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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.

 

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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.

 

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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.