Each LLC need
separate bank account
separate operation agreement
then you can pay your self
and those asset need to be use for sustain that individual LLC.
1 Agreement (Service,Contacts)
2 Tax License
3 Business License
4 Other License
I don’t need any licenses because I’m running affiliate marketing company.
5 Form 2553 (S Corp) I believe that i already have this.
6 Insurance ** I still donot know what insurance that i need. because everything is online.
7 Initial Resolution **How you will operate your business
8 EIN (Already have and i applied it online at BOA)
9 Operating Agreement : internal document where the owner decide to be operated. How member are going to get paid. What happen if it will be disagreement? *** Every LLC need
10 Article of organization ** This is when we have it from the Secretary of States.
Take about half of the income 50% as a salary
30% of the income save in the S-Corp for an expenses.
20% of the income save in the S-Corp for company TAX.
You going to have a payroll for your salary.
You need to have enough money in your corp for any other expense and growth.