How to form an LLC? | Webinar with Matt Horwitz of LLC University®

[@orie1504]

You and your team, so appreciated!

[@llcuniversity]

Thanks so much! You're very welcome Orie :)

[@myallmart]

KEEP IT UP!!!!! GREAT WORK, NOT PUSHY FOR A PRODUCT SALE AND HELPFUL INFORMATION, YOU ARE ROCKING, GOD BLESS YOU! We need more people like you for clear,easy and helpinng hand.

[@llcuniversity]

Thanks so much! Appreciate the kind words :-)

[@racquelmarshall2928]

I AM SOOOO HAPPY I found your Link and KZbin Channel. Even though I was familiar with what to do, your resources helped me MORE THAN I COULD EXPLAIN. I AM so excited, I WILL BE sharing your site with others. Thank you sooo much for producing such a top-notch product/service where the information is PRICELESS and it's FUN too (not boring) :-D. Thanks again Matt and HAPPY & BLESSED 2022!! Whoooo Hooooo!! :-)

[@llcuniversity]

You are SOOOO kind Racquel!! Thanks so much!! So lovely to hear. And so glad we could help :)

[@racquelmarshall2928]

@@llcuniversity You're welcomed Matt & Fab Staff :-)....Blessings and more Blessings :-)

[@llcuniversity]

@@racquelmarshall2928 Thank you so much Racquel!!

[@kekeholiday5872]

This was AWESOME!!!!!!!!!!!!!!!!!!!!!! Thank you so much!

[@llcuniversity]

Thanks Keke!!! You're super welcome :)

[@juliabraut267]

Thank you so much! Such a great and informative video!

[@llcuniversity]

You're very welcome Julia! Thank you!

[@wattsobx]

good stuff!

[@llcuniversity]

Thank you!

[@fredrickfoster5789]

Hi Matt- I 'm forming a opening a LLC in my home state for my real estate investment company, but now I'm confused because you mentioned that you should form a real estate LLC in the state where you plan to do business. I plan to do business in more than one state though? Finally, really like LLC U !

[@llcuniversity]

Hi Fredrick, how many properties approximately will you buy? Do you want them all owned by the same LLC? Will you be using financing?

[@fredrickfoster5789]

Hi Matt- Since reaching out, I've done some additional and have come up with a strategy for opening my real estate based LLC. I start by opening a Manager managed LLC in Wyoming and then subsequent Member managed LLC in the states that I acquire property in. I 'm curious to see what you think?@@llcuniversity

[@llcuniversity]

Hey Fredrick, you beat me to it. That's why I asked about the number of properties. Yes, that is a common setup. It's administratively more easy to make all the child LLCs Manager-managed by you. Signing for things is much easier this way. Otherwise, the signature blocks for Member-managed LLCs (where the LLC is managed by another entity) get longer... and it can sometimes get confusing. Hope that helps.

[@montero7980]

This video is really useful 👍👍👍 Could you please suggest a video of how to fill W-7 form for non-resident to get an ITIN? Thank you so much dear Matt!

[@llcuniversity]

Hi Kar, you only need an ITIN if you have a US tax filing responsibility. You might not (best to check with an accountant). You may find these pages helpful: www.llcuniversity.com/irs/how-to-apply-for-ein-without-ssn/ www.llcuniversity.com/irs/form-5472-foreign-owned-llc/ www.llcuniversity.com/foreigners/open-us-bank-account-llc-non-resident/ www.llcuniversity.com/irs/how-to-apply-for-an-itin/

[@akindia8519]

Hey ! Thanks for such a great value. I'm a Non-US resident. Which state would be the best for formation of LLC for Non- Us resident like me ? Also, Can I put my home address (located outside US) in office and mail adress column? I'd really love to have your recommendations.

[@llcuniversity]

Hi Devang, you can pick any state you'd like (if you're not doing business in the USA). There really isn't a "best state" for non-US residents (even though many websites make you think that). Check out Ohio if you want a simple, affordable state. When you ask about the office and mail address column, what form are you talking about (and for what state)?

[@akindia8519]

@@llcuniversity let's assume the state to be Wyoming.. while applying for LLC, there is column which ask for Principal address.. so if I put my home's adress there(not located in US), would it be okay?

[@llcuniversity]

@@akindia8519 - Okay, for Wyoming, the Principal address and mailing address can be outside the USA. The address that needs to be inside the USA is the Registered Agent address: www.llcuniversity.com/wyoming-llc/registered-agent/

[@akindia8519]

@@llcuniversity thanks a lot🙏

[@zubairshabir4658]

​@@llcuniversity hi matt, Thank you very much for such a incredible thing to share with us. I wanna ask 1 thing I just wanna change my registered agent address, what I should I do? ❤

[@RetroSoundsSpill8]

Ignore My pictures im more beautiful in the real life Thanks LLC University is helpful to found straightforward Information now I have better understanding how to form LLC , so many another website trying to confuse you and sale something I just found that EIN Nr is completely for free , not $90 as some of them trying to convince you to buy , thanks again is very helpful

[@llcuniversity]

You're very welcome! So glad we could help make things simpler :) And yes, EINs are free!

[@zubairshabir4658]

​​@LLC University hi matt, Thank you very much for such a incredible thing to share with us. I wanna ask 1 thing I just wanna change my registered agent address, what should I do? ❤

[@llcuniversity]

You're very welcome! I just replied to that in your other comment.

[@akindia8519]

Hi. While forming the LLC, the Wyoming state asks for the Name and adress of the Organizer, should I put my own home adress (outside US) in the adress field or should I put the US virtual adress that I purchased??? Thanks

[@llcuniversity]

Hi Devang, for the Organizer address, use the US address. Hope that helps.

[@melhoresprodutos8899]

Hi MATT! . I am a resident outside the US and like your opinion for best LLC formation in this 3 states (ARIZONA, MISSOURI or New Mexico) if I like the business for sale on Amazon, Affiliates and mainly company focused on investments in tax guarantee and tax deed .... I think I need the registered agent if I understand that Northwest does this and the annual fee (u 125) includes a physical address for the LLC to receive correspondence for 1 year and also serves as a physical address address of my LLC business in the US, right? The bank account is free and open with Mercury bank, okay? If I choose to do the EIN on my own, my initial expense to open an LLC and have a bank account would be around U 220 to do the opening of the LLC, right?(LLC + MERCURY + Registered Agent).... Other than that I will have to pay an accountant to account to the IRS, this expense would be how much approximately per month for a small business with little movement? Thank you for your time and sorry for the endless questions. 🙄 😳

[@llcuniversity]

Hey! Yes, you understand all that correctly. Accountants usually charge per year (although some may do monthly). It ranges. It could be $500 per year up to ~$2,000 per year. It depends on the complexity of the business and its filing requirements.

[@melhoresprodutos8899]

@@llcuniversity Thank you

[@llcuniversity]

@@melhoresprodutos8899 You're welcome.

[@mariazulfiqar3013]

Can Pakistani nationals go fo for LLC living in Pakistan ??

[@llcuniversity]

Yes, any non-US resident can form an LLC in the US. However, if they come from an OFAC restricted country, they won't be able to open a business bank account in the US.