This is great because I have not used my old LLC for some time and would like to have it reinstated so I don't lose the shelf life which is about 13 years. I will call the state next week and see what I would have to do to get it back in compliance. It may have been disolved and I want to get it back if it is not too costly. Thank you and happy New Year!
Hello I open an LLC business bank account in 2022 without any knowledge of really how everything works.. when I set it up I use direct deposit from my main job not my business was this a mistake or is this okay? I was told to do so that when I apply for a credit card this may help me .. But I'm unsure if this was a good a idea to use my full-time job direct deposit to go to business please share insight if possible cannot find any videos on this! Because now I'm wondering if I have will have to pay taxes or not because this is not income from my business? Hopes this makes sense.
I have a bank account with my LLC I haven’t been able to keep money in it cause I’m new to my Business and everything coming in and going back out to inventory . I do pay my quarterly sales taxes and now I’m filing with my personal taxes
Well, you hit the highlights. I need to know how to find out what it would take to get my LLC paid up? I have gone to the Texas comptroller and can't figure out how to find what I owe. Then, how to pay my annual dues to get reinstated.
I had a WY LLC which unfortunately was inactive for a little over 2 years (just months lapsed). Is it possible to have it reinstated by paying penalties?
Can anyone help me fill out the it-204-LL form? Not able to find any information on this. On the top right it asks for an identification number. Im not sure if its asking for the EIN (as if asks for this elsewhere and i dont see why theyd need it twice) or if its asking for the code for type of business. Also on the bottom it asks for "Paid preparer's signature" Would that be me filling out the form? or a cpa. further more idk what an NYTPRIN code is. I just don't wanna fill it out wrong it seems like a basic form but there is literally no videos on the subject of this form. Thanks
It’s comforting to know that I’m not the only one 😅😬
This is great because I have not used my old LLC for some time and would like to have it reinstated so I don't lose the shelf life which is about 13 years. I will call the state next week and see what I would have to do to get it back in compliance. It may have been disolved and I want to get it back if it is not too costly. Thank you and happy New Year!
Is it better/easier to change a business name or just start a brand new LLC and dissolve the old LLC?
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Thanks for always having straight forward videos. Very helpful
If started one a long time ago, can we start a different LLC? I don’t want the old one
Did you find the answer?
I’ve never heard of annual dues
how do i find and reactivate my llc it’s probably 3 years old now
Do you know the legal status of your LLC?
Thank you for your time and information really help a lot
Hello I open an LLC business bank account in 2022 without any knowledge of really how everything works.. when I set it up I use direct deposit from my main job not my business was this a mistake or is this okay? I was told to do so that when I apply for a credit card this may help me .. But I'm unsure if this was a good a idea to use my full-time job direct deposit to go to business please share insight if possible cannot find any videos on this! Because now I'm wondering if I have will have to pay taxes or not because this is not income from my business? Hopes this makes sense.
G r e a t question 💯
I have a bank account with my LLC I haven’t been able to keep money in it cause I’m new to my Business and everything coming in and going back out to inventory . I do pay my quarterly sales taxes and now I’m filing with my personal taxes
Has anyone ever told you you sound like Tommy’s dad from the rugrats ?
Thank you for this information
Oh wow he does
I made the exact same mistake i started one but I never used it
Well, you hit the highlights. I need to know how to find out what it would take to get my LLC paid up? I have gone to the Texas comptroller and can't figure out how to find what I owe. Then, how to pay my annual dues to get reinstated.
I recommend giving them a call.
Do you have a video that explains the profit or income threshold where an s or c corp is recommended?
I had a WY LLC which unfortunately was inactive for a little over 2 years (just months lapsed). Is it possible to have it reinstated by paying penalties?
Yes
What happens if you do a transaction under your inact llc
Can anyone help me fill out the it-204-LL form? Not able to find any information on this. On the top right it asks for an identification number. Im not sure if its asking for the EIN (as if asks for this elsewhere and i dont see why theyd need it twice) or if its asking for the code for type of business. Also on the bottom it asks for "Paid preparer's signature" Would that be me filling out the form? or a cpa. further more idk what an NYTPRIN code is. I just don't wanna fill it out wrong it seems like a basic form but there is literally no videos on the subject of this form. Thanks
Fast forward to 6 minutes
Thank me later
DRY ERASE BOARD
Huh!
Dude your beard is almost as gray as mine!