- published: 19 Aug 2014
- views: 127788
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For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC
Learn the advantages of forming an LLC and why it is a popular business entity for many entrepreneurs and small businesses. LLC.com has the information needed to make an informed decision on which business structure is best for you including; tax advantages, asset protection, enhanced credibility and much more.
One question that I get asked quite often, because it’s a really good question, is how the owner of a single-member LLC is supposed to pay him/herself. There are two possible answers to this question, depending on how the LLC is taxed.
Unless the LLC elects otherwise, a single-member LLC is considered a “disregarded entity” and all of the income to the LLC is treated as income to the business owner, and is all subject to self-employment tax. So basically, the owner of a single-member LLC can pay himself however and whenever he wants, keeping in mind a few important considerations:
1. Make sure you are prepared to pay taxes. Since the LLC is a disregarded entity, if the business earns $100k but you only “pay” yourself $50k, you are still going to be responsible for paying all of the taxes, including self-employment taxes, on the full $100k. (For simplicity’s sake, I am pretending there are no deductions or anything.) So you need to set aside enough money to make sure you can cover your taxes.
2. The business has to remain adequately capitalized. This means that you need to keep enough money in the business to cover all your overhead, debts, bills, salary for employees, etc. You should also leave some extra “padding” for possibly building up your business, purchasing equipment, and whatever else you may decide to do with your business.
In the books, any payments to yourself should be recorded as “Member Distribution” or “Member Withdrawal.”
If the LLC elects to be taxed as an S Corporation, on the other hand, you have to be paid a “reasonable” salary. Self-employment taxes will only be paid on that salary rather than on the full amount of profit the business earns. Any money that the business owner takes above that reasonable salary is considered a dividend and won’t be subject to self-employment taxes. To learn more about S Corporations, watch my earlier video What the Heck is an S Corporation at http://youtu.be/i5to7Da3wMw?list=UUNh7tqEn68tf0oOfq4NsFsg
If your LLC is not taxed as an S Corp, you don’t need to put yourself on payroll, since those member distributions aren’t treated as normal payroll. If your LLC is taxed as an S Corp, then the salary you earn can be part of your payroll, and any additional dividends will be separate from that.
Whether or not you elect to have your LLC taxed as an S Corp and how to handle and record the money that you pay yourself is an important conversation that should be had with your accountant, bookkeeper, & attorney. Doing it the “right” way can help minimize your tax liability and can make your life (and that of your accountant) much easier come tax time.
Contact Aiden: (720) 722-0639 and Aiden@AidenKramerLaw.com
Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com.
Thumbs up & subscribe if you want more AUIYB!
Follow Me!
IG: @allupinyobusiness
Twitter: @_AllUpInYoBiz
Snapchat: @AllUpInYoBiz
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by The Law Office of Aiden H. Kramer, LLC, with its principal office located at 6795 E. Tennessee Ave. Suite 635, Denver, CO 80224. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with The Law Office of Aiden H. Kramer, LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
All Up In Yo’ Business® is a registered trademark of The Law Office of Aiden H. Kramer, LLC.
© The Law Office of Aiden H. Kramer, LLC. All rights reserved.
- published: 04 Nov 2014
- views: 81406
www.llcwizard.com - Forming An LLC is simple when you know proper steps. I have outlined where to form your llc, when to form your llc and the benefits of forming an llc. Plus I show you where you can go to get a necessary llc operating agreement you need to form an LLC.
- published: 20 Dec 2011
- views: 49066
What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw
Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w
The three most common types of structures for a small business are the sole proprietor, LLC, and corporation. These are by no means the only options for business structure; there are many more options out there (e.g., general partnerships, limited partnerships, limited liability partnerships, cooperatives, non-profit corporations, etc.). But they are not nearly as common or popular as the sole proprietor, LLC and corporation. So I'm not going to talk about them here! :-)
If you are operating as a sole proprietor, this means that you have not really formed any legal structure of a business entity. If you are just an individual making income from providing services or selling products and you have not registered anything with your state, then you are already operating as a sole proprietor. If you are operating under a trade name (e.g., if I am operating a lawn mowing service under the name “Aiden’s Lawn Mowing Service,” that would be the trade name), then you should file a Statement of Trade Name with the Secretary of State in order to register the fact that you are operating under that trade name. However, just because you file your trade name does not mean that you are an LLC or any kind of entity; you are still just a sole proprietor.
The LLC is the most popular entity formation and that is because (in Colorado, at least) an LLC is inexpensive and relatively simple to start and run. To form an LLC, all you have to do is file Articles of Organization with the Secretary of State (or whatever agency operates business organizations in your state) and boom! you've got yourself an LLC. Of course, there are other things you need to do to make sure your LLC is going to protect you personally and to avoid piercing the corporate veil.
Similar to a sole proprietor, all of the income to the business is taxed as if it were personal income to the business owner.
Finally, the biggest difference between an LLC and sole proprietor is that an LLC does give you that liability protection. So, if there is a lawsuit, or if the LLC is subject to some liability, then you as the business owner should be personally protected and your personal assets would most likely be safe from those liabilities.
When I say "corporation" in this context, I am referring to a C-Corporation specifically. (I'm going to touch on the S-Corporation in just a minute.) The corporation is a little bit more complicated and expensive to set up, but there are some instances where it would be useful to have a corporation. First, it’s important to know that there are three groups of players in a corporation: Shareholders, Board of Directors, and Officers. Shareholders are basically the owners; they own shares of the corporation. The Board of Directors is responsible for making decisions about the operation of the corporation. And the Officers are generally those that are actually participating in the business and managing the business and all of its activities.
Despite these various players, a small business can still form as a corporation and the Shareholder, Board of Directors, and Officers can all be one person. In other words, one person can hold multiple positions within the corporation. So, it is still possible to have a corporation as a small business and solo business owner.
To create a corporation, you will need to file Articles of Incorporation with the Secretary of State. You will also need to write Bylaws, which are essentially the same as an Operating Agreement, but with regards to a corporation. The Bylaws say how the corporation is going to be run and managed and operated. If there are going to be multiple shareholders, then you will probably also want to have a Shareholder Agreement.
One of the biggest drawbacks of a corporation is that corporations are subject to double taxation. When money comes into the business it is taxed at the corporate rate as income to the corporation, then when money is distributed to the shareholders, it is taxed again as dividends to the shareholders.
Finally, just like an LLC, the corporation provides liability protection to the Shareholders, the Board of Directors, and the Officers in most instances. So if there is a lawsuit over the corporation or if the corporation has debts or liabilities, the Shareholders, Board of Directors, and Officers are most likely going to be protected personally from those liabilities.
Contact Aiden: (720) 722-0639 and aidenkramerlaw@gmail.com
Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com.
Thumbs up & subscribe if you want more AUIYB!
Follow Me!
IG: @allupinyobusiness
Twitter: @_AllUpInYoBiz
www.facebook.com/aidenhkramer
www.google.com/+aidenkramerlawAUIYB
www.pinterest.com/AUIYB
- published: 15 Mar 2015
- views: 39018
➡ Full cost breakdown: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/
✔
How much does it cost to form an LLC?
The cost of your LLC will depend on how you go about forming it. You have 4 options:
1. DIY/do it yourself = $0-$300
2. Hire a lawyer = $1,050-$2,100
3. Use an online incorporation website = $199-$1,100
4. Go through our free online course = $0
The reason for the sliding scale is whether or not you need to hire a Commercial Registered Agent.
You do not need hire a Commercial Registered Agent if:
A. You have a street address located in the state where you're forming your LLC.
B. A friend or family member has a street address located in the state where you're forming your LLC.
You'll only need to hire a Commercial Registered Agent if If you don't have a street address located in the state where you're forming your LLC.
/---------------------------------------/
No matter which route you go, make sure you get an Operating Agreement and obtain your EIN (Federal Tax ID Number) from the IRS.
And watch out for any of the following unnecessary items/upsells on many websites:
• forced Registered Agent fees
• hidden annual renewals (check the fine print)
• LLC kit & seal
• certified copies (rarely needed)
• free trials which convert to monthly fees
• LLC membership certificates (not needed as membership interest is controlled via your Operating Agreement)
• free domain names, website, logo, etc
For full details, check out this guide:
https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/
Ask any LLC question here and get a reply in a few hours:
https://www.llcuniversity.com/ask-llcu/
- published: 15 Apr 2016
- views: 2164
An LLC can choose how to be taxed based on what will be best for the company's bottom line. This choice needs to be made shortly (immediately) after you set up your LLC.
- published: 19 Jun 2014
- views: 30417
How to put property into a Limited Liability Company. More at http://www.llcwizard.com/effect-on-property-and-casualty-insurance-when-property-is-deeded-to-an-llc-or-corporation
- published: 18 Jul 2015
- views: 6138
▶▶ Learn more about LLCs: http://llcuniversity.com ◀◀
In this video, we explain:
- What is an LLC
- Why form an LLC?
- Protecting your personal assets
- Speaking the LLC language
- LLCs vs Corporations
[=================================]
-- WHAT IS AN LLC? --
LLC stands for Limited Liability Company. An LLC is a legal entity that protects your personal assets if your business is sued.
An LLC is a Limited Liability Company. It is a legal entity (business structure) that is created by state law.
An LLC can be used to run a business, or it can be used to hold assets (such as real estate, vehicles, boats, or aircraft).
LLC Owners Are Called "Members"
The owners of an LLC are called "members".
An LLC can be owned by one person (called a Single-Member LLC).
Or an LLC can be owned by two or more people (called a Multi-Member LLC).
The LLC is created by filing LLC Formation Documents with your State and paying the filing fee.
[=================================]
-- WHY FORM AN LLC? --
The #1 reason to form an LLC is for personal asset protection.
By forming an LLC you create a “protective wall” between your business and your personal assets.
Your personal assets include everything that you own: your home, cars, trucks, bank accounts, investment properties, boats, jewelry, etc.
-- AN ATTACK ON YOUR ASSETS --
If your LLC is sued, creditors can only attack the assets of your LLC to settle those business debts and liabilities.
Your personal assets are safe and secure.
They are not considered a part of the business.
Again, without forming an LLC, your personal assets are at risk if your business is sued.
[=================================]
-- SPEAKING THE LLC LANGUAGE --
There are two common mistakes people make when talking about LLCs.
"I want to form a Limited Liability Corporation."
You cannot form a Limited Liability Corporation. There is no such thing. An LLC is a Limited Liability Company.
Or “I’m going to LLC myself.”
Again, this is incorrect. You cannot do that. You can't "LLC yourself".
But, you can form an LLC for your business. An LLC is "separate and apart" from you. It is not you.
You form the LLC. Then you own and manage that LLC.
It's important that you understand the difference in these terms so you don't sound like an idiot and can speak intelligently about your business.
[=================================]
-- LLC vs CORPORATIONS - THE BASICS --
A lot of people ask us if they should form an LLC or form a Corporation.
Let's discuss the major differences.
LLCs don't have to elect a board of directors; Corporations do.
LLCs don't need to hold board meetings; Corporations do.
LLCs don't have to keep records of all their meetings; Corporations do.
LLCs are not subject to double taxation; Corporations are.
LLCs can distribute profits however they want; Corporations can't.
In short, LLCs are the most popular and the most flexible business structure for business owners, entrepreneurs and real estate investors.
LLCs are also inexpensive to setup. You'll pay a one-time filing fee to...
[=================================]
For the full article, please visit: http://llcuniversity.com
[=================================]
- published: 06 Nov 2015
- views: 2300
LLC
LLC may refer to:
Air transport
Computing
Other uses
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/LLC
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
Limited liability
Limited liability is where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership. If a company with limited liability is sued, then the plaintiffs are suing the company, not its owners or investors. A shareholder in a limited company is not personally liable for any of the debts of the company, other than for the value of their investment in that company. This usually takes the form of that person's dividends in the company being zero, since the company has no profits to allocate. The same is true for the members of a limited liability partnership and the limited partners in a limited partnership. By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business (unlimited liability).
Although a shareholder's liability for the company's actions is limited, the shareholders may still be liable for their own acts. For example, the directors of small companies (who are frequently also shareholders) are often required to give personal guarantees of the company's debts to those lending to the company. They will then be liable for those debts in the event that the company cannot pay, although the other shareholders will not be so liable. This is known as co-signing.
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/Limited_liability
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
The Law
The Law may refer to:
Music
Film
Books
Hills
Other uses
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/The_Law
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
Limited liability company
A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs do not need to be organized for profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a very similar entity called a professional limited liability company (PLLC).
Overview
A Limited Liability Company (LLC) is a hybrid business entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are). An LLC, although a business entity, is a type of unincorporated association and is not a corporation. The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. It is often more flexible than a corporation, and it is well-suited for companies with a single owner.
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/Limited_liability_company
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors. It may also be called "the executive board" and is often simply referred to as "the board".
A board's activities are determined by the powers, duties, and responsibilities delegated to it or conferred on it by an authority outside itself. These matters are typically detailed in the organization's bylaws. The bylaws commonly also specify the number of members of the board, how they are to be chosen, and when they are to meet. However, these bylaws rarely address a board's powers when faced with a corporate turnaround or restructuring, where board members need to act as agents of change in addition to their traditional fiduciary responsibilities.
In an organization with voting members, the board acts on behalf of, and is subordinate to, the organization's full group, which usually chooses the members of the board. In a stock corporation, the board is elected by the shareholders and is the highest authority in the management of the corporation. In a non-stock corporation with no general voting membership, the board is the supreme governing body of the institution; its members are sometimes chosen by the board itself.
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/Board_of_directors
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
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2:00What is a Limited Liability Company or LLC? - LLC.com
What is a Limited Liability Company or LLC? - LLC.comWhat is a Limited Liability Company or LLC? - LLC.com
For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC Learn the advantages of forming an LLC and why it is a popular business entity for many entrepreneurs and small businesses. LLC.com has the information needed to make an informed decision on which business structure is best for you including; tax advantages, asset protection, enhanced credibility and much more. -
8:49All Up In Yo' Business: How Do I Pay Myself in a Single-Member LLC?
All Up In Yo' Business: How Do I Pay Myself in a Single-Member LLC?All Up In Yo' Business: How Do I Pay Myself in a Single-Member LLC?
One question that I get asked quite often, because it’s a really good question, is how the owner of a single-member LLC is supposed to pay him/herself. There are two possible answers to this question, depending on how the LLC is taxed. Unless the LLC elects otherwise, a single-member LLC is considered a “disregarded entity” and all of the income to the LLC is treated as income to the business owner, and is all subject to self-employment tax. So basically, the owner of a single-member LLC can pay himself however and whenever he wants, keeping in mind a few important considerations: 1. Make sure you are prepared to pay taxes. Since the LLC is a disregarded entity, if the business earns $100k but you only “pay” yourself $50k, you are still going to be responsible for paying all of the taxes, including self-employment taxes, on the full $100k. (For simplicity’s sake, I am pretending there are no deductions or anything.) So you need to set aside enough money to make sure you can cover your taxes. 2. The business has to remain adequately capitalized. This means that you need to keep enough money in the business to cover all your overhead, debts, bills, salary for employees, etc. You should also leave some extra “padding” for possibly building up your business, purchasing equipment, and whatever else you may decide to do with your business. In the books, any payments to yourself should be recorded as “Member Distribution” or “Member Withdrawal.” If the LLC elects to be taxed as an S Corporation, on the other hand, you have to be paid a “reasonable” salary. Self-employment taxes will only be paid on that salary rather than on the full amount of profit the business earns. Any money that the business owner takes above that reasonable salary is considered a dividend and won’t be subject to self-employment taxes. To learn more about S Corporations, watch my earlier video What the Heck is an S Corporation at http://youtu.be/i5to7Da3wMw?list=UUNh7tqEn68tf0oOfq4NsFsg If your LLC is not taxed as an S Corp, you don’t need to put yourself on payroll, since those member distributions aren’t treated as normal payroll. If your LLC is taxed as an S Corp, then the salary you earn can be part of your payroll, and any additional dividends will be separate from that. Whether or not you elect to have your LLC taxed as an S Corp and how to handle and record the money that you pay yourself is an important conversation that should be had with your accountant, bookkeeper, & attorney. Doing it the “right” way can help minimize your tax liability and can make your life (and that of your accountant) much easier come tax time. Contact Aiden: (720) 722-0639 and Aiden@AidenKramerLaw.com Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com. Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz Snapchat: @AllUpInYoBiz www.facebook.com/aidenhkramer www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by The Law Office of Aiden H. Kramer, LLC, with its principal office located at 6795 E. Tennessee Ave. Suite 635, Denver, CO 80224. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with The Law Office of Aiden H. Kramer, LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of The Law Office of Aiden H. Kramer, LLC. © The Law Office of Aiden H. Kramer, LLC. All rights reserved. -
6:29How to Form An LLC
How to Form An LLC -
1:06:35Fat Cat Secrets How LLC's make you Bank- Stuff Your Lawyer Will Never Tell You
Fat Cat Secrets How LLC's make you Bank- Stuff Your Lawyer Will Never Tell YouFat Cat Secrets How LLC's make you Bank- Stuff Your Lawyer Will Never Tell You
TODAY'S SPECIAL 03/13/17 - The Never Broke Action Pack - http://bit.ly/neverbroke . get a $450 Coupon with this purchase! Hustler Kung Fu LIVE - http://eepurl.com/crnn_j Glendon Cameron ♛ Founder and Chief Kung Fu Developer -
5:22"My experience" Filing for LLC INC and EIN number
"My experience" Filing for LLC INC and EIN number -
8:44All Up In Yo' Business: Sole Proprietor, LLC, or Corporation?
All Up In Yo' Business: Sole Proprietor, LLC, or Corporation?All Up In Yo' Business: Sole Proprietor, LLC, or Corporation?
What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w The three most common types of structures for a small business are the sole proprietor, LLC, and corporation. These are by no means the only options for business structure; there are many more options out there (e.g., general partnerships, limited partnerships, limited liability partnerships, cooperatives, non-profit corporations, etc.). But they are not nearly as common or popular as the sole proprietor, LLC and corporation. So I'm not going to talk about them here! :-) If you are operating as a sole proprietor, this means that you have not really formed any legal structure of a business entity. If you are just an individual making income from providing services or selling products and you have not registered anything with your state, then you are already operating as a sole proprietor. If you are operating under a trade name (e.g., if I am operating a lawn mowing service under the name “Aiden’s Lawn Mowing Service,” that would be the trade name), then you should file a Statement of Trade Name with the Secretary of State in order to register the fact that you are operating under that trade name. However, just because you file your trade name does not mean that you are an LLC or any kind of entity; you are still just a sole proprietor. The LLC is the most popular entity formation and that is because (in Colorado, at least) an LLC is inexpensive and relatively simple to start and run. To form an LLC, all you have to do is file Articles of Organization with the Secretary of State (or whatever agency operates business organizations in your state) and boom! you've got yourself an LLC. Of course, there are other things you need to do to make sure your LLC is going to protect you personally and to avoid piercing the corporate veil. Similar to a sole proprietor, all of the income to the business is taxed as if it were personal income to the business owner. Finally, the biggest difference between an LLC and sole proprietor is that an LLC does give you that liability protection. So, if there is a lawsuit, or if the LLC is subject to some liability, then you as the business owner should be personally protected and your personal assets would most likely be safe from those liabilities. When I say "corporation" in this context, I am referring to a C-Corporation specifically. (I'm going to touch on the S-Corporation in just a minute.) The corporation is a little bit more complicated and expensive to set up, but there are some instances where it would be useful to have a corporation. First, it’s important to know that there are three groups of players in a corporation: Shareholders, Board of Directors, and Officers. Shareholders are basically the owners; they own shares of the corporation. The Board of Directors is responsible for making decisions about the operation of the corporation. And the Officers are generally those that are actually participating in the business and managing the business and all of its activities. Despite these various players, a small business can still form as a corporation and the Shareholder, Board of Directors, and Officers can all be one person. In other words, one person can hold multiple positions within the corporation. So, it is still possible to have a corporation as a small business and solo business owner. To create a corporation, you will need to file Articles of Incorporation with the Secretary of State. You will also need to write Bylaws, which are essentially the same as an Operating Agreement, but with regards to a corporation. The Bylaws say how the corporation is going to be run and managed and operated. If there are going to be multiple shareholders, then you will probably also want to have a Shareholder Agreement. One of the biggest drawbacks of a corporation is that corporations are subject to double taxation. When money comes into the business it is taxed at the corporate rate as income to the corporation, then when money is distributed to the shareholders, it is taxed again as dividends to the shareholders. Finally, just like an LLC, the corporation provides liability protection to the Shareholders, the Board of Directors, and the Officers in most instances. So if there is a lawsuit over the corporation or if the corporation has debts or liabilities, the Shareholders, Board of Directors, and Officers are most likely going to be protected personally from those liabilities. Contact Aiden: (720) 722-0639 and aidenkramerlaw@gmail.com Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com. Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/aidenhkramer www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB -
4:54How much does it cost to setup an LLC?
How much does it cost to setup an LLC?How much does it cost to setup an LLC?
➡ Full cost breakdown: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/ ✔ How much does it cost to form an LLC? The cost of your LLC will depend on how you go about forming it. You have 4 options: 1. DIY/do it yourself = $0-$300 2. Hire a lawyer = $1,050-$2,100 3. Use an online incorporation website = $199-$1,100 4. Go through our free online course = $0 The reason for the sliding scale is whether or not you need to hire a Commercial Registered Agent. You do not need hire a Commercial Registered Agent if: A. You have a street address located in the state where you're forming your LLC. B. A friend or family member has a street address located in the state where you're forming your LLC. You'll only need to hire a Commercial Registered Agent if If you don't have a street address located in the state where you're forming your LLC. /---------------------------------------/ No matter which route you go, make sure you get an Operating Agreement and obtain your EIN (Federal Tax ID Number) from the IRS. And watch out for any of the following unnecessary items/upsells on many websites: • forced Registered Agent fees • hidden annual renewals (check the fine print) • LLC kit & seal • certified copies (rarely needed) • free trials which convert to monthly fees • LLC membership certificates (not needed as membership interest is controlled via your Operating Agreement) • free domain names, website, logo, etc For full details, check out this guide: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/ Ask any LLC question here and get a reply in a few hours: https://www.llcuniversity.com/ask-llcu/ -
4:17Taxation of an LLC
Taxation of an LLCTaxation of an LLC
An LLC can choose how to be taxed based on what will be best for the company's bottom line. This choice needs to be made shortly (immediately) after you set up your LLC. -
4:50Putting Property Into an LLC
Putting Property Into an LLCPutting Property Into an LLC
How to put property into a Limited Liability Company. More at http://www.llcwizard.com/effect-on-property-and-casualty-insurance-when-property-is-deeded-to-an-llc-or-corporation -
3:58What is an LLC? - Form an LLC (1/11)
What is an LLC? - Form an LLC (1/11)What is an LLC? - Form an LLC (1/11)
▶▶ Learn more about LLCs: http://llcuniversity.com ◀◀ In this video, we explain: - What is an LLC - Why form an LLC? - Protecting your personal assets - Speaking the LLC language - LLCs vs Corporations [=================================] -- WHAT IS AN LLC? -- LLC stands for Limited Liability Company. An LLC is a legal entity that protects your personal assets if your business is sued. An LLC is a Limited Liability Company. It is a legal entity (business structure) that is created by state law. An LLC can be used to run a business, or it can be used to hold assets (such as real estate, vehicles, boats, or aircraft). LLC Owners Are Called "Members" The owners of an LLC are called "members". An LLC can be owned by one person (called a Single-Member LLC). Or an LLC can be owned by two or more people (called a Multi-Member LLC). The LLC is created by filing LLC Formation Documents with your State and paying the filing fee. [=================================] -- WHY FORM AN LLC? -- The #1 reason to form an LLC is for personal asset protection. By forming an LLC you create a “protective wall” between your business and your personal assets. Your personal assets include everything that you own: your home, cars, trucks, bank accounts, investment properties, boats, jewelry, etc. -- AN ATTACK ON YOUR ASSETS -- If your LLC is sued, creditors can only attack the assets of your LLC to settle those business debts and liabilities. Your personal assets are safe and secure. They are not considered a part of the business. Again, without forming an LLC, your personal assets are at risk if your business is sued. [=================================] -- SPEAKING THE LLC LANGUAGE -- There are two common mistakes people make when talking about LLCs. "I want to form a Limited Liability Corporation." You cannot form a Limited Liability Corporation. There is no such thing. An LLC is a Limited Liability Company. Or “I’m going to LLC myself.” Again, this is incorrect. You cannot do that. You can't "LLC yourself". But, you can form an LLC for your business. An LLC is "separate and apart" from you. It is not you. You form the LLC. Then you own and manage that LLC. It's important that you understand the difference in these terms so you don't sound like an idiot and can speak intelligently about your business. [=================================] -- LLC vs CORPORATIONS - THE BASICS -- A lot of people ask us if they should form an LLC or form a Corporation. Let's discuss the major differences. LLCs don't have to elect a board of directors; Corporations do. LLCs don't need to hold board meetings; Corporations do. LLCs don't have to keep records of all their meetings; Corporations do. LLCs are not subject to double taxation; Corporations are. LLCs can distribute profits however they want; Corporations can't. In short, LLCs are the most popular and the most flexible business structure for business owners, entrepreneurs and real estate investors. LLCs are also inexpensive to setup. You'll pay a one-time filing fee to... [=================================] For the full article, please visit: http://llcuniversity.com [=================================]
'Llc' is featured as a movie character in the following productions:
Rocket's Red Glare (2000)
Actors: Mike Elliott (producer), Marilu Henner (actress), Bill Timoney (actor), Bernard Gribble (editor), Sharon Cingle (miscellaneous crew), Amy Goldberg (producer), Matt Winston (actor), Robert Wagner (actor), Lance H. Robbins (producer), Frederick Coffin (actor), Clayton Landey (actor), John Finn (actor), Ryan Merriman (actor), Joseph P. Genier (producer), David A. Hoffman (miscellaneous crew),
Plot: A troubled 17-year-old Todd Baker restores a Mercury Redstone rocket as a science project with the help of his ex-astronaut grandfather. When a NASA emergency leaves a space shuttle and its crew in danger, Todd's rocket is the only one ready for immediate launch.
Keywords: astronaut, california, death-of-father, grandfather, grandfather-grandson-relationship, high-school, loss-of-father, meteor-shower, meteorite, mother-son-relationshipGenres: Family,
Taglines: He built a rocket to honor his father, he never counted on becoming a hero.
-
What is a Limited Liability Company or LLC? - LLC.com
For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC Learn the advantages of forming an LLC and why it is a popular business entity for many entrepreneurs and small businesses. LLC.com has the information needed to make an informed decision on which business structure is best for you including; tax advantages, asset protection, enhanced credibility and much more.
published: 19 Aug 2014 -
All Up In Yo' Business: How Do I Pay Myself in a Single-Member LLC?
One question that I get asked quite often, because it’s a really good question, is how the owner of a single-member LLC is supposed to pay him/herself. There are two possible answers to this question, depending on how the LLC is taxed. Unless the LLC elects otherwise, a single-member LLC is considered a “disregarded entity” and all of the income to the LLC is treated as income to the business owner, and is all subject to self-employment tax. So basically, the owner of a single-member LLC can pay himself however and whenever he wants, keeping in mind a few important considerations: 1. Make sure you are prepared to pay taxes. Since the LLC is a disregarded entity, if the business earns $100k but you only “pay” yourself $50k, you are still going to be responsible for paying all of the taxes...
published: 04 Nov 2014 -
How to Form An LLC
www.llcwizard.com - Forming An LLC is simple when you know proper steps. I have outlined where to form your llc, when to form your llc and the benefits of forming an llc. Plus I show you where you can go to get a necessary llc operating agreement you need to form an LLC.
published: 20 Dec 2011 -
Fat Cat Secrets How LLC's make you Bank- Stuff Your Lawyer Will Never Tell You
TODAY'S SPECIAL 03/13/17 - The Never Broke Action Pack - http://bit.ly/neverbroke . get a $450 Coupon with this purchase! Hustler Kung Fu LIVE - http://eepurl.com/crnn_j Glendon Cameron ♛ Founder and Chief Kung Fu Developer
published: 02 Dec 2016 -
-
All Up In Yo' Business: Sole Proprietor, LLC, or Corporation?
What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w The three most common types of structures for a small business are the sole proprietor, LLC, and corporation. These are by no means the only options for business structure; there are many more options out there (e.g., general partnerships, limited partnerships, limited liability partnerships, cooperatives, non-profit corporations, etc.). But they are not nearly as common or popular as the sole proprietor, LLC and corporation. So I'm not going to talk about them here! :-) If you are operating as a sole proprietor, this means that you have not really formed any legal structure of a business entity. If you are just an individual making income from providing service...
published: 15 Mar 2015 -
How much does it cost to setup an LLC?
➡ Full cost breakdown: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/ ✔ How much does it cost to form an LLC? The cost of your LLC will depend on how you go about forming it. You have 4 options: 1. DIY/do it yourself = $0-$300 2. Hire a lawyer = $1,050-$2,100 3. Use an online incorporation website = $199-$1,100 4. Go through our free online course = $0 The reason for the sliding scale is whether or not you need to hire a Commercial Registered Agent. You do not need hire a Commercial Registered Agent if: A. You have a street address located in the state where you're forming your LLC. B. A friend or family member has a street address located in the state where you're forming your LLC. You'll only need to hire a Commercial Registered Agent if If you don't have a ...
published: 15 Apr 2016 -
Taxation of an LLC
An LLC can choose how to be taxed based on what will be best for the company's bottom line. This choice needs to be made shortly (immediately) after you set up your LLC.
published: 19 Jun 2014 -
Putting Property Into an LLC
How to put property into a Limited Liability Company. More at http://www.llcwizard.com/effect-on-property-and-casualty-insurance-when-property-is-deeded-to-an-llc-or-corporation
published: 18 Jul 2015 -
What is an LLC? - Form an LLC (1/11)
▶▶ Learn more about LLCs: http://llcuniversity.com ◀◀ In this video, we explain: - What is an LLC - Why form an LLC? - Protecting your personal assets - Speaking the LLC language - LLCs vs Corporations [=================================] -- WHAT IS AN LLC? -- LLC stands for Limited Liability Company. An LLC is a legal entity that protects your personal assets if your business is sued. An LLC is a Limited Liability Company. It is a legal entity (business structure) that is created by state law. An LLC can be used to run a business, or it can be used to hold assets (such as real estate, vehicles, boats, or aircraft). LLC Owners Are Called "Members" The owners of an LLC are called "members". An LLC can be owned by one person (called a Single-Member LLC). Or an LLC can be owned by t...
published: 06 Nov 2015
What is a Limited Liability Company or LLC? - LLC.com
- Order: Reorder
- Duration: 2:00
- Updated: 19 Aug 2014
- views: 127788
For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC
Learn the advantages of forming an LLC ...
For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC
Learn the advantages of forming an LLC and why it is a popular business entity for many entrepreneurs and small businesses. LLC.com has the information needed to make an informed decision on which business structure is best for you including; tax advantages, asset protection, enhanced credibility and much more.
https://wn.com/What_Is_A_Limited_Liability_Company_Or_Llc_Llc.Com
For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC
Learn the advantages of forming an LLC and why it is a popular business entity for many entrepreneurs and small businesses. LLC.com has the information needed to make an informed decision on which business structure is best for you including; tax advantages, asset protection, enhanced credibility and much more.
- published: 19 Aug 2014
- views: 127788
All Up In Yo' Business: How Do I Pay Myself in a Single-Member LLC?
- Order: Reorder
- Duration: 8:49
- Updated: 04 Nov 2014
- views: 81406
One question that I get asked quite often, because it’s a really good question, is how the owner of a single-member LLC is supposed to pay him/herself. There ar...
One question that I get asked quite often, because it’s a really good question, is how the owner of a single-member LLC is supposed to pay him/herself. There are two possible answers to this question, depending on how the LLC is taxed.
Unless the LLC elects otherwise, a single-member LLC is considered a “disregarded entity” and all of the income to the LLC is treated as income to the business owner, and is all subject to self-employment tax. So basically, the owner of a single-member LLC can pay himself however and whenever he wants, keeping in mind a few important considerations:
1. Make sure you are prepared to pay taxes. Since the LLC is a disregarded entity, if the business earns $100k but you only “pay” yourself $50k, you are still going to be responsible for paying all of the taxes, including self-employment taxes, on the full $100k. (For simplicity’s sake, I am pretending there are no deductions or anything.) So you need to set aside enough money to make sure you can cover your taxes.
2. The business has to remain adequately capitalized. This means that you need to keep enough money in the business to cover all your overhead, debts, bills, salary for employees, etc. You should also leave some extra “padding” for possibly building up your business, purchasing equipment, and whatever else you may decide to do with your business.
In the books, any payments to yourself should be recorded as “Member Distribution” or “Member Withdrawal.”
If the LLC elects to be taxed as an S Corporation, on the other hand, you have to be paid a “reasonable” salary. Self-employment taxes will only be paid on that salary rather than on the full amount of profit the business earns. Any money that the business owner takes above that reasonable salary is considered a dividend and won’t be subject to self-employment taxes. To learn more about S Corporations, watch my earlier video What the Heck is an S Corporation at http://youtu.be/i5to7Da3wMw?list=UUNh7tqEn68tf0oOfq4NsFsg
If your LLC is not taxed as an S Corp, you don’t need to put yourself on payroll, since those member distributions aren’t treated as normal payroll. If your LLC is taxed as an S Corp, then the salary you earn can be part of your payroll, and any additional dividends will be separate from that.
Whether or not you elect to have your LLC taxed as an S Corp and how to handle and record the money that you pay yourself is an important conversation that should be had with your accountant, bookkeeper, & attorney. Doing it the “right” way can help minimize your tax liability and can make your life (and that of your accountant) much easier come tax time.
Contact Aiden: (720) 722-0639 and Aiden@AidenKramerLaw.com
Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com.
Thumbs up & subscribe if you want more AUIYB!
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by The Law Office of Aiden H. Kramer, LLC, with its principal office located at 6795 E. Tennessee Ave. Suite 635, Denver, CO 80224. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with The Law Office of Aiden H. Kramer, LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
All Up In Yo’ Business® is a registered trademark of The Law Office of Aiden H. Kramer, LLC.
© The Law Office of Aiden H. Kramer, LLC. All rights reserved.
https://wn.com/All_Up_In_Yo'_Business_How_Do_I_Pay_Myself_In_A_Single_Member_Llc
One question that I get asked quite often, because it’s a really good question, is how the owner of a single-member LLC is supposed to pay him/herself. There are two possible answers to this question, depending on how the LLC is taxed.
Unless the LLC elects otherwise, a single-member LLC is considered a “disregarded entity” and all of the income to the LLC is treated as income to the business owner, and is all subject to self-employment tax. So basically, the owner of a single-member LLC can pay himself however and whenever he wants, keeping in mind a few important considerations:
1. Make sure you are prepared to pay taxes. Since the LLC is a disregarded entity, if the business earns $100k but you only “pay” yourself $50k, you are still going to be responsible for paying all of the taxes, including self-employment taxes, on the full $100k. (For simplicity’s sake, I am pretending there are no deductions or anything.) So you need to set aside enough money to make sure you can cover your taxes.
2. The business has to remain adequately capitalized. This means that you need to keep enough money in the business to cover all your overhead, debts, bills, salary for employees, etc. You should also leave some extra “padding” for possibly building up your business, purchasing equipment, and whatever else you may decide to do with your business.
In the books, any payments to yourself should be recorded as “Member Distribution” or “Member Withdrawal.”
If the LLC elects to be taxed as an S Corporation, on the other hand, you have to be paid a “reasonable” salary. Self-employment taxes will only be paid on that salary rather than on the full amount of profit the business earns. Any money that the business owner takes above that reasonable salary is considered a dividend and won’t be subject to self-employment taxes. To learn more about S Corporations, watch my earlier video What the Heck is an S Corporation at http://youtu.be/i5to7Da3wMw?list=UUNh7tqEn68tf0oOfq4NsFsg
If your LLC is not taxed as an S Corp, you don’t need to put yourself on payroll, since those member distributions aren’t treated as normal payroll. If your LLC is taxed as an S Corp, then the salary you earn can be part of your payroll, and any additional dividends will be separate from that.
Whether or not you elect to have your LLC taxed as an S Corp and how to handle and record the money that you pay yourself is an important conversation that should be had with your accountant, bookkeeper, & attorney. Doing it the “right” way can help minimize your tax liability and can make your life (and that of your accountant) much easier come tax time.
Contact Aiden: (720) 722-0639 and Aiden@AidenKramerLaw.com
Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com.
Thumbs up & subscribe if you want more AUIYB!
Follow Me!
IG: @allupinyobusiness
Twitter: @_AllUpInYoBiz
Snapchat: @AllUpInYoBiz
www.facebook.com/aidenhkramer
www.google.com/+aidenkramerlawAUIYB
www.pinterest.com/AUIYB
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by The Law Office of Aiden H. Kramer, LLC, with its principal office located at 6795 E. Tennessee Ave. Suite 635, Denver, CO 80224. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with The Law Office of Aiden H. Kramer, LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
All Up In Yo’ Business® is a registered trademark of The Law Office of Aiden H. Kramer, LLC.
© The Law Office of Aiden H. Kramer, LLC. All rights reserved.
- published: 04 Nov 2014
- views: 81406
How to Form An LLC
- Order: Reorder
- Duration: 6:29
- Updated: 20 Dec 2011
- views: 49066
www.llcwizard.com - Forming An LLC is simple when you know proper steps. I have outlined where to form your llc, when to form your llc and the benefits of form...
www.llcwizard.com - Forming An LLC is simple when you know proper steps. I have outlined where to form your llc, when to form your llc and the benefits of forming an llc. Plus I show you where you can go to get a necessary llc operating agreement you need to form an LLC.
https://wn.com/How_To_Form_An_Llc
www.llcwizard.com - Forming An LLC is simple when you know proper steps. I have outlined where to form your llc, when to form your llc and the benefits of forming an llc. Plus I show you where you can go to get a necessary llc operating agreement you need to form an LLC.
- published: 20 Dec 2011
- views: 49066
Fat Cat Secrets How LLC's make you Bank- Stuff Your Lawyer Will Never Tell You
- Order: Reorder
- Duration: 1:06:35
- Updated: 02 Dec 2016
- views: 2123
TODAY'S SPECIAL 03/13/17 - The Never Broke Action Pack - http://bit.ly/neverbroke . get a $450 Coupon with this purchase!
Hustler Kung Fu LIVE - http://eepurl....
TODAY'S SPECIAL 03/13/17 - The Never Broke Action Pack - http://bit.ly/neverbroke . get a $450 Coupon with this purchase!
Hustler Kung Fu LIVE - http://eepurl.com/crnn_j
Glendon Cameron
♛ Founder and Chief Kung Fu Developer
https://wn.com/Fat_Cat_Secrets_How_Llc's_Make_You_Bank_Stuff_Your_Lawyer_Will_Never_Tell_You
"My experience" Filing for LLC INC and EIN number
- Order: Reorder
- Duration: 5:22
- Updated: 05 Feb 2016
- views: 5784
All Up In Yo' Business: Sole Proprietor, LLC, or Corporation?
- Order: Reorder
- Duration: 8:44
- Updated: 15 Mar 2015
- views: 39018
What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw
Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w
The three most common types of str...
What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw
Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w
The three most common types of structures for a small business are the sole proprietor, LLC, and corporation. These are by no means the only options for business structure; there are many more options out there (e.g., general partnerships, limited partnerships, limited liability partnerships, cooperatives, non-profit corporations, etc.). But they are not nearly as common or popular as the sole proprietor, LLC and corporation. So I'm not going to talk about them here! :-)
If you are operating as a sole proprietor, this means that you have not really formed any legal structure of a business entity. If you are just an individual making income from providing services or selling products and you have not registered anything with your state, then you are already operating as a sole proprietor. If you are operating under a trade name (e.g., if I am operating a lawn mowing service under the name “Aiden’s Lawn Mowing Service,” that would be the trade name), then you should file a Statement of Trade Name with the Secretary of State in order to register the fact that you are operating under that trade name. However, just because you file your trade name does not mean that you are an LLC or any kind of entity; you are still just a sole proprietor.
The LLC is the most popular entity formation and that is because (in Colorado, at least) an LLC is inexpensive and relatively simple to start and run. To form an LLC, all you have to do is file Articles of Organization with the Secretary of State (or whatever agency operates business organizations in your state) and boom! you've got yourself an LLC. Of course, there are other things you need to do to make sure your LLC is going to protect you personally and to avoid piercing the corporate veil.
Similar to a sole proprietor, all of the income to the business is taxed as if it were personal income to the business owner.
Finally, the biggest difference between an LLC and sole proprietor is that an LLC does give you that liability protection. So, if there is a lawsuit, or if the LLC is subject to some liability, then you as the business owner should be personally protected and your personal assets would most likely be safe from those liabilities.
When I say "corporation" in this context, I am referring to a C-Corporation specifically. (I'm going to touch on the S-Corporation in just a minute.) The corporation is a little bit more complicated and expensive to set up, but there are some instances where it would be useful to have a corporation. First, it’s important to know that there are three groups of players in a corporation: Shareholders, Board of Directors, and Officers. Shareholders are basically the owners; they own shares of the corporation. The Board of Directors is responsible for making decisions about the operation of the corporation. And the Officers are generally those that are actually participating in the business and managing the business and all of its activities.
Despite these various players, a small business can still form as a corporation and the Shareholder, Board of Directors, and Officers can all be one person. In other words, one person can hold multiple positions within the corporation. So, it is still possible to have a corporation as a small business and solo business owner.
To create a corporation, you will need to file Articles of Incorporation with the Secretary of State. You will also need to write Bylaws, which are essentially the same as an Operating Agreement, but with regards to a corporation. The Bylaws say how the corporation is going to be run and managed and operated. If there are going to be multiple shareholders, then you will probably also want to have a Shareholder Agreement.
One of the biggest drawbacks of a corporation is that corporations are subject to double taxation. When money comes into the business it is taxed at the corporate rate as income to the corporation, then when money is distributed to the shareholders, it is taxed again as dividends to the shareholders.
Finally, just like an LLC, the corporation provides liability protection to the Shareholders, the Board of Directors, and the Officers in most instances. So if there is a lawsuit over the corporation or if the corporation has debts or liabilities, the Shareholders, Board of Directors, and Officers are most likely going to be protected personally from those liabilities.
Contact Aiden: (720) 722-0639 and aidenkramerlaw@gmail.com
Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com.
Thumbs up & subscribe if you want more AUIYB!
Follow Me!
IG: @allupinyobusiness
Twitter: @_AllUpInYoBiz
www.facebook.com/aidenhkramer
www.google.com/+aidenkramerlawAUIYB
www.pinterest.com/AUIYB
https://wn.com/All_Up_In_Yo'_Business_Sole_Proprietor,_Llc,_Or_Corporation
What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw
Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w
The three most common types of structures for a small business are the sole proprietor, LLC, and corporation. These are by no means the only options for business structure; there are many more options out there (e.g., general partnerships, limited partnerships, limited liability partnerships, cooperatives, non-profit corporations, etc.). But they are not nearly as common or popular as the sole proprietor, LLC and corporation. So I'm not going to talk about them here! :-)
If you are operating as a sole proprietor, this means that you have not really formed any legal structure of a business entity. If you are just an individual making income from providing services or selling products and you have not registered anything with your state, then you are already operating as a sole proprietor. If you are operating under a trade name (e.g., if I am operating a lawn mowing service under the name “Aiden’s Lawn Mowing Service,” that would be the trade name), then you should file a Statement of Trade Name with the Secretary of State in order to register the fact that you are operating under that trade name. However, just because you file your trade name does not mean that you are an LLC or any kind of entity; you are still just a sole proprietor.
The LLC is the most popular entity formation and that is because (in Colorado, at least) an LLC is inexpensive and relatively simple to start and run. To form an LLC, all you have to do is file Articles of Organization with the Secretary of State (or whatever agency operates business organizations in your state) and boom! you've got yourself an LLC. Of course, there are other things you need to do to make sure your LLC is going to protect you personally and to avoid piercing the corporate veil.
Similar to a sole proprietor, all of the income to the business is taxed as if it were personal income to the business owner.
Finally, the biggest difference between an LLC and sole proprietor is that an LLC does give you that liability protection. So, if there is a lawsuit, or if the LLC is subject to some liability, then you as the business owner should be personally protected and your personal assets would most likely be safe from those liabilities.
When I say "corporation" in this context, I am referring to a C-Corporation specifically. (I'm going to touch on the S-Corporation in just a minute.) The corporation is a little bit more complicated and expensive to set up, but there are some instances where it would be useful to have a corporation. First, it’s important to know that there are three groups of players in a corporation: Shareholders, Board of Directors, and Officers. Shareholders are basically the owners; they own shares of the corporation. The Board of Directors is responsible for making decisions about the operation of the corporation. And the Officers are generally those that are actually participating in the business and managing the business and all of its activities.
Despite these various players, a small business can still form as a corporation and the Shareholder, Board of Directors, and Officers can all be one person. In other words, one person can hold multiple positions within the corporation. So, it is still possible to have a corporation as a small business and solo business owner.
To create a corporation, you will need to file Articles of Incorporation with the Secretary of State. You will also need to write Bylaws, which are essentially the same as an Operating Agreement, but with regards to a corporation. The Bylaws say how the corporation is going to be run and managed and operated. If there are going to be multiple shareholders, then you will probably also want to have a Shareholder Agreement.
One of the biggest drawbacks of a corporation is that corporations are subject to double taxation. When money comes into the business it is taxed at the corporate rate as income to the corporation, then when money is distributed to the shareholders, it is taxed again as dividends to the shareholders.
Finally, just like an LLC, the corporation provides liability protection to the Shareholders, the Board of Directors, and the Officers in most instances. So if there is a lawsuit over the corporation or if the corporation has debts or liabilities, the Shareholders, Board of Directors, and Officers are most likely going to be protected personally from those liabilities.
Contact Aiden: (720) 722-0639 and aidenkramerlaw@gmail.com
Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com.
Thumbs up & subscribe if you want more AUIYB!
Follow Me!
IG: @allupinyobusiness
Twitter: @_AllUpInYoBiz
www.facebook.com/aidenhkramer
www.google.com/+aidenkramerlawAUIYB
www.pinterest.com/AUIYB
- published: 15 Mar 2015
- views: 39018
How much does it cost to setup an LLC?
- Order: Reorder
- Duration: 4:54
- Updated: 15 Apr 2016
- views: 2164
➡ Full cost breakdown: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/
✔
How much does it cost to form an LLC?
The cost of your LLC will ...
➡ Full cost breakdown: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/
✔
How much does it cost to form an LLC?
The cost of your LLC will depend on how you go about forming it. You have 4 options:
1. DIY/do it yourself = $0-$300
2. Hire a lawyer = $1,050-$2,100
3. Use an online incorporation website = $199-$1,100
4. Go through our free online course = $0
The reason for the sliding scale is whether or not you need to hire a Commercial Registered Agent.
You do not need hire a Commercial Registered Agent if:
A. You have a street address located in the state where you're forming your LLC.
B. A friend or family member has a street address located in the state where you're forming your LLC.
You'll only need to hire a Commercial Registered Agent if If you don't have a street address located in the state where you're forming your LLC.
/---------------------------------------/
No matter which route you go, make sure you get an Operating Agreement and obtain your EIN (Federal Tax ID Number) from the IRS.
And watch out for any of the following unnecessary items/upsells on many websites:
• forced Registered Agent fees
• hidden annual renewals (check the fine print)
• LLC kit & seal
• certified copies (rarely needed)
• free trials which convert to monthly fees
• LLC membership certificates (not needed as membership interest is controlled via your Operating Agreement)
• free domain names, website, logo, etc
For full details, check out this guide:
https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/
Ask any LLC question here and get a reply in a few hours:
https://www.llcuniversity.com/ask-llcu/
https://wn.com/How_Much_Does_It_Cost_To_Setup_An_Llc
➡ Full cost breakdown: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/
✔
How much does it cost to form an LLC?
The cost of your LLC will depend on how you go about forming it. You have 4 options:
1. DIY/do it yourself = $0-$300
2. Hire a lawyer = $1,050-$2,100
3. Use an online incorporation website = $199-$1,100
4. Go through our free online course = $0
The reason for the sliding scale is whether or not you need to hire a Commercial Registered Agent.
You do not need hire a Commercial Registered Agent if:
A. You have a street address located in the state where you're forming your LLC.
B. A friend or family member has a street address located in the state where you're forming your LLC.
You'll only need to hire a Commercial Registered Agent if If you don't have a street address located in the state where you're forming your LLC.
/---------------------------------------/
No matter which route you go, make sure you get an Operating Agreement and obtain your EIN (Federal Tax ID Number) from the IRS.
And watch out for any of the following unnecessary items/upsells on many websites:
• forced Registered Agent fees
• hidden annual renewals (check the fine print)
• LLC kit & seal
• certified copies (rarely needed)
• free trials which convert to monthly fees
• LLC membership certificates (not needed as membership interest is controlled via your Operating Agreement)
• free domain names, website, logo, etc
For full details, check out this guide:
https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/
Ask any LLC question here and get a reply in a few hours:
https://www.llcuniversity.com/ask-llcu/
- published: 15 Apr 2016
- views: 2164
Taxation of an LLC
- Order: Reorder
- Duration: 4:17
- Updated: 19 Jun 2014
- views: 30417
An LLC can choose how to be taxed based on what will be best for the company's bottom line. This choice needs to be made shortly (immediately) after you set up...
An LLC can choose how to be taxed based on what will be best for the company's bottom line. This choice needs to be made shortly (immediately) after you set up your LLC.
https://wn.com/Taxation_Of_An_Llc
An LLC can choose how to be taxed based on what will be best for the company's bottom line. This choice needs to be made shortly (immediately) after you set up your LLC.
- published: 19 Jun 2014
- views: 30417
Putting Property Into an LLC
- Order: Reorder
- Duration: 4:50
- Updated: 18 Jul 2015
- views: 6138
How to put property into a Limited Liability Company. More at http://www.llcwizard.com/effect-on-property-and-casualty-insurance-when-property-is-deeded-to-an-l...
How to put property into a Limited Liability Company. More at http://www.llcwizard.com/effect-on-property-and-casualty-insurance-when-property-is-deeded-to-an-llc-or-corporation
https://wn.com/Putting_Property_Into_An_Llc
How to put property into a Limited Liability Company. More at http://www.llcwizard.com/effect-on-property-and-casualty-insurance-when-property-is-deeded-to-an-llc-or-corporation
- published: 18 Jul 2015
- views: 6138
What is an LLC? - Form an LLC (1/11)
- Order: Reorder
- Duration: 3:58
- Updated: 06 Nov 2015
- views: 2300
▶▶ Learn more about LLCs: http://llcuniversity.com ◀◀
In this video, we explain:
- What is an LLC
- Why form an LLC?
- Protecting your personal assets
- Speak...
▶▶ Learn more about LLCs: http://llcuniversity.com ◀◀
In this video, we explain:
- What is an LLC
- Why form an LLC?
- Protecting your personal assets
- Speaking the LLC language
- LLCs vs Corporations
[=================================]
-- WHAT IS AN LLC? --
LLC stands for Limited Liability Company. An LLC is a legal entity that protects your personal assets if your business is sued.
An LLC is a Limited Liability Company. It is a legal entity (business structure) that is created by state law.
An LLC can be used to run a business, or it can be used to hold assets (such as real estate, vehicles, boats, or aircraft).
LLC Owners Are Called "Members"
The owners of an LLC are called "members".
An LLC can be owned by one person (called a Single-Member LLC).
Or an LLC can be owned by two or more people (called a Multi-Member LLC).
The LLC is created by filing LLC Formation Documents with your State and paying the filing fee.
[=================================]
-- WHY FORM AN LLC? --
The #1 reason to form an LLC is for personal asset protection.
By forming an LLC you create a “protective wall” between your business and your personal assets.
Your personal assets include everything that you own: your home, cars, trucks, bank accounts, investment properties, boats, jewelry, etc.
-- AN ATTACK ON YOUR ASSETS --
If your LLC is sued, creditors can only attack the assets of your LLC to settle those business debts and liabilities.
Your personal assets are safe and secure.
They are not considered a part of the business.
Again, without forming an LLC, your personal assets are at risk if your business is sued.
[=================================]
-- SPEAKING THE LLC LANGUAGE --
There are two common mistakes people make when talking about LLCs.
"I want to form a Limited Liability Corporation."
You cannot form a Limited Liability Corporation. There is no such thing. An LLC is a Limited Liability Company.
Or “I’m going to LLC myself.”
Again, this is incorrect. You cannot do that. You can't "LLC yourself".
But, you can form an LLC for your business. An LLC is "separate and apart" from you. It is not you.
You form the LLC. Then you own and manage that LLC.
It's important that you understand the difference in these terms so you don't sound like an idiot and can speak intelligently about your business.
[=================================]
-- LLC vs CORPORATIONS - THE BASICS --
A lot of people ask us if they should form an LLC or form a Corporation.
Let's discuss the major differences.
LLCs don't have to elect a board of directors; Corporations do.
LLCs don't need to hold board meetings; Corporations do.
LLCs don't have to keep records of all their meetings; Corporations do.
LLCs are not subject to double taxation; Corporations are.
LLCs can distribute profits however they want; Corporations can't.
In short, LLCs are the most popular and the most flexible business structure for business owners, entrepreneurs and real estate investors.
LLCs are also inexpensive to setup. You'll pay a one-time filing fee to...
[=================================]
For the full article, please visit: http://llcuniversity.com
[=================================]
https://wn.com/What_Is_An_Llc_Form_An_Llc_(1_11)
▶▶ Learn more about LLCs: http://llcuniversity.com ◀◀
In this video, we explain:
- What is an LLC
- Why form an LLC?
- Protecting your personal assets
- Speaking the LLC language
- LLCs vs Corporations
[=================================]
-- WHAT IS AN LLC? --
LLC stands for Limited Liability Company. An LLC is a legal entity that protects your personal assets if your business is sued.
An LLC is a Limited Liability Company. It is a legal entity (business structure) that is created by state law.
An LLC can be used to run a business, or it can be used to hold assets (such as real estate, vehicles, boats, or aircraft).
LLC Owners Are Called "Members"
The owners of an LLC are called "members".
An LLC can be owned by one person (called a Single-Member LLC).
Or an LLC can be owned by two or more people (called a Multi-Member LLC).
The LLC is created by filing LLC Formation Documents with your State and paying the filing fee.
[=================================]
-- WHY FORM AN LLC? --
The #1 reason to form an LLC is for personal asset protection.
By forming an LLC you create a “protective wall” between your business and your personal assets.
Your personal assets include everything that you own: your home, cars, trucks, bank accounts, investment properties, boats, jewelry, etc.
-- AN ATTACK ON YOUR ASSETS --
If your LLC is sued, creditors can only attack the assets of your LLC to settle those business debts and liabilities.
Your personal assets are safe and secure.
They are not considered a part of the business.
Again, without forming an LLC, your personal assets are at risk if your business is sued.
[=================================]
-- SPEAKING THE LLC LANGUAGE --
There are two common mistakes people make when talking about LLCs.
"I want to form a Limited Liability Corporation."
You cannot form a Limited Liability Corporation. There is no such thing. An LLC is a Limited Liability Company.
Or “I’m going to LLC myself.”
Again, this is incorrect. You cannot do that. You can't "LLC yourself".
But, you can form an LLC for your business. An LLC is "separate and apart" from you. It is not you.
You form the LLC. Then you own and manage that LLC.
It's important that you understand the difference in these terms so you don't sound like an idiot and can speak intelligently about your business.
[=================================]
-- LLC vs CORPORATIONS - THE BASICS --
A lot of people ask us if they should form an LLC or form a Corporation.
Let's discuss the major differences.
LLCs don't have to elect a board of directors; Corporations do.
LLCs don't need to hold board meetings; Corporations do.
LLCs don't have to keep records of all their meetings; Corporations do.
LLCs are not subject to double taxation; Corporations are.
LLCs can distribute profits however they want; Corporations can't.
In short, LLCs are the most popular and the most flexible business structure for business owners, entrepreneurs and real estate investors.
LLCs are also inexpensive to setup. You'll pay a one-time filing fee to...
[=================================]
For the full article, please visit: http://llcuniversity.com
[=================================]
- published: 06 Nov 2015
- views: 2300
-
What is a Limited Liability Company or LLC? - LLC.com
For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC Learn the advantages of forming an LLC and why it is a popular business entity for many entrepreneurs and small businesses. LLC.com has the information needed to make an informed decision on which business structure is best for you including; tax advantages, asset protection, enhanced credibility and much more.
published: 19 Aug 2014 -
All Up In Yo' Business: How Do I Pay Myself in a Single-Member LLC?
One question that I get asked quite often, because it’s a really good question, is how the owner of a single-member LLC is supposed to pay him/herself. There are two possible answers to this question, depending on how the LLC is taxed. Unless the LLC elects otherwise, a single-member LLC is considered a “disregarded entity” and all of the income to the LLC is treated as income to the business owner, and is all subject to self-employment tax. So basically, the owner of a single-member LLC can pay himself however and whenever he wants, keeping in mind a few important considerations: 1. Make sure you are prepared to pay taxes. Since the LLC is a disregarded entity, if the business earns $100k but you only “pay” yourself $50k, you are still going to be responsible for paying all of the taxes...
published: 04 Nov 2014 -
How to Form An LLC
www.llcwizard.com - Forming An LLC is simple when you know proper steps. I have outlined where to form your llc, when to form your llc and the benefits of forming an llc. Plus I show you where you can go to get a necessary llc operating agreement you need to form an LLC.
published: 20 Dec 2011 -
Fat Cat Secrets How LLC's make you Bank- Stuff Your Lawyer Will Never Tell You
TODAY'S SPECIAL 03/13/17 - The Never Broke Action Pack - http://bit.ly/neverbroke . get a $450 Coupon with this purchase! Hustler Kung Fu LIVE - http://eepurl.com/crnn_j Glendon Cameron ♛ Founder and Chief Kung Fu Developer
published: 02 Dec 2016 -
-
All Up In Yo' Business: Sole Proprietor, LLC, or Corporation?
What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w The three most common types of structures for a small business are the sole proprietor, LLC, and corporation. These are by no means the only options for business structure; there are many more options out there (e.g., general partnerships, limited partnerships, limited liability partnerships, cooperatives, non-profit corporations, etc.). But they are not nearly as common or popular as the sole proprietor, LLC and corporation. So I'm not going to talk about them here! :-) If you are operating as a sole proprietor, this means that you have not really formed any legal structure of a business entity. If you are just an individual making income from providing service...
published: 15 Mar 2015 -
How much does it cost to setup an LLC?
➡ Full cost breakdown: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/ ✔ How much does it cost to form an LLC? The cost of your LLC will depend on how you go about forming it. You have 4 options: 1. DIY/do it yourself = $0-$300 2. Hire a lawyer = $1,050-$2,100 3. Use an online incorporation website = $199-$1,100 4. Go through our free online course = $0 The reason for the sliding scale is whether or not you need to hire a Commercial Registered Agent. You do not need hire a Commercial Registered Agent if: A. You have a street address located in the state where you're forming your LLC. B. A friend or family member has a street address located in the state where you're forming your LLC. You'll only need to hire a Commercial Registered Agent if If you don't have a ...
published: 15 Apr 2016 -
Taxation of an LLC
An LLC can choose how to be taxed based on what will be best for the company's bottom line. This choice needs to be made shortly (immediately) after you set up your LLC.
published: 19 Jun 2014 -
Putting Property Into an LLC
How to put property into a Limited Liability Company. More at http://www.llcwizard.com/effect-on-property-and-casualty-insurance-when-property-is-deeded-to-an-llc-or-corporation
published: 18 Jul 2015 -
What is an LLC? - Form an LLC (1/11)
▶▶ Learn more about LLCs: http://llcuniversity.com ◀◀ In this video, we explain: - What is an LLC - Why form an LLC? - Protecting your personal assets - Speaking the LLC language - LLCs vs Corporations [=================================] -- WHAT IS AN LLC? -- LLC stands for Limited Liability Company. An LLC is a legal entity that protects your personal assets if your business is sued. An LLC is a Limited Liability Company. It is a legal entity (business structure) that is created by state law. An LLC can be used to run a business, or it can be used to hold assets (such as real estate, vehicles, boats, or aircraft). LLC Owners Are Called "Members" The owners of an LLC are called "members". An LLC can be owned by one person (called a Single-Member LLC). Or an LLC can be owned by t...
published: 06 Nov 2015
What is a Limited Liability Company or LLC? - LLC.com
- Order: Reorder
- Duration: 2:00
- Updated: 19 Aug 2014
- views: 127788
For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC
Learn the advantages of forming an LLC ...
For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC
Learn the advantages of forming an LLC and why it is a popular business entity for many entrepreneurs and small businesses. LLC.com has the information needed to make an informed decision on which business structure is best for you including; tax advantages, asset protection, enhanced credibility and much more.
https://wn.com/What_Is_A_Limited_Liability_Company_Or_Llc_Llc.Com
For more information on forming an LLC or to receive a free LLC formation guide, to go http://bit.ly/IncorporateYourLLC
Learn the advantages of forming an LLC and why it is a popular business entity for many entrepreneurs and small businesses. LLC.com has the information needed to make an informed decision on which business structure is best for you including; tax advantages, asset protection, enhanced credibility and much more.
- published: 19 Aug 2014
- views: 127788
All Up In Yo' Business: How Do I Pay Myself in a Single-Member LLC?
- Order: Reorder
- Duration: 8:49
- Updated: 04 Nov 2014
- views: 81406
One question that I get asked quite often, because it’s a really good question, is how the owner of a single-member LLC is supposed to pay him/herself. There ar...
One question that I get asked quite often, because it’s a really good question, is how the owner of a single-member LLC is supposed to pay him/herself. There are two possible answers to this question, depending on how the LLC is taxed.
Unless the LLC elects otherwise, a single-member LLC is considered a “disregarded entity” and all of the income to the LLC is treated as income to the business owner, and is all subject to self-employment tax. So basically, the owner of a single-member LLC can pay himself however and whenever he wants, keeping in mind a few important considerations:
1. Make sure you are prepared to pay taxes. Since the LLC is a disregarded entity, if the business earns $100k but you only “pay” yourself $50k, you are still going to be responsible for paying all of the taxes, including self-employment taxes, on the full $100k. (For simplicity’s sake, I am pretending there are no deductions or anything.) So you need to set aside enough money to make sure you can cover your taxes.
2. The business has to remain adequately capitalized. This means that you need to keep enough money in the business to cover all your overhead, debts, bills, salary for employees, etc. You should also leave some extra “padding” for possibly building up your business, purchasing equipment, and whatever else you may decide to do with your business.
In the books, any payments to yourself should be recorded as “Member Distribution” or “Member Withdrawal.”
If the LLC elects to be taxed as an S Corporation, on the other hand, you have to be paid a “reasonable” salary. Self-employment taxes will only be paid on that salary rather than on the full amount of profit the business earns. Any money that the business owner takes above that reasonable salary is considered a dividend and won’t be subject to self-employment taxes. To learn more about S Corporations, watch my earlier video What the Heck is an S Corporation at http://youtu.be/i5to7Da3wMw?list=UUNh7tqEn68tf0oOfq4NsFsg
If your LLC is not taxed as an S Corp, you don’t need to put yourself on payroll, since those member distributions aren’t treated as normal payroll. If your LLC is taxed as an S Corp, then the salary you earn can be part of your payroll, and any additional dividends will be separate from that.
Whether or not you elect to have your LLC taxed as an S Corp and how to handle and record the money that you pay yourself is an important conversation that should be had with your accountant, bookkeeper, & attorney. Doing it the “right” way can help minimize your tax liability and can make your life (and that of your accountant) much easier come tax time.
Contact Aiden: (720) 722-0639 and Aiden@AidenKramerLaw.com
Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com.
Thumbs up & subscribe if you want more AUIYB!
Follow Me!
IG: @allupinyobusiness
Twitter: @_AllUpInYoBiz
Snapchat: @AllUpInYoBiz
www.facebook.com/aidenhkramer
www.google.com/+aidenkramerlawAUIYB
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by The Law Office of Aiden H. Kramer, LLC, with its principal office located at 6795 E. Tennessee Ave. Suite 635, Denver, CO 80224. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with The Law Office of Aiden H. Kramer, LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
All Up In Yo’ Business® is a registered trademark of The Law Office of Aiden H. Kramer, LLC.
© The Law Office of Aiden H. Kramer, LLC. All rights reserved.
https://wn.com/All_Up_In_Yo'_Business_How_Do_I_Pay_Myself_In_A_Single_Member_Llc
One question that I get asked quite often, because it’s a really good question, is how the owner of a single-member LLC is supposed to pay him/herself. There are two possible answers to this question, depending on how the LLC is taxed.
Unless the LLC elects otherwise, a single-member LLC is considered a “disregarded entity” and all of the income to the LLC is treated as income to the business owner, and is all subject to self-employment tax. So basically, the owner of a single-member LLC can pay himself however and whenever he wants, keeping in mind a few important considerations:
1. Make sure you are prepared to pay taxes. Since the LLC is a disregarded entity, if the business earns $100k but you only “pay” yourself $50k, you are still going to be responsible for paying all of the taxes, including self-employment taxes, on the full $100k. (For simplicity’s sake, I am pretending there are no deductions or anything.) So you need to set aside enough money to make sure you can cover your taxes.
2. The business has to remain adequately capitalized. This means that you need to keep enough money in the business to cover all your overhead, debts, bills, salary for employees, etc. You should also leave some extra “padding” for possibly building up your business, purchasing equipment, and whatever else you may decide to do with your business.
In the books, any payments to yourself should be recorded as “Member Distribution” or “Member Withdrawal.”
If the LLC elects to be taxed as an S Corporation, on the other hand, you have to be paid a “reasonable” salary. Self-employment taxes will only be paid on that salary rather than on the full amount of profit the business earns. Any money that the business owner takes above that reasonable salary is considered a dividend and won’t be subject to self-employment taxes. To learn more about S Corporations, watch my earlier video What the Heck is an S Corporation at http://youtu.be/i5to7Da3wMw?list=UUNh7tqEn68tf0oOfq4NsFsg
If your LLC is not taxed as an S Corp, you don’t need to put yourself on payroll, since those member distributions aren’t treated as normal payroll. If your LLC is taxed as an S Corp, then the salary you earn can be part of your payroll, and any additional dividends will be separate from that.
Whether or not you elect to have your LLC taxed as an S Corp and how to handle and record the money that you pay yourself is an important conversation that should be had with your accountant, bookkeeper, & attorney. Doing it the “right” way can help minimize your tax liability and can make your life (and that of your accountant) much easier come tax time.
Contact Aiden: (720) 722-0639 and Aiden@AidenKramerLaw.com
Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com.
Thumbs up & subscribe if you want more AUIYB!
Follow Me!
IG: @allupinyobusiness
Twitter: @_AllUpInYoBiz
Snapchat: @AllUpInYoBiz
www.facebook.com/aidenhkramer
www.google.com/+aidenkramerlawAUIYB
www.pinterest.com/AUIYB
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by The Law Office of Aiden H. Kramer, LLC, with its principal office located at 6795 E. Tennessee Ave. Suite 635, Denver, CO 80224. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with The Law Office of Aiden H. Kramer, LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
All Up In Yo’ Business® is a registered trademark of The Law Office of Aiden H. Kramer, LLC.
© The Law Office of Aiden H. Kramer, LLC. All rights reserved.
- published: 04 Nov 2014
- views: 81406
How to Form An LLC
- Order: Reorder
- Duration: 6:29
- Updated: 20 Dec 2011
- views: 49066
www.llcwizard.com - Forming An LLC is simple when you know proper steps. I have outlined where to form your llc, when to form your llc and the benefits of form...
www.llcwizard.com - Forming An LLC is simple when you know proper steps. I have outlined where to form your llc, when to form your llc and the benefits of forming an llc. Plus I show you where you can go to get a necessary llc operating agreement you need to form an LLC.
https://wn.com/How_To_Form_An_Llc
www.llcwizard.com - Forming An LLC is simple when you know proper steps. I have outlined where to form your llc, when to form your llc and the benefits of forming an llc. Plus I show you where you can go to get a necessary llc operating agreement you need to form an LLC.
- published: 20 Dec 2011
- views: 49066
Fat Cat Secrets How LLC's make you Bank- Stuff Your Lawyer Will Never Tell You
- Order: Reorder
- Duration: 1:06:35
- Updated: 02 Dec 2016
- views: 2123
TODAY'S SPECIAL 03/13/17 - The Never Broke Action Pack - http://bit.ly/neverbroke . get a $450 Coupon with this purchase!
Hustler Kung Fu LIVE - http://eepurl....
TODAY'S SPECIAL 03/13/17 - The Never Broke Action Pack - http://bit.ly/neverbroke . get a $450 Coupon with this purchase!
Hustler Kung Fu LIVE - http://eepurl.com/crnn_j
Glendon Cameron
♛ Founder and Chief Kung Fu Developer
https://wn.com/Fat_Cat_Secrets_How_Llc's_Make_You_Bank_Stuff_Your_Lawyer_Will_Never_Tell_You
"My experience" Filing for LLC INC and EIN number
- Order: Reorder
- Duration: 5:22
- Updated: 05 Feb 2016
- views: 5784
All Up In Yo' Business: Sole Proprietor, LLC, or Corporation?
- Order: Reorder
- Duration: 8:44
- Updated: 15 Mar 2015
- views: 39018
What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw
Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w
The three most common types of str...
What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw
Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w
The three most common types of structures for a small business are the sole proprietor, LLC, and corporation. These are by no means the only options for business structure; there are many more options out there (e.g., general partnerships, limited partnerships, limited liability partnerships, cooperatives, non-profit corporations, etc.). But they are not nearly as common or popular as the sole proprietor, LLC and corporation. So I'm not going to talk about them here! :-)
If you are operating as a sole proprietor, this means that you have not really formed any legal structure of a business entity. If you are just an individual making income from providing services or selling products and you have not registered anything with your state, then you are already operating as a sole proprietor. If you are operating under a trade name (e.g., if I am operating a lawn mowing service under the name “Aiden’s Lawn Mowing Service,” that would be the trade name), then you should file a Statement of Trade Name with the Secretary of State in order to register the fact that you are operating under that trade name. However, just because you file your trade name does not mean that you are an LLC or any kind of entity; you are still just a sole proprietor.
The LLC is the most popular entity formation and that is because (in Colorado, at least) an LLC is inexpensive and relatively simple to start and run. To form an LLC, all you have to do is file Articles of Organization with the Secretary of State (or whatever agency operates business organizations in your state) and boom! you've got yourself an LLC. Of course, there are other things you need to do to make sure your LLC is going to protect you personally and to avoid piercing the corporate veil.
Similar to a sole proprietor, all of the income to the business is taxed as if it were personal income to the business owner.
Finally, the biggest difference between an LLC and sole proprietor is that an LLC does give you that liability protection. So, if there is a lawsuit, or if the LLC is subject to some liability, then you as the business owner should be personally protected and your personal assets would most likely be safe from those liabilities.
When I say "corporation" in this context, I am referring to a C-Corporation specifically. (I'm going to touch on the S-Corporation in just a minute.) The corporation is a little bit more complicated and expensive to set up, but there are some instances where it would be useful to have a corporation. First, it’s important to know that there are three groups of players in a corporation: Shareholders, Board of Directors, and Officers. Shareholders are basically the owners; they own shares of the corporation. The Board of Directors is responsible for making decisions about the operation of the corporation. And the Officers are generally those that are actually participating in the business and managing the business and all of its activities.
Despite these various players, a small business can still form as a corporation and the Shareholder, Board of Directors, and Officers can all be one person. In other words, one person can hold multiple positions within the corporation. So, it is still possible to have a corporation as a small business and solo business owner.
To create a corporation, you will need to file Articles of Incorporation with the Secretary of State. You will also need to write Bylaws, which are essentially the same as an Operating Agreement, but with regards to a corporation. The Bylaws say how the corporation is going to be run and managed and operated. If there are going to be multiple shareholders, then you will probably also want to have a Shareholder Agreement.
One of the biggest drawbacks of a corporation is that corporations are subject to double taxation. When money comes into the business it is taxed at the corporate rate as income to the corporation, then when money is distributed to the shareholders, it is taxed again as dividends to the shareholders.
Finally, just like an LLC, the corporation provides liability protection to the Shareholders, the Board of Directors, and the Officers in most instances. So if there is a lawsuit over the corporation or if the corporation has debts or liabilities, the Shareholders, Board of Directors, and Officers are most likely going to be protected personally from those liabilities.
Contact Aiden: (720) 722-0639 and aidenkramerlaw@gmail.com
Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com.
Thumbs up & subscribe if you want more AUIYB!
Follow Me!
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Twitter: @_AllUpInYoBiz
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https://wn.com/All_Up_In_Yo'_Business_Sole_Proprietor,_Llc,_Or_Corporation
What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw
Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w
The three most common types of structures for a small business are the sole proprietor, LLC, and corporation. These are by no means the only options for business structure; there are many more options out there (e.g., general partnerships, limited partnerships, limited liability partnerships, cooperatives, non-profit corporations, etc.). But they are not nearly as common or popular as the sole proprietor, LLC and corporation. So I'm not going to talk about them here! :-)
If you are operating as a sole proprietor, this means that you have not really formed any legal structure of a business entity. If you are just an individual making income from providing services or selling products and you have not registered anything with your state, then you are already operating as a sole proprietor. If you are operating under a trade name (e.g., if I am operating a lawn mowing service under the name “Aiden’s Lawn Mowing Service,” that would be the trade name), then you should file a Statement of Trade Name with the Secretary of State in order to register the fact that you are operating under that trade name. However, just because you file your trade name does not mean that you are an LLC or any kind of entity; you are still just a sole proprietor.
The LLC is the most popular entity formation and that is because (in Colorado, at least) an LLC is inexpensive and relatively simple to start and run. To form an LLC, all you have to do is file Articles of Organization with the Secretary of State (or whatever agency operates business organizations in your state) and boom! you've got yourself an LLC. Of course, there are other things you need to do to make sure your LLC is going to protect you personally and to avoid piercing the corporate veil.
Similar to a sole proprietor, all of the income to the business is taxed as if it were personal income to the business owner.
Finally, the biggest difference between an LLC and sole proprietor is that an LLC does give you that liability protection. So, if there is a lawsuit, or if the LLC is subject to some liability, then you as the business owner should be personally protected and your personal assets would most likely be safe from those liabilities.
When I say "corporation" in this context, I am referring to a C-Corporation specifically. (I'm going to touch on the S-Corporation in just a minute.) The corporation is a little bit more complicated and expensive to set up, but there are some instances where it would be useful to have a corporation. First, it’s important to know that there are three groups of players in a corporation: Shareholders, Board of Directors, and Officers. Shareholders are basically the owners; they own shares of the corporation. The Board of Directors is responsible for making decisions about the operation of the corporation. And the Officers are generally those that are actually participating in the business and managing the business and all of its activities.
Despite these various players, a small business can still form as a corporation and the Shareholder, Board of Directors, and Officers can all be one person. In other words, one person can hold multiple positions within the corporation. So, it is still possible to have a corporation as a small business and solo business owner.
To create a corporation, you will need to file Articles of Incorporation with the Secretary of State. You will also need to write Bylaws, which are essentially the same as an Operating Agreement, but with regards to a corporation. The Bylaws say how the corporation is going to be run and managed and operated. If there are going to be multiple shareholders, then you will probably also want to have a Shareholder Agreement.
One of the biggest drawbacks of a corporation is that corporations are subject to double taxation. When money comes into the business it is taxed at the corporate rate as income to the corporation, then when money is distributed to the shareholders, it is taxed again as dividends to the shareholders.
Finally, just like an LLC, the corporation provides liability protection to the Shareholders, the Board of Directors, and the Officers in most instances. So if there is a lawsuit over the corporation or if the corporation has debts or liabilities, the Shareholders, Board of Directors, and Officers are most likely going to be protected personally from those liabilities.
Contact Aiden: (720) 722-0639 and aidenkramerlaw@gmail.com
Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com.
Thumbs up & subscribe if you want more AUIYB!
Follow Me!
IG: @allupinyobusiness
Twitter: @_AllUpInYoBiz
www.facebook.com/aidenhkramer
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www.pinterest.com/AUIYB
- published: 15 Mar 2015
- views: 39018
How much does it cost to setup an LLC?
- Order: Reorder
- Duration: 4:54
- Updated: 15 Apr 2016
- views: 2164
➡ Full cost breakdown: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/
✔
How much does it cost to form an LLC?
The cost of your LLC will ...
➡ Full cost breakdown: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/
✔
How much does it cost to form an LLC?
The cost of your LLC will depend on how you go about forming it. You have 4 options:
1. DIY/do it yourself = $0-$300
2. Hire a lawyer = $1,050-$2,100
3. Use an online incorporation website = $199-$1,100
4. Go through our free online course = $0
The reason for the sliding scale is whether or not you need to hire a Commercial Registered Agent.
You do not need hire a Commercial Registered Agent if:
A. You have a street address located in the state where you're forming your LLC.
B. A friend or family member has a street address located in the state where you're forming your LLC.
You'll only need to hire a Commercial Registered Agent if If you don't have a street address located in the state where you're forming your LLC.
/---------------------------------------/
No matter which route you go, make sure you get an Operating Agreement and obtain your EIN (Federal Tax ID Number) from the IRS.
And watch out for any of the following unnecessary items/upsells on many websites:
• forced Registered Agent fees
• hidden annual renewals (check the fine print)
• LLC kit & seal
• certified copies (rarely needed)
• free trials which convert to monthly fees
• LLC membership certificates (not needed as membership interest is controlled via your Operating Agreement)
• free domain names, website, logo, etc
For full details, check out this guide:
https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/
Ask any LLC question here and get a reply in a few hours:
https://www.llcuniversity.com/ask-llcu/
https://wn.com/How_Much_Does_It_Cost_To_Setup_An_Llc
➡ Full cost breakdown: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/
✔
How much does it cost to form an LLC?
The cost of your LLC will depend on how you go about forming it. You have 4 options:
1. DIY/do it yourself = $0-$300
2. Hire a lawyer = $1,050-$2,100
3. Use an online incorporation website = $199-$1,100
4. Go through our free online course = $0
The reason for the sliding scale is whether or not you need to hire a Commercial Registered Agent.
You do not need hire a Commercial Registered Agent if:
A. You have a street address located in the state where you're forming your LLC.
B. A friend or family member has a street address located in the state where you're forming your LLC.
You'll only need to hire a Commercial Registered Agent if If you don't have a street address located in the state where you're forming your LLC.
/---------------------------------------/
No matter which route you go, make sure you get an Operating Agreement and obtain your EIN (Federal Tax ID Number) from the IRS.
And watch out for any of the following unnecessary items/upsells on many websites:
• forced Registered Agent fees
• hidden annual renewals (check the fine print)
• LLC kit & seal
• certified copies (rarely needed)
• free trials which convert to monthly fees
• LLC membership certificates (not needed as membership interest is controlled via your Operating Agreement)
• free domain names, website, logo, etc
For full details, check out this guide:
https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc/
Ask any LLC question here and get a reply in a few hours:
https://www.llcuniversity.com/ask-llcu/
- published: 15 Apr 2016
- views: 2164
Taxation of an LLC
- Order: Reorder
- Duration: 4:17
- Updated: 19 Jun 2014
- views: 30417
An LLC can choose how to be taxed based on what will be best for the company's bottom line. This choice needs to be made shortly (immediately) after you set up...
An LLC can choose how to be taxed based on what will be best for the company's bottom line. This choice needs to be made shortly (immediately) after you set up your LLC.
https://wn.com/Taxation_Of_An_Llc
An LLC can choose how to be taxed based on what will be best for the company's bottom line. This choice needs to be made shortly (immediately) after you set up your LLC.
- published: 19 Jun 2014
- views: 30417
Putting Property Into an LLC
- Order: Reorder
- Duration: 4:50
- Updated: 18 Jul 2015
- views: 6138
How to put property into a Limited Liability Company. More at http://www.llcwizard.com/effect-on-property-and-casualty-insurance-when-property-is-deeded-to-an-l...
How to put property into a Limited Liability Company. More at http://www.llcwizard.com/effect-on-property-and-casualty-insurance-when-property-is-deeded-to-an-llc-or-corporation
https://wn.com/Putting_Property_Into_An_Llc
How to put property into a Limited Liability Company. More at http://www.llcwizard.com/effect-on-property-and-casualty-insurance-when-property-is-deeded-to-an-llc-or-corporation
- published: 18 Jul 2015
- views: 6138
What is an LLC? - Form an LLC (1/11)
- Order: Reorder
- Duration: 3:58
- Updated: 06 Nov 2015
- views: 2300
▶▶ Learn more about LLCs: http://llcuniversity.com ◀◀
In this video, we explain:
- What is an LLC
- Why form an LLC?
- Protecting your personal assets
- Speak...
▶▶ Learn more about LLCs: http://llcuniversity.com ◀◀
In this video, we explain:
- What is an LLC
- Why form an LLC?
- Protecting your personal assets
- Speaking the LLC language
- LLCs vs Corporations
[=================================]
-- WHAT IS AN LLC? --
LLC stands for Limited Liability Company. An LLC is a legal entity that protects your personal assets if your business is sued.
An LLC is a Limited Liability Company. It is a legal entity (business structure) that is created by state law.
An LLC can be used to run a business, or it can be used to hold assets (such as real estate, vehicles, boats, or aircraft).
LLC Owners Are Called "Members"
The owners of an LLC are called "members".
An LLC can be owned by one person (called a Single-Member LLC).
Or an LLC can be owned by two or more people (called a Multi-Member LLC).
The LLC is created by filing LLC Formation Documents with your State and paying the filing fee.
[=================================]
-- WHY FORM AN LLC? --
The #1 reason to form an LLC is for personal asset protection.
By forming an LLC you create a “protective wall” between your business and your personal assets.
Your personal assets include everything that you own: your home, cars, trucks, bank accounts, investment properties, boats, jewelry, etc.
-- AN ATTACK ON YOUR ASSETS --
If your LLC is sued, creditors can only attack the assets of your LLC to settle those business debts and liabilities.
Your personal assets are safe and secure.
They are not considered a part of the business.
Again, without forming an LLC, your personal assets are at risk if your business is sued.
[=================================]
-- SPEAKING THE LLC LANGUAGE --
There are two common mistakes people make when talking about LLCs.
"I want to form a Limited Liability Corporation."
You cannot form a Limited Liability Corporation. There is no such thing. An LLC is a Limited Liability Company.
Or “I’m going to LLC myself.”
Again, this is incorrect. You cannot do that. You can't "LLC yourself".
But, you can form an LLC for your business. An LLC is "separate and apart" from you. It is not you.
You form the LLC. Then you own and manage that LLC.
It's important that you understand the difference in these terms so you don't sound like an idiot and can speak intelligently about your business.
[=================================]
-- LLC vs CORPORATIONS - THE BASICS --
A lot of people ask us if they should form an LLC or form a Corporation.
Let's discuss the major differences.
LLCs don't have to elect a board of directors; Corporations do.
LLCs don't need to hold board meetings; Corporations do.
LLCs don't have to keep records of all their meetings; Corporations do.
LLCs are not subject to double taxation; Corporations are.
LLCs can distribute profits however they want; Corporations can't.
In short, LLCs are the most popular and the most flexible business structure for business owners, entrepreneurs and real estate investors.
LLCs are also inexpensive to setup. You'll pay a one-time filing fee to...
[=================================]
For the full article, please visit: http://llcuniversity.com
[=================================]
https://wn.com/What_Is_An_Llc_Form_An_Llc_(1_11)
▶▶ Learn more about LLCs: http://llcuniversity.com ◀◀
In this video, we explain:
- What is an LLC
- Why form an LLC?
- Protecting your personal assets
- Speaking the LLC language
- LLCs vs Corporations
[=================================]
-- WHAT IS AN LLC? --
LLC stands for Limited Liability Company. An LLC is a legal entity that protects your personal assets if your business is sued.
An LLC is a Limited Liability Company. It is a legal entity (business structure) that is created by state law.
An LLC can be used to run a business, or it can be used to hold assets (such as real estate, vehicles, boats, or aircraft).
LLC Owners Are Called "Members"
The owners of an LLC are called "members".
An LLC can be owned by one person (called a Single-Member LLC).
Or an LLC can be owned by two or more people (called a Multi-Member LLC).
The LLC is created by filing LLC Formation Documents with your State and paying the filing fee.
[=================================]
-- WHY FORM AN LLC? --
The #1 reason to form an LLC is for personal asset protection.
By forming an LLC you create a “protective wall” between your business and your personal assets.
Your personal assets include everything that you own: your home, cars, trucks, bank accounts, investment properties, boats, jewelry, etc.
-- AN ATTACK ON YOUR ASSETS --
If your LLC is sued, creditors can only attack the assets of your LLC to settle those business debts and liabilities.
Your personal assets are safe and secure.
They are not considered a part of the business.
Again, without forming an LLC, your personal assets are at risk if your business is sued.
[=================================]
-- SPEAKING THE LLC LANGUAGE --
There are two common mistakes people make when talking about LLCs.
"I want to form a Limited Liability Corporation."
You cannot form a Limited Liability Corporation. There is no such thing. An LLC is a Limited Liability Company.
Or “I’m going to LLC myself.”
Again, this is incorrect. You cannot do that. You can't "LLC yourself".
But, you can form an LLC for your business. An LLC is "separate and apart" from you. It is not you.
You form the LLC. Then you own and manage that LLC.
It's important that you understand the difference in these terms so you don't sound like an idiot and can speak intelligently about your business.
[=================================]
-- LLC vs CORPORATIONS - THE BASICS --
A lot of people ask us if they should form an LLC or form a Corporation.
Let's discuss the major differences.
LLCs don't have to elect a board of directors; Corporations do.
LLCs don't need to hold board meetings; Corporations do.
LLCs don't have to keep records of all their meetings; Corporations do.
LLCs are not subject to double taxation; Corporations are.
LLCs can distribute profits however they want; Corporations can't.
In short, LLCs are the most popular and the most flexible business structure for business owners, entrepreneurs and real estate investors.
LLCs are also inexpensive to setup. You'll pay a one-time filing fee to...
[=================================]
For the full article, please visit: http://llcuniversity.com
[=================================]
- published: 06 Nov 2015
- views: 2300
-
IRA LLC
published: 22 May 2015 -
Peter Gantous at the LLC
published: 21 Mar 2017 -
Luigi Bian South32 LLC.
published: 04 Feb 2017 -
term cast [LLC]
published: 10 Jan 2017 -
-
Nexixen LLC Live Stream
published: 18 Oct 2016 -
LLC Part 2
published: 21 Sep 2016 -
Slatencraft LLC Live Stream
published: 11 Sep 2016 -
Slatencraft LLC Live Stream
published: 02 Sep 2016 -
Slatencraft LLC Live Stream
published: 26 Aug 2016
IRA LLC
- Order: Reorder
- Duration: 40:47
- Updated: 22 May 2015
- views: 70
- published: 22 May 2015
- views: 70
Peter Gantous at the LLC
- Order: Reorder
- Duration: 1:52:56
- Updated: 21 Mar 2017
- views: 3
- published: 21 Mar 2017
- views: 3
Luigi Bian South32 LLC.
- Order: Reorder
- Duration: 1:40:03
- Updated: 04 Feb 2017
- views: 1
- published: 04 Feb 2017
- views: 1
term cast [LLC]
- Order: Reorder
- Duration: 1:38:52
- Updated: 10 Jan 2017
- views: 0
- published: 10 Jan 2017
- views: 0
BHaFSec, LLC Lifestream
- Order: Reorder
- Duration: 52:31
- Updated: 09 Nov 2016
- views: 120
Yep.
Yep.
https://wn.com/Bhafsec,_Llc_Lifestream
Nexixen LLC Live Stream
- Order: Reorder
- Duration: 3:15:50
- Updated: 18 Oct 2016
- views: 5
- published: 18 Oct 2016
- views: 5
LLC Part 2
- Order: Reorder
- Duration: 59:11
- Updated: 21 Sep 2016
- views: 79
- published: 21 Sep 2016
- views: 79
Slatencraft LLC Live Stream
- Order: Reorder
- Duration: 6:21:16
- Updated: 11 Sep 2016
- views: 0
- published: 11 Sep 2016
- views: 0
Slatencraft LLC Live Stream
- Order: Reorder
- Duration: 2:55:50
- Updated: 02 Sep 2016
- views: 1
- published: 02 Sep 2016
- views: 1
Slatencraft LLC Live Stream
- Order: Reorder
- Duration: 11:04:25
- Updated: 26 Aug 2016
- views: 0
- published: 26 Aug 2016
- views: 0
fullscreen slideshow
- Playlist
- Chat
fullscreen slideshow
- Playlist
- Chat
2:00
What is a Limited Liability Company or LLC? - LLC.com
For more information on forming an LLC or to receive a free LLC formation guide, to go htt...
published: 19 Aug 2014
What is a Limited Liability Company or LLC? - LLC.com
What is a Limited Liability Company or LLC? - LLC.com
- Report rights infringement
- published: 19 Aug 2014
- views: 127788
8:49
All Up In Yo' Business: How Do I Pay Myself in a Single-Member LLC?
One question that I get asked quite often, because it’s a really good question, is how the...
published: 04 Nov 2014
All Up In Yo' Business: How Do I Pay Myself in a Single-Member LLC?
All Up In Yo' Business: How Do I Pay Myself in a Single-Member LLC?
- Report rights infringement
- published: 04 Nov 2014
- views: 81406
6:29
How to Form An LLC
www.llcwizard.com - Forming An LLC is simple when you know proper steps. I have outlined ...
published: 20 Dec 2011
How to Form An LLC
How to Form An LLC
- Report rights infringement
- published: 20 Dec 2011
- views: 49066
1:06:35
Fat Cat Secrets How LLC's make you Bank- Stuff Your Lawyer Will Never Tell You
TODAY'S SPECIAL 03/13/17 - The Never Broke Action Pack - http://bit.ly/neverbroke . get a ...
published: 02 Dec 2016
Fat Cat Secrets How LLC's make you Bank- Stuff Your Lawyer Will Never Tell You
Fat Cat Secrets How LLC's make you Bank- Stuff Your Lawyer Will Never Tell You
- Report rights infringement
- published: 02 Dec 2016
- views: 2123
5:22
"My experience" Filing for LLC INC and EIN number
Just give us some basic information on filing for your LLC Inc and obtaining your EIN numb...
published: 05 Feb 2016
"My experience" Filing for LLC INC and EIN number
"My experience" Filing for LLC INC and EIN number
- Report rights infringement
- published: 05 Feb 2016
- views: 5784
8:44
All Up In Yo' Business: Sole Proprietor, LLC, or Corporation?
What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw
Top 10 Things Every LLC N...
published: 15 Mar 2015
All Up In Yo' Business: Sole Proprietor, LLC, or Corporation?
All Up In Yo' Business: Sole Proprietor, LLC, or Corporation?
- Report rights infringement
- published: 15 Mar 2015
- views: 39018
4:54
How much does it cost to setup an LLC?
➡ Full cost breakdown: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc...
published: 15 Apr 2016
How much does it cost to setup an LLC?
How much does it cost to setup an LLC?
- Report rights infringement
- published: 15 Apr 2016
- views: 2164
4:17
Taxation of an LLC
An LLC can choose how to be taxed based on what will be best for the company's bottom line...
published: 19 Jun 2014
Taxation of an LLC
Taxation of an LLC
- Report rights infringement
- published: 19 Jun 2014
- views: 30417
4:50
Putting Property Into an LLC
How to put property into a Limited Liability Company. More at http://www.llcwizard.com/eff...
published: 18 Jul 2015
Putting Property Into an LLC
Putting Property Into an LLC
- Report rights infringement
- published: 18 Jul 2015
- views: 6138
3:58
What is an LLC? - Form an LLC (1/11)
▶▶ Learn more about LLCs: http://llcuniversity.com ◀◀
In this video, we explain:
- What ...
published: 06 Nov 2015
What is an LLC? - Form an LLC (1/11)
What is an LLC? - Form an LLC (1/11)
- Report rights infringement
- published: 06 Nov 2015
- views: 2300
fullscreen slideshow
- Playlist
- Chat
2:00
What is a Limited Liability Company or LLC? - LLC.com
For more information on forming an LLC or to receive a free LLC formation guide, to go htt...
published: 19 Aug 2014
What is a Limited Liability Company or LLC? - LLC.com
What is a Limited Liability Company or LLC? - LLC.com
- Report rights infringement
- published: 19 Aug 2014
- views: 127788
8:49
All Up In Yo' Business: How Do I Pay Myself in a Single-Member LLC?
One question that I get asked quite often, because it’s a really good question, is how the...
published: 04 Nov 2014
All Up In Yo' Business: How Do I Pay Myself in a Single-Member LLC?
All Up In Yo' Business: How Do I Pay Myself in a Single-Member LLC?
- Report rights infringement
- published: 04 Nov 2014
- views: 81406
6:29
How to Form An LLC
www.llcwizard.com - Forming An LLC is simple when you know proper steps. I have outlined ...
published: 20 Dec 2011
How to Form An LLC
How to Form An LLC
- Report rights infringement
- published: 20 Dec 2011
- views: 49066
1:06:35
Fat Cat Secrets How LLC's make you Bank- Stuff Your Lawyer Will Never Tell You
TODAY'S SPECIAL 03/13/17 - The Never Broke Action Pack - http://bit.ly/neverbroke . get a ...
published: 02 Dec 2016
Fat Cat Secrets How LLC's make you Bank- Stuff Your Lawyer Will Never Tell You
Fat Cat Secrets How LLC's make you Bank- Stuff Your Lawyer Will Never Tell You
- Report rights infringement
- published: 02 Dec 2016
- views: 2123
5:22
"My experience" Filing for LLC INC and EIN number
Just give us some basic information on filing for your LLC Inc and obtaining your EIN numb...
published: 05 Feb 2016
"My experience" Filing for LLC INC and EIN number
"My experience" Filing for LLC INC and EIN number
- Report rights infringement
- published: 05 Feb 2016
- views: 5784
8:44
All Up In Yo' Business: Sole Proprietor, LLC, or Corporation?
What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw
Top 10 Things Every LLC N...
published: 15 Mar 2015
All Up In Yo' Business: Sole Proprietor, LLC, or Corporation?
All Up In Yo' Business: Sole Proprietor, LLC, or Corporation?
- Report rights infringement
- published: 15 Mar 2015
- views: 39018
4:54
How much does it cost to setup an LLC?
➡ Full cost breakdown: https://www.llcuniversity.com/how-much-does-it-cost-to-setup-an-llc...
published: 15 Apr 2016
How much does it cost to setup an LLC?
How much does it cost to setup an LLC?
- Report rights infringement
- published: 15 Apr 2016
- views: 2164
4:17
Taxation of an LLC
An LLC can choose how to be taxed based on what will be best for the company's bottom line...
published: 19 Jun 2014
Taxation of an LLC
Taxation of an LLC
- Report rights infringement
- published: 19 Jun 2014
- views: 30417
4:50
Putting Property Into an LLC
How to put property into a Limited Liability Company. More at http://www.llcwizard.com/eff...
published: 18 Jul 2015
Putting Property Into an LLC
Putting Property Into an LLC
- Report rights infringement
- published: 18 Jul 2015
- views: 6138
3:58
What is an LLC? - Form an LLC (1/11)
▶▶ Learn more about LLCs: http://llcuniversity.com ◀◀
In this video, we explain:
- What ...
published: 06 Nov 2015
What is an LLC? - Form an LLC (1/11)
What is an LLC? - Form an LLC (1/11)
- Report rights infringement
- published: 06 Nov 2015
- views: 2300
fullscreen slideshow
- Playlist
- Chat
40:47
IRA LLC
published: 22 May 2015
IRA LLC
IRA LLC
- Report rights infringement
- published: 22 May 2015
- views: 70
1:52:56
Peter Gantous at the LLC
published: 21 Mar 2017
Peter Gantous at the LLC
Peter Gantous at the LLC
- Report rights infringement
- published: 21 Mar 2017
- views: 3
1:40:03
Luigi Bian South32 LLC.
published: 04 Feb 2017
Luigi Bian South32 LLC.
Luigi Bian South32 LLC.
- Report rights infringement
- published: 04 Feb 2017
- views: 1
1:38:52
term cast [LLC]
published: 10 Jan 2017
term cast [LLC]
term cast [LLC]
- Report rights infringement
- published: 10 Jan 2017
- views: 0
52:31
BHaFSec, LLC Lifestream
Yep.
published: 09 Nov 2016
BHaFSec, LLC Lifestream
3:15:50
Nexixen LLC Live Stream
published: 18 Oct 2016
Nexixen LLC Live Stream
Nexixen LLC Live Stream
- Report rights infringement
- published: 18 Oct 2016
- views: 5
59:11
LLC Part 2
published: 21 Sep 2016
LLC Part 2
LLC Part 2
- Report rights infringement
- published: 21 Sep 2016
- views: 79
6:21:16
Slatencraft LLC Live Stream
published: 11 Sep 2016
Slatencraft LLC Live Stream
Slatencraft LLC Live Stream
- Report rights infringement
- published: 11 Sep 2016
- views: 0
2:55:50
Slatencraft LLC Live Stream
published: 02 Sep 2016
Slatencraft LLC Live Stream
Slatencraft LLC Live Stream
- Report rights infringement
- published: 02 Sep 2016
- views: 1
11:04:25
Slatencraft LLC Live Stream
published: 26 Aug 2016
Slatencraft LLC Live Stream
Slatencraft LLC Live Stream
- Report rights infringement
- published: 26 Aug 2016
- views: 0
IRA LLC...
Peter Gantous at the LLC...
Luigi Bian South32 LLC....
![term cast [LLC]](http://web.archive.org./web/20170621212618/https://i.ytimg.com/vi/VCp9DvzUT9w/0.jpg)
term cast [LLC]...
BHaFSec, LLC Lifestream...
Nexixen LLC Live Stream...
LLC Part 2...
Slatencraft LLC Live Stream...
Slatencraft LLC Live Stream...
Slatencraft LLC Live Stream...
See more photos of llc
-
Lyrics list:lyrics
-
Black Cat Bone, Laika
-
T. Street, Laika
-
Red River, Laika
-
Bedbugs, Laika
-
Dirty feet + giggles, Laika
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Go Fish, Laika
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Lie low, Laika
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Moccasin, Laika
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Uneasy, Laika
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We Were Young, Lucky 7
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Black Cat Bone
Must have been the devil who changed my mind
Must have been the wind blowing not me crying
Half the joy of icaving was the space I left behind
Now I'm back, angelheaded holloweyed
Placed myself at the eye of the storm
Just didn't see the signpost to scorn
The blue sky wrinkled through my tears
Them darkness grounded all my fears
I gave him my sugar; he switched it for salt
Should have seem him coming that's always my fault
Rocks for my pillow and sand for my bed
For better or worse I left him for dead
But two rivers to each other run
Words that shook me like the kick of a gun
Had something in my heart ain't got no name
Turned out he left the same
Ain't it lonesome, ain't it sad
I was the only happiness he ever had
By indian river the vows were said
In a red devil's dress I was wed
Cat cat bone, cat cat cat bone x8
Bitch baby round lady
Came to me in a dream
Them lightning struck and thunder roared
And nothing was as it seemed
A two-headed doctor walked on the water
And buried a lemon outside my door
He turned and laughed, threw up his hands
When I asked him what it was for
He sang 'ships in the ocean rocks in the sea
Blond-headed woman made a fool outta me'
Them everything went crazy
My shoes filled with blood
The water rose the wind did howl
The river looked ready to flood
I left my man asleep to drown
And ran without looking back around
Ring the bells of mercy
Send the sinnerman home
The keys to the kingdom are lost and gone
And I'm left to die alone
All these irls grown old now
All that long hair in the grave
Realize what's done is done
It's far too late to be saved
Yeah cat cat cat x3
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Report: U.S. Spy Satellites Detect New Activity At North Korean Nuclear Test Site
Edit WorldNews.com 21 Jun 2017
For the first time in several weeks, U.S. officials have told CNN, U.S. spy satellites have detected new activity at North Korea’s underground nuclear test site. The on-going work involves some modifications around one of the tunnel entrances to an underground test area, the report said.U.S ... military options for North Korea have recently been updated....
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Trial begins over deaths of 71 migrants in refrigerated lorry
Edit The Guardian 21 Jun 2017
Men face charges including torture and ‘homicide with particular cruelty’ after horrific discovery by Austrian motorway. Refugees. Trial begins over deaths of 71 migrants in refrigerated lorry. Men face charges including torture and ‘homicide with particular cruelty’ after horrific discovery by Austrian motorway ... Hungarian police make arrests over lorry containing 71 bodies. Read more ... He held a sign in Pashto reading ... Read more ... ....
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Dashcam video shows officer firing 7 shots into Castile car
Edit Arizona Daily Star 21 Jun 2017back
Scientist: Not A Question Of If, But When, Asteroid Strikes Earth, Destroys Cities
Edit WorldNews.com 21 Jun 2017
The likelihood of an asteroid strike on Earth is just a matter of time, scientists say, and the damage caused by such a strike would destroy major cities, Press Trust of India reported. The warning comes days ahead of Asteroid Day, to be observed on June 30. In 1908, a small asteroid exploded over Tunguska in Russia's Siberia, leveling trees and burning the ground over 2,000 square kilometers, the report said....
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Russian defense minister's plane buzzed over Baltic by NATO jet: TASS
Edit Daily Star Lebanon 21 Jun 2017
A plane carrying Russian Defense Minister Sergei Shoigu was buzzed by a NATO F-16 fighter jet as it flew over the Baltic Sea, but was chased away by a Russian military jet, the TASS news agency reported on Wednesday ... ....
SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Aaron's, Inc. (AAN)
Edit Market Watch 21 Jun 2017
NEW YORK, June 21, 2017/PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Aaron's, Inc ... You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC ... Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique ... SOURCE Bronstein, Gewirtz & Grossman, LLC....
Tech Mahindra unit to sell LLC Pakistan stake for $5.2 mn
Edit Financial Express 21 Jun 2017
Tech Mahindra today said one of its subsidiaries will sell shares in LCC Pakistan to Talkpool AG, Switzerland, for $5.2 million (Rs 33.54 crore). The post Tech Mahindra unit to sell LLC Pakistan stake for $5.2 mn ... ....
SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Booz Allen Hamilton Holding Corporation (BAH) and Lead Plaintiff Deadline: August 18, 2017
Edit Market Watch 21 Jun 2017
NEW YORK, June 21, 2017/PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that ... or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 ... Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique ... SOURCE Bronstein, Gewirtz & Grossman, LLC....
Tech Mahindra unit to sell LLC Pak stake for $5.2 mn
Edit DNA India 21 Jun 2017
"One of the company's step down subsidiary viz LCC Middle East FZ LLC agreed to sell its 100 per cent shareholding in LCC Pakistan (Pvt) Ltd to Talkpool AG, Switzerland, today... Total consideration for the sale of shares will be USD 5.2 million," Tech Mahindra said in a BSE filing ... ....
/C O R R E C T I O N from Source -- S&P; Dow Jones Indices LLC./
Edit Market Watch 21 Jun 2017
TORONTO, Jun 20, 2017 (Canada NewsWire via COMTEX) -- In the news release, S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices, issued 20-Jun-2017 by S&P Dow Jones Indices LLC. over CNW, we are advised by the company that CIBC's acquisition of PrivateBancorp, Inc. has not yet been completed. The complete, corrected release follows. ... SOURCE S&P Dow Jones Indices LLC ... SOURCE. S&P Dow Jones Indices LLC....
Loews Hotels & Co and KC Hotel Developers LLC Partner on New Kansas City Convention Center Hotel
Edit Market Watch 21 Jun 2017
KANSAS CITY, Mo., June 21, 2017 /PRNewswire/ -- Loews Hotels & Co, a wholly owned subsidiary of Loews Corporation L, -0.38% and KC Hotel Developers LLC announce a partnership to build the new Loews Kansas City (KC) Convention Center Hotel ... "We are excited to have Loews Hotels as our partner in every aspect of the KC Convention Hotel project," said Mike Burke, principal at KC Hotel Developers LLC....
WestRock to Acquire Assets from Island Container Corp. and Combined Container Industries LLC
Edit Stockhouse 21 Jun 2017
NORCROSS, Ga., June 21, 2017 (GLOBE NEWSWIRE) -- WestRock Company (NYSE.WRK) today announced that it has entered into agreements to acquire substantially all of the assets of Island Container Corp. and Combined Container Industries LLC, which together are independent producers of corrugated boxes, sheets and point-of-purchase displays ... The consideration will be made in cash. The transaction is subject to customary closing conditions ... ....
Sharing Services, Inc. Invests into Medical Smart Care, LLC for Additional Incentive Programs
Edit Nasdaq Globe Newswire 21 Jun 2017
ORANGE, Calif., June 21, 2017 (GLOBE NEWSWIRE) -- Sharing Services, Inc. (OTC Markets.SHRV) announced today that it is investing in Medical Smart Care, LLC (“MSC”) and its unique health benefits card program. The investment will include ownership of 40% of MSC with the opportunity to acquire the remaining ownership interest in MSC in whole at a later date ... ....
Loews Hotels & Co and KC Hotel Developers LLC Partner on New Kansas City Convention ...
Edit Stockhouse 21 Jun 2017
PR Newswire....
SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Booz Allen ...
Edit PR Newswire 21 Jun 2017
NEW YORK, June 21, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Booz Allen Hamilton Holding Corporation ("Booz Allen " or the "Company") (NYSE. BAH) securities and certain of its ... ....
Dahl Administration, LLC: If You Bought Natural Gas Between January 1, 2000 and October 31, ...
Edit PR Newswire 21 Jun 2017
MINNEAPOLIS, June 21, 2017 /PRNewswire/ -- Settlements have been reached with certain defendants in a series of class action lawsuits involving natural gas. Why was this notice published? Settlements have been reached with certain defendants in a series of class action lawsuits ... ....
Pennsville property sells for $1.725M | South Jersey real estate
Edit NJ dot com 21 Jun 2017
-- 343 Cobbs Mill Road, 27 Kristine Court and 10 Kristine Court, CJL-Cobbs Mill LLC to I & H Builders LLC for $120,000 ... -- 588 Shiloh Pike, Carol Kolonich to Bridgeton Shiloh Pike DG LLC for $240,000 ... -- 14 Twin Oaks Dr., Sherwood At Twin Oaks LLC to Terrence Upchurch for $163,400 ... -- 1081 Route 40, Drimones LLC to Cassaday Road Stand LLC for $525,000 ... -- 214 Waterbury Court, Erbs Investors LLC to Dipu and Divya Raju for $306,475....
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