Join the next workshop: www.tshirtmastermind.com/ Follow Self Employed Tax Guy: instagram.com/selfemployedtaxguy www.youtube.com/@TheSelfEmployedTaxGuy
@Maga-Muffin.59 Жыл бұрын
One perk of an LLC is that it keeps your personal assets separate from your business assets should you be sued.
@Michael23459 Жыл бұрын
That's worth the investment in my opinion
@jayisforjuice98639 ай бұрын
I thought that was s corp
@lizadealey8561 Жыл бұрын
YALL THEY R SPEAKING FACTS esp if u live in a state like california where its 800 here 270 there YEARLY just to have an llc for the year!!!! i am being so much more intentional after my FIRST business didn't even go live because i set everything up and realized after paying for a lawyer - another 700 dollars haha - that my trademark had too many conflicts with people of similar businesses!!!! Things u learn along the way but i really appreciate this refreshing perspective and hope the word gets out more... all my business conferences told me to get an llc before i even had my business idea, or a following, or money coming in... haha wishing everyone success! truly :)
@seanh8095 Жыл бұрын
A LLC is important of u have potential liability. Don’t start a food service business without an entity insulating u from potential claims. If ur not infringing on copyrights, then there is minimal liability in the t-shirt business, so move accordingly.
@blessed_wife.mom.boss_ Жыл бұрын
I wish I would have known this before... I just got my LLC less than a month ago in WY!! Lol...🤦♀️ could've that $400 towards a heat press!
@JGallis10 ай бұрын
I got a DBA instead because you don’t need a llc for what we are doing.
@jamesjames6888 ай бұрын
Please don’t forget you have to pay $400-$800 A Year Anually to either The Secretary Of State or Franchise Tax Board. Or it will double/fees/fines
@stevenwatkins3991 Жыл бұрын
Thank you Hustle you really are a man for the people! Don't change! And this video was on time perfectly!
@mr.top1O Жыл бұрын
Thank goodness yall know each other and doing the video I been needing this info as I was thinking about yall popped up 🙌
@9lightyear436 Жыл бұрын
Great video fellas.... grateful 🙌🙌🙌
@blessthesmoke Жыл бұрын
Why wouldn't you want to have established business credit with an Ein vs personal credit though?
@ronaldsdv Жыл бұрын
Very informative! Thanks Rich and Tyrone for the knowledge shared.
@Pierrevxv Жыл бұрын
Okay cool because I keep getting told that I need one before I sell anything. It makes no sense to me
@Erikap358 Жыл бұрын
Thanks for the content! Really motivating
@blvckunikorn6 ай бұрын
thank you for this!
@ShandiCheekMusic Жыл бұрын
SO MANY GEMS!!!💯💛
@gooxh4 ай бұрын
If you go llc, then go a step further and go s corp. Youll be allowed a lower tax rate.
@jahariboyd6757 Жыл бұрын
Bro you pure inspiration to the people!
@HustleNinjas Жыл бұрын
Trying! Let's run it up this year!
@edwardsandoval521 Жыл бұрын
A lot of places like Bella Canvas require a EIN # and other places require a resale license # to actually buy wholesale.
@TheSelfEmployedTaxGuy Жыл бұрын
And you can get both without an LLC.
@jefelaflare3082 Жыл бұрын
@@TheSelfEmployedTaxGuyhow is that?
@TheSelfEmployedTaxGuy Жыл бұрын
@@jefelaflare3082 Easy... apply as a sole proprietor
@SUNDAYHRS Жыл бұрын
I was just thinking this too! You can’t buy blanks or sign up for a wholesalers without a license number or EIN
@bmoneybxe5 ай бұрын
Great video
@sergiojhdz Жыл бұрын
but what if you have a unique name, wouldnt you want to secure an llc and trademark for it?
@HustleNinjas Жыл бұрын
If you really believe in it, sure, but chances in someone stealing it before you prove it’s proof of concept is very unlikely.
@JGallis10 ай бұрын
Just get a DBA
@chinodadawg87099 ай бұрын
What about if you tryna protect your business?!
@Caned5 Жыл бұрын
Bro what if you work for a POD print on demand or for Ebay.. how is it that you can get sued.. when you work for these companies without a llc?
@oscarmarquez18549 ай бұрын
should i get my brands name trademarked?
@MRIMan Жыл бұрын
Classic!
@JGallis10 ай бұрын
What about a DBA
@ttowntshirts Жыл бұрын
He the man for sure. Good stuff guys
@masondavinci Жыл бұрын
The point of the LLC vs your credit is the fact that the bank won't give you $250k besides a mortgage or student loan lol
@HustleNinjas Жыл бұрын
They’ll give it to you if you have the income and credit history
@masondavinci Жыл бұрын
@@HustleNinjas Yea! Those videos target people that normally don’t have the income to back a personal loan of even 10k 😂 so yea if u got good credit but no $$ get the LLC
@grandegroove5485 Жыл бұрын
What if you pay money to the govt every month for a child ? Is it best to get an LLC
@HustleNinjas Жыл бұрын
Why you don't need a LLC to start, more in depth: kzbin.info/www/bejne/boDadqaGl7d9kM0
@mjones9805 Жыл бұрын
Thanks for the game that really helped me. I just followed on IG 💯