How to Create an LLC In 15 Minutes Online on Bizee (formerly Incfile)

I'll show you how easy it is to start an LLC on your own using the only service I use for my clients' LLCs and my own LLCs. With that said, if you create an LLC using my link, I may earn some much-appreciated coffee money (at no extra cost to you). Start here: bit.ly/IncFileForLLC. Thanks for supporting my channel (and coffee habit)!
*NOTE that Incfile was just rebranded as Bizee, but the formation process is the same!*
Before I show you how to set up an LLC, I quickly cover the advantages and disadvantages of a Limited Liability Company (LLC). You can skip to 5:00 mark if you want to go right to creating your limited liability company online on Bizee (formerly Incfile).
After you set up an LLC online with Bizee, I encourage you to watch the next video in this series which covers what steps to take after you create an LLC: • What To Do After Formi...
If you want a very high quality attorney-drafted Operating Agreement (and/or other contracts and forms), note that a related company of mine is offering them at a fraction of the price you'd pay an attorney. Go here to learn more (and receive a 10% discount): www.attorneydrafted.com.
If you want a free template Operating Agreement, I have a video walkthrough on how to create an Operating Agreement for free here: • Operating Agreement fo...
If you need a virtual office address so you can have a professional address outside your home, this company is in almost all states (and some other countries as well): bit.ly/AllianceVirtualOffices (affiliate)
If you aren't sure whether to create a limited liability company online or to form another entity, here is the link to my video which explains what entity is the best to form:
• LLC vs S-Corp vs C-Cor...
00:00 Introduction to How to Start an LLC
01:29 Advantage #1: Liability Protection
02:42 Advantage #2: Fewer Formalities
03:31 Advantage #3: Pass-Through Taxation
04:11 Disadvantage: Self-Employment Tax
04:23 Best Option: LLC Taxed as S Corp
05:16 Link for How to Form an LLC with Incfile
05:32 How to Create an LLC with IncFile
18:00 Preview of Next Video - What To Do After You Create LLC
If you are in California and prefer to hire an attorney to set up an LLC and/or to draft the Operating Agreement or other related documents, feel free to reach out to me at www.chrisjacksonlaw.com
Best regards,
Chris Jackson
//BIO//
Hi, I'm Chris Jackson. I have over 25 years of experience as a business attorney. I'm also an entrepreneur who has owned, managed and sold at a significant profit multiple franchise coffee houses. In addition, I have finance and operational experience as a Chief Operating Officer (COO) of a large company. I just started this channel in February of 2023 to share information which I hope you will find valuable.
//DISCLAIMER//
Disclaimer: Note that nothing in this video is intended to create an attorney-client relationship. This video and my channel are for general information and entertainment purposes only and should not be construed or relied upon as legal or tax advice (generally or specifically). You should not act or rely on any of the information contained herein without seeking professional legal advice.
#limitedliabilitycompany #llc #llc2023

[@cjlawvideos]

Form your LLC here: bit.ly/IncFileForLLC Thank you for watching, and let me know if you have any questions!

[@garlandmitchell6414]

Very helpful! I'm just approved for my LLC and looking to move forward. Blessings will follow

[@cjlawvideos]

That is great to hear, thanks! I'm glad it was helpful, and let me know if you have any questions as you move forward. Best regards, Chris

[@susanoh2744]

This is a great and thorough explanation of how to quickly set up an LLC online. Thank you.

[@cjlawvideos]

Thank you. I'm glad you found it helpful!

[@A.N.T.0.N.I.0]

Very helpful, the jokes were very funny. Keep it up. God bless. Hello from New Jersey.

[@cjlawvideos]

Thank you. Glad you found it helpful, and your comment is much appreciated! God bless you as well!

[@bigmoneycarlos8947]

Thanks for the info. Very helpful

[@cjlawvideos]

Thank you for the kind words and for watching my video! Note that I have some other videos which cover other states if applicable to you (Wyoming, Delaware and Florida currently ... with TX and NV coming up next). Thanks! Best regards, Chris

[@michaelfischer7356]

Thank you for this Chris!

[@cjlawvideos]

Hi Michael. You are welcome, and I'm happy it helped! If you need some tips on what to do after you form your LLC, here is a video on that: kzbin.info/www/bejne/h6eppod_aKiXmLM Thanks again, and let me know if you have any questions. Best regards, Chris

[@bettyboop027]

Amazing content, very informative.

[@cjlawvideos]

Glad you liked it, thank you! Best regards, Chris

[@juankyf5732]

Great video! Can you make videos on how to fund, take distributions and how to sign documents or apply for credit using the LLC?

[@cjlawvideos]

Hi: Thank you for the compliment. Yes, those are common questions and thus great video ideas. I will do it, thanks! Best regards, Chris

[@pamelacarbonelmartinez9628]

Hello! I'm opening my LLC on delaware, to offer back office services for brokers among others, but i don't know which NAICS I should use, since the option i've been trying keep asking for certificates to show i guess after the company is completed, can you help me with this?

[@cjlawvideos]

Hi. Thanks for watching my video and for your question. Note that, if you cannot find the applicable NAICS code, you can put in something similar or random. No worries. This code does not need to be precise as it is not later referenced anywhere in your formation or other documents. However, it may help Incfile/Bizee if you choose to pay them to determine whether you need a permit or license. With that said, I recommend you research that question on your own after your LLC is formed. If you ever need a NAICS code in the future (e.g., you are bidding on a government contract), then you can look it up at a later time. Hope that helps, thanks! Best regards, Chris

[@A.I.WarFare1947]

Thank you for the video! i have a question.. when you choose the manager managed option, why didn't they asked you for the name or info of the manager, I'm opening an LLC with my wife and she'll be the owner but I'll be making all the decisions since im the one with the experience in the business. We want to make it this way but i don't know what information will they be asking for me, I hope you can answer. Thank you very much 🙏🏻

[@cjlawvideos]

Hi. Thanks for the comment and question. I learned later that sometimes Incfile does not ask for the Manager (depending upon the state). Note that, depending upon the state, you can choose to be "Manager-Managed" by simply electing that in the Operating Agreement (an internal document which is not made public). With that said, I recommend you reach out to Incfile customer service to make sure that, if they must indicate in the Articles of Organization (publicly filed document) whether the LLC is Manager-Managed or Member-Managed, that they choose Manager-Managed. I hope this helps, and let me know how it goes (and which state you are in). If they already filed it as Member-Managed, you can always amend the Articles of Organization. Thank you. Best regards, Chris

[@A.I.WarFare1947]

@cjlawvideos Thank you very much for taking the time to answer, I just created my LLC in NYC and the process has been easier thanks to people like you sharing their knowledge. God Bless you and your family 🙏🏻

[@cjlawvideos]

@@A.I.WarFare1947 Thank you for your very kind words. I'm glad to hear that you formed your LLC and found the video helpful. God bless you and your family as well! Best regards, Chris

[@ayodejiadebayo7543]

Wow wow... This is just the right video i was looking for, you well explained everything to 100%. Kudos to you. I will need to contact you.

[@cjlawvideos]

Thank you so much for your kind words. I'm glad it was helpful! If you need additional help, feel free to reach out to me via my website: www.chrisjacksonlaw.com. Best regards, Chris

[@72capital53]

Thank you for your clear step by step ! A quick question I noticed you choose your personal address for the EIN address, Can a virtual physical address be used instead of my personal address if I am thinking to move next year? Is this more convenient also for privacy reasons to open an EIN using a registered agent virtual address provided by Bizee instead?

[@cjlawvideos]

Hi. Thanks for watching and for your question. Yes, you can use a virtual address (including Bizee’s virtual address) for the EIN address. Although it’s an internal document, you may have to provide your EIN document to a bank or sometimes to vendors or customers. I therefore recommended a virtual office on the EIN if anonymity is important in this context. Hope this helps! Best regards, Chris

[@72capital53]

@@cjlawvideos Jack thank you for your video, you convince me to use bizee Gold upgrade that includes operation agreement. I wonder if I will receive the EIN certificate, operation agreement and the articles of incorporation as a pdif download after it gets filed

[@cjlawvideos]

@@72capital53 Hi. Yes, you should receive the EIN within 1 business day (unless you are a non-resident, as that takes longer). You will have access to the Operating Agreement immediately after you pay the fees. And, you will receive a PDF of the file-stamped Articles of Organization as soon as they have been accepted by the State (which depends upon the State and whether you chose the expedited or regular filing time). Best regards, Chris

[@headlibrarian1996]

Who does IncFile designate as the Organizer in the Articles of Organization that they file? You, the purchaser of their service?

[@cjlawvideos]

Hi. Thanks for watching the video and for your question. I can't speak for every state, but in WY (for example) they designate themselves as the Organizer. I believe that is their default approach, but you should check with their customer service to be sure. Please let me know how it goes. If you are concerned about anonymity, I recommend 3 states for an LLC here: kzbin.info/www/bejne/h5LKaqmio9Vmapo. If you choose WY or DE, I have videos for those states as well. Let me know what happens if you could, thank you! -- Best regards, Chris

[@Arodbp1002]

Good afternoon, I've watched multiple videos, and definitely love them. I have a question that has been hard for me to obtain. If you can provide the answer here, great or if we can set up a paid phone consultation that can work for me as well. I want to start a trucking business with a Texas LLC taxed as an S Corp, but i also want a Wyoming LLC to be the parent company or manage the Texas LLC. Is that even possible? How can the LLCs be structured?

[@cjlawvideos]

Hi. Thanks for your kind words and for your question. I cannot give you specific advice without being retained, but I'll share some general principles. It's a good question, as an S Corp (in your case, TX LLC taxed as an S Corp) cannot usually have an entity as the member. However, if the entity is a single member LLC (e.g., a WY LLC owned by you), then you can have the WY LLC as the member/owner of the TX LLC taxed as an S Corp. You can have either the WY LLC as the Manager, or you can be the Manager of the TX LLC. For how to form an LLC in WY (which I would do first so you can name it as the member of the TX LLC), here is a video on how to do it yourself: kzbin.info/www/bejne/kJ2QdKuBbLFpfsk. For how to set up the TX LLC, here is that video: kzbin.info/www/bejne/f3WadpuFbq-WeZI. Hope that helps, and best of luck to you and your trucking business! Best regards, Chris

[@Arodbp1002]

That helps a lot. Once both LLC's are created, WY single member and TX taxed as S Corp, does WY get paid like an employee? Is it a smart choice for TX run operations, but the assets like the semi-trucks owned by WY? Or should everything be run as TX? I know you are out of California, but if a retainer is easier to answer some of these questions, I am more than open to doing so. I want to make sure I do things right the first time. I have tried locally in Texas, but with the busy tax season, it's been impossible for me to get local advice.

[@cjlawvideos]

@@Arodbp1002 Hi. Unfortunately, I'm not taking clients outside of CA at this time. I can refer you to a CPA that I use if you like though for your tax issues. Let me know through my website (www.chrisjacksonlaw.com). With that said, the bottom line is that he WY company does nothing other than hold the membership interest in the TX entity. It provides an extra layer of protection for you as the owner of the WY LLC. You would use the TX LLC as the operating entity, operating the trucks, paying employees, etc. The WY LLC would simply be a holding company that receives profit distributions (if applicable) and makes capital contributions (as needed) in the TX LLC. Note that a related company of mine has a "Next Steps Guide" which covers some important post-formation questions/steps, and it will be available for purchase soon at www.attorneydrafted.com. Hope that helps! Best regards, Chris.

[@Arodbp1002]

@cjlawvideos Thank you. I will definitely check out that website. It was great talking to you.

[@raeesahmadkhan6862]

Can I open a LLC in USA to offer freelance IT and web development services in California as a resident of Pakistan. And how quickly It will be opened. Can I come to USA for visits If I open LLC there? Thanks In Advance.

[@cjlawvideos]

Hi. While I cannot give you specific legal advice unless I am your attorney, I can tell you generally speaking that yes, a foreigner can own an LLC in California. In California the wait time to set up the LLC varies, but when I did the video it was 8 business days if you paid an extra $50 or 4 weeks for the standard filing. Here is the link to the Incfile service I recommended (and be sure to follow along with the video you just watched): bit.ly/IncFileForLLC Note that there will be some tax withholding requirements on the LLC as to income tax owed by you in the USA. Regarding travel to the USA, you should speak to an immigration attorney in Pakistan as to your visa question, but having a business in the USA would certainly be a good reason to request a visa. Let me know if you have any other questions. Thank you!

[@raeesahmadkhan6862]

@@cjlawvideos Thanks for replying. I know I have to hire you and get benefits from your knowledge and services. But can you tell me how much It will cost to open an LLC for a foreigner? Per year expense. And your charges, of course.

[@cjlawvideos]

@@raeesahmadkhan6862 Hi. You can email me at [e-mail]. Thanks!

[@psehorne]

What would be different if I am creating a LLC owned by my SDIRA (other than that the single member would be the IRA and I would be the manager)? I did not see any provision for that on those screens. Is this handled in the Articles of Organization (or Operating Agreement)?

[@cjlawvideos]

Hi Paul. Good question (and thanks for watching my video). When you get to the section where you enter the Member, for self-directed IRAs (and trusts) I recommend you choose "Company" and just write the name of the IRA where it says "Company Name." And yes, I agree that you (the individual) should be the Manager of the Manager-Managed LLC. You will also cover the identity of the Member in the Operating Agreement (and perhaps in the Articles of Organization, depending upon your state). Let me know if you have other questions. Thanks! Best regards, Chris

[@shinningstar3360]

After payment LLC is ready or another process if registeration

[@cjlawvideos]

Hi. After you pay, Incfile will file your Articles of Organization in your state. You will receive confirmation of the formation/registration in your state after a certain period of time (depending whether you chose regular or expedited filing). At that point, your LLC is officially formed/registered in your state. Let me know if you have other questions, thanks! Best regards, Chris

[@MindStrokeTV]

Hello Chris. The Gold package you chose includes an Operating Agreement, however, I didn’t see a creation step for it as you were going through the order flow. What exactly is Incfile offering regarding the Operating Agreement? Do I have to upload my own, created in Law Depot? Is there a setup wizard within Incfile similar to LDepot? Or is it just a blank template/form within Incfile that I have to fill out on my own? ~Thank you

[@cjlawvideos]

Hi. The Operating Agreement from Incfile is created generically and automatically. You can download it in Word or PDF once you complete the order. However, the LawDepot Operating Agreement is in my opinion better than the generic version you get from Incfile. No need to upload the LawDepot Operating Agreement into Incfile. You can just save it on your computer or print it out and keep it safe. The bottom line is that I believe Incfile is a great service for forming your LLC, but if you want more than a simple generic Operating Agreement, LawDepot will provide a better Operating Agreement than Incfile. Let me know if you have any other questions, thank you!

[@MindStrokeTV]

@@cjlawvideos So if I want to use the Law Depot (OA) instead, I wont be able to include it as part of my Incfile order since Incfile version is created generically then automatically submitted to the state? I guess this means I’m going to have to submit an [Amendment to Articles of Incorporation] to the Secretary of State in (CA) after the fact to make the LawDepot version the official document correct? Btw, my thought process/goal is to include additional provisions to protect myself/company by addressing: ~No Forced Distributions. ~ProRata Distributions. ~Include No Charging Order language. ~Restrictions on member interest transfers. ~No right to return of Capital provision. ~ Officer appointment provision. ~ Thank you Chris!

[@cjlawvideos]

@@MindStrokeTV Hi. Incfile will file your Articles of Organization in the State of California, but you do not need to file your Operating Agreement anywhere. That is an internal document which may be requested by a bank but not by the State of CA. You can just ignore the Incfile generic Operating Agreement and use the LawDepot one instead. Also, depending upon your tolerance for liability and some additional fees, you may want to have your CA LLC owned by a WY LLC (and you own the WY LLC). I'm making a video about that now. If you have any questions, feel free to send an inquiry through my website www.chrisjacksonlaw.com. Thanks! Hope that makes sense! Best of luck to you!

[@MindStrokeTV]

@@cjlawvideos Got it! Thank you for that clarification! I thought the Operation Agreement was being submitted to the state as well. Wasn’t aware it was only an internal document. I will be using your affiliate link to both services right now. I am grateful for your help! I’m sure this thread will help clarify things for others as well.

[@cjlawvideos]

@@MindStrokeTV Thank you, and much appreciated!