How to Set Up an LLC in 2024 From Start to Finish (Step-by-Step Guide)

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LLCs are extremely popular business structures that have a lot of benefits such as liability protection. However, despite their popularity, a lot of new business owners have no idea how to actually set up an LLC. Luckily, the process is relatively straightforward, although there are some important changes for 2024.

In this video, tax expert Karlton Dennis explains how to set up an LLC in 2024 from start to finish. He provides a complete guide that can help you to get your LLC up and running within just 8 short steps. When done correctly, an LLC can be set up in as little as a few days with approval from the government coming within a few short weeks.

If you are someone who wants to learn how to set up an LLC in 2024, then this is a good video for you to watch. The rules for LLCs are slightly different in 2024 and many LLCs are required to file beneficial ownership information or “BOI” reports with the government. Karlton explains this step for setting up LLCs as well in this video.

CHAPTERS:
0:00 Intro
0:51 Step 1: Select a Name for Your LLC
1:59 Step 2: Appoint a Registered Agent
2:50 Step 3: File Your Articles of Organization
4:06 Step 4: Create an Operational Agreement
4:36 Step 5: Obtain Your EIN Number
4:55 Step 6: Set Up Your Bank Account
5:18 Step 7: File a BOI Report with FinCEN
6:22 Step 8: Keep Your LLC in Good Standing
7:05 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#llc #smallbusiness #startabusiness #businesssuccess

[karltondennis]

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[joegriffin]

I just want to say thank for the information in your videos . I am in the process to start my first business and your videos are helping me greatly.

[NianLisa]

I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.

[sylviacml]

Karlton that was perfect timing and a BLESSING! VERY informational

[BraindedPodcast]

Thank you!!!! You’re giving out SO much information!!!! 😢 I will be soon signing up for your course. You deserve every penny!

[emanuelmorales]

Thank you for explaining everything 🙏 God bless 🙌

[MZ-hwgj]

Your videos are the Best. I have learned so much from you .Thanks for the valuable information. ❤

[rupapatcha]

Thank you so much for the great info. I have few questions. 
1) Can I start a LLC with 1 member in the USA and 1 member in India ? So basically a multimember LLC with resident and non resident of USA.
2) How will the Non resident be taxed in USA in these cases.

[ebarreda]

Hi Karlton do you have a video where you talk about S-corp vs LLC for a Real state rental business?
I have an s corp . My Tax account suggested me to do it. I have now an s corp. I am a Rookie on this !

[jesustejeda]

Thank you for making such a quick and efficient video. Loved how you got right down to the point.

[amansingh]

I filed my second llc by myself this time
Instead of using bizee, but it didn’t show me any options to put for professional purpose. I’m trying to start a real estate company for Airbnb purposes and more

Any tips please..?

[Mr.Cory]

Does it make sense to have a youtube channel a llc as content creator?

[Britt-kj]

What if I will have multiple Dba's can I choose a regular llc name

[steverodriguez]

Hey Karlton, does your office offer services on writing the OP AGREEMENT if one wants a more taylored one then the basic version offered by the state?

[katerinaperez]

Hi @karltondennis perfect timming, just did all the stepts as you recommend in the video. my question is when should i upgrade to a s-corp. everyone here in florida says its best but what I have seen in your videos it my be good but at the same time no. I also have a w-2 (yealy income of 60K) and will defently not gain over 40000K net in the llc by the time is tax season. should i stay as LLC. Please advice. blessings for all your videos....

[yooo]

Started a detaling business in March I’ve made a couple thousand should I start a LLC!?

[labryanlawrence]

What if you have the wrong address o both the operational agreement as well as the articles of organization?

[OpulenceRosa]

If I get a business and go through a registered agent . How can I prove it is my business when opening a business bank account ect in the business ?

[JustClowninRecords]

I’m a up coming music production/ musician I’ve only pulled in .14 streaming and I want to sell t shirts should I start a LLC

[GeoGetsNoLove]

I don’t have anyone that I personally know, is there anyone who could help me?