Thanks for the information ! Our company is a huge fan!
Thank you so much for watching and for all the kind words!
Can you explain a little about bonding. I want to start a business, but this little factor keeps disturbing me. Licensed, bonded, and insured I keep seeing it on company vehicles. What does it mean and is it required?
Thank you so much for taking the time to make all your videos! They are super duper helpful and you don't miss a beat!!! Thank you, Thank you, Thank you and THANK YOU. Did I say Thank you? hahaha you get my drift. :-)
not only are your videos super helpful!! But your so very pleasant on the eyes. Thanks
+Gary Whatley Thank you so much for watching!
i fully agree with him
😆thirsty ass dudes😆
This lady has brains and looks. WOW
You are a excellent teacher, I am intrigued how you touched basis and explain each steps in details, thank you so much for the valuable information ❤
Thank you so much Aiden. This was very helpful as we are starting our marriage ministry.
Wow this superb...
You help me indeed.
I search and search finally am here...
This is how it should be delivered.
100% Legit
Smart and beautiful. My new favorite attorney 😍 Thanks for your great videos.
jeeeze really???
this information is very helpful! does the operating agreement have to be turned in to someone or do i just keep it for my records?
I answered your question! Check out this new episode: ruclips.net/video/20nRC8kYcso/видео.html
once again, knocked it out of the park kiddo. you are so awesome. other attorneys should take note!
Just getting my LLC up and running, thank you very much for your very helpful videos.
All Up In Yo Blindness !!! You look marvelous !!!!
I'm a fan. I've been to school. But these videos have been invaluable to me and my llc formation so far. Thank you.
LOVE THE NAME ALL UP IN YO’ BUSINESS. BRILLIANT.
Thanks so much!
Youre RUclips's gift to the world. Thank you.
Thank you so much for the videos! Very informative, and on a more personal note, you are absolutely stunning! Just thought you may enjoy an honest compliment. Please keep the information coming, very useful!!
You are sooo funny, and entertaining... not to mention informative. Thank Ü
THANK YOU! YOU SWEET! I LOVE YOUR PRESENCE ON CAM,
YOU ARE VERY HELPFUL TO ME IN THIS PROCESS OF BECOMING A LEGIT BUSINESS IM SO THANKFUL TO GET TO CONNECT WITH YOU. BLESSINGS & SUCCESS!!!!!
I SUBSCRIBED!
Very informative but yet so simple. Two thumbs up for having the passion in helping others. Thank you
I literally love you 💕💕
Do you have a sample of a Single Member Operating Agreement for a Checkbook SDIRA LLC
Is there any general rule regarding a husband and wife setting up an LLC? Specifically, we're in a community property state, so the capitalization for our hypothetical LLC would be coming from joint funds, savings and investments. Can that still be treated as a multi-member LLC, with each of us 50% owners, or does that get interpreted as single member?
Thanks for these very informative videos, by the way. I don't remember exactly how I ran across your channel, but I really like the content. I'd even hire you to form an LLC if I lived in Colorado, but alas, I don't.
You also have online business with subscriptions services, correct? How do you draft that in operating agreement?
Hi Aiden - Excellent !! thank you so much for your insight - Does the operating agreement replace a partnership agreement. I am setting up an LLC for a my partner and myself to manage, should we have a separate partnership agreement or does the operating agreement take care of that reqirement
Hi Ms. Aiden! What kind of lawyer am I looking for when it comes to getting help for my operation agreement and establishing the proper LLC umbrella?
Good morning, for a single member holding company, LLC. Would you recommend a operating agreement and if so would the main purpose be, asset and liability protection.
And since they are two LLC, holding company and operating company would I need operating agreement for each company.
Hi, I have a startup business, my partner oversees gets 25% share of our company here in New York. Any suggestions i should add on our operating agreement?
How to notarize a operating aggrement for SMLLC for a non us residence due to some requiement of payoneer business account. Kindly advice. Thanks
2020 pure gold!!!
Good job I like the information it helps me on my LLC. Thank you
I love it when you talk Law!
I’m starting a mobile car wash and detail. I plan on having contracts with companies with fleet vehicles to wash them on an agreed basis. Is there a template of a service contract agreement that I can fill in? Any resources you can provide? Thank You!
Hello and thank you for the information. Is an operating agreement required for a single member LLC. in the State of California?
Quick question: what do you mean when you say distributions ?
Hi! Thank you so much for this. My husband and I are in Chaffee County, CO and drafting OA for our single member businesses. Our biggest concern is if one of us ends up incapacitated or in death how we write the OA so that the "signer" in the bank account (we have at each other) can operate the business in the others absence and more importantly if the Owner is deceased that the business immediately transfers to the surviving spouse. My understanding is the "signer" looses their position once the Owner is deceased which would halt access to the business account. We are trying to make sure the language in the OA would make that transition seamless without having to go through probate or wait or do mountains of paperwork. We are addressing this in the transfer/liquidation/dissolution section. Is this correct. We are using a Colorado template and changing parts of it to submit to the bank to have on file. Is this acceptable and is there anywhere else this needs to be on file? Thank you for your response.
Great video- love
Thank you for all of the great LLC information that you have provided.
is this to be kept among important papers or actually registered with the state?
Depends on the state, some require it and some don’t.
Excellent Info.......Straight to the point and concise.
Hey Aiden. Thanks so much for making the information available. I wanted to ask your opinion on Legal Zoom For creating LLC's
There's a video for that!
ruclips.net/video/yItSPB0JzwM/видео.html
+The Law Office of Aiden H. Kramer, LLC
Cool. Thanks!! Will check it out now.
I'm stuck on the tax area. The disregarded..s-corporation etc...what does those terms mean? I've looked online but it need it broken down
I love your videos, I'm really in a serious spot where I want to legitimately get my film production business going and I'm really confused with things. I want to trademark but I know it probably winds up being around $2,000 when all is said and done, right?
+Insanity On A Bun the total cost depends completely on how much your lawyer charges and how the trademark office responds to the application. But I do tell my clients to prepare to pay around $2k or more in a worst-case scenario. However, many of them end up spending way less! Thanks for the great question!
This was amazing! Thank you
LOL love your slogan..!
If you put the registered agent in the operating agreement is it still mandatory to put the address of the LLC
Thank you for detailed info 🙌🏻
This was great. Helpful, informative and well paced. I only had to pause it twice to keep up my notes. Thanks alot and best of luck with this venture.
If I use my home/personal address as my L.L.C address wouldn't that be similar to comingiling funds since all of the bills have my name on them and have been getting paid from my personal account or could I use my home address and then just start paying the bills from my business account after starting my L.L.C? Another thing how about personal guaranteed business credit cards doesn't that tie your name to the business also?
How can i determine percentages of owner ship obviously two owners cant have 100 right? Tes stupid question or would it be 50 50?
Thank you this video I appreciate the information.
Thanks so much for watching and for the kind comment!
Do you form, LLC outside of Colorado, Like Wyoming? What are the area of important in an operating agreement, to protect asset from a charging order? Are there certain legal language that is written in an operating agreement to help protect asset?
Thank you
How much do you charge to guide or help someone towards LLC setup and/or representation.
Can you make operating agreements for the state of New jersey? How much would it run?
I have a question on what you've said about contributions. I've been putting some personal money into this for a few months, and just filed the paperwork with my secretary of state. I was planning on doing a member contribution to get started, and then likely do smaller member contributions over the next few months to fund the business until it's steady state. Now, with you saying I need to document the contributions, do I need to amend this agreement each time I make a member contribution?
Update please and how do you file a partnership llc?
What if the business does not have an address would a P.O. Box be sufficient? In my case, it will be a massage therapy business tailoring exclusively to in-home clientele.
@Joel Arroyo, see the answer to Jessica's question on the same topic here:
ruclips.net/video/6T9iFiU3FJU/видео.html&lc=UgwoYuATgy72Y5E0FuZ4AaABAg.8XDgI1amnfa8_F3RKhR73a
can I write my own operating agreement for single member LLC or do I need a lawyer for this service?
If your state doesn't require an operating agreement and you still want to have one, where can you submit it?
You do not need to submit it anywhere if your state doesn't have a requirement for it. You would just keep it in your records until a need arises to revisit it.
So do I just write in a paper in a check list way?
Love your videos. It's great seeing the quality move up too. You've helped me so much in establishing my marketing agency.
Is all of this still current? If not can we get a updated video.
Yeah, still current! Not much has changed in the world of Operating Agreements lately. :-)
Awesome! Great coach!
I live in Kansas, can I form a single member llc in Delaware...
Acid Man Productions has put your very informative videos to use... thank you for making them and I love your genius
You are the best. Thank you.
Hello Aiden, Do single member llc have to have workers comp?
your 6th step on distribution, are you referring to how and when my employees and I will be paid? I assume so since you did not clarify on distribution of what.
+DeathsAngel323 Distributions only refer to how you, as the owner, will take distributions. Your operating agreement can certainly include details about paying employees, as well, but that is not a term that is commonly included in the operating agreement. Thanks so much for watching and for the great question!
Can you please tell me what's the difference between general Partnership and LLP ? the ups and downs for both please
That's a great idea! I will make note of it and try to put up a video on that topic in the future. Thanks so much for watching!
What did you major in ? And go to law school ? I hear the legal market is really saturated right now i live in California I'm not sure if its still a good investment ?
+Shawn Afshar I majored in Finance in undergrad and went to law school at the University of Denver. You are right that the market is saturated and very competitive, especially in California. If you are passionate about being a lawyer, then it is still a good investment. But if your goal is just to make a lot of money or something like that, then you may want to explore other career options. Being a lawyer can be very lucrative if you are successful in law school and can land great internships and big firm positions, but the majority of lawyers (myself included) have a much more modest lifestyle than people would expect.
Do we save this or does this go to someone?
Can you have a home business (LLC.) within a home you rent? I'm in the state of Ohio. THANKS! I'm mew to the LLC. information. Your videos are helpful.
Where would one find the form if they are NYC based
If I set up my business entity in Delaware, do I need to contact a attorney in Delaware either through I live and operate business in California?
An attorney in Delaware or California should be able to help you.
would it be okay/reasonable to ask my employer for a copy of thereoperating agreement? or would that be fround uppon?
1.just for my own knowledge.
2.insperation for my own operating agreement.
Omg we love you! Thank you so much!
You are a life saver! Thanks
Aiden Kramer, I have a three questions for you?
I am the Owner of a Single Member LLC. My three questions are:
(1) How many pages should a single Member LLC have.
(2) How many pages should a Multimember LLC have.
(3) What TITLES should I use as the Sole Owner of my LLC:
1. CEO
2. President
3. Founder
4. Owner
5. Member-Manager ect...
I ask these questions to keep myself out of trouble encase sometime in the future business troubles come my way.
In case you are wondering what kind of business mines is? My company is a "Retail Company" with NO employees.
THANK YOU!!
where did she learn all this stuff?Is there a school somewhere ?
Hey Ms. Aiden. I hope you are well. You think I can speak with an Accountant before I put together my Operating Agreement? I want to be prepared when I speak with one, But I am not too sure about which to choos (regarding the matters spoken about in this video) and I dont want the CPA to think I'm not serious about my business If I do not have one when we meet
+Mya G. Good you can definitely talk with a CPA beforehand, and it's a great idea to do so! Much of starting a business is setting up the tax structure and it's great to have a tax advisor working with you from the get-go.
Is there any chance we can get you to do a video on the steps involved in converting a sole proprietorship to an LLC? Also, if you do everything properly but elect to remain taxed as a sole proprietorship will this automatically "pierce the corporate veil"?
+Randy Iannone I will put that on the list and try to make a video on that topic. Thanks for the suggestion! To answer your question, no. An LLC that is taxed as a sole proprietorship will not automatically pierce the corporate veil.
Thank you so much !!
You are angel in Law... :D . You have very helpful contents, thanks a milli
Fantastic!
Thank you for this information.
You totally rock!!! Thanks!!!
rock star looking gorgeous girl WITH brains!
X2
I WANT TO SELL MY KNOWLEDGE SKILL SETS TO PUBLIC WITH MY WEBSITE AND.... HAVE AFFILIATES LINKS FOR EXTRA INCOME. WHAT DO YOU RECOMMEND.. LLC, SOLE P OR CORP?
I DO HAVE A SINGLE MEMBER LLC OUT OF TEXAS FOR REAL ESTATE.
VERY CLEAR AND CONCISE INFORMATION PRESENTATION!
THANKS
What if your partner, we are 50 50 owners, does not inform you he turned the company into an LLC? Then in a lawsuit uses it against you saying I wanted to stay as an individual. Making it sound like I did not cooperate in our business.
Lipz lookin good in this one😉
Your amazing 😉 I love you lol
Great Job! Thank you!
Very informative but what type of attorney would assist me in the development of an L.L.C.???
Corporate attorney
thank you
No problem.
Wow setting up an llc is daunting
Gracias! good info...
What if I don't have an official location? Can I use my home address?
Jessica McHayle get a PO box..You don't want no one know your home address...your business information is public record
Jessica McHayle I chose to go with a business mailing address through UPS instead of a PO Box because many places such as banks, an LLC etc. require an actual st address. It was only $20.00 per month for mine. I agree with The Carter you don't want to use your home address.
@Jessica McHayle, I'd get a PO Box at a UPS Store (not one at the United States Postal Service). Your business location address would then be the physical address of the UPS Store followed by your box number. So if the UPS Store where you got your P.O. box is at 12345 Main Street, Fargo, North Dakota, and your P.O. box is 9876, your business address would be something like this:
Jessica McHayle Enterprises LLC
12345 Main Street Suite 9876
Fargo ND 99999
Like @The Carter and @Shapress7779 said, your business location is a matter of public record, and is where people would go to deliver you summonses and other legal documents. This is why you probably don't want to use your actual home address -- you don't want the sheriff or some rando showing up on your doorstep in the middle of the night because of some business matter. As your business gets bigger, you can "upgrade" your business location from the UPS Store to a "virtual office" from a company like DaVinci, Regus or Opus.