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EP39: 3 Things All LLCs Must Do
An LLC, or Limited Liability Company, is one of the easiest corporate entities to set up for your business. However, there are several requirements you must follow to keep your status as an LLC. Many biz owners don’t know - or were never told about - these 3 key actions that all LLC owners must take to protect and honor your status as an LLC. Otherwise, you can jeopardize the very protection created for you by your LLC.
I always say that “you always know when it’s time to go pro” when it comes to creating an LLC but be sure to also talk with an attorney and your accountant to make sure it’s the right time for you to create and maintain an LLC.
In this episode Lisa shares:
- The 3 “Must-Do”s that all LLC owners need to know and do
- How to make it obvious that you have an LLC
- Where you need to show your LLC designation
- Why you need to inform people that you have an LLC
- Why you need to open a business bank account for your LLC
- How to pay yourself, your business expenses and personal expenses
- Why you can’t commingle your funds
- What you need to know about LLC renewal fees
- Why Lisa aligns LLCs with the third eye chakra
Freebie:Download Episode 39 Tip Sheet
Resources:Easy Legal Steps - download the first book chapter free
Top 10 Questions to Ask When Hiring an Accountant - download free checklist
Episode 34: Erin Armstrong on Accounting & Tax Deductions for Business Owners - download the “73 Top Business Deductions for Small Business Owners That Are Often Overlooked” Resource Guide
Mentions:
Capomo Coffee
Dr. Keesha Ewers
High Impact Health Coach Summit
Mark Sisson
Primal Kitchen Vanilla Coconut Collagen Fuel
So Delicious French Vanilla Coconut Creamer
Episode 6: When Do I Need an LLC?
Episode 20: 6 Reasons to Go Pro with an LLC or S-Corp
Episode 31: How to Choose the Best Business Name
Staples
Whole Foods
Target
Have questions about LLCs or want to create an LLC? Feel free to reach out to us at [email protected]. We’re happy to help you however we can and I always love hearing from you.
View all episodes
By Lisa Fraley (Attorney, Legal Coach, Speaker, & Best Selling Author)
5
5151 ratings
An LLC, or Limited Liability Company, is one of the easiest corporate entities to set up for your business. However, there are several requirements you must follow to keep your status as an LLC. Many biz owners don’t know - or were never told about - these 3 key actions that all LLC owners must take to protect and honor your status as an LLC. Otherwise, you can jeopardize the very protection created for you by your LLC.
I always say that “you always know when it’s time to go pro” when it comes to creating an LLC but be sure to also talk with an attorney and your accountant to make sure it’s the right time for you to create and maintain an LLC.
In this episode Lisa shares:
- The 3 “Must-Do”s that all LLC owners need to know and do
- How to make it obvious that you have an LLC
- Where you need to show your LLC designation
- Why you need to inform people that you have an LLC
- Why you need to open a business bank account for your LLC
- How to pay yourself, your business expenses and personal expenses
- Why you can’t commingle your funds
- What you need to know about LLC renewal fees
- Why Lisa aligns LLCs with the third eye chakra
Freebie:Download Episode 39 Tip Sheet
Resources:Easy Legal Steps - download the first book chapter free
Top 10 Questions to Ask When Hiring an Accountant - download free checklist
Episode 34: Erin Armstrong on Accounting & Tax Deductions for Business Owners - download the “73 Top Business Deductions for Small Business Owners That Are Often Overlooked” Resource Guide
Mentions:
Capomo Coffee
Dr. Keesha Ewers
High Impact Health Coach Summit
Mark Sisson
Primal Kitchen Vanilla Coconut Collagen Fuel
So Delicious French Vanilla Coconut Creamer
Episode 6: When Do I Need an LLC?
Episode 20: 6 Reasons to Go Pro with an LLC or S-Corp
Episode 31: How to Choose the Best Business Name
Staples
Whole Foods
Target
Have questions about LLCs or want to create an LLC? Feel free to reach out to us at [email protected]. We’re happy to help you however we can and I always love hearing from you.