Do This Before Setting Up an LLC in 2026!

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Starting a new business is exciting, but forming an LLC can be tricky if you’re not careful. Many new business owners make mistakes that end up costing time, money, and even peace of mind. Knowing what to watch out for early can save you from headaches down the line. Understanding the common pitfalls before you start can make the difference between a smooth launch and costly setbacks.

In this video, tax expert Karlton Dennis explains some of the most common mistakes LLC owners make—and what you can do to avoid them. From decisions about where to form your LLC to protecting your personal information and keeping your finances in order, Karlton breaks down the key areas that often trip up entrepreneurs.

Following these insights can help you start your business on the right foot, safeguard your personal and financial information, and set yourself up for long-term success. Even if you’ve already formed an LLC, understanding these pitfalls can help you make smarter choices moving forward.

CHAPTERS:
0:00 Intro
0:21 Choose the Right State for Your LLC
1:44 Protect Your Privacy with a Virtual Address
3:32 Set Up Accounting from Day One
4:38 Choose a Business Name That Works
6:10 Use an Operating Agreement to Avoid Disputes
7:26 Planning for Long-Term Success
8:25 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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