Paying Yourself with an LLC

Paying Yourself with an LLC - What to Know in 2020

One of the most common questions I get as an online business lawyer is how to pay yourself with an LLC. The answer is extremely simple, but it is also extremely complicated at the exact same time. What do I mean? Let’s jump into it. I’ve been dealing with online businesses for a long time […]

Single Member LLC Mistakes You Should Avoid

Single Member LLC Mistakes You Should Avoid (2020 Update!)

People make all sorts of mistakes with their LLCs. Today, I’m going to talk to you about some single member LLC mistakes that you should avoid. So a couple years ago, a guy calls me. I should say he had some issues. Yeah, that’s probably a nice way to say it. He had some issues. […]

LLC vs S-Corp – What You Need to Know

LLC vs S-Corp - What You Need to Know

Today, I want to talk to you about the differences between an LLC vs an S-Corp and everything you need to know for purposes of taxes. At what point should you start to transition into an S-Corporation, or should you start to transition to an S-Corporation? Because that is definitely not the route that everyone […]

How to File Taxes as a Single Member LLC

How to File Taxes as a Single Member LLC

Hey there, party people. Today, I want to answer another user question. Today’s question is how to file federal taxes as a single member LLC? It’s a simple question, but it’s a hard question at the same time. If you’re a single member LLC, the way you’re going to file your taxes is you’re going […]

How to Pay Yourself in a Single Member LLC

How to Pay Yourself in a Single Member LLC

So today, we’re going to talk about one of the most common questions I get from people that are forming LLCs. How to pay yourself with an LLC? Over the past several weeks, we spent a lot of time focusing on many of the foundational elements of forming your LLC. This includes choosing the right […]

Biggest Tax Write Offs for Small Businesses (These are Huge!)

Biggest Tax Write Offs for Small Business in 2020 (These are Huge!)

Is your online business taking advantage of tax deductions? Stick around because today we’re going to review seven of the biggest tax write offs for your small businesses, starting today. Today, we’re going to talk about seven of the most commonly missed tax deductions that you can use in your online business. Let’s jump into […]

Thinking About Forming a Single Member LLC? Read this First!

Thinking About Forming a Single Member LLC Watch this First!

Today I want to talk to you about single member LLCs. I want to talk to you about what they are. I want to talk to you about how to avoid the risks of piercing the corporate veil that you could get sued and your personal assets could get reached by creditors who might be […]

What to Do AFTER You Form an LLC – 6 Steps You Must Take

What to Do AFTER You Form an LLC - 6 Steps You Must Take

Are you operating your business as an LLC? Did you form an LLC recently? And are you wondering whether or not you’re handling everything properly now that you’ve started your LLC? Today, I’m going to share with you all the things that you need to do once you start your LLC to make sure you […]

How to Start an LLC – In three simple steps

How to Start an LLC - In three simple steps

Today I want to share with you how to start an LLC. This information is going to be pretty much the similar regardless of what state you’re in. As an attorney, I practice in North Carolina. I’m also licensed in Florida. So by the end of today, I’m going to tell you about the different […]