I have an LLC and 5 Copyrights...Ask Me Anything

[AlainLocke]

And no...this isn't a brag thread...and no this isn't a humble brag thread...

It's a thread for nikkas to ask a nikka how he did shyt...somebody that already spent the money and went through the research...

Ask away...

or not...idgaf

 

[Gold]

You make phone apps?

 

[ORDER_66]

How much did it cost you to Incorporate, what are the steps??? Trying to get this media company off the ground.

 

[NotAnFBIagent]

How much income they bring in

 

[AlainLocke]

You make phone apps?

I am starting making apps...I copyrighted scripts, webseries episodes and a TV pilot...

 

[Gold]

I am starting making apps...I copyrighted scripts, webseries episodes and a TV pilot...

Android or Apple or both?

 

[Reginald Noble]

How much did the LLC cost and how many individuals have to be involved.

I don't remember (I have an S-corp) but when I did initial research the LLC was cost prohibitive and too time resource intensive to maintain in terms of documentation and substantiation on why I needed the LLC structure itself.

Naturally due to it's protections they don't want just any and everyone applying for one. It needs to have a legitimate functional purpose

 

[AlainLocke]

How much did it cost you to Incorporate, what are the steps??? Trying to get this media company off the ground.

You gotta go through the state...

Don't go through legal zoom, it's a waste of money...I didn't go through legal zoom.

Just google your state and type in LLC *insert state here* and click the .gov...

Put in all your info...select the industry you gonna be in...pay...I paid about 150 or some shyt like that. They'll give you a confirmation email...walah you got an LLC...

All that extra shyt...like a fukking correspondent agent...you don't need...

You don't even need a physical location...

You really just want an LLC just to write shyt off as business expenses...

Which is aweeeeeeeeesomeeee

 

[AlainLocke]

Android or Apple or both?

Both...

After this webseries shyt...I wanna fukk around with making a super secure web browser...cause I wanna make launchers and eventually my own Linux distro...I ain't doing it for money though...just doing it to learn

My partner and I probably make a game for money...

 

[Reginald Noble]

You gotta go through the state...

Don't go through legal zoom, it's a waste of money...I didn't go through legal zoom.

Just google your state and type in LLC *insert state here* and click the .gov...

Put in all your info...select the industry you gonna be in...pay...I paid about 150 or some shyt like that. They'll give you a confirmation email...walah you got an LLC...

All that extra shyt...like a fukking correspondent agent...you don't need...

You don't even need a physical location...

You really just want an LLC just to write shyt off as business expenses...

Which is aweeeeeeeeesomeeee

Are you sure it's that simple? I can see the usefulness for your stuff but my CPA did not recommend me set one up because it's not really geared towards my side income activity which is business/marketing consulting.

 

[Gold]

Both...

After this webseries shyt...I wanna fukk around with making a super secure web browser...cause I wanna make launchers and eventually my own Linux distro...I ain't doing it for money though...just doing it to learn

My partner and I probably make a game for money...

I got alotta questions, i'll be back

 

[Treblemaka]

What's your biz?

Do you have a website? Maybe we can do business.

 

[TRFG]

What was net profit?

 

[AlainLocke]

Are you sure it's that simple? I can see the usefulness for your stuff but my CPA did not recommend me set one up because it's not really geared towards my side income activity which is business/marketing consulting.

It depends on how big you are and how intricate your business is.

I got an LLC because I don't wanna be liable for shyt and I have a partner. I got an LLC for web designing mainly. Then I just decided to let it encompass everything I do. If you are a one man show and you just hustling...you don't need an LLC. A sole proprietorship is cool.

If you handling big projects and you getting big money...like thousands of dollars...it's good to shield yourself. If you are looking to hire employees and contractors...yeah...

I got an LLC cause I am in a 50/50 partnership. We have a partnership agreement and we have a legit company name. I like covering my bases.

I am the type of person that just go do the shyt and suffer the fall out later...

I wouldn't go to a CPA to do an LLC to me it's a waste of money...cause CPA's gonna wanna get billed to set it up...and you can do it yourself

Filing a C-Corp...yeah...CPA

An S-Corp...yeah...CPA

Limited Partnerships...yeah CPA

An LLC bruh...just go do the shyt...it's super common and easy to sit up...a lot of people like to sit and chill and read a bunch of books and debate themselves...by then you just wasted time...

Just go visit your state secretary...register, look at the forms...go...read a business book...here's a bunch free ones...written by a Business Ph.d

The Business Professor

I read all that shyt...and then I read again and then I waited a week...read it again...

And I am a business major...and I took intro business law so it wasn't foreign to me...

 

[Reginald Noble]

Thanks, I may setup an LLC if I start to get like more than $10k or so through my S-Corp. Or do a big partnership. Right now I work with my home boy occasionally but we only declare a certain amount the rest is cash because it's touch and go. Typically under the IRS limits.