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what's good it's creative here back with another vid d oh so guys today i'm gonna be talking about how you can get your llc for free using inkfile.com i'm literally gonna take you from start to finish i'm gonna make i already filed for my llc but i'm gonna go make mike jones llc so you guys can see the entire process and stick around to the end because i'm gonna tell you what to expect after you file with ink file and what you can expect and what you need to do on your end to make sure that everything goes smoothly and that you're not wasting your time so thank you guys for watching and let's get into the video so what happens is you get to the ink file home page it's the first thing here it says launch my business you click on launch my business it's going to take you to the first page of the process um so the entity type like we said we're talking about llc so we're going to change the entity type to llc and the state formation of state of formation i'm in new york so we are going to choose new york all right so now you see i told you it was free and it is free and i want to talk to you about what it means to be free to register your llc so the silver package is the free package which is zero dollars now you see the state fee is 205 dollars for new york state new york state is on the high end so no matter who what service you go through no matter what you want to do you are you have to pay your state fee there's no way around it trust me i did a lot of research but you have to pay your state fee what is free is the process of forming your llc so like the gold package is 149 i checked the lingua legal zoom i think their lowest package was seventy five dollars to to format your llc so ink files like you're doing it for a hundred percent free so while it says 205 dollars here you're not paying for any fees for the services so it's free i took a list i made a list of states that we're just going to go with the silver package but like if you live in states like arizona iowa arkansas kentucky colorado michigan hawaii mississippi missouri montana new mexico your state fees are under 50 so it's really not bad and then if you live in california in a few other states they're under a hundred [ __ ] that's not good so now what you need to do is i recommend that you have your ein before you file for your llc um it's super simple you can get it like pretty much instantly um and the they're like charging you seventy dollars where you can get the ein for free so for me i mean for your state obviously like i said i'm basing this on new york state you would just put ein for whatever your state is nys is just short for ny state um you would it takes you to the government website and it's just really simple for you to go through and create ein for free so don't pay a service to do that all this stuff i said no things i would pass on this opportunity because again i'm teaching you how to do this for free so i'm gonna be the only member of this llc so which is nice you can just click on this information and it pre-loads it for you so like i said it's important to enter your information correctly the first time so that you can go through this process smoothly so yeah so we're going to go ahead and save and we're going to hit next because i'm mike jones is going to be the 100 owner so for the register agent so let me talk to you guys about what a registered agent is a registered agent receives and forwards important legal and tax correspondence on the behalf of the company so if you have something like god forbid you had something happen and someone tried to sue you or whatever you don't want to be responsible and again i'm not telling you what to do i'm just telling you what i've done in my experience i don't want to be responsible to have to handle that kind of stuff so for inkfile they will give you um be a registered agent free for the first year that gives you time to get your money up so if you do need to pay for a registered agent or if you you learn more after the fact and decide that you want to be your own registered agent or you get a accountant or whatever you can change that but for the first year they give you the service for free so i chose to use their free service for the register agent all right so now this part is where you get to the ein partner so this is where like i said you need to have your ein prior to doing this um so that you don't have to pay the 70 dollars for something that's literally free um so you say no i don't need inc file to obtain my ein so we can continue this to be a free service and like i said your ein is pretty much like your business social security number um so after this um this is like they're giving you an offer to set up a business bank account through bank of america i personally am not going to use them because they charge monthly fees i did find a bank that did not charge monthly fees i'm not going to say which bank but ultimately i think you should do your research on that to find a business bank account that's going to work for your needs um so i just selected not at this time and continued on with the process okay so i did electronic delivery again that's free as long as you make sure you like i said enter your information properly the first time you'll get get it directly to your email and they'll send you other correspondence that's actually really helpful and not just like annoying mail that you have to unsubscribe from um so the free tax consultation i selected yes for this it was free 30 minutes that they set up and there a number is going to call you um let me see if i can have the phone number here still it was uh i think it was from bountiful utah it was a 385 number that's the number that called me to set up that tax consultation so if you see that number answer the phone very very helpful um it really answered a lot of my questions because my llc is going to be for a business um econ business interior design and for my youtube channel so they answered a lot of questions that i had so it was really really really great and it's free all right so let's see here yes so now this is they're letting you know that you need two other licenses for your state um to do business now this part um again i wouldn't pay them to do it because this literally cost like i think it cost me like 19 18 to get my business license and a few other things so again this is state specific so look into what your state requires for you to run a business and don't let me don't just go off what i'm telling you about filing your llc so again this is to get it for free so we're going to skip over this and say no thanks i'll work on it myself all right so at this point you're pretty much there like literally you want to make sure again make sure a hundred percent that the information that you put here is correct because once you file for your llc you cannot change it and with the service is great they give you 24 hours after filing to go over the information make sure everything is correct and if you need to go back and change something you have 24 hours to do so all right and here we are we're at the final page of the proces
Thanks for your comment Fallon Villeneuve, have a nice day.
- Pamella Dubiel, Staff Member
hey guys welcome back to the channel so a question that i get all the time is charlie what is the best way to start an llc so in this video i'm going to show you the best easiest and most affordable way to start your llc today this is exactly how i've created my business entities and it's crazy because you guys can literally set up your llc in like five or ten minutes so the first part of the video is me just going over what llc's are and why they may be beneficial to you as an entrepreneur or small business owner the second part is going to be me taking you step by step through inc file which is the website that i use to set up all my business entities so if you do want to skip directly to that part i will put the time code down below right now so without further ado let's get started so firstly what is an llc an llc is a type of business structure that stands for limited liability company it's perfect for startups and entrepreneurs and i always tell people if you want to take your business seriously it may be good to start an llc because there's so many benefits first of all they limit your personal liability what this means is that if your company gets sued they can't come after your personal assets creating an llc also allows you to raise capital from investors and of course they do carry some big tax advantages yeah diving a little bit more deeply into the whole limited liability part if your business does something wrong and they actually get sued by someone then only the assets that are inside that llc are at stake so this means that things like your house your cars and any other personal assets are safe that's where the term limited liability comes from now if you are creating a business and you are looking for outside funding llcs allow you to raise the outside capital and of course llcs can have very specific tax advantages rather than starting a c corporation which actually gets double taxed with an llc this is called a pass-through entity so you're only getting taxed one time now i'm not going to go into too many of the details about the whole taxation of llcs because you can be taxed as an lc or as an s corp but just know that when it comes to this tax stuff i recommend talking to your accountant and figuring out what works best for you yeah for 99 of you guys out there who are starting your own business i'd say an llc or an lc uh taxed as an s corp is going to be right for you it's very easy and affordable to set one up so in the next section i'm going to actually walk you through the whole setup process so i'm here in ink files main page you guys can get to this link by clicking on the link in the description below and what i'm going to do is i'm going to come up here and click start my business so it's going to take us this page where it's going to allow you to actually register your business entities so first i'm going to click entity type and i'm going to select which one i want we're going to be doing an llc and then you're going to select your state of formation so it's going to be a little bit different for each state but most of things are going to be the same i'm in california so i'm going to click on that here it's going to take us to the different i guess plans that they have so you have the silver one which is 75 this is basically completely free because you're only paying the state fee of 75 bucks no matter what you do you will have to pay the state fee so if you do want to you know not pay anything then you guys can choose this one and it's gonna come with pairing and filing the articles of organization it's going to allow you to do unlimited name searches and it's going to give you a free registered agent service for one year now that is not the most popular plan it's actually not the plan that i recommend so when i set up my business entities i always used the gold plan this one is a little bit more comprehensive and it just makes the whole thing a lot lot easier so especially if you're just doing this like this is your first time making a business entity then you know this one's probably going to save you a lot of time and headache so yeah this one is 224 and the package fee is 149 so that's basically what you're paying to inc file to set this up for you and then the state fee is about 75 which you have to pay this one's going to include the same things as the silver except it's going to actually automatically create an ein business tax number for you so that's going to save you some time it's going to file the irs form 2553 it's going to actually give you a bunch of these like documents like the operating agreement the banking resolution all these things are pretty cool to have and they just save you a lot of time so honestly in my opinion i think this one is probably the best for most of you if you're down to do all this stuff by yourself and figure it out then yes you can save that extra 149 package fee but as a business owner you want to focus on on building your business not all this really boring stuff and of course they have their platinum plan this is their most expensive plan but also most comprehensive this one's 374 dollars at the moment and that includes the package fee of 299 dollars and the mandatory 75 dollar state fee this one's going to be just like the gold plan except that you're going to have a little bit more support you're going to have expedited filing and you're going to get that domain name and business email so for this one i'm just going to go ahead and select the gold package because i think that's going to be the right one for a 95 percent of you guys watching this video so it's going to have you enter in your contact information as well as your mailing address so i'm going to do that right now but so after all that is entered in i'm going to click next it's going to process the information and now in the next section it's going to allow you to select your state filing time now the original time it takes for california is around four weeks it might change a little bit for depending on what state you guys are in but they are going to have an expedited filing option that you can add on as well so if i want to just keep the four weeks filing time with the estimated formation date that is right here then i can just select that or if i want the faster five day business filing time i can go ahead and select that so assuming that i don't care too much about the filing time then i'll select that but if you are in a rush then i would go ahead and select the faster one here it's going to allow you to enter in your company information so this is stuff that you'll want to at least brainstorm beforehand so i'm just going to enter in a biz entity prep services just as an example since i'm not actually setting up this llc right now then i'm going to select the designators so you can choose any of these does not matter but i'm just going to select this one and it's going to give you a preview of what your company name will display as so in this case biz entity prep services llc then it's going to have you select your business type or industry so for this one let's just say it's account acc
Thanks miguelajavier5 your participation is very much appreciated
- Pamella Dubiel
About the author
I've studied complexity economics at University of Massachusetts Global in Irvine and I am an expert in philosophy of space and time. I usually feel melancholy. My previous job was makeup artists - theatrical I held this position for 4 years, I love talking about pyrography and yodeling. Huge fan of Brendon Urie I practice snooker and collect dolls.
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