I registered my LLC in AZ. I had to fill out 1 page and pay $20. In IL, I had to fill out a binder of paperwork and pay close to $800, jajajajajaja. This was many years ago, so I'm not sure if it has changed, but yes, the differences from state to state are insane.
Excellent breakdown of common LLC pitfalls. The advice on avoiding your home address as a business address is gold. Privacy is paramount for any business owner. I'd love to hear more about the nuances of choosing a NAICS code. Are there specific industries where this decision is especially critical? And how does one go about determining the best code for their business? Great video overall.
Hi...interested in launching a new LLC for real estate investment. What NAICS code can I utilize (besides the 1 for real estate)? I've learned that real estate seems to be 1 of the riskier types of businesses which receive either very low funding from banks or none at all.
I registered my LLC in AZ. I had to fill out 1 page and pay $20. In IL, I had to fill out a binder of paperwork and pay close to $800, jajajajajaja.
This was many years ago, so I'm not sure if it has changed, but yes, the differences from state to state are insane.
1x(10/27/24)…done thank you………Great info. I love you medium pace at talking. You speak very clearly with great voice inflections
Excellent breakdown of common LLC pitfalls. The advice on avoiding your home address as a business address is gold. Privacy is paramount for any business owner. I'd love to hear more about the nuances of choosing a NAICS code. Are there specific industries where this decision is especially critical? And how does one go about determining the best code for their business? Great video overall.
This is the most simple way to explain the LLC benefits! Great info! 🔥🔥🔥💯
Glad you think so! Thanks.
I did 1099/scheduleC for 5 years before starting my LLC only because I now need small retail doors for distributors access.
Very informational video. Thank you for sharing
oh man thank u so much its really helpful for me
I'm working on creating my photography business. I will not make 50k my first year. Should I do a Sole P first?
Thank you! This was helpful and I'll be saving it to refer to.
Glad it was helpful. Thanks for watching.
Hi, great video. What NAICS code do you suggest for an online clothing boutique?
Thanks for the great advice 😃.
My pleasure!
Thanks for such an informative video! Are one of these links the link for the Registered Agent?
Hi...interested in launching a new LLC for real estate investment. What NAICS code can I utilize (besides the 1 for real estate)? I've learned that real estate seems to be 1 of the riskier types of businesses which receive either very low funding from banks or none at all.
Why didn't you mention the use of a p.o. box instead of a home address?
Because the section dealt specifically with privacy concerns. Plus, I’ve seen home addresses being used a lot more than P.O. boxes.
@@LYFEAccounting Is using a P.O. box an effective way to protect privacy? How does it compare to using a registered agent or virtual address?
@@loricat5606 I was wondering the same thing
Or something like UPS Physical Address Mail Box Service
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1x(10/4/24)……& 2x….done thank you
I formed a new LLC recently using my home address. I will definitely switch to a virtual address. Thanks for the advice!
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