How to Legally Start a Business - 8 Steps

[@jimhart]

Thank you for watching! If you are interested in getting started with your LLC, here is a link to my preferred vendor: hawthornlaw.net/incorporate (affiliate)

[@coolaverage2017]

I have a question my friends and I, so total of 5 owners or members are starting a handyman service venture. Would this 8 step process be the same with minor tweaks? Each member handles a specific aspect of the financials and marketing.

[@paw45]

I am tired of making Shell Oil company money off of my hard work. Almost all companies are copy cats. They take someones else's idea and run with it and become a competitor. If I could at least earn 50% more than I am earning now That would be a win for me. I'm not a lazy man. Success requires ambition, I know I can succeed at anything I do.

[@Douglas_Props]

@jimhart At which step should you be contacting license holders to license out their IPs?

[@imagin.e.ternity]

1, come up with a name 2, open business bank account 3, incorporate your business 4, licensing 5, contracts 6, insurance 7, build your team 8, profit.....

[@lovelyshawdowz7972]

What happens of you are young or under 18

[@imagin.e.ternity]

@@lovelyshawdowz7972 do it anyway.

[@TheRumpelstinskin]

@@imagin.e.ternity lol

[@ChrisJProductionz]

@@lovelyshawdowz7972 you can still do it

[@oumoutounkara107]

@@theaidadmin LOL

[@wavyboity5724]

I pray who ever reads this become successful and accomplish all of their dreams and goals throughout life🥰

[@teeteeree3540]

Thank you! I wish all the same for you

[@fcracist2908]

U too bro!

[@rainmanj9978]

Thank you you too 👍i have soo many goals thats my problem im greedy😔

[@jay-feb9366]

Amen🙏🏾

[@kannitaclark1859]

amen

[@globalnews4975]

1. Check If Name Is Available 2:25 - 3:31 2. Register Name 3:31 - 4:28 3. Open Business Bank Account 3:31 - 5:30 4. Incorporate Your Businesses 5:30 - 6:01 5. Check If You Need Special Business License. 6:01 - 7:06 6. Create Different Types Of Contracts 7:06 - 7:53 7. Get Insurance 7:53 - 9:18 8. Hire People To Help Stay Professional 9:13 - 10:08

[@billvalley]

Thank you!

[@globalnews4975]

@@billvalley You Welcome

[@alanllanas9899]

Not all heroes wear capes

[@melanieaguirre2512]

Thank youuu!!!!

[@ChaosIsHere]

how do you register a name?

[@CallMeMrB]

I'm watching this at my 9 to 5 and I don't want to be here.

[@anikanicole4350]

Ma

[@denn4367]

You only live once everyone needs to thing about how to earn passive income while at their regular job.

[@mistymarley9782]

Get your business going!!

[@AidanAlbano]

Same.

[@OutdoorBlues]

@@denn4367 passive income isn’t a thing.

[@chrissmith7364]

Thanks for all the free information and good advice, I really appreciate it.

[@garyford192]

⁰0

[@indiabrown5510]

You got a heart

[@andydougy4347]

Thanks got laid off today and going to use the opportunity to work for myself. Good luck to everyone following their own dreams!!!

[@brysontheghostgaming9218]

I also got fired today how’s things going for you

[@andydougy4347]

@@brysontheghostgaming9218 found another gig working for a university here in my city. Was out for a couple of months. Took a really nice road trip to a bunch of national parks solo but there were some tough moments. Just be persistent and lean on your relationships and things will get better. Good luck to you.

[@diandrawright9357]

I’m at my 9-5 job watching this with a brilliant business idea in my head.

[@raptor1272]

Same. I have such a good idea I want to pursue

[@human5254]

@@raptor1272 Don't dreams be dreams.

[@juliai3956]

Rooting for you!

[@edmundkingham5781]

What's the idea?

[@carlosmartinez-lm5iq]

Dreams are just dreams unless acted upon

[@evanwattles4357]

You sir are a great guy for making this information available and digestible for a beginner like myself. Since I was honorably discharged from the Marines in 2012 as a Sergent I've been working for companies in the construction field and been making them rich and when I started to make something for myself I got sabotaged, and misguided so I could keep running their business And now I've stumbled across your channel and I'm hopeful for the first time that starting my own business is now going to be my biggest challenge since Afghanistan and I cannot failure. So thank you once again for starting me off .

[@Snailmailtrucker]

Thank you for your service to OUR Country Evan !

[@llIMatt]

How’s it going?

[@fuqutube]

cringe.. nobody cares

[@yoshilljuae4613]

Thank you so bleeping much. When I search steps for starting a business, I view adds that want to sell me services I know I don't need when beginning a tiny business.

[@alexeldemar3625]

4 years later. 1 minute in and everything is music to my ears. I greatly appreciate your advice and will for sure be watching more of your videos

[@micahsmith774]

You just got a sub. Actual relevant information to people trying to start a business.

[@BayMacDre415]

agreed 100%. All the other stuff I can seem to find is just how to be a better salesman or how to find confidence in oneself. Like THAT helps!

[@agnesagyiri3078]

I'm starting my own business at 11 thx this helped a lot

[@sythe3858]

Good luck!

[@NitroFlux07]

I’m trying to start one too. I’m turning my perler bead hobby into a business. Good luck on yours. 👍🙂

[@meowdarling95]

no way wish I knew back then lol cool

[@iReqenYT]

@@meowdarling95 when will you know to not reply to a 10 months (inactive for 7 months) comment?????????????

[@ASMRyouVEGANyet]

11 o'clock or 11 years old

[@BayMacDre415]

One of the best videos I've found on the matter. Most of the stuff you find about "how to start a business" is just motivational junk and generalizations... what I needed was "How do I report my earnings at the end of the year, who do the purchase orders get paid to, where do I register a business entity within my state?" These were all questions answered or touched upon in the video. Thanks a ton, subscribed +1... and at least 5 views per vid, +1 like on all!

[@AnitaBonita46]

Starting a Virtual Assistant business at home in Florida. Office Admin and Legal Assistant for more then 25 years. This is GREAT information TY👍

[@Cookiemanscity]

Great video I’m a high school drop out Ex con. I’m been running a business for 4yrs. I just been running. It’s starting to get out of hand in desperate need of help. Got to get the legal stuff done first. Thanks👊🏼

[@ChaosIsHere]

how do you register a name?

[@diinferi7485]

@@ChaosIsHere Why did you ask everyone that? He literally said it depends on where you are at in the process and your state. If you are just starting out, you'd want to file an intent-to-use. From there, you will need register that name with your state once you are ready to ingest work to make money through your business. This goes into the required licensures, etc. needed to proceed to the next steps in the process. Where I am, in order to establish a LLC you have to submit a Certificate of Formation, etc. A quick Google search for that state's requirements for registering a name and officially starting your business is easy to find.

[@AngelaTaylor-h7m]

I am so pleased that you are not boring and that you are funny because it makes it easy to learn I wish you had a law firm in GA

[@jimhart]

We work with business clients nationwide!

[@TheFreedomStrategy]

I love that you mention going to the Sec of State page! So many people fail to do this and it bites them in the butt! Lots of great info here!

[@ASMRyouVEGANyet]

But he didn't tell us how to find it

[@thelasttaco8386]

Yo this was very helpful, I am about to start/thinking about a painting company here in NC and I thought it would be simple but the more I dig into it. The more stuff i uncover that i need to do its overwhelming

[@AndresTheDesigner]

Love your content! Quick question though...Can I personally loan money to my LLC (since they're separate entities)? This is so I can pay myself back (tax-free) once the business makes some revenue.

[@jessicarenee7859]

Thank you! I've always wanted to start a small business, just didn't know how to go about it.

[@GrantFoxOfficial]

very good stuff. Im trying to start my own instructing firearms. Thanks

[@ReadyorNah]

Good luck!

[@thejoxter6315]

Can kids 4+ participate? If not then my kids not driving to your class

[@aziath7151]

@@thejoxter6315 bro who gives a fuck if your kids can participate or not

[@BadForYourKidneys]

@@aziath7151 💀💀

[@bobbyhurley4869]

U got have liscence or something firearms

[@libert11347]

Wow! I’m glad I picked your video over the one that had the fancy thumbnail! I’ve watched so many videos on this subject and this is the best one!

[@jimhart]

Glad it was helpful!

[@jysikahill5803]

I'm gonna be on your channel for a while. The legal part has been the most confusing to understand and you explain so well. Thanks!

[@DOCM-yw3od]

7 years from now im going to be glad i saw this vid......TYVM....

[@wnter2341]

I’m in 5th grade and I want to begin my future and this helped

[@ThePurpleBallad]

wnter lol I’m in 6th and I’m making a business to sell clothing so I understand you 😂

[@xandracastro3104]

Dang I thought I was the only kid thinking about their future I’m in 6th grade

[@wnter2341]

Dam there are a ton of kids who want to start a buisness

[@xandracastro3104]

Lol

[@trino5184]

wnter me to I’m 5

[@christinemohamed4034]

Thank you. This was so helpful. Better than other videos I have watched.

[@jimhart]

Thank you for your kind words!

[@christinemohamed4034]

@@jimhart thank you for making the process less scary!!!

[@alexbrown4040]

Thanks this was one of the most helpful videos with the most direct answers to my questions I had about starting a business the right way

[@jimhart]

Great to hear! You are very welcome!

[@flores4725]

For those starting a business can you please explain deeper on how to get payroll, workers comp and all of that, pay taxes what to claim for deductions. It's so confusing. I' appreciate it. I just subscribed ☺️

[@jimhart]

hawthornlaw.net/payroll - they will take care of it all (affiliate link)

[@Axel.Woodward]

This was a video i needed; amazing at explaining. You gave me some structure as i feel lost with starting a home based business. Thank you so much!

[@jimhart]

Glad it was helpful!

[@YummyBitesTV]

This is great information thank you so much!!

[@arneophyte3672]

SUPER HELPFUL. I mean this sincerely, I came out of this with new questions I didn't anticipate. I'll continue watching

[@2GunWick]

JIM! You Are THE MAN Quick Question!!! For What Reason would you tell The Bank your opening a sole proprietorship ?

[@jessicagordon8677]

So you don't need to provide your business tax ID. You can start the account with your social.

[@matt7869]

@Austin Sauter stfu

[@alosaily1]

Thank you Mr. Hart. You are amazing.

[@ExtremelyRadiant]

Thank you! I have my LLC, but I am trying to decide if I need a Business Plan or not. This was very helpful, especially, about checking with my State and City regulations for my new home based business. :)

[@CatSauceEntertainment]

Damn now I gotta start over and postpone my launch. Thank you

[@cplisi]

Great video, Jim! I am using this information to start my business!

[@jimhart]

Glad it was helpful!

[@kyrasmith5554]

I only counted 7. Name, Bank Account, Incorporate, License, Contracts, Insurance, Team. What did I miss?

[@gunnaryoung]

The coffee machine?

[@urukhai5729]

Step 8:think things through Step 9: dont buy coffe, youll need cocain

[@Blackmankornerbrand]

#8 Start!

[@MannyOGK]

Yep same here

[@EmeraldkeyMusic]

Taxes?

[@ekolsnd6871]

Ive been going through each video carefully for about a month now thanks man

[@cheyennereynoso4116]

Great video! I’ll be doing work in the NC / TN border area when I finally start my roofing company. Great advice; it should pertain to my own business quite well. Thanks!

[@MexLatinFoodplusArtConsultant]

Watching it over and over

[@adiemuller9486]

Thank you for the video! This is very helpful and I'm feeling more inspired and a little less overwhelmed! :)

[@douglasblackwood2280]

Best free content ever.

[@JassarDev]

The music! It HURTS!! Thanks for the info though

[@tiffanylauraphoto]

Your channel is what I’ve been looking for for MONTHS thank you

[@mackenziewillard9273]

I've watched your video over and over and each time it's like I catch something new. I plan to start a virtual paralegal business and I can't thank you enough in helping me get one step closer to reaching my goal.

[@geoffreyk6229]

Great guy inspiring others. Gotta come back to this...

[@zer0coolninja887]

This guy is straight 🔥🔥🔥

[@edgarrodriguez5913]

I'm trying to start my own company and I'm glad I watched this video because I didn't have any idea how to start my company thanks b much

[@vondarichardson865]

Thank you so much, I really appreciate. I have a product I believe it, but the legal aspects of this has me biting my nails.

[@jonellkoroyan]

Great info, thank you so much. I don’t think you need the music in the background while you are taking. I found it a little hard to hear at times. I am 55 😂

[@jessicaperez5980]

I appreciate you! Thank you for creating this channel!!! 😁

[@Queenstarfirewolf]

Thank you for the knowledge and the tips that you have given me and thank you for your channel many blessings today. Thank you again.

[@sherriejordan8595]

Thank you for this informative video but this left me feeling overwhelmed. I only had considered the creative side of starting my business so I wanted to get an outline of the business side. This sounds like it comes down to money makes money. Fortunately with so much information out there today I believe that there are ways to start with almost nothing and build.

[@CraftySheenaa]

Very informative. Thanks

[@tandoorchats]

Thank you for doing all this for us.... very informative

[@z.static887]

Michael Jackson is a legend

[@MyChannel-911]

Amazing advise. Thank you so much🙏🏼

[@jimhart]

You are so welcome!

[@kimberlygiles7525]

Hello, I wanted to ask you a question. Do you need a zoning permit to sell homemade products online from home? I don’t see anyone mentioning they have one, so I would really like to know. Thank you!

[@adamplummer2190]

I think this is location specific and would consult a local lawyer. I rent a condo and the association allows me to work from home, but can't use my home as a business. The big tip is if you have anyone over or if you have packages in/out constantly. If you use an off-site storage and drop your packages off, no one would know anyways.

[@kimberlygiles7525]

@@adamplummer2190 Thank you very much for your response, that is very helpful! 👍🏽

[@MisterTDiSalvo187]

Informative.. Direct and to the point. No fluff. Great video

[@Justjkeys]

I’m in 7th grade tryna start a business for when I get older I plan to be wealthy but I suck in school so I need a way where I won’t have to go to school or don’t have to be smart in school but smart in the head so ima try to start a business and be rich 👍

[@elonipuppy524]

please no,

[@Justjkeys]

eloni puppy wym I need to get the hell outta school

[@pizzapizza2225]

Read a lot of books, time is your current ally but not your comfort. I recommend starting with “rich dad poor kid” and going from there

[@PossibleTango]

You'll want to discipline yourself. Do all your school work as one means of becoming disciplined. You have no reason to be wanting to get out of school. With a business you'll be having to do tons of things that you won't want to do. Practice before you start.

[@jimhart]

You are in 7th grade and have your whole life to start a business. Work hard, do your schoolwork, and prepare yourself for after you graduate.

[@truckingtrapperuniversitya4989]

This guy is the best he is honest and straight to the point

[@warriorkelly]

I really love all your vids... one gripe though Haha you always say that you're going to post links to other videos you've made in the below. But They are never there!

[@jimhart]

Thanks for that comment - I changed some descriptions after the fact and this is an older video. I’ll try to be conscious of that going forward!

[@warriorkelly]

@@jimhart hey no worries! I appreciate you!

[@bigbeamessage]

Im here watching you yes

[@onlyquedior]

This is really good ❤️ I love the advice thank you soooo much!! I appreciate ❤️

[@meganp8766]

Thank you very much for sharing! Valuable information!

[@zaycation8584]

I'm tired of working for people, I have over 20,000 saved up, is that enough to begin a business?

[@jessicagordon8677]

Depends on the business, but yes. That is enough to start.

[@adminmobile6975]

Get off of that 9-5

[@Jo-ke6pj]

You can get a business loan

[@edwardjames5156]

Vending machine is really a good investment to make. People who are novice entrepreneur are investing on vending machines as they are profitable and they do not require too much of maintenance

[@zaycation8584]

@@edwardjames5156i was thinking about buying a few atm machines

[@alicialabbe6094]

Thanks so much for this video - what is the video for Contract information?

[@jt7559]

I knew I was going to like you when you added the piece about buying a Keurig on black Friday! =)

[@elsonmartinez4025]

Thank you. I am blessed to have watched your video. I am hoping to learn how to start a business properly, legally and honestly! I liked and subscribed I hope you are the kind of person who Wants to see others flourish like a parent to their child kind of hope!

[@balex556]

well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services

[@dustinperdue1830]

As soon as I saw "Jab Jab Jab, right hook" on the shelf, I thought, "okay, I can trust this guy". Lol

[@shayshaygullison2170]

Lol

[@1016McKean]

Thank you

[@michaelwayne7157]

straight and to the point. very good info

[@jimhart]

Glad you found it helpful!

[@Jmunn4z]

I like you sir! Great vid, and lots of encouragement. 👌🏽

[@jimhart]

I appreciate that!

[@mauricewilliams1216]

This is must know information!!!!!! Thank you 🙏

[@jimhart]

You are very welcome Maurice!

[@monicahawthorne-rogers9177]

Thank you so much for this!! I subbed.

[@ashleymcintosh1634]

Picking a name doesn’t sound stupid. And I love your personality you’re awesome

[@jimhart]

Thank you!

[@waakkeuppp]

Do I need business insurance if I’m a freelance graphic designer who works from home?

[@jenniferlorentz5602]

This is the first video I’ve watched but it seems like it’s very helpful but the background music is very distracting an kinda loud at some points idk if that’s just on mine but just thought I’d put that out there. I can’t wait to check out your other videos

[@terrancemell773]

First great job on all the videos. Secondly are there tax implications for using your Social Security to start your business bank account

[@jimhart]

I'm not sure what you mean. You would still have to pay tax on your social security. But it is deposited, you can do whatever you want with it.

[@braedondavies9592]

Thanks for the info. Great summary!

[@mrrobinson4852]

Thanks for the info! What about multiple businesses? Does it fall under the same LLC

[@jimhart]

That depends on how you set it up. It’s possible.

[@mymoonieyoutube6902]

Thank you very much for this helpful information

[@jimhart]

Glad it was helpful!

[@katieodom3540]

I am just starting out with the entire business start up. I have the name i really want to use and, my question is should I go ahead and register as an agent even though I have not secured the location of the business yet? Should I just use my home address for now and then change it once I have established the location of where the business will operate? Thanks for all your great insight!

[@jackhill8089]

what did you end up doing?

[@Dragonsbrath]

Really appreciate the information. Lots to do just to get a start but I'm going to sure give it a try.

[@scarletsilverflame1842]

What's the benefit on starting out as a sole proprietorship DBA instead of going straight into an LLC? Wouldn't it be more cost effective to start off as an LLC?

[@sabrinathomas4682]

My thoughts exactly!

[@OmarLopez-kh3dx]

I think as a sole proprietor, you claim full and sole responsibility of anything and everything pertaining to your business AND your personal assets, like house, vehicle, anything personal and of value to you, can be taken from you to compensate the person who sues you for damages and things like that. It's alot riskier. An LLC will place a barrier between the person suing you and your business. Anything personal of you is left out of it which is a good thing. I could be wrong, but I from what I've understood. An llc can be costly but what's a couple hundred dollars compared to thousands of dollars of your own personal values?

[@franciscaborja587]

We have an accountant and my husband and I just had her help us start our business and to help get a license.. we will be first time construction business owners 🎉🎉🎉 so excited

[@balex556]

Am happy for you guys but well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services

[@Itstheteasir]

Thank you so much for this information! You are so incredibly helpful. Ive been confiding in a coworker who's working for a law firm and is soon attending law school. She been super helpful as well, but not nearly as helpful as your channel. Thank you!

[@ChaosIsHere]

how do you register a name?

[@monicamargaritis8134]

Great advice! Great personality! Great energy! Please lower the volume of the music when you’re speaking. I’d prefer to concentrate on the information you’re providing. Thank you.

[@martyenriquez6162]

How can I get a hard copy of everything you just talked about on this short video what starting up your own business? I want to do life coaching business

[@jimhart]

Check out my online business legal toolkit - registration closes tonight. Http://www.hawthornlaw.net/courses

[@m.c.degroffdavis9885]

This is a great video. You do an excellent job of clearly outlining the steps for starting a business. You sound great for the first 2 minutes of the video; the background music that plays starting at about the 2:20 mark begins to compete with your message too much.

[@briansullivan8610]

Man, I’ve been searching all over this one answer - if you register a business in Canada, does it allow you to sell on amazon in America by shipping to amazon FBA in American warehouses, rather than shipping from Canada.

[@eccentrificalchris2706]

You said exactly what I needed to hear to keep me interested in the first 1:40 to keep me interested

[@sumralltt]

Good information - I would recommend removing the background music.

[@twokind7801]

Jim bro I really appreciate you live well

[@Capesblueskies]

I have been working on a product, and they are in the labeling phase. Despite the fact I haven't sold any yet, I've applied for trade Mark already. Is that going to be a problem ?

[@jimhart]

You can file an intent to use application and if it gets approved you will file a statement of use once you start selling

[@Capesblueskies]

@@jimhart sounds like I jumped the gun. I already applied for the trade mark.

[@williamjames8897]

When and how should you retain, or do you need to have a business attorney or lawyer? Like others who commented. Thank you so much for his channel.

[@jimhart]

We are here to help! hawthornlaw.net/

[@mikececcanti1772]

I’m writing you out of a little frustration. Most for the names I've come up with for a business are taken ...not always online (website) but on Florida Sunbiz.org My question is there are a lot of names the Florida Sunbiz.org that have been inactive for a long time, is there a way I can take that name...or is that a bad idea ? My second question is I have put together a contract....what would it cost me for you to take a look at it and let me know what you think, and what changes to make. Thank for your time....love the videos Mike

[@jimhart]

Hi Mike, As of a few months ago, I’ve started scheduling all of my business calls through a service called Clarity.fm. If you would like to schedule a call, please click the link below: clarity.fm/jameshart

[@Verisno1992]

Oh awesome job its almost impossible to find out how to do the basics of a startup everyone immediately jumps to way past the startup and how to market which does not help you get the initial basic startup done good job and thank you

[@NneniaYasmeen]

Hello, would you have any insight on an American living abroad interested in starting an online business? As far as incorporating the business, do the same rules apply? Thank you in advance. I look forward to your reply.

[@wkrplivetv7165]

This is very informative