Thanks for watching and for your question. It is up to you, but just make sure that it is an address that can receive mail. Home address is fine, or if you have a business address which can receive mail, that's fine too. Best regards, Chris

Thanks for watching and for your kind words. Those are great questions. I need to do some more in depth research and make a video on how to form an LLC and set up a bank account as a non-resident. Regarding obtaining an EIN as a foreigner, first, you can mail or fax in IRS Form SS-4. Just make sure you answer "Foreign" to question 7(b). Just remember to set up the LLC first. If you want to use a traditional bank, in most cases you will need to show a US address (e.g., a virtual address - some but not all banks may request a lease). And, the EIN document you receive from the IRS should have a US address (you don't need one to obtain an EIN, but having a US address on your EIN will help you open a US LLC bank account). I have read that Wells Fargo is one of the easiest banks in which a foreign-owned LLC can open an account. Bizee works with Bank of America, so you should have that free consult with the banker. Alternatively, one non-FDIC insured option is an entity called "Wise." They are not a bank, but they can accept money from US sources, then transfer to your account (assuming you are not in a restricted country). Here is a good article from them about foreigners opening up US accounts for their entities: wise.com/us/blog/open-a-us-bank-account-non-resident. Hope that helps, and let me know how it goes if you could (www.chrisjacksonlaw.com). Best regards, Chris

Hi. Thanks for watching and for your question. The business tax consultation is about 30 minutes and will cover things like tax election (e.g., should your LLC be taxed as a sole-proprietorship or S Corporation), book keeping, tax savings strategies, etc. It is meant as a 1-time free session with immediate actionable items along with things to think about implementing long-term. However, if you need a CPA to file your tax returns, that will be something you would arrange separate from this formation-service add-on. I generally recommend having an accountant to help with ongoing or tax filing matters. If you need a referral, reach out to me at www.chrisjacksonlaw.com. I'll introduce you to the guy I use (who is smart and relatively inexpensive). Best regards, Chris

You're welcome. I believe you are asking whether you can pay yourself through the LLC? The answer is yes, it is quite common to pay yourself a salary from your LLC, especially if you elect S Corp tax status (though I cannot give tax advice). I personally pay myself from my own LLC, and I also signed up for a 401(k) with a company match (which is tax deductible to the LLC). Note that forming an entity through this service comes with a free tax consultation, so please take advantage of that and ask all the questions you have. Also, if you want a comprehensive "Next Steps Guide" which answers these questions and many other common ones, a related company of mine is selling it (along with legal templates) here: bit.ly/Legal-Templates. I also have a Next Steps video which covers many items (though not in as much detail) here: kzbin.info/www/bejne/h6eppod_aKiXmLM. I hope I answered your question, but if not please let me know! Best regards, Chris

You're welcome. Let me know if you have any questions. Best regards, Chris

Thank you for your kind words! Note that outsourcing labor or services to another country is not something that is addressed in the process of setting up an LLC. Regarding the address question, there are two things you need: 1. You need an agent for service of process (registered agent) in the state of formation (which Bizee will provide for free in the first year, then cap at $119 per year thereafter). Here is a direct link to that service: bit.ly/Registered-Agent. Or, you can be your own agent for service of process. 2. You will need a business address for the LLC itself. If you don't want to use your own address, you can use a UPS Store mailbox, a virtual office service and possibly a PO box (if a physical address isn't required in the state). I personally use two different virtual office services (see my notes in the description under this video). I prefer Bizee's option at $29/month because that is the cheapest I've found, and they notify you when they receive mail and scan/store such mail in your online access dashboard. Here is a direct link to that service: bit.ly/LLC-Office I hope I answered all of your questions, but if not please let me know. Thank you. Best regards, Chris

Thank you so much for your kind words, and I'm glad you are finding them helpful! I'm working on a Holding Company Structure video right now (what does it look like, what are the pros/cons, and how to create one) which should be released soon. Best regards, Chris

I'm sorry to hear that. Please let me know what you are trying to do as a multi-member LLC, and I'll take a look. If you prefer to keep it confidential, you can reach me here: www.chrisjacksonlaw.com. FYI, if you want a more comprehensive attorney-quality LLC Operating Agreement (for a Single Member or Multi-Member Manager-Managed LLC) at a fraction of what you'd pay an attorney, a related company of mine has them for sale here: bit.ly/Legal-Templates. Best regards, Chris

Hi. Thanks for watching and for your kind words. I can't give legal advice without being hired, but here are some general things to consider: 1. Yes, you can hold all titles. Just identify in the Operating Agreement that you will serve as the Manager and also hold the title(s) of CEO, etc. Also, I generally have documents signed on behalf of the LLC with the following title: John Doe, Manager & CEO. I add Manager since it is Manager-Managed and the Manager has all rights provided in an Operating Agreement. I add CEO since most parties are familiar with that title as the highest level officer (though Manager would be in the case of a Manager Managed LLC). 2. If you don't have an Operating Agreement which covers this and other important matters for your LLC, please note that a related company of mine is selling legal templates, including a Single-Member Manager-Managed LLC Operating Agreement. It is fully customizable (with directions) and attorney quality, but at a fraction of what you'd pay an attorney (as it doesn't come with legal advice). If you are interested, you can check it out here: bit.ly/Legal-Templates. If you sign up for the newsletter, you will receive a 10% discount. I hope that helps, but let me know if you have other questions. Best regards, Chris

I'm glad it helped, and thanks for subscribing and liking! It is much appreciated. Best regards, Chris

Hi. That's a great question, thanks. I just went through the process again to see how best to complete that part of the form, and since the instructions provided by FinCEN don't answer those questions, here are some suggestions: 1. File the BOI Form for the Holding Company first, and obtain a FinCEN ID for the Holding Company. Then, enter the Holding Company's FINCEN ID in that section where it asks for information on the Beneficial Owner. Once you do that, it won't ask you other questions about the Beneficial Owner (I hope ... please let me know). This is the cleanest option, and the receipt you get from FinCEN will have the "Reporting Company's FinCEN ID" on the first page. 2. If that is not an option for some reason, put the Company name in #38. Put "N/A" in #39. For Date of Birth, but the date entity was formed. For #48, I would choose "State/Local/Tribe" issued ID. For ID number, I would use the entity number provided by the state when you formed your entity (usually file-stamped on your Articles). Ignore #50c. Then, upload the Articles. Hope that helps! Let me know if you have other questions, thanks. Best regards, Chris

@@cjlawvideos Chris you are truly a value add content provider. I am greatly appreciated you... Maybe you would do this part of content on youtube to help others just like me Thank you

@@bdelight5422 Thank you so much for your kind words. I very much appreciate them. Yes, that is a good idea to do a video (or short) which addresses this question, as it was a very good one! Thanks for the suggestion! Best regards, Chris

You're welcome. Best of luck to you and your LLC.

Thanks for watching and for your question. I can't give legal advice without being hired, but here are some general things to consider: First, whether you have to register your WY LLC in CA is not black and white and is on a case-by-case basis. Here is a good article which addresses this issue: sdcorporatelaw.com/business-newsletter/when-to-register-a-foreign-business-in-california/. However, if you do have to register your WY LLC in CA, you are correct that every two years you'll need to file a Statement of Information (LLC-12). Second, anonymity in CA is as you likely know hard to achieve. I'll give you two fact patterns. 1. Assume you have a WY LLC only that will register in CA. If you absolutely want to keep your name off of the statement of information (LLC-12), then the only loopholes I can think of are: (i) having two or more managers (e.g., your spouse) and have the other manager listed on the LLC-12 (and use a virtual address either in WY or CA); (ii) having a living trust as the member, which living trust does not have your names and list that in the Manager/Member section as the member (though you'd need someone other than yourself to sign the LLC-12); (iii) have a WY LLC as the holding company for your WY LLC operating company, and list the WY LLC holding company as the Member of the WY LLC operating company on the LLC-12. 2. Assume you have a WY LLC as the holding company for a CA LLC. In this scenario, since the CA LLC does not list its manager or member on the Articles of Organization, the place it gets disclosed is the statement of information (LLC-12). Again, you can list your WY LLC as the member. Note also that you can change whether your WY LLC is manager-managed or member-managed at any time by amending the WY LLC's Operating Agreement. With the above said, anonymity is difficult to achieve in CA, but there are creative ways to address this issue if it is important to you. I hope that helps. Best regards, Chris

@@cjlawvideos <<(iii) have a WY LLC as the holding company for your WY LLC operating company, and list the WY LLC holding company as the Member of the WY LLC operating company on the LLC-12. >> In this option, Will the WY LLC operating company hold the brokerage account ? The WY LLC holding company is not doing business in California so it does not need to register and not pay $800 FTB. Only the WY LLC operating company is registered and pays $800 FTB. This seems to be a better approach than option (2) for CA LLC owned by WY LLC. Both must pay FTB (2x $800).

@@Mike-d2d Hi. I can't give you legal advice without being hired to do so. With that said, generally speaking it is typical in a holding company structure that the subsidiary LLC is the operating entity which would be doing business (e.g., managing a brokerage account) or holding real estate. The Holding Company usually does no business (unless it has a Management Services Agreement with its subsidiary(ies)) other than to have profits distributed to it which are then distributed to its member(s). Also I cannot give tax advice (under any circumstances). However, it should not make a difference whether the subsidiary operating company is a WY LLC or CA LLC as to whether the WY LLC holding company is subject to the FTB $800. The FTB is pretty aggressive and may try to collect the additional $800 simply because the owner of the holding company is in CA. Some people have opined that the holding companies should qualify in CA while others don't think it's necessary ... the link I sent you will go into more detail. I cannot provide any specific advice on this unfortunately. Best regards, Chris

Thanks for your kind words. Ok, you got it, it's on my list. Thank you for the suggestion. Best regards, Chris

Hi. Thank you for your kind words, and I'm glad you are finding my videos useful. I cannot give tax advice, and I cannot give legal advice without being hired, but here are some general things to consider: 1. Yes, you will need a registered agent in WY if you form a WY LLC. Here is a link to a video where I show you how to form one on your own, and this company provides free registered agent service in Year 1, then it's capped at $119 per year thereafter (both of which are great deals): kzbin.info/www/bejne/hIbIq4uOmpyhras 2. If you are doing business in CA, you will need to register/qualify your LLC to do business in CA. You can have Bizee do that for you if you like (for a fee), using this link: bit.ly/Foreign-Qualification. Or, you can save some money and do it yourself here: bpd.cdn.sos.ca.gov/llc/forms/llc-5.pdf (this is the form, or there is a link to do it online). The timing of qualifying in CA is something you may want to discuss with your CPA. If you don't need to do it in 2024, then you will save on the $800 CA minimum franchise tax for 2024. 3. If you choose S Corp tax status, which I recommend for consulting LLCs which are profitable, then you will have to file a tax return for your LLC (which will include the states in which you are doing business). With that said, for tax questions, if you don't have a CPA, then I can refer you to the one I use (as do many of my clients). He's great and relatively inexpensive. If you are interested, reach out to me at: www.chrisjacksonlaw.com. I hope that helped, but let me know if you have other questions. Best regards, Chris

Thanks for watching and for your question. I can't give you legal advice without being hired, but here are my general comments: 1. Yes, in my related company's Operating Agreement templates, a Manager has a lot of authority. Also, LLC Managers are generally perceived by third-parties to have the authority to transact on behalf of the LLC (much like a CEO). 2. The templates are here: bit.ly/Legal-Templates. 3. They are in Word format, come with instructions and are fully-customizable. For example, if you want to specifically call out that authority, you can add something like the following to Section 5.7: "to manage brokerage activities, including without limitation buying and selling stocks, ETFs or funds on behalf of the Company." I hope that helps, but let me know if you have other questions. Best regards, Chris

Hi. Thanks for watching and for your question. That's a good and common question. The answer is that the Operating Agreement is an internal document that governs how your LLC should operate, how decisions are made, how members are added, etc. You should just keep it in your files (but follow the rules and guidelines). While it is generally unnecessary to provide a copy to anyone, sometimes a bank where you are opening an LLC bank account will ask for a copy to confirm the name(s) of the member(s) (especially if you are in a state like WY which does not publicly disclose the names of the members). I hope I answered your question, but if not please let me know! Best regards, Chris

Hi. Thanks for your question. It is a good question, as it is not clear what they need. I can't give you legal advice without being retained, but here are some general things to consider. The instructions from the IRS are to enter the "primary physical location" of the LLC. Note that, for WY LLCs, I normally just use the County and State applicable to the address listed on Section IV of the WY LLC's Articles of Organization (which is the listed principal office address of the LLC in WY). With that said, I don't believe it matters too much. However, since you have a holding company structure with a WY LLC holding company and an Ohio LLC subsidiary, I recommend using a WY address (if you have one) for the WY address' EIN or an OH address if you don't. Hope that helps, but let me know if you have other questions! Best of luck to you and your LLC. Best regards, Chris

@@cjlawvideos Thank you for your advice! At first, I thought the primary business address as you stated, but was skeptical as they already asked for the physical location of the business in the prior step. I found it redundant. That's why I had to ask. Thank you again for your help.

@@amanhabtemichael3713 Yeah, it's a bit confusing unfortunately. Glad I could help, and best of luck to you and your LLCs! Best regards, Chris

Hi. Yes, if you are the only member, you would just put in your information. Let me know if you have other questions, thanks! Best regards, Chris

@@cjlawvideos Thx. Finished and submitted.

@@GaryThomasEntertainment Ok, great. Best of luck to you and your entertainment business! Best regards, Chris

Hello Dear Chris Jackson please help me in this regards

Hi. By FinCEN they are likely referring to the Beneficial Owner Information Report (BOI or BOIR). I have a couple of videos on this. The first one gives a general overview and is here: kzbin.info/www/bejne/pZPWaHiYaaashqM. My second video covers how to file it on your own (it's pretty simple and free), and that is here: kzbin.info/www/bejne/f6nJhKCMdrd7ppo. If you prefer to have a 3rd party do it, here is a link to one service I've found: bit.ly/BOI-Report. The bottom line is that you have to file this after you set up your LLC. Please let me know if you have other questions, thanks!

Hi: I just checked and the link works, but you can try this one: bit.ly/California-LLC. Please let me know if that doesn't work, thanks! Best regards, Chris

there is no golden package and silver package when i click on the link

@@sarajuddinsaraj-j4z Hi. Yes, you are correct. Sorry, after I made the video they changed the names of the packages to Basic (was Silver), Standard (was Gold) and Premium (was Platinum). Hope that helps! Best regards, Chris

Hi. Before I answer you question more specifically, please let me know if (i) you will have one LLC, (ii) you will have two LLCs, and (iii) if one LLC, where will you form that? Or, generally speaking, please note the following: 1. After you form an LLC (e.g., in NY), if you want to qualify/register it to do business in another state (e.g., FL), then you would follow the steps set out by the qualification state's (e.g., FL) secretary of state. Here is a link to do it on your own in FL: files.floridados.gov/media/702554/cr2e027.pdf 2. If you prefer to have help qualifying/registering your LLC in Florida or any other state, I recommend this entity service: bit.ly/Foreign-Qualification. I hope that helped, but please let me know if you have other questions. Best regards, Chris

Hi. That's a good question (and I'm assuming anonymity is not important to you). I guess it comes down to whether you want to brand your name or some other brand. For example, I use my own name for my law firm (Chris Jackson Law, PC). In that entity, I'm the one doing all the legal work, and I want my clients to know who their dealing with at all times. Alternatively, for my LLCs I use names that are descriptive of what each LLC does. My name is not as important in those businesses, and I want the LLCs to carry on after I'm gone and for their respective brands to develop value. I hope that helps, but let me know if you have other questions. Thank you. Best regards, Chris

@@cjlawvideos Thanks for the advice. I produce entertainment so I want my name to be known.

​@@GaryThomasEntertainment Yep, that makes sense! Let me know if you have other questions, and best of luck to you and your entertainment business! Best regards, Chris

Hi. Thanks for watching and for your question. To set up a WY LLC (for a brokerage account or otherwise), feel free to check out my video here on how to do it on your own: kzbin.info/www/bejne/hIbIq4uOmpyhras. In addition to excellent asset protection, the owners/members of a WY LLC will benefit from anonymity (if that's important). The members are not listed on the LLC's Articles of Organization filed in WY (and accessible to the public). The only thing listed is your LLC's business address and registered agent. There are many options for the address, and I discuss these in the video. Just note that, the WY annual report will require someone to sign it as an authorized representative. No title is provided, and thus nobody will know the signatory's relationship to the LLC. However, if you don't want your name on the annual report, then you can simply authorize someone else to sign. As for the holding company structure, I don't know that you need one for a brokerage account business. It is up to you, but just note that having 2 LLCs will cost you more. I normally recommend holding company structures for real estate, manufacturing or other potentially high-risk businesses. With that said, if you want to form a holding company in WY and then have a subsidiary LLC in your home state, you would set up the WY LLC first. Then, when you form the second LLC, you list the WY LLC as the member (and manager if you want anonymity and your state requires the name of the manager). Essentially, you would own the WY LLC and the WY LLC would own the second LLC. For this purpose, I have a lot of videos on how to set up LLCs in states other than WY (CA, DE, TX, FL, NC, NY and more on the way). I hope this helps, but let me know if you have any questions. Thanks! Best regards, Chris

Hi. Thanks for watching and for your questions. I cannot give you tax advice or legal advice (without being retained), but here are some general things to consider: 1. If you select S Corp tax status for your LLC, then you can pay yourself (and other employees, including your child). 2. The amount you have to pay as wages versus as distributions to the member varies and depends upon a number of factors (including what is a typical salary for someone in your position in the same industry). Generally speaking CPAs will give you a range between 30-60 percent of profit should be paid as wages, and the balance can be pass-through taxable (which excludes social security, medicare and unemployment insurance tax). 3. Being able to pay yourself a salary also allows you to set up a 401k with a possible company match. I do this myself and highly recommend it. I use QuickBooks and Guideline is the 401k provider. 4. Note that I have a very extensive guide that goes into great detail (with examples) about this and other questions an owner of an LLC may have, and you can find that here: bit.ly/Legal-Templates. I hope that helps, but let me know if you have other questions! Best regards, Chris

@@cjlawvideos great tat does appreciate it

@@tracymicheal2096 You're welcome, and best of luck to you and your business! Best regards, Chris

@@cjlawvideos I see your a proponent of Wyoming, I set up a LLC for my self directed IRA Roth, however being in California, which I thought you as well operated a business, is suppose to organize the LLC or company in which state you operate from, can you touch on this and I like to see if you have a operating agreement for one member LLC template for California LLC not Wyoming, thanks

@@tracymicheal2096 Hi. I can't give legal advice without being hired to do so, but here are some general principles: 1. Yes, I prefer WY LLCs for the reasons I set forth in my "Best State for Your LLC" video. 2. However, I have this CA LLC video (and other states' LLC videos) for a couple of reasons. First, in case someone wants to have a holding company structure for their LLCs (e.g., whereby you are the member of the WY LLC and the WY LLC is the member of the CA LLC and the CA LLC is the operating LLC). Second, if someone would rather just open a CA LLC to avoid the extra cost of opening a WY LLC and having it qualify to do business in CA (if required). This will save on the cost of qualifying/registering a foreign (e.g., WY) LLC in CA, which is a one-time cost. It will also save on the WY $60/yr. annual report. Lastly, they will save on the WY registered agent cost (although this is free for Year 1 with Bizee and capped at $119/yr thereafter). 3. In your case, whether you need a holding company structure (a WY LLC and CA LLC) is a question of how tolerant you are as to costs (2 LLCs vs 1 LLC) and what are the potential risks of your operating entity (which presumably will be investing your Roth IRA funds). A holding company structure will provide better asset protection, but it comes at higher initial and annual costs. 4. Whatever you choose to do, note that my related company just added both WY and CA LLC Operating Agreement templates here: bit.ly/Legal-Templates. I hope that helps, but please let me know if you have any more questions! Thank you. Best regards, Chris

Hi Paul. Thank you for watching, for your kind words and for your question. Although I plan to make a video specifically for non-residents, I have not done so yet. However, I recommend Wyoming (this video) as the best jurisdiction for both residents and non-residents. The primary difference is that, when you get to the EIN section, select that you are a non-resident/foreigner so that they know how to obtain the EIN for your LLC. Once you have the EIN, you can open a bank account for your LLC. Hope this helps and I wish you all the best! Best regards, Chris

Hi. Thanks for watching and for your question. Please note the following: To add a member to your LLC in general, you need to follow the process set forth in your LLC Operating Agreement. You will then need to update your LLC information in NY when you file your annual report. Please note: Bizee provides a free Operating Agreement, but if you want something more comprehensive you can watch my video on how to create one for free (though you cannot amend the free version) here: kzbin.info/www/bejne/Y2ixeWxrlrJlj7M. However, if you want a fully-customizable one which addresses all issues, a related company of mine is selling Operating Agreements here: bit.ly/Legal-Templates. Regarding what to do in NY, you have to update your annual report with member information every 2 years. When you are ready to do so, you can do it yourself here: filing.dos.ny.gov/eBiennialWeb. However, if you prefer to have a third party do it, you can have Bizee do it for you (and send you reminders) here: bit.ly/annual-report-service Hope this helps, but let me know if you have other questions. Thank you. Best regards, Chris

Thank you for the kind words. I can't give you tax advice or legal advice without being retained, but generally speaking funding your LLC is not a taxable event (whether you fund it with cash or contribute a product in which you've invested). If you need a more comprehensive explanation on setting up your LLC and operating it properly, note that a related company of mine created a Next Steps Guide (with examples) here: bit.ly/Legal-Templates. With that said, let me know if you have other questions! Best regards, Chris

Yes, Wyoming only discloses the business address on the Articles of Organization (and nothing about the name of the member). When you file the annual report in WY (a year after you form your LLC) someone will need to sign it as the "authorized rep" but whoever is signing that form it is not necessarily the member or manager. I hope I answered your question, but if not please let me know! Best regards, Chris

Hi. I can't give you legal advice without being retained, and I'm not sure in what state you are located. With that said, generally speaking, here are your options (without getting into trust options): 1. The most protective approach is to have two LLCs. One is the holding company LLC in WY (which you own). The other LLC is the LLC in the rental property state (which your WY LLC owns as the sole member). That local state LLC owns the rental property. 2. A less protective, but less expensive, option would be to form a WY LLC which owns the rental property directly and registers to do business in the rental property state (assuming that's not WY). 3. The least protective (unless your rental property is in WY, NV or DE) and least expensive approach would be to have an LLC formed in the rental property state. I hope this helps, but let me know if you have other questions! Best regards, Chris

Thank you for the kind words. I can't give you tax advice, but generally speaking I like to elect S corporation tax status for LLCs unless the LLC will own real estate (or be a holding company that owns an LLC which owns real estate). With that said, there is a free tax consultation available to you when you set up your LLC via Bizee per this video. They can give you advice specific to your situation. I hope that helped, but let me know if you have other questions. Thank you. Best regards, Chris

Hi. Bizee can provide you the basic paperwork needed to form and operate your LLC (Articles of Organization, EIN and Form 2553 Tax Election) plus a template Operating Agreement in the standard package. However, it sounds like you want something more custom. The Articles are always a template, but to have a custom Operating Agreement you'll need to hire an attorney. Here is my video on how to set up a WY LLC using Bizee: kzbin.info/www/bejne/hIbIq4uOmpyhras. Here is a link to a related company of mine that has a very comprehensive attorney quality (but template) Operating Agreement: www.attorneydrafted.com. However, if you want an Operating Agreement that is more specific to your situation, you should hire an attorney in your state. Unfortunately, depending upon your state, it may cost more than $250 to get a customized Operating Agreement. I hope this helps, but if not, please let me know! I wish you and your LLC all the best. Best regards, Chris

@@cjlawvideos Thank you!🥰

@@helprehouseourvets6919 You're welcome!

Thank you for your kind words. Bizee does not automatically file your initial Statement of Information , but they will both remind you of when it is due and file it if you choose to pay them to do so. With that said, to do it on your own (to save on Bizee fees), you can go here: bizfileonline.sos.ca.gov/. You will see "File a Statement of Information" under "Business Entities." I hope that helps, but let me know if you have other questions! Best regards, Chris

@@cjlawvideos Thank you I will take a look at the link.

@@joyflowers6693 You’re welcome, and let me know if you have other questions. Best regards, Chris

Thanks for watching and for your question. On the last page before you preview and order the Operating Agreement, you can specify the date of the Operating Agreement. If you failed to do this, and you have already downloaded it and don't want to pay to make changes, then you can always print it out (which you'll need to do when you sign it) and then write in the dates by hand. Alternatively, you can pay for the editable version if you like. I hope this helped, but if I misunderstood your question, please let me know. Thanks! Best regards, Chris

Hi. Thanks for watching my video and for your questions. I cannot give you tax advice, but note that WY is a tax-free state, and the only fee you will have to pay in WY is the $60 annual report fee (assuming your LLC doesn't own more than $300,000 of assets located in the State of WY). I hope this helps, but let me know if you have other questions. Thanks! Best regards, Chris

Glad it was helpful, thanks! Best regards, Chris

Agreed!

Hi. Thanks for watching and for your question. Since your LLC was formed before 2024, you have the balance of 2024 (as you know) to file your BOI Report. If you prefer to wait for the outcome of the constitutionality of the CTA, you can of course do that. However, if there is no final determination before the end of 2024, you will need to file by December 31, 2024 to be considered on-time. If you are going to wait and see, just make sure you set a few calendar reminders. I hope I answered your question. Thanks! Best regards, Chris

Hi: Yes, I have seen LLCs operate recycling centers in California. This is not legal advice, but unless your country requires a type of entity other than an LLC (which would be unusual), then you can certainly use an LLC for your recycling center. Best of luck to you and your business! Best regards, Chris

Thank you for your kind words! Best regards, Chris

Hi. Thank you for watching my video and for your question. To Qualify/Register your LLC in California, you will need a Certificate of Good Standing in your formation state (in WY, you can get it for free by going here: wyobiz.wyo.gov/Business/ViewCertificate.aspx). If you want to qualify/register your LLC in CA on your own, you can apply online here: bizfileonline.sos.ca.gov/forms/business. Or, if you don’t want to do it yourself, Bizee can help you do it by going here: bit.ly/IncFileForLLC. Select “Services” at the top and choose “Foreign Qualification.” They can serve as your Registered Agent in CA if you like, otherwise you will have to appoint yourself or someone as your registered agent in CA. Hope that helps! Best regards, Chris

Thanks for watching my video and for your question. Most entities are not "exempt" (unfortunately). An exception would include a company with 20+ full-time employees and over $5m in revenue. Here is a good article which lists what companies are exempt: www.wolterskluwer.com/en/expert-insights/the-23-exemptions-from-the-corporate-transparency-act. So, unless your LLC is exempt, you will need to leave that box unchecked and provide the information. Best of luck to you and your LLC! Best regards, Chris

@@cjlawvideos thank you Chris! Really appreciate your help

@@yianapandelis8692 You're welcome, and best of luck to you and your business. Best regards, Chris

That's great to hear, thank you! Best regards, Chris

You're welcome! Glad you found the video helpful, and let me know if you have any questions! Best regards, Chris

Hi. I can't give you legal advice as I'm not your attorney, but you can start with your Trust as the member if you'd like. Or, if you don't have a Trust yet, you can start as the individual member and later transfer your membership interest into your trust. That is done all the time, so no worries if you want to do it later. I hope this helps! Best regards, Chris

Thank you for your kind words. Note that you don't have to establish an office in Wyoming to open an LLC there, so long as you assign Bizee (or another entity) as registered agent in WY. However, if you want the LLC to have its main office in WY (like I do with one of my LLCs), you can use Bizee's virtual office option (like I do) for $29 per month. With that said, you can use your home address or another address in your home state as the business address for your LLC. It's up to you. Let me know if you have any other questions! Best regards, Chris

@@cjlawvideos Thanks for the reply. I have to take a serious look into this. Cheers!

@@deejay4837 You're welcome, and best of luck to you and your business. Best regards, Chris

Hi. Thanks for watching the video and for your question. Unfortunately, at this time I am not taking on clients located outside of CA. However, if you do end up forming an LLC in WY (my first choice) or NV (my second choice) on your own, I have the following tutorials: WY: kzbin.info/www/bejne/hIbIq4uOmpyhras, and DE: kzbin.info/www/bejne/nHOvnaywmcp5fdk. NV is a bit too pricey in my view. I have used Legal Zoom in the past, but I prefer Bizee and use them exclusively due to cost, customer service, etc. I wish you all the best in your business venture! Best regards, Chris