How to form an LLC? | Webinar with Matt Horwitz of LLC University®
ฝัง
- เผยแพร่เมื่อ 11 ก.ค. 2024
- What are the steps to forming a Limited Liability Company (LLC)? What is the best to form an LLC in? Learn about LLCs, their benefits, why to form an LLC, and how you can form an LLC.
Product licensing expert Andrew Krauss and LLC University® founder, Matt Horwitz, discuss all about LLCs in this webinar.
Andrew and Matt cover the basics of LLCs and then get into the details about LLC formation, LLC taxation, LLC benefits, and common myths in the LLC industry.
About LLC University:
LLC University® teaches people how to form LLCs step-by-step, completely for free, in every state.
Visit LLC University:
www.llcuniversity.com/
About InventRight:
Stephen Key and Andrew Krauss are the world's leading experts on how to license a product idea. If you have an invention idea, this is the show to watch. Steve and Andrew are the cofounders of inventRight, a coaching program that has helped people from more than 60 countries license their ideas for new products.
Visit InventRight:
www.inventright.com/
©inventRight, LLC.
LLCU Publishing, LLC and inventRight, LLC do not offer legal, tax, or financial advice.
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Reference on this video to any specific commercial products, process, service, manufacturer, company, or trademark does not constitute its endorsement or recommendation by LLCU Publishing, LLC or inventRight, LLC or its hosts. This video may contain links to external websites that are not provided or maintained by or in any way affiliated with LLCU Publishing, LLC or inventRight, LLC. Please note that neither LLCU Publishing, LLC nor inventRight LLC guarantees the accuracy, relevance, timeliness, or completeness of any information on these external websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
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KEEP IT UP!!!!! GREAT WORK, NOT PUSHY FOR A PRODUCT SALE AND HELPFUL INFORMATION, YOU ARE ROCKING, GOD BLESS YOU! We need more people like you for clear,easy and helpinng hand.
Thanks so much! Appreciate the kind words :-)
I AM SOOOO HAPPY I found your Link and TH-cam Channel. Even though I was familiar with what to do, your resources helped me MORE THAN I COULD EXPLAIN. I AM so excited, I WILL BE sharing your site with others. Thank you sooo much for producing such a top-notch product/service where the information is PRICELESS and it's FUN too (not boring) :-D. Thanks again Matt and HAPPY & BLESSED 2022!! Whoooo Hooooo!! :-)
You are SOOOO kind Racquel!! Thanks so much!! So lovely to hear. And so glad we could help :)
@@llcuniversity You're welcomed Matt & Fab Staff :-)....Blessings and more Blessings :-)
@@racquelmarshall2928 Thank you so much Racquel!!
You and your team, so appreciated!
Thanks so much! You're very welcome Orie :)
Thank you so much! Such a great and informative video!
You're very welcome Julia! Thank you!
This was AWESOME!!!!!!!!!!!!!!!!!!!!!! Thank you so much!
Thanks Keke!!! You're super welcome :)
good stuff!
Thank you!
This video is really useful 👍👍👍
Could you please suggest a video of how to fill W-7 form for non-resident to get an ITIN?
Thank you so much dear Matt!
Hi Kar, you only need an ITIN if you have a US tax filing responsibility. You might not (best to check with an accountant). You may find these pages helpful:
www.llcuniversity.com/irs/how-to-apply-for-ein-without-ssn/
www.llcuniversity.com/irs/form-5472-foreign-owned-llc/
www.llcuniversity.com/foreigners/open-us-bank-account-llc-non-resident/
www.llcuniversity.com/irs/how-to-apply-for-an-itin/
Hi Matt-
I 'm forming a opening a LLC in my home state for my real estate investment company, but now I'm confused because you mentioned that you should form a real estate LLC in the state where you plan to do business. I plan to do business in more than one state though? Finally, really like LLC U
!
Hi Fredrick, how many properties approximately will you buy? Do you want them all owned by the same LLC? Will you be using financing?
Hi Matt- Since reaching out, I've done some additional and have come up with a strategy for opening my real estate based LLC. I start by opening a Manager managed LLC in Wyoming and then subsequent Member managed LLC in the states that I acquire property in. I 'm curious to see what you think?@@llcuniversity
Hey Fredrick, you beat me to it. That's why I asked about the number of properties. Yes, that is a common setup. It's administratively more easy to make all the child LLCs Manager-managed by you. Signing for things is much easier this way. Otherwise, the signature blocks for Member-managed LLCs (where the LLC is managed by another entity) get longer... and it can sometimes get confusing. Hope that helps.
@LLC University hi matt, Thank you very much for such a incredible thing to share with us. I wanna ask 1 thing I just wanna change my registered agent address, what should I do? ❤
You're very welcome! I just replied to that in your other comment.
Hi. While forming the LLC, the Wyoming state asks for the Name and adress of the Organizer, should I put my own home adress (outside US) in the adress field or should I put the US virtual adress that I purchased???
Thanks
Hi Devang, for the Organizer address, use the US address. Hope that helps.
Hey ! Thanks for such a great value. I'm a Non-US resident. Which state would be the best for formation of LLC for Non- Us resident like me ? Also, Can I put my home address (located outside US) in office and mail adress column? I'd really love to have your recommendations.
Hi Devang, you can pick any state you'd like (if you're not doing business in the USA). There really isn't a "best state" for non-US residents (even though many websites make you think that). Check out Ohio if you want a simple, affordable state. When you ask about the office and mail address column, what form are you talking about (and for what state)?
@@llcuniversity let's assume the state to be Wyoming.. while applying for LLC, there is column which ask for Principal address.. so if I put my home's adress there(not located in US), would it be okay?
@@akindia8519 - Okay, for Wyoming, the Principal address and mailing address can be outside the USA. The address that needs to be inside the USA is the Registered Agent address: www.llcuniversity.com/wyoming-llc/registered-agent/
@@llcuniversity thanks a lot🙏
@@llcuniversity hi matt, Thank you very much for such a incredible thing to share with us. I wanna ask 1 thing I just wanna change my registered agent address, what I should I do? ❤
Hi MATT! . I am a resident outside the US and like your opinion for best LLC formation in this 3 states (ARIZONA, MISSOURI or New Mexico) if I like the business for sale on Amazon, Affiliates and mainly company focused on investments in tax guarantee and tax deed .... I think I need the registered agent if I understand that Northwest does this and the annual fee (u 125) includes a physical address for the LLC to receive correspondence for 1 year and also serves as a physical address address of my LLC business in the US, right? The bank account is free and open with Mercury bank, okay? If I choose to do the EIN on my own, my initial expense to open an LLC and have a bank account would be around U 220 to do the opening of the LLC, right?(LLC + MERCURY + Registered Agent).... Other than that I will have to pay an accountant to account to the IRS, this expense would be how much approximately per month for a small business with little movement? Thank you for your time and sorry for the endless questions. 🙄 😳
Hey! Yes, you understand all that correctly. Accountants usually charge per year (although some may do monthly). It ranges. It could be $500 per year up to ~$2,000 per year. It depends on the complexity of the business and its filing requirements.
@@llcuniversity Thank you
@@melhoresprodutos8899 You're welcome.
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Thanks LLC University is helpful to found straightforward Information now I have better understanding how to form LLC , so many another website trying to confuse you and sale something I just found that EIN Nr is completely for free , not $90 as some of them trying to convince you to buy , thanks again is very helpful
You're very welcome! So glad we could help make things simpler :) And yes, EINs are free!
Can Pakistani nationals go fo for LLC living in Pakistan ??
Yes, any non-US resident can form an LLC in the US. However, if they come from an OFAC restricted country, they won't be able to open a business bank account in the US.