LLC NOT REQUIRED (To Start Your Online Business)
HTML-код
- Опубликовано: 28 авг 2024
- Most people think you need to form an LLC immediately when you start your online business, while in fact there are many reasons why starting an LLC isn't necessarily the best choice when you are just getting started.
🎓 If you are interested in learning more about the small business legal toolkit I'm currently working on, click here: www.hawthornlaw...
Some of the links below are affiliate links. If you purchase through these links, it won’t cost you any additional cash, but it will help to support my channel. Thanks!
To start your own LLC, click here: hawthornlaw.net... (affiliate link)
**Or use our DIY service by clicking here: www.hawthornlaw...
Click here for an operating agreement template that you can use for your LLC: hawthornlaw.ne...
If you need to get a hold of me, you can schedule a call using this link: www.hawthornla...
*Unless you are a legal or private coaching client, I do NOT respond to emails or contact form submissions.*
To sign up with a payroll service I use and love, click here: hawthornlaw.net... (affiliate link)
Need more information on starting a business? Download our cheatsheet here: www.hawthornla...
Want the Ultimate Business Building Checklist? Click here: www.hawthornla...
✳️MAILING ADDRESS:✳️
James W. Hart
The Hart Law Firm, P.A.
1143-B Executive Circle
Cary, North Carolina 27511
The content of this RUclips channel is provided for informational purposes only and is not intended to constitute legal advice. You should not rely upon any information contained on this RUclips channel for legal advice. Viewing this RUclips channel is not intended to and shall not create an attorney-client relationship between you and James W. Hart or The Hart Law Firm, P.A. Messages or other forms of communication that you transmit to this RUclips channel will not create an attorney-client relationship and thus information contained in such communications may not be protected as privileged. Neither James W. Hart nor The Hart Law Firm, P.A. makes any representation, warranty, or guarantee about the accuracy of the information contained in this RUclips channel or in links to other RUclips channels or websites. This RUclips channel is provided "as is," does not represent that any outcome or result from viewing of this channel. Your use viewing of this RUclips channel is at your own risk. You enjoy this RUclips channel and its contents only for personal, non-commercial purposes. Neither James W. Hart, The Hart Law Firm, P.A., nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind.
Hawthorn Law® is a registered trademark of The Hart Law Firm, P.A.
© The Hart Law Firm, P.A. and James W. Hart, All rights reserved.
#LLC #legaltips #hawthornlaw
Your advice is very helpful. Thank you. Also, your dry humor tickles me to no end.
Starting a business feels like a legal nightmare, a little less scary with your video though!
You said it perfect
This came at the right time. Going through reddit is a bit overwhelming and you just simplified it without the headache. Thank you so much!
Thank you for the information!!! I was just online looking at for information about LLC but seeing all these regular people with no legal background telling me how to form an LLC. However, you just gave me great information on what I was thinking. LLC is expensive and I don't have the money right now!! Thank you for your help. I just subscribed to your channel!!
So basically right now, I need to work on building my brand and then applying for the LLC later? Thank you for this video!
Hi
Or you can be a sole proprietor
@@jadawatts5912 does a sole proprietor protect the same way as an llc?
@@ariela_ No it doesn’t
I did everything else first then I filed for my LLC. I agree, definitely avoid getting the LLC first. Great video :)
So get my business License 1st to secure my business name then get my llc ??
Deanna,
I have a DBA license but no website?. Did you do your website without an LLC?. Help
Finalllllyyyy!!!! Someone is clear!! Crystal clear!!!
I needed this advice. I'm in the midst of forming several lucrative online businesses. And I doubt that I'm at risk of being sued.
You’re awesome 😎 👏🏾 this is the 10th video I watched today of you. The information you provide for free is AMAZING AND PRICELESS! The world needs more people like you 💪🏾💯 So thank you dearly 🙏🏾
Your video was very helpful coming from a lawyer . Thank you so much . I want to start an online boutique and It’s hard to decide which would be better for me . But after watching this video I think sole proprietorship would be better cause I’m just starting . thank you again for your help !
So how do you have legal protection if you go that route? You'll be liable for all things if someone wants to sue, they can take your home, car, and business funding.
Jim: The 5- that's not 5 that's 10...
Me: ::Liked and subscribed::
What about to "protect your business name?" For example, if you create a business and then someone else sees it is doing well so they file it JUST to have your name. Sort of what happened with Orginal Ray's Pizza in New York and the other business "Famous Original Ray's." I think this also happened in Chicago with Uno's Pizza.
I wish he would answer this because I need to know to. Or do we just need a domain name? I’m just working online soooo I need to know
It happened to me. Protect your business name and hard work.
@@Ko-gr2gw how can you protect your business name
@@ariela_ invest in business lawyer. Or. File for llc and trademark.
As a fellow creator, at first, I was like wait what is happening. But it was actually very entertaining and informative.
Always form an LLC for real estate. Doing otherwise is like asking to get audited and sued.
you just won a new subscriber 🔥😎 thanks!!!
Haha, love your cat in background 😻!
Good advice. I decided to start my e-commerce business with a sole prop, to be transitioned to an llc when revenue increases.
Thank you. This information was very helpful..I didn’t know where to start. You clearly explained it
Glad it was helpful!
Man, I'm so glad I saw this. I sell on eBay and I heard we needed an LLC. I made NO profit and I'm not sure if I need to fill out that extra form on profit and loss.
Watching this video really felt like you were on a mission to film it to the end 😂But you did it so well done ahah. Thanks for all the advices, tehy are really helpfull!
I subscribed the second he started talking about people on youtube explaining LLC’s who have little experience in it. literally I’ve came across clickbait or information that just didn’t go in depth. This was helpful and realistic.
Thank you for the information. Coming from a lawyer makes it so much clear. Love the kiddi
Glad it was helpful!
Thank you for being blunt and actually trying to help people!
The most entertaining video about the most boring subject that I didn’t wanna research on lol thanks for making me learn something in the best way possible.
This video was more hilarious than most of the comedy centric vids i've seen. I assume it was intentional right? God I hope so lol. Very helpful to me as well!
Love your videos! I share them with a lot of my business friends. Thanks for putting in the effort!
You are very welcome! Thank you for sharing them!
Loved the different scenery & info! Lol! I’ll focus on building my brand and website and eventually get insurance. Yes so many ppl think they get LLC FOR TAX BENEFITS.
is there a way to take payments on your website without having an LLC?
Good advice. I like the way you did this video with the cuts. This one was pretty funny too 😀
Thank you Chris!
I appreciate the commitment to making this video happen no matter what 😂😂☺️ (also, hello kitty cat! 😸) Very valuable info! Many thanks 🙏🏽
This was great advice, thank you
Glad you enjoyed it!
This was funny and helpful. I enjoyed the differnt points [sets/change of clothes] of the day.. "life". Thank you for the information. Helped with alot of my questions for my accouting practice. Im definetly at risk.
wow I have seen many videos and nobody has covered those points its always how to cut corners. One of the things my dad always said was dont cut corners. he's painter. So thank you.
thank you so much. There just isnt any content out on youtube like this
I was waiting for him to say "here in my garage..." #knowledge
First, I want to say Thank You! for taking the time to guide all of us in legal matters. I have been involved in Network Marketing for a while making a decent income, should I form an LLC?
Isn't there a tax benefit to forming an LLC and getting taxed as an S corporation? If you're a sole proprietor you have to pay payroll tax on your entire income, but if you have an LLC taxed as an S Corp. you only pay payroll tax on the actual salary/pay from the LLC.
Lolol nice going through the day with you. Morning, afternoon, evening it seemed.. great information thanks. I will hold off on the LLC... Is it needed to open a business bank account though?
This guy is the best!!!! RESPECT
How would an author or artist protect their pen name from a being used by other people?
There's a good chance some might want to disconnect their work when it's something like art from their personal life but also protect their brand without revealing their name to the public.
Thanks!
No problem!
Thank you!!!!
You're welcome!
This was the longest shortest video that I've watched; but thank you for the good information. 😂😂
Great Video, along with most of the comments this really helped me out. First time business starter here.
This is exactly the info I was looking into!
Wow... I would see this video after forming an LLC 🙄 should I even renew it for this year?? I have an online jewelry store. 🤔
It really depends on your personal situation. Maybe I should do a follow up with reasons you SHOULD form an LLC?
thank you so much for breaking things down! I appreciate the advice and help!
Thank you. This was so helpful 😌
Great Information 👍. Just what I needed. Thanks...
Thanks Jim!
How about starting your online business as a hobby 🤔 and once you start making $10,000/month, then register it and form an LLC?
Yes, That’s how it suppose to be. 👏👏👏
Just came across your video. Does a hobby need an EIN or Business license? I am venturing into the event decorating business, what would you recommend I do? Thanks in advance.
I cannot thank you enough for this video. so informative but so funny! love the cat
Excellent Info! Thank You!
Thank you soooo much for making this video 🙌🏻
Thank you for this!!!
THANK YOU!!! You cleared up a lot of questioned i had
Thank you attorney for all the information.
I’m mostly concerned about setting up all my finances as a sole prop and it getting complicated once I switch to an LLC
Same
Thank you so much for this beneficial information.
Thank you!!! This video was very helpful!
If you are a sole propietor and your business is not hiring employees an EIN is not necessary for what I have read. But an EIN is necessary to open a business account, so in this case, were the money from the sales should be deposited?
thanks . i can relax until i get some money coming in.
But what if someone steals my logo? Or Business ideas?
Thank you so much !! I was just about to jump in and get one . I have a question and hoping you’d answer , i want to open my online business with my own unique swim designs should i get trademarks for protection?? How do i prevent someone from stealing my designs ??
but for foreigns people they should form an llc for their payments income like stripe and paypal.. :)
Starts at 2:15
I'm starting a business selling lipgloss, lashes and different cosmetics. I would like to start a website. I'm also in Pennsylvania do I really need an llc? I dont have any clients yet.
Next weeks video will address why you SHOULD start an LLC, so make sure to watch that one also.
@@jimhart Alright. I'll make sure I watch it. Thank you!
Omg I had the same question because I'm in the same place location and business wise.
@4:51 I think one of your clients just waked past hehe!
THANK YOU SO MUCH YOU SAID EXACTLY WHAT I'M DEALING WITH !LOL YOUR A LIFESAVER
Okay i don't need an LLC but what if I want to operate under a business/brand name? Should i trademark the name then?
What do you think about LLCs for Candle businesses?
Thanks! I wanted to start an online rental for bridal grown, but want to create a blog first on Instagram. Should I do a LLC? if not. What should I do? Should I just get a trademark protection for the blog/business name and EIN
Nadine Duncan how did you file your trademark? Any advice?
I want to manufacture a product at home. I made all the equipment and have a good product. What should I do ? Start off without out an llc. Or go with a llp? Plan on making money fast and selling everything and move on to the next thing . Confused. Please help
You're a Saint!
So......Im here in Colorado and ive sold.about $800 on ebay in the last few months. Whats the next step? Sole proprietorship?
Following, someone please answer this man
what i am afraid of is, Although I haven't started making money selling on Amazon yet, I am concerned for my personal assets (home owner, etc) as people are literally insane these days!. do you think I should still wait or??
Thank you for your help.
You’re funny. Following :) Thanks for the tips.
H Mr.Hardin you are doing great job..i have learn lots from your videos. And one thing i am sure about that i dont need to open an LLC for my online business but only one thing i want to make sure about that can a foreigner open sole proprietorship in US??
Do you need a LLC for a online vape business when located in Texas?
I recommend having an LLC for most small businesses.
Whats up! Huge fan of you and the videos! Just found you a few weeks ago.
Quick question......i just started selling thrift items online, I wanna do sole proprietorship. Do I need any licenses or anything you know of?
And do I just register as DBA and get a separate bank account?
Thanks!
Great info thanks!
My Small Business Development Center helped me set up my LLC at no charge.
Did they pay the filing fee as well?
@@jimhart No but it was only $99 when I filed in 2017 (in Ohio). But I definitely agree you don't need to do it in the beginning; I'd been in business (eCommerce) over a year before I filed.
BTW I find your videos very helpful. Thank you!
Great Video! Thanks
But what if I want to protect the creative name of my business. Or creative rights of my blog?
Trademark it?
Do you need an LLC to get a EIN number? And don’t you need a EIN number to open up a business bank account. Or could I just use a regular separate bank account for my business? And would that be efficient when tax season comes around?
No - you can get an EIN as a sole proprietor
Thank you for you info
Appreciate you but u just made me have so many more questions lol
Not "Who is this quack"...Jim, lmao
@Hawthorn Law, thanks so much for your videos they are so helpful.
I am about to start an ecommerce and would like to open a bank account only for my business. How can I please do so without an LLC? Please need an answer. Thank you
from watching his other videos, I believe you can register for a DBA and EIN and open a business bank account that way
love the cat lol. Thanks for the info
Do you have a Sole proprietor Video!!
Thank you for your advise
How do I know if I should do an LLC or nonprofit? I intend to make money from our new business but also donate a large amount to homeless shelters and hospitals...
🙏🏻🙂
Great advice.
Can we switch from sole proprietor to an LLC in the later stages of our business if we see that it can be beneficial?
Thank you and have a good 2021 everyone!
If I stay as a sole proprietorship, do I have to file quarterly taxes? I'm starting an online tshirt e-commerce store
Do you have to have an LLC to get tax exemptions for resale? Thank you
So my husband and I both want to start a new business. He wants to do computer consulting - not sure of the actual details cause I'm clueless about those things, and I want to start selling clothes online. He already has a name for himself so it shouldn't be a big deal. I on the other do not. Should we start an LLC together and then get our own EIN's or just use DBA's under the LLC? We want to make sure we do this right!
I'm assuming that this is also correct for a starting a business that isn't online? I am trying to start a side furniture building business that will be just myself and my wife as employees.
So get my business License 1st to secure my business name then get my llc ??
What about if I already formed LLC. Is it to late to go back? 😬