Property in LLC
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.
10 Step You need to setup your 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.
LLC and single Member LLC
Hello there,
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.