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9,073 Views • Aug 24, 2024 • Click to toggle off description
This is how i would start my business if I were a content creator.

First i would start an LLC in my state.

Then, I’d get an EIN for that LLC.

Once I have those two things, I’d open a business bank account with relay.

All the money I earn from affiliate marketing, brand deals, or sponsorships would go into that business bank account.

Whenever I need to spend money to make money, it comes out of that business account.

When I want to pay myself, I simply transfer money from my business account to my personal account and label it an owner's draw.

This is the basic setup.

Once that’s in place, I’d focus on making as much money as possible.

When my profit hits $50,000 a year, I’d switch my LLC’s tax status to an S Corp.

This way, I can pay myself differently and avoid self-employment tax (That's $15k/yr in savings)

If you like to know more about business operations and content creation, check out my accelerator.

We do weekly calls, host trainings, share our wins, share our struggles, find solutions to our problems, and connect with other like minded founders.

Check the link in my bio to try my membership for $1
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Views : 9,073
Genre: Education
License: Standard YouTube License
Uploaded At Aug 24, 2024 ^^


warning: returnyoutubedislikes may not be accurate, this is just an estiment ehe :3
Rating : 4.917 (13/612 LTDR)

97.92% of the users lieked the video!!
2.08% of the users dislieked the video!!
User score: 96.88- Overwhelmingly Positive

RYD date created : 2024-09-21T23:52:19.275145Z
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9 Comments

Top Comments of this video!! :3

@zacharyarnold412

3 months ago

You’re the best, dude! Thank you for this content

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@jayskull935

2 months ago

Would you start by forming an LLC? If you are starting out, you won't be making a lot of money. The cost of an LLC is high, and you'd also need a registered agent. Using your home address is silly for the LLC.

So what do you do to compensate for that?

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@alexandresofman3600

2 weeks ago

This is def NOT the way, dude. Yoou're creating viral TikToks for a living, but you're omitting the most important step. What to sell? You have a wife a home and kid's, you're on solid ground and you don't even say anything about that. Even if you do NOTHING but shit for a living THAT cost money. So you can't just tap on demand into your equity when you start. Youre full of shit man. But I like your energy.

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@jloiterer

2 months ago

Um.... you skipped the part that involves how the revenue is generated???? Don't follow this fake.

2 |

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