Just put up the latest comparison: ZenBusiness vs Stripe Atlas vs Doola vs BetterLegal: th-cam.com/video/ooDzkZbIOmI/w-d-xo.html (so many of you requested ZenBusiness in particular!!)
Research is SO important! VERY important! Which is what I’ve been doing for a couple of days now😅 and then you feel comfortable to move forward once you come across something that makes SO much sense! And it it’s not “advertisement”…you did the research for us! Thank you! This video was VERY helpful!! 👍🏾👍🏾Excellent!!
I’m brand new to the LLC process and have seen so many “reviews” that end up pushing you to an affiliate link or just flat out feel like a sales pitch - I cannot express how helpful and clarifying this video was! Thanks so much for this honest, unbiased research!
I was leaning toward Northwest and this just confirms what I thought. It looks like Northwest also has a $9/month business phone that's VOIP. I use VOIP at work and it's usually more clear than my cellphone. Love the content!
Make sure you call them! My application went nowhere the website stuff was not easy...took me weeks and instead of a llc i was asked howni would like to proceed? Uh thought i ordered an llc? Then got charged twice for trial phone that initially said was free! They did call me but my phone acts up and i missed it..by then i just gave up!
Wow!!!😮😮😮 Thank you so much for this video ma’am.. I myself am looking into starting my LLC. I was leaning towards Incfile.. but after watching your video, I probably will go for the Northwest for that little extra I believe it is worth it 🙏🏽🙏🏽
You're amazing. I already went the LegalZoom route two days before watching this video and I am like "ah man I should have done more research." Already several videos in now and subscribed. Thank you for your insight!
IDK how many videos it took for me to find you but I'm so grateful for your breakdown. It was so much more straight forward and I could actually understand the breakdown! Thank you so much!
I recently helped a client set up an LLC through Incfile. She also needed “a certificate of Good standing” In order to open her bank account. Which was a separate cost outside of Incfile, but Incfile allows you to file for it through the app. Incfile also did not allow us to set up a foreign registration in Puerto Rico, but North West Did. We got to experience both formation companies. Even though Incfile couldn’t do the foreign registry, they did include a bank account with their silver package 😉 they might not be able to deliver your documents as fast as North West, but Incfile offers the option to expedite for $50 and they offer more bang for your buck!
Thank you for this info! I was going to look into incfile + expedited because it put it nose and nose with northwest and is also pretty highly rated in my research.
Hey thank you so much for making this! I've been wanting to switch from operating as a Sole Proprietor to an LLC but the process is way to overwhelming for me. This helped a lot.
Thank you so much! What Tailor Brands did was absolutely horrible! They overwrote your decision and hoped you wouldn't notice lol...I'm going to pick Northwest. Thanks for doing the research for us!!
Wow, thank you! I just came across your video and was looking at LegalZoom, but I was curious about other companies. I think Northwest makes the best sense. I am going to take a closer look at Northwest. Thank you so much!
Bingo!!!! Exactly what I needed. I was inclining toward Incfile, now understand this better. Northwest seems to fit my needs better. Thank you for this information packed video as always.
Thank you for the video. Clear and detailed. Obtaining the EIN is so easy, free, and instant. These companies are making a killing just by filling out that 1 page form for people.
@@ElizabethPWCan't someone as easily file for an EIN with the IRS than going through one of these companies. Fun Fact: LegalZoo has been around since the late 90s,. I remember being high school and seeing Robert Shapiro ( that Robert Shapiro) doing ads for LegalZoom , I'm pretty sure he's one of the founders.
Yeah I kept wondering if I was missing something. I can just uncheck the box and then go get the EIN myself, right? In many cases it's a 5 minute phonecall and you're done. I'm confused.
Hey, thank you for doing the research for what websites to use to file for an LLC! I was going to lean towards Tailor Brands, now I know what to use! Ill try Northwest
I just checked Incfile and now it just takes 4 weeks instead of 8 weeks to form your LLC wihtout expedited filing service (you can upgrade to it for your filing in 5 business days for $50)
Thanks for that info! I did use incfile to create an LLC to test them, and it took them even less time. I think they underpromise and deliver faster so people are happier
On the contact details for NORTHWEST, what address am I to use? Why would I use my personal? Doesnt that defeat the purpose of using a registered agent?
Especially Thanks to Elizabeth.....🙌💛 I will choose NORTHWEST because I am a Bangladeshi citizen. I don't have an SSN, and without an SSN, it will take more than 3 months to get your EIN, but it's not like NORTHWEST forces you to take their complete package like others do; you only get your EIN by fax. can apply for It and its very easy, guys; otherwise, you can use their registration agent address. I actually like their honesty, and if you are a beginner, I would recommend NORTHWEST. Best wishes for everyone!💛🤲
Wow great video! I wish I found this 6 months ago before I went to Legal Zoom could've saved me a few hundred dollars. Plus I ordered a DBA for my sole proprietorship but the bank would not let me open an account with all the licenses and certificates that I had cause I needed my DBA Certificate which I did not receive from my county clerks office but was told by (not one) but 3 Legal Zoom employees that I didn't need the certificate and that I WOULD NOT be getting a Physical DBA Certificate. THEY WERE WRONG! All 3 of them. I called the County Clerks office and they said they sent me one but will send me another one in which I did receive. Long story short my Bank was right and Legal Zoom was wrong. Thank you for this video.
Thanks! I have two mic's - one is attached to my computer (www.amazon.com/gp/product/B08CVP2HXP/ ) and the other is attached to my camera (RODE VideoMic GO Lightweight On-Camera Microphone, got as part of a "content creator kit" for the Canon m50)
🤝 Thank you for sharing your detailed LLC formation comparison review. 👍👍 Great educational content! Keep up the outstanding job. 🤔I started doing opening an LLC online, and I stopped to do more research. After watching countless TH-cam video contests about forming an LLC from LLC Buddy, Life Accounting, etc., I've decided to use a professional service as I will definitely spend way more money doing it myself. 🙄 Articles of Organization is $200 for my state, Certificate of Publication costs $50, Biennial Report/Statement is $9, and plus the registered agent along with the virtual business address which varies. These are required! Hiring Northwest Registered Agent for $125 per year is not that painful. Offering legal services including this price would've been amazing. I started using iPostal1 basic plan, but I'll cancel it and choose Northwest. It'll be way less complicated.
thanks for sharing all the info... super helpful. quick question for you. I believe i may have jumped the gun and created my EIN before creating LLC. im hoping to create multiple LLCs under an umbrella organization. I created the EIN thinking it could be the umbrella. i was wondering if i could still create my other LLCs and just have the EIN and the multiple LLCs share a dba? this way the EIN could be used accross all the created LLCs. Is that possible?
If you want multiple LLCs under one umbrella, the umbrella has to be its own LLC. Or it could be a partnership of the multiple LLCs. But an EIN and a DBA -- those are not a legal entities.
@ElizabethPW thanks a bunch for the feedback... you got me as a subscriber 😀... i was trying to save dollars and avoid creating the other LLCs, 😒... but i guess there is no clear way... my company will be in the real estate industry and will hold real property... one LLC will capture commercial, the other residential, the other service... but all will be under the umbrella of a single "holding company" which is where my i created my EIN... so what im hearing is that i need to create LLCs for each entity and pay the registration agent fees for each, ☹️... if I created the EIN already do i need to modify the DBAs in the EIN application for the holding company to include all the other LLCs?
Thanks so much! ❤ You did a great job! I started using Legalzoom today & was so so confused by their pricing, whether I could be my own agent. I’m not usually intimidated by paperwork or doing things myself, but wanted to make sure I did things correctly! ❤
I just very quickly need to get my brand trademarked. I have had it for 12 years and want to do more with it. There are people who have created FB groups using my brand after I created it.
After watching your video, this has def made my life much easier. I was attempting to do this on my own, and my brain was just phew* - So def looking into these companies for some peace of mind! - I do have a question or in need of advice! I am relocating states in about 2 or so months, Do you have a recommendation on if i should file in my current state, or future? I haven't launched as yet-only gotten supplies and materials so far for the business.
Hm if you are moving in the next 2-3 months, and you're not ready to launch anyway, I'd set it up for the new state. Also then you can set it up to be effective in January, so you don't have any awkward tax paperwork for the two months of this year.
@@Denis-zp2hp i did mine through Tailor Brands and Marathon is right. Not just price. Their whole structure sucks!! 1) they post a contact phone number that they never answer. And then they told me they dont have a phone number. 2) good luck getting a reply when u have a question. 3) they double charged me, then said my payment failed. I had to send them proof the money was taken from my account. 4) i paid $800 for them to expedite it (they promised 3 days), took nearly a month….. and the list goes on. I have all the emails and everything to prove it.
Hello Elizabeth! Thanks for all your help! I applied for my LLC and EIN via Northwest to start next year as you suggested, but unfortunately, they filed my start date incorrectly (Nov 2022) and are now recommending to dissolve the LLC (per the CA Sec of State), refile the LLC (at the expense of Northwest) and once that happens the EIN will transfer to the "new" LLC (with the same company name) ... does this sound right? I'm worried that 1) if I keep it as is, it will cost more money because I would have to file taxes this year and lose out on the first year $800 filing fee waiver...2) it would make it look like my company had no profit the first year....3) it would have a negative effect when clients look up my company....but if I refile, I'm worried the EIN won't transfer....and I have already submitted applications with the EIN for licenses, etc. I'm feeling extremely discouraged. Please help! Thank you so much for everything!
Sorry to hear that happened!! If the LLC can be dissolved within *15 days* of formation (and you didn't do business with it), then you don't need to file a tax return for it for this year (www.ftb.ca.gov/about-ftb/newsroom/tax-news/december-2019/what-is-the-15-day-rule.html ). As far as no profit, I don't think anyone would really know -- the business would then not exist for 2022 and 2023 would be year one. For the EIN, I'm not sure of what the actual IRS rule would be, but I know of people who have done that (dissolved and re-formed) and the IRS didn't have a problem with it as long as the taxes on profits were paid on time and stuff was filed on time as required.
@@ElizabethPW Thank you for replying. Unfortunately, the LLC was filed on 11/8, so I am past the window. My tax person recommended an interspecies transfer (are you familiar with this?), but I can't find any information about that anywhere, and if I go with my tax person he will charge me a large fee, yet Northwest is offering to dissolve and refile the LLC at no cost. Any thoughts on this? Thanks so much for all of your help!! You are truly a godsend ❤❤❤
Hm I am not sure what the tax person is meaning. Well if the LLC is dissolved now and you earned no income, you would just file a tax return with all zero's for 2022. One aspect to ask Northwest is to confirm the name of the LLC will be available (and not locked up as allocated to the old dissolved LLC), in time for them to refile.
Hello, Im Still Watching Your Vid But So Far Its Very Informational, But personally Which Company do you think overall is best or which do you recommend ? Incfile Or Northwest
Thank you so much for this. I was looking into this and was looking into ZENBUSINESS but they don't provide a registered agent in their plan...its separate :-/ now I am looking into Northwest since I am a newbie at this process and makes me so nervous to get something wrong
Thank you for a very well spoken and thorough video! I have a question about "Annual Compliance". So I see that these services offer to take care of your Annual Compliance for your business for a fee which I understand is optional. Do you think this is something that is simple enough for us to take care of ourselves or is it necessary to just pay the annual fee and let the LLC service take care of it? Last Question: Are we able to use our Registered Agent address as our business's physical address or do we need to keep it separate and get a virtual business address as well? If a virtual address, should I purchase one right before I create my LLC and then apply it?
1 - it is simple but easy to forget. The main aspect of signing up for annual compliance is so you remember to do it (and know what to do). 2 - it depends on the registered agent -- each one has their own rules.
Great video! I’m waiting for my immigration paperwork to which I’ll get a social insurance number. Is it ok to register my LLC to save it and then apply for my EIN once in America in a few months?
Thanks for the awesome video. I plan to run a Turo which is a car rental and leasing company and with your video I think I’m going with Northwest but my concern is I’m moving state in 4-5 months time and I want to file in my current state now. How will these work? Thanks
You can form the LLC in your current state and move it to the new state later. It is a bit of hassle and paperwork to move an LLC to a new state, but it is possible.
Thanks again!!! Last question I promise, thank you for sharing your knowledge!!! Have ever used legaldepot for an operating agreements or if you know of any websites that could offer this guidance to properly fill out or create these forms properly. From what I have read so far this is the most important part of the process. The others services like applying for ein take about 2 minutes and when you have that you can proceed to get a bank account...I think. I really want to accomplish this task my self, the best way possible. I would think that Incfile and others just have basics forms that you have to end up getting the information to fill out and then they are more of the processors?
That's a great question - I do plan to do a video in the future about how to create your Operating Agreement, and also videos reviewing the various create-your-agreement sites. LegalDepot does seem to be legit - the main issue is the same as with any document service -- it is DIY so you're not getting legal advice about it.
@@ElizabethPW Thank you again for always taking the time to respond.It is greatly appreciated. I truly would get an attorney if was affordable, but in all reality its not for most people that are starting a business and don't have an established business already. After hours and many many videos here is what I have learned to form a sole proprietor LLc 1: Manager managed 2: No forced Distributions 3: Non-Pro Rata Distributions 4: No Charging language 5: Restrictions on transfers 6: Tax provisions inline with what LLC you want to run 7: No right to return of capital 8: Appointment of officers What I am really trying to find the definitions, for and these are worded in the in the operating agreement so that i can fill it out properly. Honestly Being a CA lawyer puts you in a place to make a lot of revenue just by creating forms that auto fill themselves. lawdepot kind of this but it really doesn't have senerion that people could understand in layman terms. The reason I am saying this is because you are one of the very few that actually answers ANY questions and truly helps people like you.. Just wanted you to know... Thanks Again
![[#2024MAMA] ROSÉ (로제), Bruno Mars - APT. | Mnet 241122 방송](http://i.ytimg.com/vi/dgGqD28J6aQ/mqdefault.jpg)
Just put up the latest comparison: ZenBusiness vs Stripe Atlas vs Doola vs BetterLegal: th-cam.com/video/ooDzkZbIOmI/w-d-xo.html (so many of you requested ZenBusiness in particular!!)
Research is SO important! VERY important! Which is what I’ve been doing for a couple of days now😅 and then you feel comfortable to move forward once you come across something that makes SO much sense! And it it’s not “advertisement”…you did the research for us! Thank you! This video was VERY helpful!! 👍🏾👍🏾Excellent!!
Great to hear! 😁
Say no more. 🤝
I’m brand new to the LLC process and have seen so many “reviews” that end up pushing you to an affiliate link or just flat out feel like a sales pitch - I cannot express how helpful and clarifying this video was! Thanks so much for this honest, unbiased research!
Welcome!
Thank you for this. I am certain that you saved many people's time and frustration with such an in-depth real-world explanation.
Welcome!
I was leaning toward Northwest and this just confirms what I thought. It looks like Northwest also has a $9/month business phone that's VOIP. I use VOIP at work and it's usually more clear than my cellphone. Love the content!
Interesting, let us know how their voip system works for you if you go with it
you are overpaying ,you can get a voip phone for like 25 dollar a year max.
Make sure you call them! My application went nowhere the website stuff was not easy...took me weeks and instead of a llc i was asked howni would like to proceed? Uh thought i ordered an llc? Then got charged twice for trial phone that initially said was free! They did call me but my phone acts up and i missed it..by then i just gave up!
@@hamzanabil8822from where?
Wow!!!😮😮😮 Thank you so much for this video ma’am.. I myself am looking into starting my LLC. I was leaning towards Incfile.. but after watching your video, I probably will go for the Northwest for that little extra I believe it is worth it 🙏🏽🙏🏽
Glad it was helpful!
You're amazing. I already went the LegalZoom route two days before watching this video and I am like "ah man I should have done more research." Already several videos in now and subscribed. Thank you for your insight!
IDK how many videos it took for me to find you but I'm so grateful for your breakdown. It was so much more straight forward and I could actually understand the breakdown! Thank you so much!
Great to hear, thanks!
Sitting at night wondering how to even start and then I stumbled on your video. Thank you Elizabeth, this is great!
Glad it was helpful!
I recently helped a client set up an LLC through Incfile. She also needed “a certificate of Good standing” In order to open her bank account. Which was a separate cost outside of Incfile, but Incfile allows you to file for it through the app.
Incfile also did not allow us to set up a foreign registration in Puerto Rico, but North West Did. We got to experience both formation companies. Even though Incfile couldn’t do the foreign registry, they did include a bank account with their silver package 😉 they might not be able to deliver your documents as fast as North West, but Incfile offers the option to expedite for $50 and they offer more bang for your buck!
Thanks for letting us know about your experience!
Just to clarify, the person who wanted to set up their LLC was puerto rican? So she set up a non US resident LLC with incfile?
Thank you for this info! I was going to look into incfile + expedited because it put it nose and nose with northwest and is also pretty highly rated in my research.
Hey thank you so much for making this! I've been wanting to switch from operating as a Sole Proprietor to an LLC but the process is way to overwhelming for me. This helped a lot.
Glad it was helpful!
Just registered. Fully agree with the conclusion. Had a great experience with Northwest. Though it cost me $300.
Glad to hear you had a good experience with Northwest
Thank you so much! What Tailor Brands did was absolutely horrible! They overwrote your decision and hoped you wouldn't notice lol...I'm going to pick Northwest. Thanks for doing the research for us!!
You are so welcome!
You went an extra mile(or two) on this one.
👍👍 Double thumbs up
Wow, thank you! I just came across your video and was looking at LegalZoom, but I was curious about other companies. I think Northwest makes the best sense. I am going to take a closer look at Northwest. Thank you so much!
Glad it was helpful!
Bingo!!!! Exactly what I needed. I was inclining toward Incfile, now understand this better. Northwest seems to fit my needs better. Thank you for this information packed video as always.
Great to hear!
Thank you for the video. Clear and detailed. Obtaining the EIN is so easy, free, and instant. These companies are making a killing just by filling out that 1 page form for people.
Agreed! It is rare that someone needs help with an EIN -- most people are better off doing that one themselves.
@@ElizabethPWCan't someone as easily file for an EIN with the IRS than going through one of these companies. Fun Fact: LegalZoo has been around since the late 90s,. I remember being high school and seeing Robert Shapiro ( that Robert Shapiro) doing ads for LegalZoom , I'm pretty sure he's one of the founders.
Yeah I kept wondering if I was missing something. I can just uncheck the box and then go get the EIN myself, right? In many cases it's a 5 minute phonecall and you're done. I'm confused.
Wow! This was a really great video, definitely put my mind at ease of which site to form my LLC with. Thank you!
You're so welcome!
Elizabeth thank you for taking the time to show us how to create our own LLC with 4 different services. I'd rather create the LLC myself and save $.
Makes sense! I think many people can form their own LLC, now that the states have online filing systems.
Hey, thank you for doing the research for what websites to use to file for an LLC! I was going to lean towards Tailor Brands, now I know what to use! Ill try Northwest
Best wishes with it!
Thanks! This was really helpful. You are one of the only few ones I found that didn't have affiliate link which lets me know that you are genuine!
Great to hear! Yep one of the companies in this list approached me to be a "sponsor" but I didn't take them up on it, so I can do unbiased reviews
Very helpful and well presented - I am certainly following you! Appreciate your professionalism and business sense! Thank you!
I appreciate that!
Thank you so much, you saved me like $600 to file a LLC and to get everything started with an agent and an EIN
Great to hear!
Who did u go with
This was very helpful. Now I want to close down my 1 year old business and start again with Northwest. Thank you!
Good luck with it!
I just want to thank you so much for making this video! U honestly have help me so much
You are so welcome!
Wow, what an amazing video. Well researched. Clear scenario and comparisons. Clear opinions.
Great to hear, thanks!
id just like to say that your awesome for all this great information, definitely gave me the information I needed. STAY UP!!!!!
Thank you!
Thank you. More questions later. I’m very new but need to start my consulting company.
Welcome - sounds good!
I just checked Incfile and now it just takes 4 weeks instead of 8 weeks to form your LLC wihtout expedited filing service (you can upgrade to it for your filing in 5 business days for $50)
Thanks for that info! I did use incfile to create an LLC to test them, and it took them even less time. I think they underpromise and deliver faster so people are happier
Here are links to the four companies' websites:
www.northwestregisteredagent.com/
www.tailorbrands.com/
www.incfile.com/
legalzoom.com/
On the contact details for NORTHWEST, what address am I to use? Why would I use my personal? Doesnt that defeat the purpose of using a registered agent?
Especially Thanks to Elizabeth.....🙌💛 I will choose NORTHWEST because I am a Bangladeshi citizen. I don't have an SSN, and without an SSN, it will take more than 3 months to get your EIN, but it's not like NORTHWEST forces you to take their complete package like others do; you only get your EIN by fax. can apply for It and its very easy, guys; otherwise, you can use their registration agent address. I actually like their honesty, and if you are a beginner, I would recommend NORTHWEST.
Best wishes for everyone!💛🤲
Thanks for sharing your experience!
Thank you so much for doing this! Appreciated!
Welcome!
Thank you for all the helpful tips!!! 🤩
You are so welcome!
Northwest seems to be the way to go! Thanks Elizabeth for sharing this info.
Welcome!
Many thanks, just what I needed to make a decision.
Great to hear!
Very good comparison! Thanks for doing this. Saved me time.
Great to hear!
Thank you so much for this comparison video. This really helped me solidify my decision.
Great to hear!
Wow great video! I wish I found this 6 months ago before I went to Legal Zoom could've saved me a few hundred dollars. Plus I ordered a DBA for my sole proprietorship but the bank would not let me open an account with all the licenses and certificates that I had cause I needed my DBA Certificate which I did not receive from my county clerks office but was told by (not one) but 3 Legal Zoom employees that I didn't need the certificate and that I WOULD NOT be getting a Physical DBA Certificate. THEY WERE WRONG! All 3 of them. I called the County Clerks office and they said they sent me one but will send me another one in which I did receive. Long story short my Bank was right and Legal Zoom was wrong. Thank you for this video.
Welcome! sorry to hear about the trouble you had with them
I love you!! Thank you so much for this!! I'm subscribed! ❤️❤️
Welcome! ❤️
Thank you so much!! This information is very helpful.
Glad it was helpful!
thank you so much, Elizabeth! Such a helpful video!
Glad it was helpful!
Best content, so glad I found your videos
Glad to hear it
Awesome video, thank you!
Thank you so much for sharing this information!
You are so welcome!
Wow!! Thanks so much. This was very helpful!🤩🤩
Glad it was helpful!
Loved this video very informative.
Glad you found it informative!
Awesome video, exactly what I needed.
Great to hear!
Great information. I wanted to tell you your mic is very clear, more clear than other people’s videos I’ve seen. Could you link what mic you have?
Thanks! I have two mic's - one is attached to my computer (www.amazon.com/gp/product/B08CVP2HXP/ ) and the other is attached to my camera (RODE VideoMic GO Lightweight On-Camera Microphone, got as part of a "content creator kit" for the Canon m50)
🤝 Thank you for sharing your detailed LLC formation comparison review. 👍👍 Great educational content! Keep up the outstanding job. 🤔I started doing opening an LLC online, and I stopped to do more research. After watching countless TH-cam video contests about forming an LLC from LLC Buddy, Life Accounting, etc., I've decided to use a professional service as I will definitely spend way more money doing it myself. 🙄 Articles of Organization is $200 for my state, Certificate of Publication costs $50, Biennial Report/Statement is $9, and plus the registered agent along with the virtual business address which varies. These are required! Hiring Northwest Registered Agent for $125 per year is not that painful. Offering legal services including this price would've been amazing. I started using iPostal1 basic plan, but I'll cancel it and choose Northwest. It'll be way less complicated.
Thank you for making this video
Very educational. Slower/less scrolling would help tremendously.
Glad you found it helpful -- yep I tend to be a bit fast, I'll try to slow it down :)
Thank you so much for this video it was helpful and also I think I might do northwest.
Glad it was helpful!
Thanks for a great video, really appreciate it.
Glad it was helpful!
thanks for sharing all the info... super helpful. quick question for you. I believe i may have jumped the gun and created my EIN before creating LLC. im hoping to create multiple LLCs under an umbrella organization. I created the EIN thinking it could be the umbrella. i was wondering if i could still create my other LLCs and just have the EIN and the multiple LLCs share a dba? this way the EIN could be used accross all the created LLCs. Is that possible?
If you want multiple LLCs under one umbrella, the umbrella has to be its own LLC. Or it could be a partnership of the multiple LLCs. But an EIN and a DBA -- those are not a legal entities.
@ElizabethPW thanks a bunch for the feedback... you got me as a subscriber 😀... i was trying to save dollars and avoid creating the other LLCs, 😒... but i guess there is no clear way... my company will be in the real estate industry and will hold real property... one LLC will capture commercial, the other residential, the other service... but all will be under the umbrella of a single "holding company" which is where my i created my EIN... so what im hearing is that i need to create LLCs for each entity and pay the registration agent fees for each, ☹️... if I created the EIN already do i need to modify the DBAs in the EIN application for the holding company to include all the other LLCs?
Another great video! Thank you for your service.
Welcome!
This was very informative and straight to the point well done Elizabeth 😊
Glad you think so!
Thank you queen . a real detailed video .
Great to hear!
Very informative …Thank You for sharing
Welcome!
Thanks so much! ❤ You did a great job! I started using Legalzoom today & was so so confused by their pricing, whether I could be my own agent. I’m not usually intimidated by paperwork or doing things myself, but wanted to make sure I did things correctly! ❤
Great to hear that this helped!
Thank you for the video extremely useful.
Glad it was useful!
I just very quickly need to get my brand trademarked. I have had it for 12 years and want to do more with it. There are people who have created FB groups using my brand after I created it.
You can apply for expedited processing if someone is already infringing you
THANK YOU! This was super helpful
Glad it was helpful!
After watching your video, this has def made my life much easier. I was attempting to do this on my own, and my brain was just phew* - So def looking into these companies for some peace of mind! - I do have a question or in need of advice! I am relocating states in about 2 or so months, Do you have a recommendation on if i should file in my current state, or future? I haven't launched as yet-only gotten supplies and materials so far for the business.
Hm if you are moving in the next 2-3 months, and you're not ready to launch anyway, I'd set it up for the new state. Also then you can set it up to be effective in January, so you don't have any awkward tax paperwork for the two months of this year.
@Elizabeth Potts Weinstein Thank you so much for your quick follow up! And that def makes sense!! Thank You!!🙏🏽❤️
Tailor Brands is a rip off SAVE YOUR MONEY!
Thanks for sharing your experience!
Why is that, Blu? You mean the price difference between the checkout options?
@@Denis-zp2hp i did mine through Tailor Brands and Marathon is right. Not just price. Their whole structure sucks!! 1) they post a contact phone number that they never answer. And then they told me they dont have a phone number. 2) good luck getting a reply when u have a question. 3) they double charged me, then said my payment failed. I had to send them proof the money was taken from my account. 4) i paid $800 for them to expedite it (they promised 3 days), took nearly a month….. and the list goes on. I have all the emails and everything to prove it.
@@charlesamador86 thank you, that's helpful.
@@charlesamador86 I went straight to the comments! Thank you for saving me money, time, and my sanity. 👌
Hello Elizabeth! Thanks for all your help! I applied for my LLC and EIN via Northwest to start next year as you suggested, but unfortunately, they filed my start date incorrectly (Nov 2022) and are now recommending to dissolve the LLC (per the CA Sec of State), refile the LLC (at the expense of Northwest) and once that happens the EIN will transfer to the "new" LLC (with the same company name) ... does this sound right?
I'm worried that 1) if I keep it as is, it will cost more money because I would have to file taxes this year and lose out on the first year $800 filing fee waiver...2) it would make it look like my company had no profit the first year....3) it would have a negative effect when clients look up my company....but if I refile, I'm worried the EIN won't transfer....and I have already submitted applications with the EIN for licenses, etc.
I'm feeling extremely discouraged. Please help! Thank you so much for everything!
Sorry to hear that happened!! If the LLC can be dissolved within *15 days* of formation (and you didn't do business with it), then you don't need to file a tax return for it for this year (www.ftb.ca.gov/about-ftb/newsroom/tax-news/december-2019/what-is-the-15-day-rule.html ). As far as no profit, I don't think anyone would really know -- the business would then not exist for 2022 and 2023 would be year one. For the EIN, I'm not sure of what the actual IRS rule would be, but I know of people who have done that (dissolved and re-formed) and the IRS didn't have a problem with it as long as the taxes on profits were paid on time and stuff was filed on time as required.
@@ElizabethPW Thank you for replying. Unfortunately, the LLC was filed on 11/8, so I am past the window. My tax person recommended an interspecies transfer (are you familiar with this?), but I can't find any information about that anywhere, and if I go with my tax person he will charge me a large fee, yet Northwest is offering to dissolve and refile the LLC at no cost. Any thoughts on this? Thanks so much for all of your help!! You are truly a godsend ❤❤❤
Hm I am not sure what the tax person is meaning. Well if the LLC is dissolved now and you earned no income, you would just file a tax return with all zero's for 2022. One aspect to ask Northwest is to confirm the name of the LLC will be available (and not locked up as allocated to the old dissolved LLC), in time for them to refile.
Thank you Elizabeth
Welcome!
Northwest offerings right now with the basic package is a great value compared to anything else really right now!
Glad to hear!!
Thank you for this! Great video!
Welcome!
Hello, Im Still Watching Your Vid But So Far Its Very Informational, But personally Which Company do you think overall is best or which do you recommend ? Incfile Or Northwest
You probably already saw this (since it is near the end of the video) but yes of these four, I'd pick Northwest
Well done! Thank you for the info
Welcome!
Thank you so much for this. I was looking into this and was looking into ZENBUSINESS but they don't provide a registered agent in their plan...its separate :-/ now I am looking into Northwest since I am a newbie at this process and makes me so nervous to get something wrong
Welcome! I almost included zenbusiness in this analysis too - but yes so important to see exactly what is included. Best of luck with it!
Actually they do now and it’s part of their $199 and $299 package
Thank you for a very well spoken and thorough video!
I have a question about "Annual Compliance".
So I see that these services offer to take care of your Annual Compliance for your business for a fee which I understand is optional. Do you think this is something that is simple enough for us to take care of ourselves or is it necessary to just pay the annual fee and let the LLC service take care of it?
Last Question: Are we able to use our Registered Agent address as our business's physical address or do we need to keep it separate and get a virtual business address as well? If a virtual address, should I purchase one right before I create my LLC and then apply it?
1 - it is simple but easy to forget. The main aspect of signing up for annual compliance is so you remember to do it (and know what to do). 2 - it depends on the registered agent -- each one has their own rules.
appreciate you doing this!
welcome!
Thank you this was very helpful..
You're welcome!
Do you know you make best videos on TH-cam. ❤
Well explained. Thank you.
Welcome!
BIG thumbs up! Thank you
Welcome!
I just checked and realized they all have different fees for each state and im in florida and it starts out in the beginning for NorthWest $359 😮
Yep that's true, every state has different fees!!
Thank you for sharing!
Welcome!
Thank you
Very helpful. Thank you
You're welcome
Thank you for doing this 🙏
No problem 👍
Great video! I’m waiting for my immigration paperwork to which I’ll get a social insurance number.
Is it ok to register my LLC to save it and then apply for my EIN once in America in a few months?
You can do that, as long as you don't start using the LLC (you won't be able to get bank account etc)
TY! This was great content. Prior to this video, I think that Incfile has Everyone beat!
Great to hear!
Eventually I think incfile is the best because good support service and a lot of information from another bloggers how to use it
Thanks for sharing that! Yes it seems they can be a good option.
Awesome video👍👍
Thank You !🎉
You’re welcome 😊
Thank you!
Welcome!
Thank you so much you are the best!!!!
welcome!
Good comparison.
Thanks for the awesome video. I plan to run a Turo which is a car rental and leasing company and with your video I think I’m going with Northwest but my concern is I’m moving state in 4-5 months time and I want to file in my current state now. How will these work? Thanks
You can form the LLC in your current state and move it to the new state later. It is a bit of hassle and paperwork to move an LLC to a new state, but it is possible.
Which do you recommend for a professional business?
My top recommendation is Northwest
I found this one, thank you!!
Hey!!! You rock!! Thank you! 😉
Thanks again!!! Last question I promise, thank you for sharing your knowledge!!!
Have ever used legaldepot for an operating agreements or if you know of any websites that could offer this guidance to properly fill out or create these forms properly. From what I have read so far this is the most important part of the process. The others services like applying for ein take about 2 minutes and when you have that you can proceed to get a bank account...I think. I really want to accomplish this task my self, the best way possible. I would think that Incfile and others just have basics forms that you have to end up getting the information to fill out and then they are more of the processors?
That's a great question - I do plan to do a video in the future about how to create your Operating Agreement, and also videos reviewing the various create-your-agreement sites. LegalDepot does seem to be legit - the main issue is the same as with any document service -- it is DIY so you're not getting legal advice about it.
@@ElizabethPW Thank you again for always taking the time to respond.It is greatly appreciated. I truly would get an attorney if was affordable, but in all reality its not for most people that are starting a business and don't have an established business already. After hours and many many videos here is what I have learned to form a sole proprietor LLc
1: Manager managed
2: No forced Distributions
3: Non-Pro Rata Distributions
4: No Charging language
5: Restrictions on transfers
6: Tax provisions inline with what LLC you want to run
7: No right to return of capital
8: Appointment of officers
What I am really trying to find the definitions, for and these are worded in the in the operating agreement so that i can fill it out properly.
Honestly Being a CA lawyer puts you in a place to make a lot of revenue just by creating forms that auto fill themselves. lawdepot kind of this but it really doesn't have senerion that people could understand in layman terms. The reason I am saying this is because you are one of the very few that actually answers ANY questions and truly helps people like you.. Just wanted you to know... Thanks Again
I ll go with Tailor Brands all the way! their customer service is way better than NW
Glad you had a good experience!
IncFile does a bunch of upselling AFTER you enter your name and address.
Ah, there it is then!
Video was definitely helpful
Great to hear!
Inkfile is now bizee probably going w them.
thx Liz