How to Create an LLC for Uber/Lyft Drivers (Complete Beginner's Tutorial)

In today's video, I'll go over everything you need to know about starting an LLC as a rideshare driver whether you work at Uber or Lyft. Starting an LLC as a ride share driver provides liability protection in case you ever get sued and even tax benefits if you have your LLC taxed as an S Corp. This makes it an attractive option for ride share drivers, as it can offer increased protection and financial benefits.

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Our favorite business must-haves:
💳 Best business credit cards:
🏦 Novo (best business bank):
🖥️ Best AI website builder ($3/month using code STARTUPWISE):
⚙️ Northwest (best $39 LLC formation service):
💰 Payroll with Gusto (get 2 months free!):
👨💼 Best overseas staffing agency (save 80% on payroll):

Be sure to watch this video until the end if you're an Uber or Lyft driver who wants to make more money and start a business driving people because I'll show you how you can start your LLC in under 10 minutes using Bizee, which is the platform I used for many years and I highly recommended it for every entrepreneur who is just starting off. Starting an LLC involves registering the business, obtaining necessary licenses, permits and filing tax forms which can be super time-consuming if you try to do it all yourself.

That's why I highly recommend checking out Bizee and going with the gold plan because they'll do everything for you, along with getting your EIN number which you can use to obtain a business bank account and credit. I also highly recommend talking to a tax strategist on whether or not you should start an S Corp, especially if you make over $40,000 to $50,000 per year since you're considered as an independent contractor as a driver. With self-employment, you can hire yourself under your own S Corp and pay yourself a reasonable salary, allowing you to potentially save thousands every year in taxes! If you want to learn more about S Corps, we have videos on the channel that you can check out on the topic.

If you found this video helpful, check out our other videos about LLCs, S Corps, and business formation in general:

How to Elect Your LLC To Be Taxed As an S Corporation (Fast):

Avoid These Common LLC Address Mistakes (A Guide to Setting Up Your Business for Success):

ZenBusiness LLC Formation Review (LLC Setup Walkthrough):

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More tutorials on our website:

Thanks for watching! I hope you have a wonderful day!

-Charlie

#LLC #UBER #BUSINESS

Timeline:
0:00 - Intro
0:14 - What Is An LLC?
1:26 - Taxes For Rideshare Drivers
2:24 - LLCs For Uber/Lyft Drivers
3:23 - How To Create An LLC For Your Uber/Lyft Business
6:41 - Conclusion

Disclaimer: Some of the links above may be affiliate links, which means that if you click on them I may receive a small commission. The commission is paid by the retailers, at no cost to you, and this helps to support our channel and keep our videos free. Thank you! All info from our videos is compiled from online sources and our own experience, and we encourage you to do your own due diligence. We appreciate your viewership!

[StartupWise]

Hope you guys enjoy the video and get a ton of value from it! Use the links below to set up your LLC for your Uber/Lyft business (these are affiliate links and will help support our free channel):
^
Bizee is the new and improved IncFile — they're the same company and still provide the same services, but with a new name.

Our favorite business must-haves:
💳 Best business credit cards:
🏦 Novo (best business bank):
🖥 Best AI website builder ($3/month using code STARTUPWISE):
⚙ Northwest (best $39 LLC formation service):
💰 Payroll with Gusto (get 2 months free!):
👨💼 Best overseas staffing agency (save 80% on payroll):

[mrume]

Creating an LLC will give you better credit for a better car!

[josephrobnett]

Do I need to obtain commercial insurance for using my car in the LLC and maintain my personal insurance for personal usage? Also, do I lease my personal vehicle to the LLC or gift/sell it to the LLC? In other words, how does the car become part of the company?

[nusrats]

don't you still need a SSN to drive for for lyft/uber when u have an LLC ?

[scoates]

I missed the part that gives guidance with respect to connecting your LLC with Uber

[scottkelley]

So it's not really a tutorial, It's just directing me to affiliate links to a service to do it.

[byefelicia]

The creative ways some people try to sell a service 🙄

[abdellahibouh]

Can I create the llc as a logistics category or that doesn’t work with Uber drivers ? I’m trying to find a low risk category for the Uber llc . What do you recommend?

[Rotc-jumper]

What the heck did you put for industry type??

[__]

All this info is good but useless if there’s no guidance how to convert your account into a business account 😂

[asapvicetrades]

Should get one so you don’t have to pay federal taxes

[rebelracellc]

How does a driver get Uber and Lyft to send payments to the LLC Bank account?

[DorianWilliams-pv]

Title: "How to Pay for an LLC for Lyft / Uber"

[therain]

I have 5 years driver for uber and I didn't need an LLC

[Redphome]

Once you have llc how do u run uber/ through it? Is there any more steps outside of just having one?

[shenoudabekheet]

Thank you i want to ask i am an uber eats driver i just need to get a certificate of incorporation
Can i do that ?