Steps to Start Your Business in the New Year!
22:02
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@choifunauyeung8553
@choifunauyeung8553 19 сағат бұрын
Thank you Elizabeth, I followed your steps today and applied for a trademark. I did have a question and went back to your video and it helped me a lot. I have to check back with USPTO in 3 months for an updated status. I will keep you posted if I get my trademark for my logo. Thank you again for making these kind of easy to understand videos!! Appreciate it!! Thank you!
@LandandTreeLLC
@LandandTreeLLC 21 сағат бұрын
I have been a SMLLC for 5 years but recently changed to a MMLLC. I already filed paperwork with the state for the change. I want to do 2 things. 1.) Tell the IRS that I have added a new member. 2.) Elect to be treated as an S-corp. How do I do that? I am finding I also need a new EIN so what is the procedure to make all the changes?
@TheBeardedPirate
@TheBeardedPirate Күн бұрын
Ima barber with sole proprietor, wanting to convert, should all filed taxes be caught up before converting or it doesn’t matter?
@AntonPrint
@AntonPrint Күн бұрын
SUNGGUH LUAR BIASA, INFORMASI DETAIL AKU SUKA ITU
@GregRhodes-t9r
@GregRhodes-t9r Күн бұрын
I'm very new and wet behind the ears. Thank you!
@Powermoves1080
@Powermoves1080 2 күн бұрын
Much appreciated! Thank you ❤️💐
@lauratravin618
@lauratravin618 2 күн бұрын
All of them charge a fortune! 99us for several months. It is like a subscription
@American_patriot_46
@American_patriot_46 2 күн бұрын
I just seen where you don't have to register with the boi.
@jayguerrero2009
@jayguerrero2009 2 күн бұрын
What about a sole proprietor with an EIN? Can receive paycheck?
@boundlessandbare225
@boundlessandbare225 2 күн бұрын
Thanks for the clear explanation Elizabeth! One question I have - I filed the termination form for my LLC in California (never did any business, no bank accounts, no licenses, no inventory etc) a few days ago. Are there any other forms I need to submit (Certificate of Dissolution?) to fully close down the LLC or is the termination form enough? I will definitely be submitting the Dissolution FTB Waiver following this video. Thanks!
@enekneya7378
@enekneya7378 3 күн бұрын
Great information! Are there some applications that receive priority review? I ask because I saw an application that was assigned in about 2 months and it has a "Proceeding Number".
@melissarousseau4174
@melissarousseau4174 3 күн бұрын
Amazing tutorial , thank you 🙏 Saved me $600
@calebchild4467
@calebchild4467 3 күн бұрын
Is there a good guideline for when you are making enough money that you should switch to an llc? What is a good Benchmark for when I should convert from a sole proprietorship to an LLC?
@calebchild4467
@calebchild4467 3 күн бұрын
This is hands down the best video I've seen on this topic. Thank you for being clear, using real examples, and especially for pointing out details that most others seem to omit.
@annettehurd9391
@annettehurd9391 3 күн бұрын
Your videos are always so informative and so appreciate that you get right to the point and no wasted time…so refreshing!
@cynhernandez3230
@cynhernandez3230 4 күн бұрын
how do you pay California state unemployment and disability as a sole proprietor such as an attorney
@emilypedroza
@emilypedroza 4 күн бұрын
I watched two videos and I was in. Thank you for your videos 🥲
@rieboice1267
@rieboice1267 4 күн бұрын
Can you please please explain how to file the extension? I can't figure out what they mean by a docket or reference number... I only have a serial number...
@ElizabethPW
@ElizabethPW 4 күн бұрын
You don't need a docket or reference number -- that's just for lawyers or companies who have a ton of trademarks
@08Davis2
@08Davis2 4 күн бұрын
Thank you. This is very helpful.
@danielmijic771
@danielmijic771 5 күн бұрын
as a foreigner, how can I apply for the ITIN? someone will charge me $300 on fiverr, and thx for sharing
@danielmijic771
@danielmijic771 5 күн бұрын
also, I have already rent a virtural mailbox in NC, wanna use this to receive & forward the IRS envelopes for me, but I'm actually don't know it's turly price, ask for help
@ElizabethPW
@ElizabethPW 4 күн бұрын
Try freedomtaxaccounting.com/services/itin-number-applications/
@danielmijic771
@danielmijic771 4 күн бұрын
@@ElizabethPW thx for sharing me this link, I will check it out, ur so kindness ❤️
@danielmijic771
@danielmijic771 4 күн бұрын
@ Hello! I have just call them They told it will cost $375 as the total service fee
@danielmijic771
@danielmijic771 4 күн бұрын
But I’m try to confirm with them
@Locovaldez15
@Locovaldez15 5 күн бұрын
Thanks for the advice! I have a question from your previous video on LLC. Am I considered an employee of my llc if I pay myself through it ?
@ElizabethPW
@ElizabethPW 4 күн бұрын
No, not unless you set it up as an S Corp tax status
@Janae-r3v
@Janae-r3v 5 күн бұрын
Hello! Great video. I have formed a corporation out of Nc and I listed myself as the RA using my business address which is a virtual office address I purchase with ipostal1. What are your thoughts about going this route or do you recommend using a different address other than the business address for the RA address. Thanks!
@TheFuzzyForest
@TheFuzzyForest 5 күн бұрын
Thank you so much for this! It was super easy to follow and I wouldn't have known what to do without it! You are a small business life saver!!!
@littletwixstar8177
@littletwixstar8177 5 күн бұрын
Hello Elizabeth, our business purely operates online via Amazon. Where should we get a local business tax license? We have a virtual address we use but it’s different from our physical address. Our physical address is just our headquarters but business activities such as sales are all carried out by Amazon for us. It’s kind of a gray area as the local cities don’t have any provisions about online businesses. Does it matter whether we use our virtual or physical address on compliance docs? Where should we apply for local business tax license--virtual address location or physical address (HQ)? Thank you in advance! <3
@all4Dorian
@all4Dorian 5 күн бұрын
Thank you thank you.. 🙏🏽 Let me get on this
@Daniel-z2j2v
@Daniel-z2j2v 6 күн бұрын
I’d deter anyone from getting a LLC if you’re a sole proprietor. It doesn’t change your tax filing and all you’re doing is paying extra to the state. And they charge $900 fee if you gross over 249K even you made very little profit. California is being ran by crooks.
@WakeUpBuildUpLevelUp
@WakeUpBuildUpLevelUp 6 күн бұрын
For pictures, what if I'm a service biz?
@salianishaikh8369
@salianishaikh8369 6 күн бұрын
Hello madam how much fees for NOTICE OF ALLOWANCE (NOA) evidence application someone asking me $150 for submitting evidence
@severelysouthern
@severelysouthern 6 күн бұрын
I am staring an clothing store, should i do a llc or sole?
@Thorne_MacGregor
@Thorne_MacGregor 6 күн бұрын
Thank you so much! I'm just about to start my business and I'm so glad I found this video! I've been looking for a comprehensive guide like this for weeks. Many thanks. Question: about how much money per year would I have to make before you would advise having an LLC rather than a sole proprietorship?
@Anush_Kara_Notary
@Anush_Kara_Notary 6 күн бұрын
I have already received approval and now have a few months to file for the dissolution of my corporation with the state. I'm having difficulty filling out the Dissolution/Withdrawal form for the discs-stk as the FTB did not guide me on which option to choose. Could you please help me? 😩
@abdullahkamil6690
@abdullahkamil6690 6 күн бұрын
Do we need to pay 800 dollar when we file for tax ?
@ElizabethPW
@ElizabethPW 4 күн бұрын
For the LLC taxes, usually yes
@tashacooper4261
@tashacooper4261 7 күн бұрын
Great video. It was very helpful understanding how to transfer a trademark.
@DrMarlonWilliams
@DrMarlonWilliams 7 күн бұрын
Thank you! Very helpful and informative!
@WakeUpBuildUpLevelUp
@WakeUpBuildUpLevelUp 7 күн бұрын
Thanks! Any issues with using the word "The" with my company name? Its a home improvement service biz.
@ElizabethPW
@ElizabethPW 4 күн бұрын
It is fine - you want it to match exactly what you actually use
@TruthBeautyNow
@TruthBeautyNow 7 күн бұрын
Also, thank you for your amazing content! Super helpful!
@TruthBeautyNow
@TruthBeautyNow 7 күн бұрын
Hi Elizabeth, I'm just getting started and DIYing it all. I do not have my website up, IG or youtube launched. I have a trademarked brand name that has several classifications and i need to add 3 more in order to cover what my business will be doing. Do i have to have the website up, and all my offers, CTA, etc. in order to apply for the 3 new categories? I plan on selling products of my own, do affiliate marketing for other products, coaching, aromatherapy, and energy work. I currently have several classifications that cover advertising, media, promotions, but not the rest. I am going to launch soon. Can I sell products and services before I apply so that i can show them I'm in business? But then can i have issues selling products if i do not have a trademark? sorry this is such a long question.
@ElizabethPW
@ElizabethPW 4 күн бұрын
If you don't have the site up yet, then you can apply as intent-to-use (1b)
@johnparslow8753
@johnparslow8753 7 күн бұрын
I am leaning more towards a C- Corporation because I want to diversify and keep my income streams under one roof. Is that a good idea or should I use a different entity for each e.g. food production, Tiny home manufacturing, Solar power systems and an invention I am in process of patenting. What would be your advice?
@ElizabethPW
@ElizabethPW 4 күн бұрын
If you put all of them together, then all of them are liable for the other ones. More convenient for sure, but a risk.
@AlexDaniels-ChenDynastyJade
@AlexDaniels-ChenDynastyJade 7 күн бұрын
My question is, is it OK to call the examining attorney and if so would that be considered an official response?
@ElizabethPW
@ElizabethPW 4 күн бұрын
Yes you can call them to ask questions, but vno it is not an official response.
@AlexDaniels-ChenDynastyJade
@AlexDaniels-ChenDynastyJade 4 күн бұрын
@ thanks so much for your help and content 😁
@fernandoorozco5176
@fernandoorozco5176 7 күн бұрын
Wow! thank you sooooo much ! I was going to get charged $500 to terminate! Thank you so much
@erickm0417
@erickm0417 7 күн бұрын
I have LLC do I have to file every year or 2 years please tell me , my register agent charge me last time $220 for this
@ElizabethPW
@ElizabethPW 4 күн бұрын
LLCs are every other year. You should be able to do it yourself via bizfile
@erickm0417
@erickm0417 4 күн бұрын
@ thank you I will 🙏
@renilau3837
@renilau3837 7 күн бұрын
Just checking in, most of this information and legal steps are still valid today in california correct? The order, in general to be specific.
@ElizabethPW
@ElizabethPW 4 күн бұрын
Yes, the steps/order have not changed. Sometimes websites look different
@noorkhawaja
@noorkhawaja 7 күн бұрын
Very informative video. Thank you!
@jayanthirao9726
@jayanthirao9726 7 күн бұрын
Happy New Year!! I can’t thank you enough for all your advice on registering my business. I went with Northwest registered agents and they are really helpful even for someone like me who’s new the world of running my own company!! Thank you and have a wonderful year ahead! ❤️
@ElizabethPW
@ElizabethPW 4 күн бұрын
Great to hear, thanks for sharing!
@TechsmartGr
@TechsmartGr 7 күн бұрын
I am a photographer based in Greece but i work with clients all over the world by shipping them their products to create content for them. I also do weddings here in Greece. I want an LLC for better taxing system and less paperwork when working with clients from other countries! Which would you recomend?
@ElizabethPW
@ElizabethPW 4 күн бұрын
For working with US clients it would be great -- can't speak about whether it would be helpful for clients outside the US
@OfficialRogersBros
@OfficialRogersBros 8 күн бұрын
The only thing that’s holding me back is the amount of years that I have invested in my current LLC. I don’t want to lose that… Other than that I would have no problem dissolving it and starting back over. Is it worth merging based off of years alone? My income isn’t great yet, but I’m under the impression that year is in business matter.
@ElizabethPW
@ElizabethPW 4 күн бұрын
Can be good to merge so you can keep the business's credit rating
@KristiBodin
@KristiBodin 8 күн бұрын
What about the personal guarantees that most vendors require? Don’t they expose your personal assets to liability claims?
@ElizabethPW
@ElizabethPW 4 күн бұрын
Yes, that's true -- also happens with leases and SBA loans
@marcelagache8243
@marcelagache8243 9 күн бұрын
Hi, I'm Italian and if I get the American citizenship or the green card, can I open a S Corp in Italy or can be opened only in the USA? In Italy an LLC can be taxed as an S Corp?
@ElizabethPW
@ElizabethPW 4 күн бұрын
I know nothing about how Italy does things (ask an attorney there) but S Corp is only a USA tax thing, and most countries don't have LLCs either
@marcelagache8243
@marcelagache8243 3 күн бұрын
@ElizabethPW ok thank you