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How to Transform an Active LLC to Passive Business Investment

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LYFE Accounting

I want to share some thoughts on how to turn an active business into a passive business. Because the goal for entrepreneurs is to build a business asset that can create sustainable cash flow for many years which then gives us financial freedom… and at the same time, can set your LLC up for a big exit (or big sell)

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Do the work now, so you can relax later.

Timecode:
Intro (0:00)
#1 Active Business vs Passive Business (1:19)
#2 Get Two Steps Ahead (3:06)
#3 Sacrfice Profits for Passive Income (5:26)
#4 Is "Now" the Right time to go Passive? (8:20)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

posted by ancx2r8