Dr. Tay G Explains Why You Should Make Your Name An LLC 👀

[Blacktruth]

This will go over a lot of people head because they don’t understand business dealings but he is absolutely right.

[ThatAboutDoesIt]

Or you could legit just start a business and register it under LLC. Get your EIN, and open a business bank account. Make all future large purchases under the LLC and write it off at the end of the year.

[businessman]

It getting a lot deeper than what he said. You can also incorporate your name as a living Trust. The less you use that slave # SSN the better….

[SoIThinkImAGamer]

You can do this without having to make the LLC after yourself but I think the idea behind it is that your image is a business basically an influencer therefor all costs associated with maintaining yourself could be a business expense. For example you could argue that getting your hair done or teeth fixed is a business expense because it’s improving the quality of your content and thus helping make more revenue.

[curtismorrison]

Free business advice is EXPENSIVE business advice!! You MUST legitimately have a business with purpose, with an INTENT to make a Profit.

[kvngphresh]

To quote the amazing Jay Z “I’m not a businessman. I'm a BUSINESS, Man” If ya’ll actually listen to every one of Jay Z’s albums, he literally provided the BLUEPRINT for success, whatever your definition of “success” may be. Peep the technique and follow the breadcrumbs. 😉

[loydanderson-pak]

How to get the IRS to audit your shit 101

[thatsmaney]

Judge won’t grant protectection to a llc for asset protection.

[charlesgreen]

That’s what I did??? Get your name ASAP if it’s available and others, Then build business lines of credit on all of your LLC’s 🏦

[JamesBond-qxjz]

I REALLY WANT TO BELIEVE HIM HES GOT THE LOOK OF AN HONEST SALESMEN

[thirdjones]

This is going to have some of these people in a bad spot

[woowutank]

You lose all protection intermingling funds they say

[Mangini_baseball_instruction]

I’d love to here more about how this works please, very good info

[itrollallliarsdontlie]

Also you can use your name or someone else as name for the registered agent (whether you’ll do this yourself or not), contact info for registered agent, and signature of owner all included in your articles of organization plus state whether your LLC will be member managed (member or owner of LLC will be responsible for managing the business) or manager managed (LLC members appoint a manager that’s not a LLC member) and create an LLC operating agreement which will state who and who is responsible for different tasks

[cameronwilliams]

I aint used my personal credit in 5 years lol just my ein number for my llc iykyk

[C_]

He learned that from the person with failed businesses that won't accurately report ANYTHING that doesn't have the wealth that you think that they do😂😂😂😂😂!

[timothyriser]

JayZ isn't a businessman. JayZ IS a business, mane!!😮

[stanmoney]

Don't put your name in your LLC, because it's makes you a red flag to the IRS

[joshuaevans]

While there are many types of debt, let's just take credit card debt as one example. You can't simply convert a personal credit card/account into a business account. Banks don't let you maneuver like that. Otherwise we'd all be out here just ditching debt and maintaining excellent credit scores. This is oversimplified CAP!

[normoddity]

If you intermingle funds, you risk the courts “piercing the corporate veil” and determining that the corporate entity is, in reality, not a separate entity. In this case, even if you have created an LLC or a corporation, you lose that liability protection. So this is just bad advice. Besides the fact that if you or your business can’t handle a drought or recession you not managing something right. But that’s another story.