Jim Hart

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@lukesimon2227 Күн бұрын

Do i need an LLC for my moving company

@GabrielAnthony-09 Күн бұрын

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

@ElijahOliver-t9u Күн бұрын

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

@GabrielAnthony-09 Күн бұрын

@@ElijahOliver-t9u That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@ElijahOliver-t9u Күн бұрын

@@GabrielAnthony-09 My advisor is VICTORIA CARMEN SANTAELLA;

@ElijahOliver-t9u Күн бұрын

You can look her up online

@LukeSamuel89 Күн бұрын

@@ElijahOliver-t9u The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

@marykrigbaum9021 3 күн бұрын

I've been listening to Alexandra and her new book. Hello, my name is awesome. It's kind of hard to listen to she names every business name, miss spelled, miss pronounced, etc. I thought if I bought her book she would tell you how to do it.

@AMPProf 3 күн бұрын

FINALLY

@TheFlaco1978 3 күн бұрын

What are the normal filing fees when an attorney is obtained? For example for you to do the job?

@flowerfunk 3 күн бұрын

This was great advice, thank you

@isaiahgarcia3987 4 күн бұрын

great video!

@FS-yc4hq 4 күн бұрын

Hi can you help if you have an LLC and you have Court violations towards the LLC and you're planning to dissolve to put as a sole proprietorship can you do that and can the violations go towards your own name as owner sole proprietorship so you can address the violations in your own name because as LLC you cannot represent yourself or your company you can only represent yourself in your name so was going to go back to sole proprietorship anyway might as well do it now can you verify what the violations currently also be transferred to my name or no?

@the-moocow 4 күн бұрын

What if you have no money or assets but then get sued? Ok, theres nothing to seize but you cant pay either... will they garnish wages? Seize future assets?

@SeeTheWoodTurn-cf8rv 5 күн бұрын

Hi Jim, thanks for the video. I make wood bowls and other items on a lathe and then sell them on my website, would you consider that a high risk and would you recommend an LLC once I am selling enough to justify it? Thanks so much.

@Ticiasworld 5 күн бұрын

Great Information 💯

@SergPulls 6 күн бұрын

This is exactly what I needed. However you kinda just went over key things to keep in mind and didn’t really explain on how to address these scenarios. I know it varies from business to business but it would’ve been good to know some ways to address your points.

@emilyjohnson5607 6 күн бұрын

Hey Jim! I just wanted to thank you for all your helpful videos on LLCs! I did have a question for you and would be so appreciative if you could help me! I just started my single member LLC and will start by selling on Etsy. I followed your tips and will get my EIN, but do I still have to register for sales tax in my state even though Etsy collects the sales tax? Likewise, if I'm selling on Etsy, do I also need to register for foreign qualification to sell in states other than my own? I am located in Arizona. Thank you so much!

@marykrigbaum9021 6 күн бұрын

So I want to give my business the correct name. How do I know my business will even be successful? Suggestions? If I bought Alexandra's book, would I get a successful brand name?

@raeopulentmane1656 6 күн бұрын

Does anyone know how to find someone to create a professional prototype for a product. I make my product but I know it can be made cleaner.all ideas are welcome

@SanMan10100 7 күн бұрын

80 bucks a month for virtual/forwarding mail service? Inexpensive. I must be really out of touch and got hanging out with the wrong crowd bc that's not all that cheap... excuse me "inexpensive" to me. You guys?

@roberthernandez2363 8 күн бұрын

I'm starting a pet waste removal buisness. The company name is THE SUPER SCOOPERS. I did a trademark search and the name super scoopers is trademarked already but my buisness is THE SUPER SCOOPERS. Will this be an issue?

@VincentSunday-lw4sj 8 күн бұрын

You just saved money from opening an LLC, which I don't need. thank you ❤

@VincentSunday-lw4sj 8 күн бұрын

Excellent Video

@jimhart 8 күн бұрын

Thank you very much!

@AllBrightColors 8 күн бұрын

For a one person business are there any tax benefits for starting an LLC (selling digital products & print on demand products that I will pay manufacturer to produce and ship ) vs a sole proprietorship? Also, can a sole proprietorship have its own EIN number? I don’t want to lose my medical benefits because I make a little bit of money over the amount that qualifies me for them and then be left without being able to afford a plan on my own because the business income isn’t steady. So I want the business earnings to not be under my personal social security number ( so in this case LLC or Sole)?

@jimhart 8 күн бұрын

Yes, there are tax benefits to starting an LLC (if you earn enough you can elect S-corp tax status). And yes, a sole-proprietorship can have its on EIN. But the income from a sole proprietorship still flows through to your tax return and shows up as income to you.

@maesitos 9 күн бұрын

And why not have an LLC just for the registered trademarks?

@stephaniekingdesigner 10 күн бұрын

It would also be great if you could do a video on people who had a long-term Sole Proprietorship and then switched to LLC after several years. Issues that arise, intellectual property developed before LLC formation, income from before LLC formation, issues with handling past clients, etc.

@jimhart 8 күн бұрын

That's a great idea!

@stephaniekingdesigner 10 күн бұрын

It would be great if you could put together a long video or playlist specifically for single-member LLCs vs multi-member.

@J._Rivs 11 күн бұрын

Jim I can't find any answers on my question: I want to use loans to collateralize my bitcoin for my personal use through my multi member LLC (me and my fiancé) . is there anything wrong with taking the capital and paying for whatever I want without paying myself through owner draw, or will I have to just take the owner draw and pay taxes, my business brings in 0 income, it was just a LLC I made for a trucking company I was gonna start but instead invested in bitcoin and this business will never do anything besides refinance bitcoin as bitcoin appreciates

@jimhart 8 күн бұрын

Why do you need an LLC for that?

@J._Rivs 8 күн бұрын

@@jimhart The company I want to do it through is currently only offering collateralized loans to business at the moment.

@whomekekegipson8647 11 күн бұрын

Hey I’m in Wake County in NC too!!! This was very helpful, thank you.

@jimhart 8 күн бұрын

You are so welcome!

@Michael-rx6ji 12 күн бұрын

I believe you should form a legal entity such as an LLC ASAP, NOT when you have already made money. Do this for tax benefits because you likely will spend money/expenses prior to making any real money. Those expenses can provide tax deduction benefits.

@jimhart 8 күн бұрын

You can deduct those expenses as a sole proprietor as well

@TaliaTweten 12 күн бұрын

THis is good stuff.... My question pertains to holding a current licensure. I am a mental health provider (LPCC) and thinking (alot) about starting a channel offering support to parents for kids with difficult behaviors and mental health/medical diagnoses. This is close to what I do professionally but I'd be speaking to the audience as a parent vs professional. Can I do this?

@jimhart 8 күн бұрын

I can't give you legal advice here, but there are lots of other channels doing what you suggest.

@MarshalJed 12 күн бұрын

Something cool, that’s fine

@digitalviking3450 13 күн бұрын

If you do B2B you can't get clients without being a registered business. You won't have any credibility to them and they won't trust you. Also, if you do something like marketing and the company doesn't see the results they paid you for, they can file a lawsuit against you. That's why Professional Insurance Coverage is a thing.

@n.g.3741 14 күн бұрын

Wow, so if I apply now it’s a 8-10 month wait, wow!

@jimhart 8 күн бұрын

Correct - but that is just the time to have your app looked at by an attorney. Total timing is usually 12-18 months

@starttosucceed 15 күн бұрын

thank you for sharing

@jonathanvales7857 17 күн бұрын

Is it worth it if I’m doing it just for the tax benefits?

@jimhart 15 күн бұрын

Depends on what your revenue is. You can't make an S-election without an LLC

@barbmoran9927 19 күн бұрын

Can ROC USA become a LLC? I live in Tranquility Estates Cooperative, Inc Raymond NH registered with ROC USA, who has been taken over by Foxfire Property Management on day 1. We are totally cut off from ROC USA or get in touch with any help to save us! Everything they do is handled like an invisible landlord presence, no community at all. We don't have say in anything. My property is being vandalized for reaching out for help! What should we do??

@jimhart 15 күн бұрын

Contact an attorney in NH

@Remydurroo 21 күн бұрын

Found this off an older video with 3 reasons why not to LLC 😂

@user-vk2yf5yi2b 21 күн бұрын

Jim great video, thank you so much!

@jimhart 15 күн бұрын

You are welcome!

@SuperTwinz1422 22 күн бұрын

What's with the drinking(or non-drinking) out of the coffee cup then the sound at 3:16? Weird, but thanks for the info.

@machineman6498 26 күн бұрын

Thank you for making this

@jimhart 25 күн бұрын

You are very welcome!

@askmee326 26 күн бұрын

Which company is better to register llc. Zenbusiness, tailor Brand, etc

@jimhart 25 күн бұрын

This is the company I recommend: hawthornlaw.net/incorporate

@stephaniekingdesigner 10 күн бұрын

I dont know anything about Tailor Brand, but I can comment on Zen Business. It is much heavier on advertising and sales than expected. (They push a lot of 3rd party services and add-ons.) Also, you can get a checking account, but need to pay a significant monthly fee for invoicing and payments. So make sure you total up all your expenses before you commit to their ecosystem.

@StraitjacketFitness 26 күн бұрын

.)•(..}•{..]•[../•\..)•(..}•{..]•[../•\. Just some more comments and a Like for the algo. *************** *************** We're all gonna make it. *************** Peace.