Hawthorn Law - Yessir, I remember you mentioned it on one of your earlier videos. I’ve read it, and it gives me a piece of mind from starting my new business! Thanks!
What activity limitation exist, what my LCC can does? My business can not fix cars and sell icecream as one entitie but If I have painting compani. Can I paint cars, apartments, fence on the streets aircrafts, ships? So, we're is the border and who establishe it?
My boyfriend (now ex) became a felon much to my shock and anger. Long story short, he couldn't find someone to hire him so he decided to start his own LLC as a delivery driver. The problem is, he knows NOTHING about running a business let alone owning one, and refuses to listen when I try to help him (I'm a contracts professional). He is not putting any money aside for taxes even though I tell him he needs to. His excuse is "I can't afford it" as though taxes will just go away because of that. He also hasn't filed for last year yet, didn't file an extension so is accruing penalties/interest and hasn't paid a dime with nothing put back in savings. I gave up on trying to help him, and he's going to be in for a shock when he does file!
I'm a filmmaker and am considering crowdfunding my next film via Kickstarter. Say I get $100k and want to pay myself X amount of money for directing, producing and editing. How should I go about paying myself? Do I even need to LLC?
I'm considering the creation of an LLC to take in the royalties from my patent licensing. My wife and I would be the only members. Can I pay myself from that entity on a salary basis or can I take money from it as needed, e.g I want to buy a house or a car or something?
Question, I want to buy land and put it under an LLC, Not for real estate, This is just personal land I intend to Build my house on, grow crops, homestead etc Would that be a good move? any advice I would really appreciate Thank you very much
hello james...finally i received LLC papers article of org ,operating agreement , n i got the EIN , but right now im unable to get business account for this LLC cuz im foreign living out usa...do you have any suggestions to those who living out usa n want to do business ?
Great question! S-corp is merely a tax status. Since you are the owner of an LLC, you are a member. This should be outlined in your operating agreement.
If you won the lottery - congrats and talk to a lawyer about how and when to receive the winnings. There are lawyers that specialize in that (I'm not one of them) ;)
Still going to watch your stuff but I'm going to watch Aiden first cause I live in Colorado. Thank you for sharing her channel it will help me.
No worries - that's why I shared her channel!
Thanks to you I read Profit First and it's great!
Isn't it though? Life-changing.
Hawthorn Law - Yessir, I remember you mentioned it on one of your earlier videos. I’ve read it, and it gives me a piece of mind from starting my new business! Thanks!
I have watched several of your videos and thank you for all of the information. Very quick, easy and to the point.
Thanks yet again for making these videos.
What activity limitation exist, what my LCC can does? My business can not fix cars and sell icecream as one entitie but If I have painting compani. Can I paint cars, apartments, fence on the streets aircrafts, ships? So, we're is the border and who establishe it?
I wish you had a link to part one in the intro or the bio
I appreciate you so much. Things are getting clearer 🤩🤩
you doing really good , thanks for all the info, i think you should do i video on when you need to apply for EIN.!
Great Information!
Thanks!
Your videos are the best
The specific video from Aiden Kramer isn't linked in the video or description. Anyone know which video he was taking about?
Pls where is the link for the RUclips channel on minutes for documenting business decisions.
Not sure
Thanks fo the information 🔥⛽🌋💯
You're welcome! Awesome emojis! 💪
My boyfriend (now ex) became a felon much to my shock and anger. Long story short, he couldn't find someone to hire him so he decided to start his own LLC as a delivery driver. The problem is, he knows NOTHING about running a business let alone owning one, and refuses to listen when I try to help him (I'm a contracts professional). He is not putting any money aside for taxes even though I tell him he needs to. His excuse is "I can't afford it" as though taxes will just go away because of that. He also hasn't filed for last year yet, didn't file an extension so is accruing penalties/interest and hasn't paid a dime with nothing put back in savings. I gave up on trying to help him, and he's going to be in for a shock when he does file!
are an llc with s-corp status and a c-corp with s-corp status essentially the same thing?
Do you provide coaching service
Yes! Check out obfoundations.com
I'm a filmmaker and am considering crowdfunding my next film via Kickstarter. Say I get $100k and want to pay myself X amount of money for directing, producing and editing. How should I go about paying myself? Do I even need to LLC?
I'm considering the creation of an LLC to take in the royalties from my patent licensing. My wife and I would be the only members. Can I pay myself from that entity on a salary basis or can I take money from it as needed, e.g I want to buy a house or a car or something?
Question, I want to buy land and put it under an LLC, Not for real estate, This is just personal land I intend to Build my house on, grow crops, homestead etc
Would that be a good move?
any advice I would really appreciate
Thank you very much
hello james...finally i received LLC papers article of org ,operating agreement , n i got the EIN , but right now im unable to get business account for this LLC cuz im foreign living out usa...do you have any suggestions to those who living out usa n want to do business ?
I thought Bylaws are only needed for corporations? Do you need those for LLCs as well?
Technically speaking, the Operating Agreement is to an LLC what the bylaws are to a corporation.
Can you provide the info to the book
I assume you mean my book on amazon? Here's the link: amzn.to/2uciS4c
Thx!
You're welcome!
All Hail JIM !!
I got a LLC and is taxed like a scorp.
So I call myself a member or a shareholder?
Great question! S-corp is merely a tax status. Since you are the owner of an LLC, you are a member. This should be outlined in your operating agreement.
@@jimhart
Thxz buddy great video..
Aiden is amazing
I don't have any business partners. Should I put my wife on the LLC so I could file as multi member?
a little sip of "law craw" @3:03 lol
Can a Single Member LLC be used as a vehicle for collecting lottery winnings and receiving some anonymity in NJ?
If you won the lottery - congrats and talk to a lawyer about how and when to receive the winnings. There are lawyers that specialize in that (I'm not one of them) ;)
Meeting with yourself 🤣🤣🤣