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LegalZoom vs IncFile vs TailorBrands vs Northwest -- who should you use to form your LLC?

  Рет қаралды 68,953

Elizabeth Potts Weinstein

Elizabeth Potts Weinstein

Күн бұрын

Do you want to hire someone to help you form your LLC and even serve as your Registered Agent? My top recommendation for years has been Northwest. They have the best customer service! (I secret-shopped them to make sure!)
Northwest: bit.ly/3NVH84b
I am now an affiliate of Northwest, which means I get paid a commission for purchases made through the link, at no additional cost to you. This helps support the channel so I can make even more videos and tutorials for you all!
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Are you starting a business and want to create your own LLC (Limited Liability Corporation) using one of the big online filing services -- LegalZoom, IncFile, TailorBrands, or Northwest? In this video I create an apples-to-apples comparison of their pricing and features for forming an LLC in California, so you can understand the best value and what you actually get for your money.
00:00 Intro
02:33 LegalZoom
06:27 IncFile
08:01 TailorBrands
13:30 Northwest
16:39 Summary Chart & my recommendations
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Legal Disclosure: Elizabeth is licensed to practice in the state of California and before the United States Patent and Trademark Office. Information contained in this video is not legal advice - please seek advice of counsel. This video and description may contain attorney advertising.
Disclosure: My videos may contain reviews, recommendations, testimonials, or endorsements of other businesses, individuals, events, materials (such as books), products, services, or websites. I may receive affiliate percentages on sales; if so, it will say “affiliate link” after the link. I will clearly disclose if I have received a free product, free service, discount, or any other compensation related to a review.
Twitter: / elizabethpw (@ElizabethPW)
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Пікірлер: 457
@ElizabethPW
@ElizabethPW Жыл бұрын
Just put up the latest comparison: ZenBusiness vs Stripe Atlas vs Doola vs BetterLegal: kzbin.info/www/bejne/paCnq56Ql66Co6s (so many of you requested ZenBusiness in particular!!)
@mercynicole166
@mercynicole166 Жыл бұрын
Research is SO important! VERY important! Which is what I’ve been doing for a couple of days now😅 and then you feel comfortable to move forward once you come across something that makes SO much sense! And it it’s not “advertisement”…you did the research for us! Thank you! This video was VERY helpful!! 👍🏾👍🏾Excellent!!
@ElizabethPW
@ElizabethPW Жыл бұрын
Great to hear! 😁
@investorgeny
@investorgeny 10 ай бұрын
Say no more. 🤝
@tierras760
@tierras760 7 ай бұрын
I’m brand new to the LLC process and have seen so many “reviews” that end up pushing you to an affiliate link or just flat out feel like a sales pitch - I cannot express how helpful and clarifying this video was! Thanks so much for this honest, unbiased research!
@ElizabethPW
@ElizabethPW 7 ай бұрын
Welcome!
@PhortyRounds
@PhortyRounds Ай бұрын
You're amazing. I already went the LegalZoom route two days before watching this video and I am like "ah man I should have done more research." Already several videos in now and subscribed. Thank you for your insight!
@Plantsonpurpose
@Plantsonpurpose Жыл бұрын
I was leaning toward Northwest and this just confirms what I thought. It looks like Northwest also has a $9/month business phone that's VOIP. I use VOIP at work and it's usually more clear than my cellphone. Love the content!
@ElizabethPW
@ElizabethPW Жыл бұрын
Interesting, let us know how their voip system works for you if you go with it
@hamzanabil8822
@hamzanabil8822 8 ай бұрын
you are overpaying ,you can get a voip phone for like 25 dollar a year max.
@dawndrew8313
@dawndrew8313 Ай бұрын
Make sure you call them! My application went nowhere the website stuff was not easy...took me weeks and instead of a llc i was asked howni would like to proceed? Uh thought i ordered an llc? Then got charged twice for trial phone that initially said was free! They did call me but my phone acts up and i missed it..by then i just gave up!
@toddpetty5130
@toddpetty5130 Жыл бұрын
Thank you for this. I am certain that you saved many people's time and frustration with such an in-depth real-world explanation.
@ElizabethPW
@ElizabethPW Жыл бұрын
Welcome!
@willaribraheem4140
@willaribraheem4140 Жыл бұрын
I recently helped a client set up an LLC through Incfile. She also needed “a certificate of Good standing” In order to open her bank account. Which was a separate cost outside of Incfile, but Incfile allows you to file for it through the app. Incfile also did not allow us to set up a foreign registration in Puerto Rico, but North West Did. We got to experience both formation companies. Even though Incfile couldn’t do the foreign registry, they did include a bank account with their silver package 😉 they might not be able to deliver your documents as fast as North West, but Incfile offers the option to expedite for $50 and they offer more bang for your buck!
@ElizabethPW
@ElizabethPW Жыл бұрын
Thanks for letting us know about your experience!
@certifiedslay2469
@certifiedslay2469 Жыл бұрын
Just to clarify, the person who wanted to set up their LLC was puerto rican? So she set up a non US resident LLC with incfile?
@FincherCreative
@FincherCreative Жыл бұрын
Thank you for this info! I was going to look into incfile + expedited because it put it nose and nose with northwest and is also pretty highly rated in my research.
@hustledimes
@hustledimes Жыл бұрын
Wow!!!😮😮😮 Thank you so much for this video ma’am.. I myself am looking into starting my LLC. I was leaning towards Incfile.. but after watching your video, I probably will go for the Northwest for that little extra I believe it is worth it 🙏🏽🙏🏽
@ElizabethPW
@ElizabethPW Жыл бұрын
Glad it was helpful!
@bluewater454
@bluewater454 Жыл бұрын
You went an extra mile(or two) on this one. 👍👍 Double thumbs up
@sirleonard1
@sirleonard1 Жыл бұрын
Sitting at night wondering how to even start and then I stumbled on your video. Thank you Elizabeth, this is great!
@ElizabethPW
@ElizabethPW Жыл бұрын
Glad it was helpful!
@tirthb
@tirthb Жыл бұрын
Just registered. Fully agree with the conclusion. Had a great experience with Northwest. Though it cost me $300.
@ElizabethPW
@ElizabethPW Жыл бұрын
Glad to hear you had a good experience with Northwest
@JohnSmith-bs9ym
@JohnSmith-bs9ym Жыл бұрын
Thank you so much! What Tailor Brands did was absolutely horrible! They overwrote your decision and hoped you wouldn't notice lol...I'm going to pick Northwest. Thanks for doing the research for us!!
@ElizabethPW
@ElizabethPW Жыл бұрын
You are so welcome!
@cassandrahepp6445
@cassandrahepp6445 Жыл бұрын
IDK how many videos it took for me to find you but I'm so grateful for your breakdown. It was so much more straight forward and I could actually understand the breakdown! Thank you so much!
@ElizabethPW
@ElizabethPW Жыл бұрын
Great to hear, thanks!
@Nora-yi2ju
@Nora-yi2ju Жыл бұрын
Hey thank you so much for making this! I've been wanting to switch from operating as a Sole Proprietor to an LLC but the process is way to overwhelming for me. This helped a lot.
@ElizabethPW
@ElizabethPW Жыл бұрын
Glad it was helpful!
@ElizabethPW
@ElizabethPW Жыл бұрын
Here are links to the four companies' websites: www.northwestregisteredagent.com/ www.tailorbrands.com/ www.incfile.com/ legalzoom.com/
@rich2209
@rich2209 Жыл бұрын
On the contact details for NORTHWEST, what address am I to use? Why would I use my personal? Doesnt that defeat the purpose of using a registered agent?
@americanbully9583
@americanbully9583 Жыл бұрын
This was very informative and straight to the point well done Elizabeth 😊
@ElizabethPW
@ElizabethPW Жыл бұрын
Glad you think so!
@GhosthashCrypto
@GhosthashCrypto Жыл бұрын
Thank you for the video. Clear and detailed. Obtaining the EIN is so easy, free, and instant. These companies are making a killing just by filling out that 1 page form for people.
@ElizabethPW
@ElizabethPW Жыл бұрын
Agreed! It is rare that someone needs help with an EIN -- most people are better off doing that one themselves.
@danielleporter1829
@danielleporter1829 Жыл бұрын
@@ElizabethPWCan't someone as easily file for an EIN with the IRS than going through one of these companies. Fun Fact: LegalZoo has been around since the late 90s,. I remember being high school and seeing Robert Shapiro ( that Robert Shapiro) doing ads for LegalZoom , I'm pretty sure he's one of the founders.
@FincherCreative
@FincherCreative Жыл бұрын
Yeah I kept wondering if I was missing something. I can just uncheck the box and then go get the EIN myself, right? In many cases it's a 5 minute phonecall and you're done. I'm confused.
@jayanthirao9726
@jayanthirao9726 Жыл бұрын
Bingo!!!! Exactly what I needed. I was inclining toward Incfile, now understand this better. Northwest seems to fit my needs better. Thank you for this information packed video as always.
@ElizabethPW
@ElizabethPW Жыл бұрын
Great to hear!
@mercyjalpert4494
@mercyjalpert4494 Жыл бұрын
Elizabeth thank you for taking the time to show us how to create our own LLC with 4 different services. I'd rather create the LLC myself and save $.
@ElizabethPW
@ElizabethPW Жыл бұрын
Makes sense! I think many people can form their own LLC, now that the states have online filing systems.
@davilavish5326
@davilavish5326 7 ай бұрын
Wow! This was a really great video, definitely put my mind at ease of which site to form my LLC with. Thank you!
@ElizabethPW
@ElizabethPW 7 ай бұрын
You're so welcome!
@Amayi1
@Amayi1 Жыл бұрын
Wow, thank you! I just came across your video and was looking at LegalZoom, but I was curious about other companies. I think Northwest makes the best sense. I am going to take a closer look at Northwest. Thank you so much!
@ElizabethPW
@ElizabethPW Жыл бұрын
Glad it was helpful!
@hypergalaxydraws6258
@hypergalaxydraws6258 Жыл бұрын
Hey, thank you for doing the research for what websites to use to file for an LLC! I was going to lean towards Tailor Brands, now I know what to use! Ill try Northwest
@ElizabethPW
@ElizabethPW Жыл бұрын
Best wishes with it!
@martinachoi7843
@martinachoi7843 Жыл бұрын
I just checked Incfile and now it just takes 4 weeks instead of 8 weeks to form your LLC wihtout expedited filing service (you can upgrade to it for your filing in 5 business days for $50)
@ElizabethPW
@ElizabethPW Жыл бұрын
Thanks for that info! I did use incfile to create an LLC to test them, and it took them even less time. I think they underpromise and deliver faster so people are happier
@kavinmehta
@kavinmehta Жыл бұрын
Thanks! This was really helpful. You are one of the only few ones I found that didn't have affiliate link which lets me know that you are genuine!
@ElizabethPW
@ElizabethPW Жыл бұрын
Great to hear! Yep one of the companies in this list approached me to be a "sponsor" but I didn't take them up on it, so I can do unbiased reviews
@LalithoTheRedBorderCollie
@LalithoTheRedBorderCollie Жыл бұрын
Thank you so much, you saved me like $600 to file a LLC and to get everything started with an agent and an EIN
@ElizabethPW
@ElizabethPW Жыл бұрын
Great to hear!
@gazstpatrick6574
@gazstpatrick6574 Жыл бұрын
Who did u go with
@JACk-hv7yf
@JACk-hv7yf Жыл бұрын
Very helpful and well presented - I am certainly following you! Appreciate your professionalism and business sense! Thank you!
@ElizabethPW
@ElizabethPW Жыл бұрын
I appreciate that!
@joaomeregildo5067
@joaomeregildo5067 Жыл бұрын
I just want to thank you so much for making this video! U honestly have help me so much
@ElizabethPW
@ElizabethPW Жыл бұрын
You are so welcome!
@BHadassah
@BHadassah Жыл бұрын
This was very helpful. Now I want to close down my 1 year old business and start again with Northwest. Thank you!
@ElizabethPW
@ElizabethPW Жыл бұрын
Good luck with it!
@tirthb
@tirthb Жыл бұрын
Wow, what an amazing video. Well researched. Clear scenario and comparisons. Clear opinions.
@ElizabethPW
@ElizabethPW Жыл бұрын
Great to hear, thanks!
@jaysublime1793
@jaysublime1793 Жыл бұрын
id just like to say that your awesome for all this great information, definitely gave me the information I needed. STAY UP!!!!!
@ElizabethPW
@ElizabethPW Жыл бұрын
Thank you!
@anamiguel668
@anamiguel668 Ай бұрын
Awesome video, thank you!
@Sergie_babes
@Sergie_babes Жыл бұрын
This was great I stumbled on ur video.thank you Elizabeth.think I'm going with northwest for my start up buisness
@ElizabethPW
@ElizabethPW Жыл бұрын
Best of luck!
@mojocat7675
@mojocat7675 9 күн бұрын
I just very quickly need to get my brand trademarked. I have had it for 12 years and want to do more with it. There are people who have created FB groups using my brand after I created it.
@ElizabethPW
@ElizabethPW 7 күн бұрын
You can apply for expedited processing if someone is already infringing you
@MrLaFocaccia
@MrLaFocaccia 5 ай бұрын
Northwest offerings right now with the basic package is a great value compared to anything else really right now!
@ElizabethPW
@ElizabethPW 5 ай бұрын
Glad to hear!!
@Ryansanvy
@Ryansanvy 6 ай бұрын
Especially Thanks to Elizabeth.....🙌💛 I will choose NORTHWEST because I am a Bangladeshi citizen. I don't have an SSN, and without an SSN, it will take more than 3 months to get your EIN, but it's not like NORTHWEST forces you to take their complete package like others do; you only get your EIN by fax. can apply for It and its very easy, guys; otherwise, you can use their registration agent address. I actually like their honesty, and if you are a beginner, I would recommend NORTHWEST. Best wishes for everyone!💛🤲
@ElizabethPW
@ElizabethPW 6 ай бұрын
Thanks for sharing your experience!
@JuniorShepherd
@JuniorShepherd Жыл бұрын
Northwest seems to be the way to go! Thanks Elizabeth for sharing this info.
@ElizabethPW
@ElizabethPW Жыл бұрын
Welcome!
@KnightOwlMedia
@KnightOwlMedia Ай бұрын
Awesome video👍👍
@nottyma2572
@nottyma2572 Жыл бұрын
Thank you. More questions later. I’m very new but need to start my consulting company.
@ElizabethPW
@ElizabethPW Жыл бұрын
Welcome - sounds good!
@c.phillips1383
@c.phillips1383 Жыл бұрын
Thank you so much for doing this! Appreciated!
@ElizabethPW
@ElizabethPW Жыл бұрын
Welcome!
@doodlingjorge
@doodlingjorge Жыл бұрын
Very good comparison! Thanks for doing this. Saved me time.
@ElizabethPW
@ElizabethPW Жыл бұрын
Great to hear!
@FunSizSnak
@FunSizSnak 7 ай бұрын
I just checked and realized they all have different fees for each state and im in florida and it starts out in the beginning for NorthWest $359 😮
@ElizabethPW
@ElizabethPW 6 ай бұрын
Yep that's true, every state has different fees!!
@ScattyLife392
@ScattyLife392 Жыл бұрын
Thank you so much for this comparison video. This really helped me solidify my decision.
@ElizabethPW
@ElizabethPW Жыл бұрын
Great to hear!
@stevenkopca7130
@stevenkopca7130 11 ай бұрын
Wow great video! I wish I found this 6 months ago before I went to Legal Zoom could've saved me a few hundred dollars. Plus I ordered a DBA for my sole proprietorship but the bank would not let me open an account with all the licenses and certificates that I had cause I needed my DBA Certificate which I did not receive from my county clerks office but was told by (not one) but 3 Legal Zoom employees that I didn't need the certificate and that I WOULD NOT be getting a Physical DBA Certificate. THEY WERE WRONG! All 3 of them. I called the County Clerks office and they said they sent me one but will send me another one in which I did receive. Long story short my Bank was right and Legal Zoom was wrong. Thank you for this video.
@ElizabethPW
@ElizabethPW 11 ай бұрын
Welcome! sorry to hear about the trouble you had with them
@KosmicG88
@KosmicG88 Жыл бұрын
Thank you for all the helpful tips!!! 🤩
@ElizabethPW
@ElizabethPW Жыл бұрын
You are so welcome!
@investorgeny
@investorgeny 10 ай бұрын
🤝 Thank you for sharing your detailed LLC formation comparison review. 👍👍 Great educational content! Keep up the outstanding job. 🤔I started doing opening an LLC online, and I stopped to do more research. After watching countless KZbin video contests about forming an LLC from LLC Buddy, Life Accounting, etc., I've decided to use a professional service as I will definitely spend way more money doing it myself. 🙄 Articles of Organization is $200 for my state, Certificate of Publication costs $50, Biennial Report/Statement is $9, and plus the registered agent along with the virtual business address which varies. These are required! Hiring Northwest Registered Agent for $125 per year is not that painful. Offering legal services including this price would've been amazing. I started using iPostal1 basic plan, but I'll cancel it and choose Northwest. It'll be way less complicated.
@ShaeLuv
@ShaeLuv Жыл бұрын
Many thanks, just what I needed to make a decision.
@ElizabethPW
@ElizabethPW Жыл бұрын
Great to hear!
@Shujin_Summit_Gaming
@Shujin_Summit_Gaming Жыл бұрын
I love you!! Thank you so much for this!! I'm subscribed! ❤️❤️
@ElizabethPW
@ElizabethPW Жыл бұрын
Welcome! ❤️
@agraham916
@agraham916 6 ай бұрын
thanks for sharing all the info... super helpful. quick question for you. I believe i may have jumped the gun and created my EIN before creating LLC. im hoping to create multiple LLCs under an umbrella organization. I created the EIN thinking it could be the umbrella. i was wondering if i could still create my other LLCs and just have the EIN and the multiple LLCs share a dba? this way the EIN could be used accross all the created LLCs. Is that possible?
@ElizabethPW
@ElizabethPW 6 ай бұрын
If you want multiple LLCs under one umbrella, the umbrella has to be its own LLC. Or it could be a partnership of the multiple LLCs. But an EIN and a DBA -- those are not a legal entities.
@agraham916
@agraham916 6 ай бұрын
@ElizabethPW thanks a bunch for the feedback... you got me as a subscriber 😀... i was trying to save dollars and avoid creating the other LLCs, 😒... but i guess there is no clear way... my company will be in the real estate industry and will hold real property... one LLC will capture commercial, the other residential, the other service... but all will be under the umbrella of a single "holding company" which is where my i created my EIN... so what im hearing is that i need to create LLCs for each entity and pay the registration agent fees for each, ☹️... if I created the EIN already do i need to modify the DBAs in the EIN application for the holding company to include all the other LLCs?
@marissagonzales2935
@marissagonzales2935 Жыл бұрын
Thank you so much!! This information is very helpful.
@ElizabethPW
@ElizabethPW Жыл бұрын
Glad it was helpful!
@christiantotten1574
@christiantotten1574 Жыл бұрын
thank you so much, Elizabeth! Such a helpful video!
@ElizabethPW
@ElizabethPW Жыл бұрын
Glad it was helpful!
@jademonae123
@jademonae123 Жыл бұрын
Wow!! Thanks so much. This was very helpful!🤩🤩
@ElizabethPW
@ElizabethPW Жыл бұрын
Glad it was helpful!
@dominiqueh7101
@dominiqueh7101 Жыл бұрын
Great information. I wanted to tell you your mic is very clear, more clear than other people’s videos I’ve seen. Could you link what mic you have?
@ElizabethPW
@ElizabethPW Жыл бұрын
Thanks! I have two mic's - one is attached to my computer (www.amazon.com/gp/product/B08CVP2HXP/ ) and the other is attached to my camera (RODE VideoMic GO Lightweight On-Camera Microphone, got as part of a "content creator kit" for the Canon m50)
@redryder210
@redryder210 6 ай бұрын
Best content, so glad I found your videos
@ElizabethPW
@ElizabethPW 6 ай бұрын
Glad to hear it
@ErikaJayne1267
@ErikaJayne1267 Жыл бұрын
Great video! I’m waiting for my immigration paperwork to which I’ll get a social insurance number. Is it ok to register my LLC to save it and then apply for my EIN once in America in a few months?
@ElizabethPW
@ElizabethPW Жыл бұрын
You can do that, as long as you don't start using the LLC (you won't be able to get bank account etc)
@aliyah4696
@aliyah4696 2 ай бұрын
Video was definitely helpful
@ElizabethPW
@ElizabethPW 2 ай бұрын
Great to hear!
@marathonbleu
@marathonbleu Жыл бұрын
Tailor Brands is a rip off SAVE YOUR MONEY!
@ElizabethPW
@ElizabethPW Жыл бұрын
Thanks for sharing your experience!
@Denis-zp2hp
@Denis-zp2hp Жыл бұрын
Why is that, Blu? You mean the price difference between the checkout options?
@charlesamador86
@charlesamador86 Жыл бұрын
@@Denis-zp2hp i did mine through Tailor Brands and Marathon is right. Not just price. Their whole structure sucks!! 1) they post a contact phone number that they never answer. And then they told me they dont have a phone number. 2) good luck getting a reply when u have a question. 3) they double charged me, then said my payment failed. I had to send them proof the money was taken from my account. 4) i paid $800 for them to expedite it (they promised 3 days), took nearly a month….. and the list goes on. I have all the emails and everything to prove it.
@Denis-zp2hp
@Denis-zp2hp Жыл бұрын
@@charlesamador86 thank you, that's helpful.
@lovelyrich54
@lovelyrich54 Жыл бұрын
@@charlesamador86 I went straight to the comments! Thank you for saving me money, time, and my sanity. 👌
@markg7852
@markg7852 4 ай бұрын
Thanks for a great video, really appreciate it.
@ElizabethPW
@ElizabethPW 3 ай бұрын
Glad it was helpful!
@g-ro3039
@g-ro3039 Жыл бұрын
Thank you for a very well spoken and thorough video! I have a question about "Annual Compliance". So I see that these services offer to take care of your Annual Compliance for your business for a fee which I understand is optional. Do you think this is something that is simple enough for us to take care of ourselves or is it necessary to just pay the annual fee and let the LLC service take care of it? Last Question: Are we able to use our Registered Agent address as our business's physical address or do we need to keep it separate and get a virtual business address as well? If a virtual address, should I purchase one right before I create my LLC and then apply it?
@ElizabethPW
@ElizabethPW Жыл бұрын
1 - it is simple but easy to forget. The main aspect of signing up for annual compliance is so you remember to do it (and know what to do). 2 - it depends on the registered agent -- each one has their own rules.
@alainruiz
@alainruiz Жыл бұрын
Very educational. Slower/less scrolling would help tremendously.
@ElizabethPW
@ElizabethPW Жыл бұрын
Glad you found it helpful -- yep I tend to be a bit fast, I'll try to slow it down :)
@davidoletep
@davidoletep 9 ай бұрын
Thank you for making this video
@JujuGurgel
@JujuGurgel Жыл бұрын
Awesome video, exactly what I needed.
@ElizabethPW
@ElizabethPW Жыл бұрын
Great to hear!
@DeeChiX
@DeeChiX Жыл бұрын
Loved this video very informative.
@ElizabethPW
@ElizabethPW Жыл бұрын
Glad you found it informative!
@hellayayis
@hellayayis Жыл бұрын
Thank you so much for this. I was looking into this and was looking into ZENBUSINESS but they don't provide a registered agent in their plan...its separate :-/ now I am looking into Northwest since I am a newbie at this process and makes me so nervous to get something wrong
@ElizabethPW
@ElizabethPW Жыл бұрын
Welcome! I almost included zenbusiness in this analysis too - but yes so important to see exactly what is included. Best of luck with it!
@dr.aasiyahghazi9168
@dr.aasiyahghazi9168 Жыл бұрын
Actually they do now and it’s part of their $199 and $299 package
@noelc2
@noelc2 Жыл бұрын
Thanks so much! ❤ You did a great job! I started using Legalzoom today & was so so confused by their pricing, whether I could be my own agent. I’m not usually intimidated by paperwork or doing things myself, but wanted to make sure I did things correctly! ❤
@ElizabethPW
@ElizabethPW Жыл бұрын
Great to hear that this helped!
@dawndrew8313
@dawndrew8313 Ай бұрын
Inkfile is now bizee probably going w them.
@charityrsimmons
@charityrsimmons Жыл бұрын
Thank you so much for sharing this information!
@ElizabethPW
@ElizabethPW Жыл бұрын
You are so welcome!
@hammer7422
@hammer7422 Жыл бұрын
Northwest came in at 385. Why does it say 245 in your chart at the end?
@ElizabethPW
@ElizabethPW Жыл бұрын
Yep I answered that in a few other comments too, just made a mistake in the chart
@ilearn5
@ilearn5 Жыл бұрын
Another great video! Thank you for your service.
@ElizabethPW
@ElizabethPW Жыл бұрын
Welcome!
@Jiminsboost
@Jiminsboost Жыл бұрын
Thank you so much for this video it was helpful and also I think I might do northwest.
@ElizabethPW
@ElizabethPW Жыл бұрын
Glad it was helpful!
@PhoenixlyIntentioned
@PhoenixlyIntentioned Жыл бұрын
After watching your video, this has def made my life much easier. I was attempting to do this on my own, and my brain was just phew* - So def looking into these companies for some peace of mind! - I do have a question or in need of advice! I am relocating states in about 2 or so months, Do you have a recommendation on if i should file in my current state, or future? I haven't launched as yet-only gotten supplies and materials so far for the business.
@ElizabethPW
@ElizabethPW Жыл бұрын
Hm if you are moving in the next 2-3 months, and you're not ready to launch anyway, I'd set it up for the new state. Also then you can set it up to be effective in January, so you don't have any awkward tax paperwork for the two months of this year.
@PhoenixlyIntentioned
@PhoenixlyIntentioned Жыл бұрын
@Elizabeth Potts Weinstein Thank you so much for your quick follow up! And that def makes sense!! Thank You!!🙏🏽❤️
@t.o.3820
@t.o.3820 Жыл бұрын
Very informative …Thank You for sharing
@ElizabethPW
@ElizabethPW Жыл бұрын
Welcome!
@edwardlacalifornia9634
@edwardlacalifornia9634 6 ай бұрын
Thank you Elizabeth
@ElizabethPW
@ElizabethPW 6 ай бұрын
welcome!
@taixchi
@taixchi Жыл бұрын
Thank you queen . a real detailed video .
@ElizabethPW
@ElizabethPW Жыл бұрын
Great to hear!
@grewal559
@grewal559 4 ай бұрын
Do you know you make best videos on KZbin. ❤
@JoudaniMaria
@JoudaniMaria 11 ай бұрын
Thank you for the video extremely useful.
@ElizabethPW
@ElizabethPW 11 ай бұрын
Glad it was useful!
@_stxntxn_
@_stxntxn_ Жыл бұрын
THANK YOU! This was super helpful
@ElizabethPW
@ElizabethPW Жыл бұрын
Glad it was helpful!
@rowenakillens
@rowenakillens Жыл бұрын
Hello Elizabeth! Thanks for all your help! I applied for my LLC and EIN via Northwest to start next year as you suggested, but unfortunately, they filed my start date incorrectly (Nov 2022) and are now recommending to dissolve the LLC (per the CA Sec of State), refile the LLC (at the expense of Northwest) and once that happens the EIN will transfer to the "new" LLC (with the same company name) ... does this sound right? I'm worried that 1) if I keep it as is, it will cost more money because I would have to file taxes this year and lose out on the first year $800 filing fee waiver...2) it would make it look like my company had no profit the first year....3) it would have a negative effect when clients look up my company....but if I refile, I'm worried the EIN won't transfer....and I have already submitted applications with the EIN for licenses, etc. I'm feeling extremely discouraged. Please help! Thank you so much for everything!
@ElizabethPW
@ElizabethPW Жыл бұрын
Sorry to hear that happened!! If the LLC can be dissolved within *15 days* of formation (and you didn't do business with it), then you don't need to file a tax return for it for this year (www.ftb.ca.gov/about-ftb/newsroom/tax-news/december-2019/what-is-the-15-day-rule.html ). As far as no profit, I don't think anyone would really know -- the business would then not exist for 2022 and 2023 would be year one. For the EIN, I'm not sure of what the actual IRS rule would be, but I know of people who have done that (dissolved and re-formed) and the IRS didn't have a problem with it as long as the taxes on profits were paid on time and stuff was filed on time as required.
@rowenakillens
@rowenakillens Жыл бұрын
@@ElizabethPW Thank you for replying. Unfortunately, the LLC was filed on 11/8, so I am past the window. My tax person recommended an interspecies transfer (are you familiar with this?), but I can't find any information about that anywhere, and if I go with my tax person he will charge me a large fee, yet Northwest is offering to dissolve and refile the LLC at no cost. Any thoughts on this? Thanks so much for all of your help!! You are truly a godsend ❤❤❤
@ElizabethPW
@ElizabethPW Жыл бұрын
Hm I am not sure what the tax person is meaning. Well if the LLC is dissolved now and you earned no income, you would just file a tax return with all zero's for 2022. One aspect to ask Northwest is to confirm the name of the LLC will be available (and not locked up as allocated to the old dissolved LLC), in time for them to refile.
@timdennis5853
@timdennis5853 3 ай бұрын
Good comparison.
@guahangarage
@guahangarage Жыл бұрын
Thank you for this! Great video!
@ElizabethPW
@ElizabethPW Жыл бұрын
Welcome!
@texme2
@texme2 Жыл бұрын
Hi, Towards the end of the vid for Northwest the total was $385. How did the comparing cost get to $245? And thank you for the blessing of this video!
@ElizabethPW
@ElizabethPW Жыл бұрын
Hm it looks like in one place I included the "certified copy fee" and in another place I did not. Good catch!
@dadjbig
@dadjbig Жыл бұрын
Thank you this was very helpful..
@ElizabethPW
@ElizabethPW Жыл бұрын
You're welcome!
@SkS13003
@SkS13003 3 ай бұрын
very helpful! but can you clarify: we can, ourselves, register our business online and get the EIN through the gov website for free, and file for the LLC ourselves right? but also: obtaining a business license is a whole separate thing? how much else is there?? i just want to start selling t shirts online already but there's soooo much legal stuff just to become official.
@ElizabethPW
@ElizabethPW 3 ай бұрын
You can do everything yourself, if you want, yes. This video goes into the various things to do kzbin.info/www/bejne/bKOpeZijhtaJibM
@charlesmagicien4330
@charlesmagicien4330 Жыл бұрын
Well explained. Thank you.
@ElizabethPW
@ElizabethPW Жыл бұрын
Welcome!
@mr.k5687
@mr.k5687 Жыл бұрын
appreciate you doing this!
@ElizabethPW
@ElizabethPW Жыл бұрын
welcome!
@AdmirePolk
@AdmirePolk Жыл бұрын
Hello, Im Still Watching Your Vid But So Far Its Very Informational, But personally Which Company do you think overall is best or which do you recommend ? Incfile Or Northwest
@ElizabethPW
@ElizabethPW Жыл бұрын
You probably already saw this (since it is near the end of the video) but yes of these four, I'd pick Northwest
@lownote2
@lownote2 Жыл бұрын
Well done! Thank you for the info
@ElizabethPW
@ElizabethPW Жыл бұрын
Welcome!
@benh225
@benh225 Жыл бұрын
Thank you for doing this 🙏
@ElizabethPW
@ElizabethPW Жыл бұрын
No problem 👍
@DrMetal1978
@DrMetal1978 2 ай бұрын
Have you looked at Inc File since they became 'Bizee' ? Any thoughts? (thank you, great videos)
@ElizabethPW
@ElizabethPW 2 ай бұрын
When I did my last review of them, they were already bizee - seems to be about the same, just a different name
@marlonhaynes3227
@marlonhaynes3227 4 ай бұрын
Thank you so much you are the best!!!!
@ElizabethPW
@ElizabethPW 3 ай бұрын
welcome!
@josephine_worships391
@josephine_worships391 Жыл бұрын
Thanks for the awesome video. I plan to run a Turo which is a car rental and leasing company and with your video I think I’m going with Northwest but my concern is I’m moving state in 4-5 months time and I want to file in my current state now. How will these work? Thanks
@ElizabethPW
@ElizabethPW Жыл бұрын
You can form the LLC in your current state and move it to the new state later. It is a bit of hassle and paperwork to move an LLC to a new state, but it is possible.
@scotstevig
@scotstevig Жыл бұрын
BIG thumbs up! Thank you
@ElizabethPW
@ElizabethPW Жыл бұрын
Welcome!
@claytonvail7540
@claytonvail7540 Жыл бұрын
Very helpful. Thank you
@ElizabethPW
@ElizabethPW Жыл бұрын
You're welcome
@willaribraheem4140
@willaribraheem4140 Жыл бұрын
TY! This was great content. Prior to this video, I think that Incfile has Everyone beat!
@ElizabethPW
@ElizabethPW Жыл бұрын
Great to hear!
@kinichahau3063
@kinichahau3063 11 ай бұрын
I ll go with Tailor Brands all the way! their customer service is way better than NW
@ElizabethPW
@ElizabethPW 11 ай бұрын
Glad you had a good experience!
@JacksMunuhe
@JacksMunuhe Жыл бұрын
Thank you for sharing!
@ElizabethPW
@ElizabethPW Жыл бұрын
Welcome!
@sandysavard8030
@sandysavard8030 Жыл бұрын
Thanks again!!! Last question I promise, thank you for sharing your knowledge!!! Have ever used legaldepot for an operating agreements or if you know of any websites that could offer this guidance to properly fill out or create these forms properly. From what I have read so far this is the most important part of the process. The others services like applying for ein take about 2 minutes and when you have that you can proceed to get a bank account...I think. I really want to accomplish this task my self, the best way possible. I would think that Incfile and others just have basics forms that you have to end up getting the information to fill out and then they are more of the processors?
@ElizabethPW
@ElizabethPW Жыл бұрын
That's a great question - I do plan to do a video in the future about how to create your Operating Agreement, and also videos reviewing the various create-your-agreement sites. LegalDepot does seem to be legit - the main issue is the same as with any document service -- it is DIY so you're not getting legal advice about it.
@sandysavard8030
@sandysavard8030 Жыл бұрын
@@ElizabethPW Thank you again for always taking the time to respond.It is greatly appreciated. I truly would get an attorney if was affordable, but in all reality its not for most people that are starting a business and don't have an established business already. After hours and many many videos here is what I have learned to form a sole proprietor LLc 1: Manager managed 2: No forced Distributions 3: Non-Pro Rata Distributions 4: No Charging language 5: Restrictions on transfers 6: Tax provisions inline with what LLC you want to run 7: No right to return of capital 8: Appointment of officers What I am really trying to find the definitions, for and these are worded in the in the operating agreement so that i can fill it out properly. Honestly Being a CA lawyer puts you in a place to make a lot of revenue just by creating forms that auto fill themselves. lawdepot kind of this but it really doesn't have senerion that people could understand in layman terms. The reason I am saying this is because you are one of the very few that actually answers ANY questions and truly helps people like you.. Just wanted you to know... Thanks Again
@user-dn4eb1vr7b
@user-dn4eb1vr7b Жыл бұрын
Eventually I think incfile is the best because good support service and a lot of information from another bloggers how to use it
@ElizabethPW
@ElizabethPW Жыл бұрын
Thanks for sharing that! Yes it seems they can be a good option.
@anonpls809
@anonpls809 Жыл бұрын
Thank you!
@ElizabethPW
@ElizabethPW Жыл бұрын
Welcome!
@user-wt9xm6xz6l
@user-wt9xm6xz6l Жыл бұрын
Which company you think would be the best option to obtain a virtual address. Getting an EIN is free but you have to have a business address since you can’t use a P.O. Box
@ElizabethPW
@ElizabethPW Жыл бұрын
I have used anytimemailbox to get a virtual address (they contract with various small mailbox service places)
@MPllll.
@MPllll. Жыл бұрын
I am so confused regarding a registered agent and a virtual office/mailbox. I thought that a business needing an LLC required one or the other, not both. Can you please clarify the purpose of each? For example, if I go with Northwest’s services, do I need to have a virtual office in addition to the services they provide, and do I have to get that separately? (I am registering in PA btw)
@dalesdonutclips
@dalesdonutclips Жыл бұрын
thx Liz
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