What they DON'T TELL YOU about starting an LLC (Why most fail in 3 years)

What's up Youtube Family. I wanted to take this time to break down 5 THINGS they don't tell you about starting an LLC and why so many businesses fail in less than 3 years. I like to be transparent about what it takes to run a business and scale it to level where it can take care of your family and provide job opportunities. That's the ultimate goal and I look forward to breaking this down.

If you didn't know, I am the founder of The Jack USA Franchise which includes Jumping Jack Tax, Jack Life Insurance and Jack Bookkeeping. We are a minority owned financial services franchise that can assist you with personal & business taxes, Life Insurance and bookkeeping/consultation.

Download the free Jumping Jack Tax app on Apple & Google or text "inquiry" to [phone] if you need assistance through one of our services.

[ronaldhoward]

I respectfully disagree!!! If you can do it yourself, do it. A Credit company tried to charge me $1500.00 to fix my credit.I fixed it with a $10.00 credit repair book. Credit score is 827 right now. Not everything requires a so-call professional. If you have time to watch this video you have time to start a LLC business.

[kennithyng]

If you learn how to set up an LLC yourself, you can now charge other people to set theirs up. It only takes 5 minutes. This is an additional service you can add if your business is a Tax company. If you look at it this way, you’re not wasting time or losing money. My 2 cents.

[gorjess]

I set my own up by reading and following the instructions 😂

[Randy_Salvage]

I've watched hundreds of these "how to" videos to prepare for my business venture. None of them have have helped me more than your videos. You explain these concepts and how they relate to the growth of the business in simple and understandable terms to a first timer like me. You also bring up variables that I know would have been a major hiccup in the future. I hired someone for my LLC but beyond that all I had was dreams. Thanks to your content I finally feel like I have a realistic plan on moving forward. I don't have to fumble my way through trial and error to learn these lessons. Thankful for you!!

[silentbutdeadly]

My tax lady help me set my LLC UP. For free. She’ll definitely get it back.

[pushbeyondaverage]

If you make less than $100 per hour - do it yourself. Good content nonetheless.

[nadiesouknow]

i know people who did their own llc easy and i respectfully disagree with if you dont have funds you should not be starting a business, the best businesses started with nothing & thats facts.

[ANTHONY]

THIS used to be one of my most watched YT channels... sadly, it's been a while since i visited it has been a very rough year... i am experiencing one of the toughest phases of my life... Lost a fortune lnvesting in emerging companies. Hopeful, for a turnaround.

[kevserakdis]

*Creditlord* literally gave me a fresh start. Before, I was stressed out and exhausted from being turned down from lender to lender. As of now, I'm currently in the phase of purchasing a home. I'm more confident and I feel more secure.

[divinelashay]

So much love for you I didn’t listen to my intuition on having other people do my LLC for me and listening to people telling me it’s cheaper to do DIY now I’m stuck with figuring out all this paper work I have to do wishing I just spent the money because I had it I’m so glad you confirmed that for me so when I start my second LLC I’ll be ready thank you for all the tips your much appreciated

[MrsLisaSnow]

I appreciate the straight talk without the fluff. If you can learn how to do something yourself such as the LLC, you should do it. There is no problem with sourcing duties to other people but you still need to learn how things are done. What are the steps to starting and completing the LLC yourself?

[thomasthornton]

I love this video. He gives you the real talk about using your money wisely. Being a boss is about finding the right talented people who can get things done for you. Work smart, not work hard.

[kevinjames]

Bro u are a god send! I start my business 2 years ago and just branched out full time this year. The way you broke down how much to look to make per day is exactly what I was doing. Keep up the 🔥 you gone help millions

[StevenBMason]

I paid Legal Zoom to set up my 1st LLC. Now I charge other people to set up theirs because it’s so easy. It does take less than 15 min once you have all of the information.

[Thetraphousechronicles]

Wish I would’ve seen this video 6 months ago. I jumped right into entrepreneurship getting an LLC. Had barely made $1000 but everyone was pushing the LLC formation… and here I am owner of a LLC that barely generates enough income to comfortably afford my virtual address 🤨 I’m working in billing business credit tho, it’s only up from here! Scaling and Stacking… slowly but surely ❤️

[samanthastfleur]

Wowww I’m amazed with this video. Honestly this is my first comment on YouTube!!!! This video deserves everything!!!

[mightyintellectual]

When you said "a lot of people say a million dollars...I'm not here to discourage you* I cackled!! lmaoooo because I love the transparency and seriousness in your videos! lol Keep up the great content!

[BlackMarketCapo]

I follow all your videos my brother great content and value you give us in the world but when you said the sabbath is SUNDAY I cannot agree the SABBATH IS SATURDAY lol

[themicahshow]

Dope video looking forward to the different bank accounts video for the LLC, really caught my attention trying to build wealth!

[AKoleeOfficial]

Wow! Im doing my business all by myself and everything you listed I’ve done by myself. Self taught. And everything I’ve learned from experience. I am all the way legit right now. I took about two years to learn about everything you listed. I did have to spend money to TEACH MYSELF. But I never spent money for someone else to do it for me, except when it comes to accounting. Definitely hire a professional!!!