Do This Before Setting Up an LLC

Save
1 year ago
18
Finance & Crypto taxes tax help tax expert how to file taxes karlton dennis taxes 101 tax deduction tax strategies tax planning how to pay less taxes with an llc

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! AUGUST 5-9 2024!
https://join.taxalchemy.com/join-thechallenge?utm_source=youtube

TAKING THE NEXT STEP:

Join The Tax Strategy Accelerator Community â–¶ https://www.taxstrategyaccelerator.com/?utm_source=youtube

Download the Short-Term Rental Rule E-Book! â–¶ https://ebook.taxalchemy.com/?utm_source=youtube

Book a Professional Tax Strategy Consultation â–¶ https://www.taxalchemy.com/consultation-survey?utm_source=youtube

Watch this FREE Webinar on How to Cut Your Tax Bill in Half as a Real Estate Investor â–¶ https://join.taxalchemy.com/registration?utm_source=youtube

Get Help Setting up Your LLC, Now â–¶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink=&afftrack=

Countless entrepreneurs will set up LLCs this year in America. However, a large percentage of them will make critical mistakes that can slow them down significantly. If you are thinking about setting up an LLC, then you are far better off knowing which mistakes to avoid before you get started.

In this video, tax expert Karlton Dennis breaks down all of the key mistakes you should avoid when you are setting up your LLC. He also explains everything else you should do before you set up your LLC to make sure that you do not run into key problems that could interrupt your LLC’s growth.

Topics that Karlton discusses in this video include which state you should set your LLC up in, virtual addresses, doing bookkeeping correctly, and more. Whether this is your first LLC or your fiftieth, it can be extremely beneficial to know LLC setup best practices in order to get your business up and running smoothly.

CHAPTERS:
0:00 Intro
0:20 Set Up Your LLC in Your Own State
1:35 Buy a Virtual Address
2:49 Set Up QuickBooks the Same Day You Start Your Business
4:00 Leave Your Name Off Your LLC
5:46 Have a Lawyer Create an Operating Agreement Before You Start Making Money
7:11 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#llc #smallbusiness #taxstrategy #entrepreneur

Loading comments...