How do I set up an LLC for my podcast?
Six Basic Steps to Start an LLC
- Step 1: Select Your State.
- Step 2: Name Your LLC.
- Step 3: Choose an LLC Registered Agent.
- Step 4: File Your LLC’s Articles of Organization.
- Step 5: Create an LLC Operating Agreement.
- Step 6: Get a New EIN or Transfer Existing EIN.
Can my CPA set up my LLC?
An attorney can deliver this advice, a CPA cannot. While the documents to file for LLC status might seem direct at a glance, they can involve tricky legal issues that are buried below the surface in legal language. If there are issues that apply to your business, an attorney can handle them for you; a CPA cannot.
How do I set up multiple businesses under one LLC?
Create an LLC Holding Company With Individual LLCs Under It. Another option for running multiple businesses is to create individual LLCs for each of the businesses and then put them under one parent LLC that acts as a holding company.
Is ZenBusiness good for LLC?
Choose ZenBusiness if you want high-quality, affordable business formation services: ZenBusiness is the best LLC service if you are looking for great customer support, value, and affordable business formation services. ZenBusiness has straightforward, competitive pricing and plans.
Does a podcast need to be an LLC?
It really depends on how risk-tolerant you are. If you’re worried about your assets, you might want to form a corporation or an LLC sooner rather than later. But if it’s just you, making your own podcast without aggressive monetization plans, you’re probably okay. Time for an LLC!
What should you not do on a podcast?
If you’re thinking of starting a podcast, here are a few mistakes I’d recommend avoiding:
- Spending too much money.
- Believing LibSyn is the only hosting option.
- Not respecting your niche.
- Not using a subtitle.
- Not actively collaborating with other podcasting hosts.
- Having unrealistic expectations.
- Inconsistency.
Do I need a CPA for my LLC?
Most LLCs only need an accountant when they become profitable enough to justify the additional expense of hiring them.
Can I open another business under my LLC?
Yes, you can operate as many businesses as you want under one LLC. Since an LLC can serve any business purpose, that means it can also serve every business service you want it to. Even if you have many different businesses, you can technically run them under the same LLC.
Is it better to have multiple businesses under one LLC?
An Increase in Potential Risk The advantage of an LLC is the limited liability it affords its owners. When you run two separate businesses under two separate LLCs, the assets and income of each individual company is also protected from any liability risk which might affect the other company.
Do Podcasters pay taxes?
If the IRS classifies your business as a hobby, you’ll have to prove that you had a valid profit motive if you want to claim those deductions.” Charles said, “If podcasting is a hobby, a podcaster can only deduct up to the amount of income the hobby generated.