What You Don't Know About LLC's

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What You Don't Know About LLC's

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Комментарии
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The LLC is like a whole other person or “entity” and it is the responsible party,
not you personally.

mamabear
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Hence why you need a separate bank account set up for that LLC

DawnWillDoIt
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Working with another company now, who wants us to sign an NDA. We requested the contract be rewritten using our LLC and not our individual names. They refused and said every manager and owner in our company had to individually sign it 😂 yeah no thank you.

leechburglights
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Contract signed in the John Doe, LLC BBS.

HeavenLeeJ
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Question is. What do you do in this situation. I own some equipment in my name that is financed. I open an LLC. How do I go about paying for the equipment, while maintaining the LLC status?

Of course everything else would then be run through the LLC and I would pay myself from the LLC, but this issue has me perplexed. As well as insurance on the equipment, wanting to run through the LLC but it being in my name. Of course after it is all paid for, I could transfer it to the LLC as an asset, or a separate LLC and then lease it to the original LLC.

seabass
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Limited liability Company, the name explains the whole concept if this video made ur eyes light up and your over 25 your behind the curve chief

chrisrojas
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Except per the IRS, LLC's are disregarded entities

EROCKS