My Biggest LLC Mistake Ever

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Many new business owners create their businesses before they fully understand how to run them correctly or comply with all of the rules and regulations for new companies in America. Unfortunately, this often results in new LLC owners making a lot of mistakes when they are just starting out.

In this video, tax expert Karlton Dennis shares some of the biggest mistakes that he made as a new LLC owner when he was launching his first business. These mistakes are related to tax forms, business addresses, and more. Karlton made them with his first LLC, which was a fitness business.

Understanding some of the key business mistakes that successful entrepreneurs like Karlton Dennis have made in the past can potentially help new entrepreneurs avoid making the same mistakes. So, if you are thinking about setting up an LLC, then you can learn some key mistakes to avoid by watching this video.

CHAPTERS:
0:00 Intro
0:54 My Biggest LLC Mistake Ever
1:36 Mistake #1: Using My Real Address on My LLC
4:09 Mistake #2: Appointing Myself as the Registered Agent for My LLC
6:12 Mistake #3: I Forgot to 1099 My Contractors
8:08 Mistake #4: Forgetting to Write Off My Startup Costs
11:05 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#llc #llcmistakes #entrepreneur #karltondennis