Setup an LLC with Bizee (Step by Step Instructions)
Learn how to quickly and easily set up your LLC with Bizee in this super quick step-by-step tutorial! Whether you're a solopreneur or forming a business with partners, this video covers everything you need to know, from choosing the right LLC name to securing your EIN and operating agreement. Plus, discover tips on protecting your privacy, setting up a business bank account, and supporting a great cause. Get your business started today!
Start your LLC with Bizee (paid link) ➡️ https://buyersguides.co/bizee
I appreciate you using my affiliate links as I may earn a commission but with Bizee you get the lowest possible price of any LLC service around and we will donate $20 on your behalf to Crisis Services when you purchase an LLC with one of our links.
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Things You Need To Know:
1. EIN & Operating Agreement:
There are 5 states (California, Delaware, Maine, Missouri and New York) that require you to have an operating agreement for your LLC.
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2. State Entity Search Details
Just Google "YOUR STATE Business Entity Search" and the first link should be a .gov website where you can search to see if your LLC name is available.
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3. Designator Details:
Designation details will vary by State. That's why I would suggest searching "YOUR STATE LLC Designator Details" to get a rundown of what the different designations mean.
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4. Turnaround Time Results of Top Services
I tested the following services without any expedited upgrades and here is how fast they returned the LLCs. LegalZoom was the fastest but also the most expensive service.
LegalZoom - 1 hour 37 mins
Bizee - 1 Day 4 hours
Swyft Filings - 3 Days
ZenBusiness - 7 Days
TailorBrands - 19 Days
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5. Banking Resolution Explained
A banking resolution is a formal document that establishes who is authorized to perform banking activities for a company, such as a corporation or LLC.
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6. Registered Agent Alternative Names
A registered agent is also known as a statutory agent, resident agent or agent for service of process). It depends on what State you're in as it can go by different names but still serves the same purpose in terms of receiving service of process (SOP) when a business is a party in a law suit.
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7. What an EIN is needed for
An EIN is needed when you have employees, operate as a corporation or partnership. It's a good idea to get it setup ASAP bec it's like a SSN for your biz and you can use when applying for a bank account or loans or other things.
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8. Common Tax Issues for New Biz Owners
You should get a separate biz bank account right away so you don't commingle funds. Also, you should look into sales tax and if it's required on the state level for your business. Another common issue is misidentifying employees as contractors when they're actually employeees.
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9. Further details on Biz Licenses and Permits
Business license requirements vary by state, county, and municipality, and can even vary from town to town. Fees for licenses and permits can also vary widely. SBA . gov has info on this and then you may want to connect with a local SBA office that can help with local requirements.
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10. More Details on Crisis Services and Your Donation
In 2024 we've been able to donate over $50,000 as of making this video to a charity called Crisis Services. That's bec we donate $20 for every LLC sale on your behalf. Crisis Services answers phone calls from people in a moment of crisis where a 911 call isn't needed yet. They work with at risk populations to get the support they need in their darkest hours. Thank you for considering to use our affiliate link to help those who need it most.
Start your LLC with Bizee (paid link) ➡️ https://buyersguides.co/bizee
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TABLE OF CONTENTS:
0:00 Sign Up For Bizee In 4 Minutes!
0:14 How To Use This Video
0:23 Bizee Pricing's Page
0:28 EIN & Operating Agreement
0:33 Step No. 1: Company Information (LLC Name and Designator)
0:53 Step No. 2: State Filing Time (1 Business Day Vs. 3 Weeks Filing Time)
1:05 Step No. 3: Company Address Info (Address Vs. Virtual Mail)
1:25 Step No. 4: Important Upsells (EIN, Operating Agreement, Banking Resolutions, and 25+ Contract Library)
1:45 Step No. 5: Members For LLC
1:58 Step No. 6: Registered Agent Information
2:37 Step No. 7: EIN / Tax ID Number
2:57 Step No. 8: Small Business Banking (Bank of America)
3:23 Step No. 9: Method of Delivery (Electronic Delivery Vs. FedEx Express)
3:29 Step No. 10: Tax Strategy & Free Consultation
3:42 Step No. 11: Business Licenses and Permits
4:01 Step No. 12: Checkout Page
4:20 Charity Opportunity (Crisis Services)
4:34 7 Top 7 LLC Services... COMPARED!
4:43 Bizee Tutorial (Backend Dashboard)
Start your LLC with Bizee (paid link) ➡️ https://buyersguides.co/bizee
#LLC #Bizee #BizeeLLC
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