Hey folks, make sure to check the site for most up-to-date information: www.llcuniversity.com/operating-agreement/. Or select your state and start forming your LLC with our free guides: www.llcuniversity.com/
Hi. I want to know that since I'm a non us resident and have an LLC in US, I wouldn't be liable to pay taxes to the us government as long as I don't have someone in the US exclusively working for me(an employee working for me exclusively) Am I assuming it right?..
You saved me over $1000. I went to open a business account and operating agreement was one of the requirements. I am very fortunate to have come across your channel and may God bless your endevours as you continue to be of service to others.
That is so great to hear! Happy we could put the $1,000 back into your pocket for better use ;) Thank you for the kind words, and best wishes to you as well Nectarios!
@andrew-isac You keep the copy internally for yourself. In some cases a bank may ask for a copy when You're opening a business bank account but this document is internally to how your business is operated, how finances/shares are handled and who the members are.
I am so grateful to have found your video! I was surely stressing over having to figure this out on my own. You are a God-send and many blessings to you!
You're very welcome! Happy we could help. If you have any questions you are searching in google, just add "llc university" in your search. We have tons of helpful articles and instructions on our website too. Hope that helps.
This was SO helpful. A lot of "free" services really seemed to over complicate this process, and wanted credit card information! Thank you for making it SO SIMPLE!
I am working on a certification. I downloaded your template, pulled up your tutorial, and let you talk me through this step-by-step! I sooo appreciate your sharing this vital information! God Bless Your Business!
I know you received a lot of thankful comments, but I am so grateful for your help. I have been wantching RUclips for years but never leave a single comment. Your kindness deserves bigggg thumbs up👍👍👍👍👍. Keep the good work and wish you good luck, wealthy and healthy at all time.
Information was wonderful, thank you! Most impressive part, seeing that you still respond to comments years after the production of this video. It really speaks to your sincerity. Great work.
Thanks so much Bob! I appreciate you! Check out our website too (a lot more stuff there). Or just toss "LLC University" into any of your LLC-related Google searches ;) We cover a lot of ground.
Thank you soooooooooo much! I have been watching your videos ALL DAY, and they've helped a bunch! I am going to take the leap of beginning my business and feel so much more confident after watching! Thanks!
Thank you so much Matt. Your website and videos have helped me clarify what needs to be done to create an LLC. It's already stressful enough to be opening a business and trying to save money in doing so, but your videos/info/templates are a godsend. Please keep up the good work!!
@@llcuniversity no seriously THANK YOU. You saved me a lot of money. I just opened my first business account in the first thing they asked for is guess what.... My Operating agreement 😀🤝. I got approved with no questions asked. Thank you again
Thank you! With little research (to understand the concept) I was able to create a partnership LLC with IRA and IRA owner and external manager to be compliant with IRS non-prohibited party clause. Your template was barely changed and it worked! I don't know how much exactly I saved cause 3 lawyers have not returned my calls to set one up, oh well, my gain!
Wow, that is impressive! Glad you got it sorted. We hope to have more content on our website in the future regarding LLC/IRAs. Would you be willing to email us the template you created? No worries if you'd rather not. Thanks.
@@evanahenri978 - Hi Evana, we recommend calling 5-7 (after doing research online) and asking them all the same set of questions. That usually leads to patterns where you can see if you get the same answers. Also, you will intuitively lean towards working with one or two of them. Hope that helps.
Thank you so much, very well explained, don't stop doing this great videos. you deserve millions of subscribers , continue with this channel . thank you!
@@llcuniversity hey I am a single member LLC, just formed a few days ago. For the contribution section, how much will I put for that? That is the only part I didn't get in this video. Thanks for the amazing info 🙏
@@DThornDigital - You can enter whatever you'd like. We recommend putting in enough to get your business started. We have more information here: www.llcuniversity.com/money/llc-capital-contributions/
Hi Mat, I JUST SUBSCRIBED....YEAAAA!!! Thank you so much for such valuable information - PRICELESS...YOU ARE APPRECIATED even now in 2022 :-D @LLC University
Your video is a life saver. It translates a daunting task to a simple procedures to follow. I'm little unsure about the date to fill in the OA form. If the LLC is formed in the middle of the year, do I fill in the exact date of the LLC formation for all the dates space and still use the calendar year for Tax Year and Accounting Method?
Thanks for the kind words, glad it was helpful! The date at the top should be the effective date (the date the LLC was approved by the state). And yes, you can still use the calendar year for taxes and the cash method for accounting (the most common methods), but you do not have to. If you have questions about these, there are long-form videos on youtube, or you can phone a few accountants. Hope that helps!
Thanks so much for all the helpful information! Question... Can someone select the "accrual" method of accounting instead of "cash?" If so, what are the benefits of using the "cash" method vs. "accrual" for accounting treatment?
You're welcome Eduard. Yes, you can certainly make any changes you need. The cash method is just more common in the context of small business owners. Too long of an answer to spell out here, but check out this video: ruclips.net/video/KcTZdXpaVOU/видео.html
Hey folks, make sure to check the site for most up-to-date information: www.llcuniversity.com/operating-agreement/. Or select your state and start forming your LLC with our free guides: www.llcuniversity.com/
Thank you so much. This is very helpful
@@mamiepaul5389 - You're very welcome!
@@llcuniversity I just subbed and rang the bell, thank you so much.
@@6789uiop - Nice! You're very welcome :)
Hi. I want to know that since I'm a non us resident and have an LLC in US, I wouldn't be liable to pay taxes to the us government as long as I don't have someone in the US exclusively working for me(an employee working for me exclusively) Am I assuming it right?..
You saved me over $1000. I went to open a business account and operating agreement was one of the requirements. I am very fortunate to have come across your channel and may God bless your endevours as you continue to be of service to others.
That is so great to hear! Happy we could put the $1,000 back into your pocket for better use ;) Thank you for the kind words, and best wishes to you as well Nectarios!
Do we just keep a copy of it for ourselves or does it have to be registered somewhere ! In state or county or somewhere
@andrew-isac You keep the copy internally for yourself. In some cases a bank may ask for a copy when You're opening a business bank account but this document is internally to how your business is operated, how finances/shares are handled and who the members are.
I'm looking at this video 5 years later and it's still relevant !
Yes sir!
People like you helping others is what we need in this world. Thank you much for the help.
Pete, thank you so much! Really appreciate that :)
I am so grateful to have found your video! I was surely stressing over having to figure this out on my own. You are a God-send and many blessings to you!
You're very welcome! Happy we could help. If you have any questions you are searching in google, just add "llc university" in your search. We have tons of helpful articles and instructions on our website too. Hope that helps.
This was SO helpful. A lot of "free" services really seemed to over complicate this process, and wanted credit card information! Thank you for making it SO SIMPLE!
You're very welcome Justin! Thanks for the awesome comment!
All your videos are very helpful I get a lot from your videos truly you are very generous person .God bless your Knowledge.
Thank you so much Esayas. I greatly appreciate your comment!
I am working on a certification. I downloaded your template, pulled up your tutorial, and let you talk me through this step-by-step! I sooo appreciate your sharing this vital information! God Bless Your Business!
Hi Vanessa, you're very welcome! So glad we could help :)
Thanks so much for your guidance. I'd like to thank you for making this so simple for those of us that struggle with heavy wording.
Hi Debra, you're very welcome :) I really appreciate you noticing and the kind words! Let me know if you run into any other questions.
Thank you so much for putting these videos out there!! I can't even say helpfull they are!!
You're very welcome! Thank you for the lovely comment :)
I know you received a lot of thankful comments, but I am so grateful for your help. I have been wantching RUclips for years but never leave a single comment. Your kindness deserves bigggg thumbs up👍👍👍👍👍. Keep the good work and wish you good luck, wealthy and healthy at all time.
Hi Joanna, your comment means so much!! Thank you, you are very kind. I'm so glad the videos have been so helpful :) I wish you all the best too!
This content is priceless! Thank you so much for your contribution to the people that needed it.
You're very welcome! Thanks so much for your awesome comment :)
Thank yuuuu. I hope it still help 8 years later
It's still rock solid 💪You're welcome!
Like and subscribed 👍🏼👍🏼👍🏼
@@alalgue Thanks! :)
Finally a workable , useable true template with out a fee at the end - thank you for a quick and easy video to follow through with !!!!
You're very welcome!
I don't know really how to thank you. You're so helpful and logic. Thanks for your help and everything you share. Appreciated!
You're very welcome! :)
Made a seemingly complicated matter super simple and effortless. Thank you!
You're welcome Daniel! Thank you :)
Information was wonderful, thank you! Most impressive part, seeing that you still respond to comments years after the production of this video. It really speaks to your sincerity. Great work.
Hey CC, thanks so much for your awesome comment! You're very welcome :)
Your videos are lifesavers! You've made things so seamless. Thank you for your help in what is a daunting process.
So awesome to hear! You're very welcome :)
Thank you for much Sir! for explaining everything Professionally, May God Bless you!
You're very welcome! Glad it was helpful.
You are the best! this is the best guidance RUclips channel at all. Thank you very much.
Thank you Wender! Appreciate that!!
Just when I thought I would need to hire someone to develop our LLC Operating Agreement I wan across your channel. Liked and subscribed!
Thanks so much Bob! I appreciate you! Check out our website too (a lot more stuff there). Or just toss "LLC University" into any of your LLC-related Google searches ;) We cover a lot of ground.
I have had more help with your website than i have with every person i have spoken with combined!
Hey Mega, super awesome to hear!! Glad we could help :)
Wow thanks for the massive amount of free LLC information in this short 13 minute video!!!
You are very welcome Luis! Thanks :)
GOD BLESS YOU & THE USA, THANK YOU... 🙏🏿🇺🇲💯
You're very welcome :) Thank you!!
Great Thank you. My Registered agent had a 16 page Operating Agreement and the one you provided was cleaner, short, and sweet. Thank you again!
You're very welcome! Those long ones (while often comprehensive), can be quite overwhelming to go through and understand.
Thank you sir, you have saved me $600...
You're very welcome. That's awesome to hear!
Thank you soooooooooo much! I have been watching your videos ALL DAY, and they've helped a bunch! I am going to take the leap of beginning my business and feel so much more confident after watching! Thanks!
Hey Nichole! You're very welcome :) Congrats! So glad we could help!
Thank you so much Matt. Your website and videos have helped me clarify what needs to be done to create an LLC. It's already stressful enough to be opening a business and trying to save money in doing so, but your videos/info/templates are a godsend. Please keep up the good work!!
You're super welcome! Will do. Thank you very much :)
Incredibly helpful! Thank you so much for walking us through this process!
So glad to hear! You're very welcome!
This was too easy to understanding!! Thank you so much for your help, Matt! You rock! 🎉🎉
You're SO welcome! Thanks for the kind words :)
You saved me quite a bit of money and time. This was so simple and straightforward. Thank you so much!
So great to hear! You're very welcome :)
Thank you so much for making this video and the word doc. I'm a single member and still brand new to business, this was incredibly helpful.
You're very welcome Ruby! So glad we could help :)
We seriously need more people like you in the world. I instantly subscribe. Dude you are awesome seriously.
Wow, thank you so much! Very kind of you. You're very welcome :)
@@llcuniversity no seriously THANK YOU. You saved me a lot of money. I just opened my first business account in the first thing they asked for is guess what.... My Operating agreement 😀🤝. I got approved with no questions asked. Thank you again
@@KingN3y0VL4 - You're very welcome Neno!! Heck yeah. That's super awesome. You're super duper welcome :-)
I really appreciate that this was free to print! Subscribed just because of that!
You're very welcome Kris! Thanks!
This Video saved me time,money, and energy! Thank you so much!!
You're very welcome DeVon!
Very much appreciated, you definetvely saved time and money. I just need a member-managed Operating agreetment. Cheers from Canada
You're very welcome!
Thank you! With little research (to understand the concept) I was able to create a partnership LLC with IRA and IRA owner and external manager to be compliant with IRS non-prohibited party clause. Your template was barely changed and it worked! I don't know how much exactly I saved cause 3 lawyers have not returned my calls to set one up, oh well, my gain!
Wow, that is impressive! Glad you got it sorted. We hope to have more content on our website in the future regarding LLC/IRAs. Would you be willing to email us the template you created? No worries if you'd rather not. Thanks.
@@llcuniversity I definitely will tonight, after all it's thanks to you!
@@marcin97 - Awesome, you rock! Happy we could help ;-)
@@llcuniversity sent
You rock! Thanks.
Sooooo very detailed, thorough and extremely helpful. You just made this really easy! Thank you!!!!!
You're sooo welcome! Happy to help :)
Thank you for such great services you provided me. Even better for free. I like how you mentioned blue or blank ink. Wish you all the best.
You're very welcome Angel! Hey, the details matter lol ;)
Great job, you make your viewers feel as though we can do anything in 13 minutes
Awesome! Thanks for the nice compliment Christina :)
Thanks for posting these videos and thanks for taking the time today to respond to my question by email. Your generosity is much appreciated!
You're very welcome Carol! Thank you for the kind words :)
THANX for this! Helped me out in a crunch with total calm.
You're welcome Scott. Glad we could help :)
Very grateful to have found your video and channel. Great teacher who provides excellent content. Thank you!
You're very welcome Evana! Thank you :)
@@llcuniversity Do you have any advice/resources on how to look for the right trademark attorney? Thanks!
@@evanahenri978 - Hi Evana, we recommend calling 5-7 (after doing research online) and asking them all the same set of questions. That usually leads to patterns where you can see if you get the same answers. Also, you will intuitively lean towards working with one or two of them. Hope that helps.
@@llcuniversity Thank you!
You changed my life❤️
Wow! You're kind :)
This has been extremely useful. I appreciate the step by step process. Really appreciate it.
You're very welcome Rosario!
Thank you so much, very well explained, don't stop doing this great videos. you deserve millions of subscribers , continue with this channel . thank you!
You're very welcome! Thanks so much!! We very much appreciate the kind words :)
Thank you so much for sharing your knowledge, May Gd bless you. You were very instrumental., clear and to the point. You are terrific.
You're very welcome Eli! Thank you for the kind message :)
@@llcuniversity hey I am a single member LLC, just formed a few days ago. For the contribution section, how much will I put for that? That is the only part I didn't get in this video. Thanks for the amazing info 🙏
@@DThornDigital - You can enter whatever you'd like. We recommend putting in enough to get your business started. We have more information here: www.llcuniversity.com/money/llc-capital-contributions/
Just subscribed. I am in process of making an LLC operating agreement…
Thank you for this video.
You're very welcome!
Thank u so much, a guy was charging 400 for this...thank u..
You're very welcome Kou!
Thank you for this, it helped tremendously. Really appreciate you taking the time to do this as well as having a pdf for all to use.
You're very welcome!
Tremendously helpful. Thanks again. Couldn’t have done it without you.
You're very welcome Jamie!
Thank you, I wish you an unlimited abundance of prosperity
Oh, heck yes!! Thank you Chrissy! And you're very welcome :)
Thanks for the step by step what a life saver thanks
You're welcome Rayfus!
This was very helpful. You must be a teacher.
Why thank you! Not officially, but I've always enjoyed teaching and communication. Thank you for the kind words :)
You guys killed it. Thank you thank you!
Heck yea!! Thanks again Christina, you rock!
Thank you very much for this!!! Saved me a lot and you made it easy to understand.
You are very welcome Michelle! So happy to hear :)
Thank you soo much for this video. I was literally about to pull my hair out till I ran into this video
Hi Astan, you're very welcome! If you have any other questions, just throw "llc university" into your google searches :)
Thank you so much for this. You were thorough and to the point.
You're welcome MH! Glad it was helpful :)
Hi Mat, I JUST SUBSCRIBED....YEAAAA!!! Thank you so much for such valuable information - PRICELESS...YOU ARE APPRECIATED even now in 2022 :-D @LLC University
You're SUPER welcome Racquel!! Thank you!!
Thank you so much! Saved me lots of time (and money).
You're very welcome! ;-)
THANK YOU FOR SHARING YOUR KNOWLEDGE
You're very welcome Tom. Thanks for the nice comment :)
Wow! Thank you so much for this!
You're very welcome Vickie!
I thank you for your information you made it very easy to learn Jose
You're very welcome Jose!
Awesomely done and most helpful. Thank you!
You're super welcome!
Wow!! Thank you very much Matt. You are a genius! Great job! 👍👍
Thank you Julie! You're very welcome :)
Very helpful step by step process. Thanks!
You're welcome Geetha!
This was exactly what I was looking for and in need of so thank you!
Awesome! You're very welcome :)
Thank you so much for putting these videos out there!
You're very welcome Christian!
Wow, thank you so much! This was beyond helpful!
You're very welcome Alley!
Thank you so much for such well made and helpful videos, straight to the point and clear to allow, thank you!
You're very welcome Nora :) Thanks for your awesome comment!
Thank you so much for making these instruction videos!
You're very welcome!
Thank you so much for this video. It really saved me.
You're very welcome Brandon :)
Thank you for this information . It's what I needed.
Glad it was helpful Linda!
This was most helpful. I appreciate your time and effort for sharing this important information and making this a smooth process. Thank you
You are most certainly welcome :) Thank you for the nice comment!
This was great information. Filled mine out. Thank You all so much for the info.
You're very welcome Joel!
Thank you so much for this helpful information. I wasn't sure how I was going to write this and I found your channel!!!!
You're very welcome! Feel free to stop by our site. We have a lot more resources there :) www.llcuniversity.com/learning-center/
Thank you! Very helpful video. Appreciate your time
You're very welcome Chad :)
Excellent walk through.
Thanks!
Thank you for this video!!! Clutch!!!👏👏👏
Heck yeah! You're welcome :)
THIS WAS A HUGE HELP! THANK YOU!!!
You're very welcome Markia! :)
Thank you so much!!!!! You saved me alot of money!!!!!! Thank yo so much!!!!!!
You're very welcome! yay! So awesome to hear :)
This is very helpful Thank you so much!
You're very welcome!
Thank you for make the business life easier. I really appreciate it. I just subscribed to your channel.
Hey! You're very welcome. Happy we can help :)
this was easy and fast to complete.
Awesome to hear!
Thank you so much for explaining this!
You're very welcome Tatum!
I cant thank u enough!!! God bless you
You're very welcome!! Thank you :)
Thank you so much. You are a lifesaver😁
You're very welcome Anahi!
forever grateful
You're welcome :)
Thanks so much - This was extremely helpful!
You're very welcome!
This was so helpful! Thank you!
You're very welcome Wen!
Very useful information. Thanks for the sharing it. I really appreciate it.
You're very welcome Maria! Thanks for the nice comment :)
Seriously thank you!
You're very welcome!
Thank you! God bless you!
You are very welcome!
I like your video too, make it simple, I’m recently frustrated about the operating agreement buy sell provisions
Thanks Yali, glad it was helpful.
Dope information and resources! Thank you so much. New subscriber❤️
Thanks Catavia! You're very welcome :)
So helpful. Thank you so much!
You're very welcome Carol :)
Thanks this really clears up a lot.
Sure thing! You're welcome :)
You are a life saver !!!!
You're welcome E :-)
Your video is a life saver. It translates a daunting task to a simple procedures to follow. I'm little unsure about the date to fill in the OA form. If the LLC is formed in the middle of the year, do I fill in the exact date of the LLC formation for all the dates space and still use the calendar year for Tax Year and Accounting Method?
Thanks for the kind words, glad it was helpful! The date at the top should be the effective date (the date the LLC was approved by the state). And yes, you can still use the calendar year for taxes and the cash method for accounting (the most common methods), but you do not have to. If you have questions about these, there are long-form videos on youtube, or you can phone a few accountants. Hope that helps!
Thanks so much for all the helpful information! Question... Can someone select the "accrual" method of accounting instead of "cash?" If so, what are the benefits of using the "cash" method vs. "accrual" for accounting treatment?
You're welcome Eduard. Yes, you can certainly make any changes you need. The cash method is just more common in the context of small business owners. Too long of an answer to spell out here, but check out this video: ruclips.net/video/KcTZdXpaVOU/видео.html