Everything you NEED to Know About Multi-Member LLC in 2023

Multi-member LLC's! Are you ready to go into business with a friend, family member or business partner? Well, choosing a Multi-member LLC could be the best decision you could make! Listen up as we go through how to form, run and maintain a Multi-member LLC...
💡What is a Multi-Member LLC?
💡What are the benefits of a Multi-Member LLC?
💡What are Potential Drawbacks of a Multi-Member LLC?
🔵 And much more!
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- CHAPTERS -
0:01 - Introduction
0:22 - What is a Multi-member LLC?
0:44 - What are the benefits of a Multi-member LLC?
0:47 - Protection from personal liability
1:06 - Flexible taxation
1:32 - Teamwork
1:45 - Succession planning
2:02 - Forming a Multi-member LLC
2:06 - Business Name
2:14 - Registered agent
2:39 - Articles of organization
2:50 - Operating agreement
3:15 - EIN
3:31 - Running a Multi-member LLC
3:34 - Keeping up with paperwork
3:51 - Keeping records
4:01 - Making decisions
4:24 - Getting licenses and permits
4:35 - Potential downsides of a Multi-member LLC
4:39 - Risk to personal liability protection
5:31 - Self-employment taxes
6:10 - Possibility of disagreements
6:41 - When is a Multi-member LLC a good choice?
6:45 - Sharing the load
6:55 - Attracting Investors
7:13 - Sharing profits and losses
7:27 - Summary
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the team at StartGlobal. The speaker does not guarantee any particular outcome.
#LLC #LLCAddress #USNonResident #RegisteredAgent

[@crunchy_wahter]

I have formed a multi-member LLC, but want to form a non-partnership EIN. Is it legal to form the EIN under single-member just for the protection benefits?