How to Legally Start a Business - 8 Steps

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  • Опубликовано: 27 авг 2024

Комментарии • 999

  • @jimhart
    @jimhart  2 года назад +62

    Thank you for watching! If you are interested in getting started with your LLC, here is a link to my preferred vendor: hawthornlaw.net/incorporate (affiliate)

    • @coolaverage2017
      @coolaverage2017 2 года назад +1

      I have a question my friends and I, so total of 5 owners or members are starting a handyman service venture. Would this 8 step process be the same with minor tweaks? Each member handles a specific aspect of the financials and marketing.

    • @paw45
      @paw45 Год назад +2

      I am tired of making Shell Oil company money off of my hard work. Almost all companies are copy cats. They take someones else's idea and run with it and become a competitor. If I could at least earn 50% more than I am earning now That would be a win for me. I'm not a lazy man. Success requires ambition, I know I can succeed at anything I do.

    • @Douglas_Props
      @Douglas_Props 8 месяцев назад

      @jimhart At which step should you be contacting license holders to license out their IPs?

  • @wavyboity5724
    @wavyboity5724 4 года назад +1592

    I pray who ever reads this become successful and accomplish all of their dreams and goals throughout life🥰

  • @imagin.e.ternity
    @imagin.e.ternity 4 года назад +681

    1, come up with a name
    2, open business bank account
    3, incorporate your business
    4, licensing
    5, contracts
    6, insurance
    7, build your team
    8, profit.....

  • @CallMeMrB
    @CallMeMrB 4 года назад +841

    I'm watching this at my 9 to 5 and I don't want to be here.

    • @anikanicole4350
      @anikanicole4350 4 года назад +4

      Ma

    • @denn4367
      @denn4367 4 года назад +35

      You only live once everyone needs to thing about how to earn passive income while at their regular job.

    • @mistymarley9782
      @mistymarley9782 4 года назад +24

      Get your business going!!

    • @AidanAlbano
      @AidanAlbano 4 года назад +1

      Same.

    • @OutdoorsBlues
      @OutdoorsBlues 3 года назад +1

      @@denn4367 passive income isn’t a thing.

  • @diandrawright9357
    @diandrawright9357 3 года назад +196

    I’m at my 9-5 job watching this with a brilliant business idea in my head.

  • @andydougy4347
    @andydougy4347 4 года назад +21

    Thanks got laid off today and going to use the opportunity to work for myself. Good luck to everyone following their own dreams!!!

    • @brysontheghostgaming9218
      @brysontheghostgaming9218 3 года назад +2

      I also got fired today how’s things going for you

    • @andydougy4347
      @andydougy4347 3 года назад +2

      @@brysontheghostgaming9218 found another gig working for a university here in my city. Was out for a couple of months. Took a really nice road trip to a bunch of national parks solo but there were some tough moments. Just be persistent and lean on your relationships and things will get better. Good luck to you.

  • @evanwattles4357
    @evanwattles4357 3 года назад +112

    You sir are a great guy for making this information available and digestible for a beginner like myself. Since I was honorably discharged from the Marines in 2012 as a Sergent I've been working for companies in the construction field and been making them rich and when I started to make something for myself I got sabotaged, and misguided so I could keep running their business And now I've stumbled across your channel and I'm hopeful for the first time that starting my own business is now going to be my biggest challenge since Afghanistan and I cannot failure. So thank you once again for starting me off .

    • @Snailmailtrucker
      @Snailmailtrucker 2 года назад +5

      Thank you for your service to OUR Country Evan !

    • @llIMatt
      @llIMatt 2 года назад +2

      How’s it going?

    • @fuqutube
      @fuqutube Год назад

      cringe.. nobody cares

  • @globalnews4975
    @globalnews4975 2 года назад +93

    1. Check If Name Is Available 2:25 - 3:31
    2. Register Name 3:31 - 4:28
    3. Open Business Bank Account 3:31 - 5:30
    4. Incorporate Your Businesses 5:30 - 6:01
    5. Check If You Need Special Business License. 6:01 - 7:06
    6. Create Different Types Of Contracts 7:06 - 7:53
    7. Get Insurance 7:53 - 9:18
    8. Hire People To Help Stay Professional 9:13 - 10:08

  • @alexeldemar3625
    @alexeldemar3625 Год назад +2

    4 years later. 1 minute in and everything is music to my ears. I greatly appreciate your advice and will for sure be watching more of your videos

  • @BayMacDre415
    @BayMacDre415 4 года назад +9

    One of the best videos I've found on the matter. Most of the stuff you find about "how to start a business" is just motivational junk and generalizations... what I needed was "How do I report my earnings at the end of the year, who do the purchase orders get paid to, where do I register a business entity within my state?"
    These were all questions answered or touched upon in the video. Thanks a ton, subscribed +1... and at least 5 views per vid, +1 like on all!

  • @AnitaBonita46
    @AnitaBonita46 3 года назад +3

    Starting a Virtual Assistant business at home in Florida. Office Admin and Legal Assistant for more then 25 years. This is GREAT information TY👍

  • @chrissmith7364
    @chrissmith7364 4 года назад +241

    Thanks for all the free information and good advice, I really appreciate it.

  • @yoshilljuae4613
    @yoshilljuae4613 5 лет назад +119

    Thank you so bleeping much. When I search steps for starting a business, I view adds that want to sell me services I know I don't need when beginning a tiny business.

  • @TheFreedomStrategy
    @TheFreedomStrategy 4 года назад +17

    I love that you mention going to the Sec of State page! So many people fail to do this and it bites them in the butt! Lots of great info here!

  • @micahsmith774
    @micahsmith774 5 лет назад +63

    You just got a sub. Actual relevant information to people trying to start a business.

    • @BayMacDre415
      @BayMacDre415 4 года назад +2

      agreed 100%. All the other stuff I can seem to find is just how to be a better salesman or how to find confidence in oneself. Like THAT helps!

  • @agnesagyiri3078
    @agnesagyiri3078 4 года назад +46

    I'm starting my own business at 11 thx this helped a lot

    • @sythe3858
      @sythe3858 4 года назад +5

      Good luck!

    • @NitroFlux07
      @NitroFlux07 3 года назад +1

      I’m trying to start one too. I’m turning my perler bead hobby into a business. Good luck on yours. 👍🙂

    • @meowdarling95
      @meowdarling95 3 года назад

      no way
      wish I knew back then lol cool

    • @iReqenYT
      @iReqenYT 3 года назад

      @@meowdarling95 when will you know to not reply to a 10 months (inactive for 7 months) comment?????????????

    • @ASMRyouVEGANyet
      @ASMRyouVEGANyet 2 дня назад

      11 o'clock or 11 years old

  • @thelasttaco8386
    @thelasttaco8386 4 года назад +11

    Yo this was very helpful, I am about to start/thinking about a painting company here in NC and I thought it would be simple but the more I dig into it. The more stuff i uncover that i need to do its overwhelming

  • @Cookiemanscity
    @Cookiemanscity 3 года назад +43

    Great video I’m a high school drop out Ex con. I’m been running a business for 4yrs. I just been running. It’s starting to get out of hand in desperate need of help. Got to get the legal stuff done first. Thanks👊🏼

    • @ChaosIsHere
      @ChaosIsHere Год назад +2

      how do you register a name?

    • @diinferi7485
      @diinferi7485 7 месяцев назад

      @@ChaosIsHere Why did you ask everyone that? He literally said it depends on where you are at in the process and your state. If you are just starting out, you'd want to file an intent-to-use. From there, you will need register that name with your state once you are ready to ingest work to make money through your business. This goes into the required licensures, etc. needed to proceed to the next steps in the process. Where I am, in order to establish a LLC you have to submit a Certificate of Formation, etc.
      A quick Google search for that state's requirements for registering a name and officially starting your business is easy to find.

  • @franciscaborja587
    @franciscaborja587 Год назад

    We have an accountant and my husband and I just had her help us start our business and to help get a license.. we will be first time construction business owners 🎉🎉🎉 so excited

    • @balex556
      @balex556 Год назад

      Am happy for you guys but well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services

  • @tjay-gs2up
    @tjay-gs2up Год назад +2

    My supervisor is looking at me as your having a coffee break 😮😅😅😅😂

  • @jessicarenee7859
    @jessicarenee7859 4 года назад +7

    Thank you! I've always wanted to start a small business, just didn't know how to go about it.

  • @wnter2341
    @wnter2341 4 года назад +14

    I’m in 5th grade and I want to begin my future and this helped

    • @ThePurpleBallad
      @ThePurpleBallad 4 года назад +2

      wnter
      lol I’m in 6th and I’m making a business to sell clothing so I understand you 😂

    • @xandracastro3104
      @xandracastro3104 4 года назад

      Dang I thought I was the only kid thinking about their future I’m in 6th grade

    • @wnter2341
      @wnter2341 4 года назад +1

      Dam there are a ton of kids who want to start a buisness

    • @xandracastro3104
      @xandracastro3104 4 года назад

      Lol

    • @trino5184
      @trino5184 4 года назад

      wnter me to I’m 5

  • @ExtremelyRadiant
    @ExtremelyRadiant 7 месяцев назад +1

    Thank you! I have my LLC, but I am trying to decide if I need a Business Plan or not. This was very helpful, especially, about checking with my State and City regulations for my new home based business. :)

  • @flores4725
    @flores4725 Год назад +3

    For those starting a business can you please explain deeper on how to get payroll, workers comp and all of that, pay taxes what to claim for deductions. It's so confusing. I' appreciate it.
    I just subscribed ☺️

    • @jimhart
      @jimhart  Год назад

      hawthornlaw.net/payroll - they will take care of it all (affiliate link)

  • @AndresTheDesigner
    @AndresTheDesigner 4 года назад +32

    Love your content! Quick question though...Can I personally loan money to my LLC (since they're separate entities)? This is so I can pay myself back (tax-free) once the business makes some revenue.

  • @Letta0725
    @Letta0725 4 года назад +10

    Hello sir, I ran across your channel because I am trying to start my own store. I have just subscribed to your channel, you are so informative. I have alot of questions but I will watch all of your other videos first just in case you already spoke on it. Thank you for taking the time to educate us 😊

  • @christinemohamed4034
    @christinemohamed4034 2 года назад +1

    Thank you. This was so helpful. Better than other videos I have watched.

    • @jimhart
      @jimhart  2 года назад

      Thank you for your kind words!

    • @christinemohamed4034
      @christinemohamed4034 2 года назад

      @@jimhart thank you for making the process less scary!!!

  • @alexbrown4040
    @alexbrown4040 4 месяца назад +1

    Thanks this was one of the most helpful videos with the most direct answers to my questions I had about starting a business the right way

    • @jimhart
      @jimhart  4 месяца назад

      Great to hear! You are very welcome!

  • @dustinperdue1830
    @dustinperdue1830 4 года назад +38

    As soon as I saw "Jab Jab Jab, right hook" on the shelf, I thought, "okay, I can trust this guy". Lol

  • @GrantFoxOfficial
    @GrantFoxOfficial 3 года назад +189

    very good stuff. Im trying to start my own instructing firearms. Thanks

    • @ReadyorNah
      @ReadyorNah 3 года назад +2

      Good luck!

    • @thejoxter6315
      @thejoxter6315 3 года назад +3

      Can kids 4+ participate? If not then my kids not driving to your class

    • @aziath7151
      @aziath7151 3 года назад +22

      @@thejoxter6315 bro who gives a fuck if your kids can participate or not

    • @BadForYourKidneys
      @BadForYourKidneys 3 года назад +7

      @@aziath7151 💀💀

    • @bobbyhurley4869
      @bobbyhurley4869 3 года назад

      U got have liscence or something firearms

  • @Axel.Woodward
    @Axel.Woodward 7 месяцев назад +1

    This was a video i needed; amazing at explaining. You gave me some structure as i feel lost with starting a home based business. Thank you so much!

    • @jimhart
      @jimhart  5 месяцев назад

      Glad it was helpful!

  • @alosaily1
    @alosaily1 2 года назад +1

    Thank you Mr. Hart. You are amazing.

  • @CatSauceEntertainment
    @CatSauceEntertainment 3 года назад +11

    Damn now I gotta start over and postpone my launch. Thank you

  • @Justjkeys
    @Justjkeys 4 года назад +58

    I’m in 7th grade tryna start a business for when I get older I plan to be wealthy but I suck in school so I need a way where I won’t have to go to school or don’t have to be smart in school but smart in the head so ima try to start a business and be rich 👍

    • @elonipuppy524
      @elonipuppy524 4 года назад +13

      please no,

    • @Justjkeys
      @Justjkeys 4 года назад +3

      eloni puppy wym I need to get the hell outta school

    • @pizzapizza2225
      @pizzapizza2225 4 года назад +13

      Read a lot of books, time is your current ally but not your comfort. I recommend starting with “rich dad poor kid” and going from there

    • @PossibleTango
      @PossibleTango 4 года назад +16

      You'll want to discipline yourself. Do all your school work as one means of becoming disciplined. You have no reason to be wanting to get out of school. With a business you'll be having to do tons of things that you won't want to do. Practice before you start.

    • @jimhart
      @jimhart  4 года назад +47

      You are in 7th grade and have your whole life to start a business. Work hard, do your schoolwork, and prepare yourself for after you graduate.

  • @libert11347
    @libert11347 3 года назад +2

    Wow! I’m glad I picked your video over the one that had the fancy thumbnail!
    I’ve watched so many videos on this subject and this is the best one!

    • @jimhart
      @jimhart  3 года назад +1

      Glad it was helpful!

  • @TheeHerbJunkie
    @TheeHerbJunkie 2 месяца назад +1

    Very informative. Thanks

  • @2GunWick
    @2GunWick 4 года назад +23

    JIM! You Are THE MAN
    Quick Question!!! For What Reason would you tell The Bank your opening a sole proprietorship ?

    • @jessicagordon8677
      @jessicagordon8677 4 года назад +4

      So you don't need to provide your business tax ID. You can start the account with your social.

    • @matt7869
      @matt7869 3 года назад +1

      @Austin Sauter stfu

  • @MyChannel-911
    @MyChannel-911 8 дней назад +1

    Amazing advise. Thank you so much🙏🏼

    • @jimhart
      @jimhart  6 дней назад +1

      You are so welcome!

  • @cplisi
    @cplisi 6 месяцев назад +1

    Great video, Jim! I am using this information to start my business!

    • @jimhart
      @jimhart  5 месяцев назад

      Glad it was helpful!

  • @YummyBitesTV
    @YummyBitesTV 3 года назад +69

    This is great information thank you so much!!

  • @jysikahill5803
    @jysikahill5803 4 года назад +19

    I'm gonna be on your channel for a while. The legal part has been the most confusing to understand and you explain so well. Thanks!

  • @MexLatinFoodplusArtConsultant
    @MexLatinFoodplusArtConsultant 4 года назад +1

    Watching it over and over

  • @DOCM-yw3od
    @DOCM-yw3od 3 года назад

    7 years from now im going to be glad i saw this vid......TYVM....

  • @kyrasmith5554
    @kyrasmith5554 5 лет назад +52

    I only counted 7. Name, Bank Account, Incorporate, License, Contracts, Insurance, Team. What did I miss?

  • @sherriejordan8595
    @sherriejordan8595 4 года назад +5

    Thank you for this informative video but this left me feeling overwhelmed. I only had considered the creative side of starting my business so I wanted to get an outline of the business side. This sounds like it comes down to money makes money. Fortunately with so much information out there today I believe that there are ways to start with almost nothing and build.

  • @ekolsnd6871
    @ekolsnd6871 4 года назад +1

    Ive been going through each video carefully for about a month now thanks man

  • @geoffreyk6229
    @geoffreyk6229 Год назад

    Great guy inspiring others. Gotta come back to this...

  • @vondarichardson865
    @vondarichardson865 4 года назад +5

    Thank you so much, I really appreciate. I have a product I believe it, but the legal aspects of this has me biting my nails.

  • @zer0coolninja887
    @zer0coolninja887 4 года назад +7

    This guy is straight 🔥🔥🔥

  • @bryce_5280
    @bryce_5280 4 года назад +2

    Love the fact that you have "Jab Jab Jab Right Hook" on the shelf behind you. Gary V's content is what made me decide to start my business

  • @arneophyte3672
    @arneophyte3672 8 месяцев назад

    SUPER HELPFUL. I mean this sincerely, I came out of this with new questions I didn't anticipate. I'll continue watching

  • @jt7559
    @jt7559 4 года назад +3

    I knew I was going to like you when you added the piece about buying a Keurig on black Friday! =)

  • @mackenziewillard9273
    @mackenziewillard9273 3 года назад +3

    I've watched your video over and over and each time it's like I catch something new. I plan to start a virtual paralegal business and I can't thank you enough in helping me get one step closer to reaching my goal.

  • @shhhhsecrethaha
    @shhhhsecrethaha 9 месяцев назад

    I'm listening to this video while at work. I love my job but I love money more. Haha great video thank you

  • @truckingtrapperuniversitya4989
    @truckingtrapperuniversitya4989 2 года назад

    This guy is the best he is honest and straight to the point

  • @cheyennereynoso4116
    @cheyennereynoso4116 3 года назад +3

    Great video! I’ll be doing work in the NC / TN border area when I finally start my roofing company. Great advice; it should pertain to my own business quite well. Thanks!

  • @zaycation8584
    @zaycation8584 4 года назад +33

    I'm tired of working for people, I have over 20,000 saved up, is that enough to begin a business?

    • @jessicagordon8677
      @jessicagordon8677 4 года назад +10

      Depends on the business, but yes. That is enough to start.

    • @adminmobile6975
      @adminmobile6975 4 года назад +11

      Get off of that 9-5

    • @Jo-ke6pj
      @Jo-ke6pj 4 года назад +4

      You can get a business loan

    • @edwardjames5156
      @edwardjames5156 3 года назад +4

      Vending machine is really a good investment to make. People who are novice entrepreneur are investing on vending machines as they are profitable and they do not require too much of maintenance

    • @zaycation8584
      @zaycation8584 3 года назад

      @@edwardjames5156i was thinking about buying a few atm machines

  • @edgarrodriguez5913
    @edgarrodriguez5913 3 года назад

    I'm trying to start my own company and I'm glad I watched this video because I didn't have any idea how to start my company thanks b much

  • @tiffanylauraphoto
    @tiffanylauraphoto 4 года назад +1

    Your channel is what I’ve been looking for for MONTHS thank you

  • @jessicaperez5980
    @jessicaperez5980 4 года назад +3

    I appreciate you! Thank you for creating this channel!!! 😁

  • @adiemuller9486
    @adiemuller9486 5 лет назад +10

    Thank you for the video! This is very helpful and I'm feeling more inspired and a little less overwhelmed! :)

  • @monicamargaritis8134
    @monicamargaritis8134 3 года назад +2

    Great advice! Great personality! Great energy! Please lower the volume of the music when you’re speaking. I’d prefer to concentrate on the information you’re providing. Thank you.

  • @GooberGalactic
    @GooberGalactic 3 года назад

    Harrison Ford spittin facts this morning for me.

  • @tandoorchats
    @tandoorchats 5 лет назад +8

    Thank you for doing all this for us.... very informative

    • @z.static887
      @z.static887 4 года назад

      Michael Jackson is a legend

  • @robertpalmercoaching
    @robertpalmercoaching 5 лет назад +14

    I wish you would provide the 8 steps first and then explain them. Your information needs to be better organized so its more clear because of all the details. Very helpful info btw.

    • @jimhart
      @jimhart  5 лет назад +3

      Thank you for the suggestions. As the channel grows and matured I’m starting to script out the videos more so you should see some improvement in the coming weeks!

  • @Queenstarfirewolf
    @Queenstarfirewolf Год назад

    Thank you for the knowledge and the tips that you have given me and thank you for your channel many blessings today. Thank you again.

  • @elsonmartinez4025
    @elsonmartinez4025 Год назад +1

    Thank you. I am blessed to have watched your video. I am hoping to learn how to start a business properly, legally and honestly! I liked and subscribed I hope you are the kind of person who Wants to see others flourish like a parent to their child kind of hope!

    • @balex556
      @balex556 Год назад

      well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services

  • @mauricewilliams1216
    @mauricewilliams1216 5 лет назад +8

    This is must know information!!!!!! Thank you 🙏

    • @jimhart
      @jimhart  5 лет назад +1

      You are very welcome Maurice!

  • @JassarDev
    @JassarDev 4 года назад +37

    The music! It HURTS!!
    Thanks for the info though

  • @Liz.Crookes
    @Liz.Crookes 3 года назад +1

    Thanks for all this info. One comment- the music was too loud for me, towards the end it was very overwhelming and I couldnt finish your video. Just food for thought for next time- cut the music volume to like half of your voice volume :)

  • @MisterTDiSalvo187
    @MisterTDiSalvo187 Год назад +2

    Informative.. Direct and to the point. No fluff. Great video

  • @Itstheteasir
    @Itstheteasir 5 лет назад +8

    Thank you so much for this information! You are so incredibly helpful. Ive been confiding in a coworker who's working for a law firm and is soon attending law school. She been super helpful as well, but not nearly as helpful as your channel. Thank you!

  • @warriorkelly
    @warriorkelly 4 года назад +5

    I really love all your vids... one gripe though Haha you always say that you're going to post links to other videos you've made in the below. But They are never there!

    • @jimhart
      @jimhart  4 года назад +5

      Thanks for that comment - I changed some descriptions after the fact and this is an older video. I’ll try to be conscious of that going forward!

    • @warriorkelly
      @warriorkelly 4 года назад +3

      @@jimhart hey no worries! I appreciate you!

  • @PeaceChanel
    @PeaceChanel 3 года назад +1

    Peace… Shalom… Salam... Namaste and Thank You Everybody for All that you are doing to Heal our Mother Earth 🙏🏻 😊 🌈 ✌ 🌷 ❤

  • @eng.knowledgeseeker
    @eng.knowledgeseeker 2 года назад

    I'm Establishing my Own General Trading and Construction Company Ltd,This is my sole target ,That's my mission in life .

  • @Sandy_Horror1
    @Sandy_Horror1 5 лет назад +6

    That was awesome! Thanks so much for the tips!

  • @michaelwayne7157
    @michaelwayne7157 5 лет назад +3

    straight and to the point. very good info

    • @jimhart
      @jimhart  5 лет назад

      Glad you found it helpful!

  • @eccentrificalchris2706
    @eccentrificalchris2706 3 года назад

    You said exactly what I needed to hear to keep me interested in the first 1:40 to keep me interested

  • @ashlandbrooks8140
    @ashlandbrooks8140 4 года назад +4

    This is really helpful cuz I am completely lost in the legality of starting a business, I'm hoping I have an online business up and running by mid May. I already have a separate bank account so now I just have to get the branding taken care of.

    • @onusai
      @onusai 4 года назад

      how are you doing?

  • @sumralltt
    @sumralltt 2 года назад +3

    Good information - I would recommend removing the background music.

  • @onlyquedior
    @onlyquedior 4 года назад +3

    This is really good ❤️ I love the advice thank you soooo much!! I appreciate ❤️

  • @twokind7801
    @twokind7801 4 года назад +1

    Jim bro I really appreciate you live well

  • @businessmanmoe5618
    @businessmanmoe5618 4 года назад +1

    Watching this as a 17 year old , thanks !

  • @kimberlygiles7525
    @kimberlygiles7525 4 года назад +8

    Hello, I wanted to ask you a question. Do you need a zoning permit to sell homemade products online from home? I don’t see anyone mentioning they have one, so I would really like to know. Thank you!

    • @adamplummer2190
      @adamplummer2190 3 года назад +2

      I think this is location specific and would consult a local lawyer. I rent a condo and the association allows me to work from home, but can't use my home as a business. The big tip is if you have anyone over or if you have packages in/out constantly. If you use an off-site storage and drop your packages off, no one would know anyways.

    • @kimberlygiles7525
      @kimberlygiles7525 3 года назад

      @@adamplummer2190 Thank you very much for your response, that is very helpful! 👍🏽

  • @scarletsilverflame1842
    @scarletsilverflame1842 3 года назад +3

    What's the benefit on starting out as a sole proprietorship DBA instead of going straight into an LLC? Wouldn't it be more cost effective to start off as an LLC?

    • @sabrinathomas4682
      @sabrinathomas4682 2 года назад

      My thoughts exactly!

    • @OmarLopez-kh3dx
      @OmarLopez-kh3dx 2 года назад +1

      I think as a sole proprietor, you claim full and sole responsibility of anything and everything pertaining to your business AND your personal assets, like house, vehicle, anything personal and of value to you, can be taken from you to compensate the person who sues you for damages and things like that. It's alot riskier. An LLC will place a barrier between the person suing you and your business. Anything personal of you is left out of it which is a good thing. I could be wrong, but I from what I've understood. An llc can be costly but what's a couple hundred dollars compared to thousands of dollars of your own personal values?

  • @douglasblackwood2280
    @douglasblackwood2280 Год назад +1

    Best free content ever.

  • @jenniferlorentz5602
    @jenniferlorentz5602 3 года назад

    This is the first video I’ve watched but it seems like it’s very helpful but the background music is very distracting an kinda loud at some points idk if that’s just on mine but just thought I’d put that out there. I can’t wait to check out your other videos

  • @waakkeuppp
    @waakkeuppp 4 года назад +3

    Do I need business insurance if I’m a freelance graphic designer who works from home?

  • @mrrobinson4852
    @mrrobinson4852 5 лет назад +5

    Thanks for the info! What about multiple businesses? Does it fall under the same LLC

    • @jimhart
      @jimhart  5 лет назад

      That depends on how you set it up. It’s possible.

  • @mymoonieyoutube6902
    @mymoonieyoutube6902 2 года назад +1

    Thank you very much for this helpful information

    • @jimhart
      @jimhart  2 года назад

      Glad it was helpful!

  • @wkrplivetv7165
    @wkrplivetv7165 8 месяцев назад +1

    This is very informative

  • @johanlopez167
    @johanlopez167 4 года назад +9

    great video, i currently just got into the 10th grade, and i’m very interested in starting a business and hoping i make profit with that specific business once i see i’m making profit and analyzing my number i want to start stocks/forex so i could keep increasing my numbers, my goal is to retire my parents so they wouldn’t have to worry about anything anymore and take them to a beautiful community, im 100% sure i want to do this i’ll be committed i’m willing to take risks and make mistakes as long as i know those mistakes will help me in the future by avoiding what i did wrong please if we can get in contact somehow i’ll love for you to help me out please and thank you 🙏

  • @terrancemell773
    @terrancemell773 5 лет назад +7

    First great job on all the videos. Secondly are there tax implications for using your Social Security to start your business bank account

    • @jimhart
      @jimhart  5 лет назад +1

      I'm not sure what you mean. You would still have to pay tax on your social security. But it is deposited, you can do whatever you want with it.

  • @m.c.degroffdavis9885
    @m.c.degroffdavis9885 2 года назад +1

    This is a great video. You do an excellent job of clearly outlining the steps for starting a business. You sound great for the first 2 minutes of the video; the background music that plays starting at about the 2:20 mark begins to compete with your message too much.

  • @ashleymcintosh1634
    @ashleymcintosh1634 Год назад +1

    Picking a name doesn’t sound stupid. And I love your personality you’re awesome

  • @ianschoenrock2285
    @ianschoenrock2285 5 лет назад +3

    Nice to see some Gary V on the Shelf. Great video!

  • @definitelynottheriddler
    @definitelynottheriddler 5 лет назад +3

    dude, you are awsome. thanks!

  • @EstelleCreativeDesigns
    @EstelleCreativeDesigns 2 месяца назад +1

    I disagree with getting a DBA before a LLC because it was a headache trying to get everything changed when I started building credit, nothing matched! I eventually had to get a new name!

    • @jimhart
      @jimhart  2 месяца назад

      You make a strong case for doing the LLC first. But in the future, feel free to reach out to a lawyer as we can help you through this without having to change your name.

    • @EstelleCreativeDesigns
      @EstelleCreativeDesigns 2 месяца назад

      @@jimhart Why would I do something so stupid and waste money paying a lawyer?

  • @Verisno1992
    @Verisno1992 3 года назад

    Oh awesome job its almost impossible to find out how to do the basics of a startup everyone immediately jumps to way past the startup and how to market which does not help you get the initial basic startup done good job and thank you

  • @divinafrancyne1322
    @divinafrancyne1322 3 года назад +6

    I'm in kindergarten I want to start my own business ..so now im here