7 Big Advantages of an LLC: The Most Popular Business Entity

7 Advantages of an LLC, limited liability company, in 2022. LLCs are the most popular business entity and for good reason.
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There are many fantastic advantages to choosing an LLC over other business entities whether you are a single-member LLC owner or a multi-member LLC owner.
So in this video, I want to help eliminate some confusion and make it crystal clear the
- 7 Big Advantages of an LLC
- What Type of Protection you should expect
- Notes & Calculations along the way
Timestamps:
Intro (0:00)
Advantage #1 (1:25)
Advantage #2 (2:28)
Business Legal Risks (4:40)
Advantage #3 (5:34)
Advantage #4 (6:50)
Advantage #5 & 6 (9:55)
Advantage #7 (11:03)
IMPORTANT NOTE: (11:44)
Helpful tools I use:
- Quickbooks (for Bookkeeping): bit.ly/3ATx1F3
- ZenLedger (Crypto capital gains tax tool): bit.ly/3Lgabwf
More Popular Uploads:
Disadvantages of an LLC: kzbin.info/www/bejne/j3rIeYZ6l7hpadE
Single Member LLC, What You Must Know: kzbin.info/www/bejne/n3ncYquCjtaGbLM
How to Start a Business: kzbin.info/www/bejne/nXasdJVmaNyEpMk
How to Write Off Lifestyle Expenses: kzbin.info/www/bejne/rnfdiJ6eabqFr9k
How to File Your Taxes as an LLC: kzbin.info/www/bejne/rKLWmJuAi5Z0mLc
5 Startup Grants: kzbin.info/www/bejne/fKjIcnWrYr2DhK8
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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).

[@K71090]

I just registered my business this year of 2022. Been a sub since of this year. All I need is my sellers license and POS devices and quickbooks.

[@BrittHustles]

This channel is so underrated.

[@FinancialFreedomMadeSimple]

Great work Sean!

[@Waltz1776_]

I plan on starting an LLC next month, wish me luck, it's my first one 😄

[@BrittHustles]

My business is scrambled lol I have a LLC but I think I’ve been using it wrong as a Sole Prop. 😑 Binge watching videos on your channel to get it right. I would like a holding company to hold other LLC

[@marieoalwaysonnahunnid]

Just subscribe to the channel trying to learn alot about llc and running your own business thanks for the information and input 👍🏽

[@valariethomas2334]

I'm currently a sole proprietor, planning on turning it into a LLC in the near future.

[@LYFEAccounting]

Is there anything stopping you?

[@MrSkillz07]

So S-corps are doubled taxed too?? 🤔 that’s new to me. I get it the wages are taxed and then the profits…but I wouldn’t consider this double taxation though. Now with a C-Corp it’s definitely double taxed. Nonetheless good video 👍🏾

[@Michigans_Natural_Living]

Do you operate a biz as a s-corp, if so how has that worked for u thanks!

[@TayG_9Deuce]

When creating your LLC should you get a virtual mailbox, P.O box or use your own home address?

[@LYFEAccounting]

I think this is more of a preference

[@yungdcwa81]

i like this guy , great personality

[@LYFEAccounting]

Thanks for that!!

[@00eaugallie]

What kind of things that will not allow me to start my s-corp,or llc ,i just applied for my profit corporation and im still waiting for the approval the site did say they are a little backed up right now so i understand the hold up for that but i still have the whole what if I get turned down scenario running in head ,so if you can let me know what are some reasons for not being approved to start my business, because this is one of my big goals in my life that I'm set on doing because i want to be legit and enjoy the benefits of my hard work, thanks for taking the time to go through my question, and great job on this informative video

[@edgarpadilla7397]

Have $12k invested in my single member LLC. The government gave me $2k back in taxes. WTF Happened? Not calling it quits, but I was close.

[@01RMoore]

Dreamy Destinations Travel LLC (Corporation)

[@nayinayi1]

In NM the LLC annual fee is $50.00

[@philliptwinejr884]

I have a financial consulting company through an LLC

[@Barry17599]

Yes

[@ChristinaD1996]

You get "axed" as a tax professional all the time? Strange! You seem fine to me!

[@LYFEAccounting]

Ok Dale, we get it

[@ChristinaD1996]

@@LYFEAccounting Just wanted to make sure, thanks! Love the content!

[@trealslawncare]

I own a lawn care company under an LLC

[@LYFEAccounting]

Thanks for sharing!

[@TheTruthAllDay]

I have a lawn care service, what are your financial advantages?

[@Barry17599]

Ok

[@aidamartinez4890]

🙏🏼🙏🏼🙏🏼👍🏽👍🏽👍🏽

[@niyah_jordan3147]

LLC

[@charleswright767]

Llc