How to Set Up an LLC in 2024 From Start to Finish (Step-by-Step Guide)

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LLCs are extremely popular business structures that have a lot of benefits such as liability protection. However, despite their popularity, a lot of new business owners have no idea how to actually set up an LLC. Luckily, the process is relatively straightforward, although there are some important changes for 2024.

In this video, tax expert Karlton Dennis explains how to set up an LLC in 2024 from start to finish. He provides a complete guide that can help you to get your LLC up and running within just 8 short steps. When done correctly, an LLC can be set up in as little as a few days with approval from the government coming within a few short weeks.

If you are someone who wants to learn how to set up an LLC in 2024, then this is a good video for you to watch. The rules for LLCs are slightly different in 2024 and many LLCs are required to file beneficial ownership information or “BOI” reports with the government. Karlton explains this step for setting up LLCs as well in this video.

CHAPTERS:
0:00 Intro
0:51 Step 1: Select a Name for Your LLC
1:59 Step 2: Appoint a Registered Agent
2:50 Step 3: File Your Articles of Organization
4:06 Step 4: Create an Operational Agreement
4:36 Step 5: Obtain Your EIN Number
4:55 Step 6: Set Up Your Bank Account
5:18 Step 7: File a BOI Report with FinCEN
6:22 Step 8: Keep Your LLC in Good Standing
7:05 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.

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