Welcome back in this video, we're going to be talking about your business and your business structure. Since you're going to be going into other businesses, you're going to be representing your business. It's important that other business owners see you as a competent and confident business person that, you know, knows what they're doing and has been doing this for a while. Okay? So even if you're first starting out, we want to create the impression that you've been at this for a while, and you know, what you what you're doing. And if you've been going through courses and been involved in internet marketing for a while, then you certainly do.

Okay, this may be your first time walking into a business, but it's certainly not your first time running a social media campaign or creating a Facebook page or, you know, driving traffic to a website. Okay, so that's where we're going to speak from we're going to speak from that place of experience and competence. But a few things we need to do to set up our business to make sure That we're coming in as professional as possible. And that we kind of begin with the end in mind. So the first thing we're going to talk about is your structure. So you can structure your business in many different ways you can structure your business as a sole proprietorship, as a partnership, if you're doing this with someone else, as an LLC, or a corporation.

Okay, and we'll talk more about each one of these, we'll dive into each one and you know which one you may want to go into. So the first thing we're going to talk about is your name. Okay? So you can trademark your name if you like. So, you know, no one else can use it. But that's typically something that you may want to do if you have some, you know, intellectual intellectual property that you're really trying to protect.

But you will want a domain, okay, you're going to want your own domain, you're going to want this for a couple reasons. One is because you're going to want to have your own website. When people come. When you meet people in businesses and they want to learn more about you when you're gone. You're no longer there to pitch. Then they're going to go Go on your website, okay?

And your website's going to be something that you're going to set up, that's going to tell them all about you. Okay, and for that, you'll need a domain, you also need hosting. Now, even if you don't know how to set up a website, there's lots of places you can go to have someone set up your website for you that are very easy. It's very easy to do. Okay, um, you can have someone just set it up one time. Or if you want a dynamic site, you can, you know, go with a company or a person that can set that website up for you and they continue to, you know, run that website for you.

You need to decide on your structure, which we're going to get into, you'll need to get a tax ID, okay. You don't need to set up a company bank account, okay? And you'll need to do that in this in this order. Okay, because you can't set up the company bank account. Without the tax ID. You can't get the tax id without a structure, okay, and you can't get the structure without a name.

Okay, and all this can be done very easily at Legal Zoom. Okay, it says Legal Zoom, but it's Legal Zoom, ZO n As a married.com and@legalzoom.com it's a very easy way to file articles of incorporation. Okay, it's much less expensive than hiring an attorney. Okay, so LegalZoom is great. Depending on what state you're in, the prices will change. Okay, but going through LegalZoom to set up your business, it's just a really quick and easy way to do it.

Here in California, I think I set up a business for about 300 bucks. I mean, it wasn't, it wasn't that crazy, okay? But it's something that you'll want to do if you want to, you know, practice in your state, you want to make sure that, you know, you're protected on on all these things, and we're going to get into exactly why. But you're also going to want to have good, you know, tax advice, you're going to want to talk to attorney and CPA. You're going to want to get advice on filing taxes in your state. Okay.

A couple reasons to do this, is you're going to protect your assets. You're also going to make sure you don't overpay on your taxes. Now you may be thinking thinking okay if I'm just now getting started all wait until I you know I need to pay taxes or I have you know money before I get some tax advice. Well take it for me that this is something that you want to do from the beginning, okay? You want to set up your business with the right advice and the right people behind you, you want to have a good team and LegalZoom is great as far as setting up your business, but they they're not lawyers, and they don't offer any legal advice. They don't really offer much tax advice either.

So you want to make sure that you have you know, even if it's a low level accountant, maybe some hate h&r block who deals with businesses, when you're first starting out, and then you can scale up when you have a bigger business. You want to start with With this in mind, okay? So you always want to have the right advice going forward. You want to set all this stuff correctly, and I'm not a CPA. I'm not a tax attorney. So you're going to want to make sure that you go and talk to someone in your state specifically, about how to set up your business.

I can give you