What is an LLC? And How does it work? I'm going to dive into the MOST Important things that everyone needs to know about starting or owning a limited liability company.
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Because look, having a legal shield that protects your personal assets is just scratching the surface of what an LLC is all about. So in this video, I will cover the most important details about an LLC that every small business and startup needs to know!
Timestamps:
What is an LLC and how does it work? (0:00)
#1 LLC Pitfall (2:25)
#2 Income and Pay for LLC Owners (3:40)
#3 How LLCs are Taxed (5:51)
#4 Business Credit (7:56)
#5 Raising Capital / Business Funding (10:45)
#6 LLC Costs (11:47)
Setting up an LLC (12:17)
LLC Disadvantages (15:00)
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Hey, I'm Sean with lyfe accounting. The accounting company that helps you save on taxes and build more wealth. Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos!
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).