Forming an LLC? Use our free guide or for convenience use a professional service, we have negotiated the best deals for you. *Best Value Bundle Package for LLC formation is with Northwest ($29 + state fees)* https://go.truic.com/3RR4N8A 🔥 Includes 1 FREE Year of Registered Agent Services Or, check out this $0 LLC solution from Tailor Brands: https://go.truic.com/40j7QJm 📙 Free LLC Checklist https://howtostartanllc.com/downloads/truic-llc-checklist-youtube.pdf *Secure the Domain Name for your Business using our discount link* https://go.truic.com/4gQwnfR 📙 Read our free 'What is an LLC?' guide : https://howtostartanllc.com/what-is-an-llc If you use our discount links, you get a discount and we receive a small commission. Thanks for supporting our work! --------- What is an LLC (Limited Liability Company) and why is it so useful? LLC stands for Limited Liability Company, it is one of the most popular business structures and helps with Personal Asset Protection. In this guide to Limited Liability Companies we explain everything you need to know about this type of business structure, from the basics to taxation and asset protection. Watch now and take the first step towards launching your dream business! 📙 Read our free 'What is an LLC?' guide : https://howtostartanllc.com/what-is-an-llc 🚀 Learn How to Form an LLC here: https://howtostartanllc.com/form-an-llc 📄Free LLC Operating Agreement Template: https://howtostartanllc.com/free-operating-agreement-template --------- *TIMESTAMPS* 0:00 - What is an LLC 1:33 - Advantages of an LLC 3:49 - Disadvantages of an LLC 4:26 - Who can form an LLC 4:49 - Types of LLCs 5:49 - How to start an LLC 6:24 - Summary ---------- LLC Basics & Structure Understand how LLCs differ from other business structures by offering the perfect balance of protection and simplicity. Learn about single-member and multi-member LLCs, and why they're generally the best choice for small business owners. Get clear explanations of how LLCs compare to corporations, sole proprietorships, and partnerships in terms of protection and taxation. Key Benefits Package Explore the six major advantages of forming an LLC: limited liability protection that shields your personal assets, pass-through taxation to avoid double taxation, simplified paperwork with fewer formal requirements than corporations, flexible management options (member-managed or manager-managed), multiple tax structure choices including S-corporation election, and enhanced business credibility for accessing loans and credit. Understanding LLC Limitations Get a realistic view of potential LLC drawbacks, including tax obligations on LLC income regardless of distributions and K-1 form requirements that might affect investor interest. Learn why these factors matter for business planning and how they might impact your decision-making process. LLC Types & Variations Discover the four main LLC categories: domestic LLCs for single-state operations, foreign LLCs for multi-state businesses, professional LLCs for licensed practitioners, and series LLCs for managing multiple assets efficiently. Each type is explained with specific use cases and state requirements. Formation Steps Overview Walk through the six essential steps to form your LLC: state selection, name choice, registered agent nomination, document filing, operating agreement creation, and EIN acquisition. Learn about both DIY approaches and professional service options to choose the best path for your situation. --------- Other Resources: 🔥 *Get Free, Powerful Business Tools—sign up now for TRUiC’s Business Center* https://business.truic.com/ Get an EIN https://www.youtube.com/watch?v=X_oYdOcnXho Important Steps AFTER forming an LLC https://howtostartanllc.com/after-forming-llc 🔔 Please like, comment, and subscribe if you appreciate our content, and want to see more! 🔥 At TRUiC we are dedicated to providing the most useful information for small business owners, and would love to see your feedback in the comments on what other information you need to help follow your entrepreneurial dreams. #whatisanllc #llc #limitedliabilitycompany #smallbusiness #startingabusiness #businessstructure #entrepreneur #smallbusiness #truic #howtostartanllc