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Don't Make These Six Common Mistakes in Your Single Member LLC!

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All Up In Yo Business with Attorney Aiden Durham

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Starting an LLC? Then don't make these common singlemember LLC mistakes if you want to avoid piercing the corporate veil or just unnecessary hassle.

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If you are not a current client, you acknowledge that we have no obligation to maintain the confidentiality of any information you submit to us via email, unless we have already agreed to represent you or we later agree to do so. Thus, we may represent a party adverse to you, even if the information you submit to us could be used against you in a matter, and even if you submitted it in a goodfaith effort to retain us. If you would like to inquire about or retain our legal services, you must first schedule a consultation at https://www.180lawco.com/contact.

Visit https://www.180lawco.com/services for more info on our services and pricing.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 1580 N. Logan St., Ste 660, PMB 92925, Denver, CO 80203. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorneyclient relationship with 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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#AllUpInYoBiz #singlememberLLC #LLCmistakes

00:00 Intro
00:44 Consequences of these LLC mistakes
02:25 Forming the LLC in the wrong state
06:42 Making an S Corp election too early
08:05 Using a PO box for the business address or registered agent address
10:51 Not following corporate formalities like an Operating Agreement
12:24 Not signing contracts on behalf of the LLC
13:48 Not keeping personal and business finances separate
15:05 Outro

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