How to Start a Holding LLC Company in 2024 [Step-by-Step]

Here is the step-by-step guide on how to set up an LLC holding company or umbrella company in 2024. First off, you need to know that an umbrella company is basically a business entity that controls multiple businesses at once.

Timestamps:
Joke Intro (0:00)
What is a holding company? (0:15)
Holding vs Subsidiaries companies (1:05)
Step #1 (1:30)
Step #2 (2:30)
Step #3 (4:09)
Should you start an umbrella company? (6:44)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

[joceline]

you literally don't know how much I am grateful for this channel ... being a first gen this kind of info accelerates my journey to generational wealth !!! May the Lord bless you in everything your heart desires!!! much appreciation

[bearleers]

All this channel does is put out informative, pertinent & phenomenal content!🔥🔥🔥 No fluff, no irrelevant & most importantly, no time-wasting content. Thank You, Very Much, on behalf of all the Viewers & Subscribers!

[SeanTheDon]

These Step-by-step videos are Gold! Thank you

[kalel]

I LOVE THAT YOU TALKED ABOUT THE REVERSE SITUATION; HAVING A PREFORMED LLC TURNED INTO THE HOLDING LLC!!

[trippwarren]

I have yet to find an explanation of this process that is as thorough and easy to follow such as this video. Thank you for this content!

[janeehoward]

Very helpful! I didn’t realize until last year that I was already running my businesses like this. This was just the natural way I wanted my businesses ran

[JP-wnjn]

This is awesome! Thanks for following up w the part 2

[glendineevans]

Thank you Lyfe Accounting! You're always pouring into us.

[london]

Thanks so much! I was stressed out trying to call Zen Business to make changes to the name of my new LLC from the operating company's name to the holding company's name. I thought I create a bigger mess for myself when it came time to make this transition. With the business ideas ahead, a holding company would tie all of my upcoming endeavors into one umbrella. After watching your video I was able to calm down and will tackle this step during annual renewal of my LLC. Thank you kindly. I will focus on what is in front of me. Namaste~

[tommyharden]

Can you make a video on HOW TO Create that operating agreement with the clauses that NEEDs to be in Holding company

[colbystrickland]

Appreciate you LYFE Accounting! Thank you so much for sharing your financial literacy! Continue educating, empowering and inspiring you guys!

[thepashaj]

A on time topic for me ;Thanks so much for the highlight ...Have a wonderful day !

[trevorsmith]

Amazing video filming and editing. Smooth talking, nice work!

[cgcep]

Do you have to form another LLC for the subsidiaries or can you just do a dba? Great content 🔥

[indi]

2 minutes in and exactly what I was looking for! Thank you!

[SantiagoGutierrez-nikb]

This helps. I currently have 3 LLC companies right now so I need to create a holding company (umbrella company) that these three will be under.

[Chelzthecreator]

Can an LLC have a non profit as a subsidiary ?

[MiketheMK]

Great informative video! Question: if I wanted to create a parent company for an existing llc, how would be the easiest way to transfer the existing llc’s assets to the new parent company?

[liamnicholls]

Even after watching and comprehending this video I still don’t know how to do the steps. Like you start an umbrella company.. how? You get a registered operator who can be you.. ok. How? You start a subsidiary company.. how? Like, do you just make a name, start telling people it’s a business, do I copy right it? Do I register it or need a licence or go to someone?

[I_of_Infinity]

Thank you for this valuable, clear and concise information.