Anyone created a LLC for personal business?

[hustlemania]

double..

 

[ill]

Keep in mind that when you get credit for a small LLC it will still be based off your personal credit until your company has a verified history that can be used in itself.

 

[Suicide King]

Keep in mind that when you get credit for a small LLC it will still be based off your personal credit until your company has a verified history that can be used in itself.

Yeah, but you can get a ridiculous amount of credit, multiple cards with 10 or 15k credit lines. And none of those accounts go on your personal credit history.

Also, like everyone in here said, most of it can be done yourself. Anyone trying to charge you to file paperwork or get a EIN number is ripping you off.

 

[Mr. Negative]

It's amazing how once you start to really REALY focus on a goal and you're not sure of your next step.... it sorta falls into your lap.

Props on the thread and the info.

 

[88m3]

 

[DamonDashsRocAFellaChain]

Isn't one of the benefits that you can claim a loss for the first 7 years, too?

 

[Domingo Halliburton]

I haven't but I can get you money. You gotta show some cash flow though....

 

[Domingo Halliburton]

Isn't one of the benefits that you can claim a loss for the first 7 years, too?

you can claim a loss anytime you want
..personal or business

 

[ADevilYouKhow]

it's really something everyone should have.
Id read the cost was 2-5k though.

 

[newarkhiphop]

Subs

 

[Mr. Negative]

Isn't one of the benefits that you can claim a loss for the first 7 years, too?

you can claim a loss anytime you want
..personal or business

what do you both mean by this?

 

[Atsym Sknyfs]

I have 2 LLCs and a PLLC. The LLCs were in 2007 and the PLLC was 2012.
Took about 30 minutes to set up and little $$. It was only over 300 because I paid for the expedited processing.
Then after its set up I got a EIN #.
For the PLLC i had to get insurance and wokers comp and etc...

 

[Atsym Sknyfs]

I'd recommend registering your LLC in a tax haven like Wyoming, New Mexico, or Delaware. You can do this over the internet.

You also need to apply for a EIN (which is like a social security number for a corporation) on the IRS website.

Once you have all of that you should open a corporation bank account along with a merchant account (so that you can accept credit card payments).

you don't need a physical address to register ur business in those states??

subs. good shyt brehs

got some specific info on how to go about doing this?

Depending on the type of business you would still need to register to do business your state.

 

[dennis roadman]

let's start dropping some links in here brehs.

i'm gonna assume a lot of us don't have business degrees i certainly dont. im going into this with enthusiasm, willpower, and blindness.

can you help me see a little bit of the light?

 

[The_King_of_Everything]

Can an employer see when a business was created if I put my own llc on my résumé