How to Create an LLC for Uber/Lyft Drivers (Complete Beginner's Tutorial)
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In today's video, I'll go
In today's video, I'll go over everything you need to know about starting an LLC as a rideshare driver whether you work at Uber or Lyft. Starting an LLC as a ride share driver provides liability protection in case you ever get sued and even tax benefits if you have your LLC taxed as an S Corp. This makes it an attractive option for ride share drivers, as it can offer increased protection and financial benefits.
Bizee (previously IncFile): https://startupwise.com/bizee
^
Bizee is the new and improved IncFile — they're the same company and still provide the same services, but with a new name.
ZenBusiness: https://startupwise.com/zenbusiness
If you use our affiliate link, we earn a small commission which helps keep our content free. Thank you!
Our favorite business must-haves:
💳 Best business credit cards: https://go.milevalue.com/business-cre...
🏦 Novo (best business bank): https://startupwise.com/novo
🖥️ Best AI website builder ($3/month using code STARTUPWISE): https://hostinger.com/startupwise
⚙️ Northwest (best $39 LLC formation service): https://startupwise.com/northwestLLC
💰 Payroll with Gusto (get 2 months free!): https://startupwise.com/gusto
👨💼 Best overseas staffing agency (save 80% on payroll): https://paired.so/startupwise
Be sure to watch this video until the end if you're an Uber or Lyft driver who wants to make more money and start a business driving people because I'll show you how you can start your LLC in under 10 minutes using Bizee, which is the platform I used for many years and I highly recommended it for every entrepreneur who is just starting off. Starting an LLC involves registering the business, obtaining necessary licenses, permits and filing tax forms which can be super time-consuming if you try to do it all yourself.
That's why I highly recommend checking out Bizee and going with the gold plan because they'll do everything for you, along with getting your EIN number which you can use to obtain a business bank account and credit. I also highly recommend talking to a tax strategist on whether or not you should start an S Corp, especially if you make over $40,000 to $50,000 per year since you're considered as an independent contractor as a driver. With self-employment, you can hire yourself under your own S Corp and pay yourself a reasonable salary, allowing you to potentially save thousands every year in taxes! If you want to learn more about S Corps, we have videos on the channel that you can check out on the topic.
If you found this video helpful, check out our other videos about LLCs, S Corps, and business formation in general:
How to Elect Your LLC To Be Taxed As an S Corporation (Fast):
How to Elect Your LLC To Be Taxed As ...
Avoid These Common LLC Address Mistakes (A Guide to Setting Up Your Business for Success):
Avoid These Common LLC Address Mistak...
ZenBusiness LLC Formation Review (LLC Setup Walkthrough):
ZenBusiness LLC Formation Review (LLC...
Request New Videos Here:
https://forms.gle/k9TtfauggkEpAWNQA
More tutorials on our website:
https://www.startupwise.com
Thanks for watching! I hope you have a wonderful day!
-Charlie
#LLC #UBER #BUSINESS
Timeline:
0:00 - Intro
0:14 - What Is An LLC?
1:26 - Taxes For Rideshare Drivers
2:24 - LLCs For Uber/Lyft Drivers
3:23 - How To Create An LLC For Your Uber/Lyft Business
6:41 - Conclusion
Disclaimer: Some of the links above may be affiliate links, which means that if you click on them I may receive a small commission. The commission is paid by the retailers, at no cost to you, and this helps to support our channel and keep our videos free. Thank you! All info from our videos is compiled from online sources and our own experience, and we encourage you to do your own due diligence. We appreciate your viewership!
Bizee (previously IncFile): https://startupwise.com/bizee
^
Bizee is the new and improved IncFile — they're the same company and still provide the same services, but with a new name.
ZenBusiness: https://startupwise.com/zenbusiness
If you use our affiliate link, we earn a small commission which helps keep our content free. Thank you!
Our favorite business must-haves:
💳 Best business credit cards: https://go.milevalue.com/business-cre...
🏦 Novo (best business bank): https://startupwise.com/novo
🖥️ Best AI website builder ($3/month using code STARTUPWISE): https://hostinger.com/startupwise
⚙️ Northwest (best $39 LLC formation service): https://startupwise.com/northwestLLC
💰 Payroll with Gusto (get 2 months free!): https://startupwise.com/gusto
👨💼 Best overseas staffing agency (save 80% on payroll): https://paired.so/startupwise
Be sure to watch this video until the end if you're an Uber or Lyft driver who wants to make more money and start a business driving people because I'll show you how you can start your LLC in under 10 minutes using Bizee, which is the platform I used for many years and I highly recommended it for every entrepreneur who is just starting off. Starting an LLC involves registering the business, obtaining necessary licenses, permits and filing tax forms which can be super time-consuming if you try to do it all yourself.
That's why I highly recommend checking out Bizee and going with the gold plan because they'll do everything for you, along with getting your EIN number which you can use to obtain a business bank account and credit. I also highly recommend talking to a tax strategist on whether or not you should start an S Corp, especially if you make over $40,000 to $50,000 per year since you're considered as an independent contractor as a driver. With self-employment, you can hire yourself under your own S Corp and pay yourself a reasonable salary, allowing you to potentially save thousands every year in taxes! If you want to learn more about S Corps, we have videos on the channel that you can check out on the topic.
If you found this video helpful, check out our other videos about LLCs, S Corps, and business formation in general:
How to Elect Your LLC To Be Taxed As an S Corporation (Fast):
How to Elect Your LLC To Be Taxed As ...
Avoid These Common LLC Address Mistakes (A Guide to Setting Up Your Business for Success):
Avoid These Common LLC Address Mistak...
ZenBusiness LLC Formation Review (LLC Setup Walkthrough):
ZenBusiness LLC Formation Review (LLC...
Request New Videos Here:
https://forms.gle/k9TtfauggkEpAWNQA
More tutorials on our website:
https://www.startupwise.com
Thanks for watching! I hope you have a wonderful day!
-Charlie
#LLC #UBER #BUSINESS
Timeline:
0:00 - Intro
0:14 - What Is An LLC?
1:26 - Taxes For Rideshare Drivers
2:24 - LLCs For Uber/Lyft Drivers
3:23 - How To Create An LLC For Your Uber/Lyft Business
6:41 - Conclusion
Disclaimer: Some of the links above may be affiliate links, which means that if you click on them I may receive a small commission. The commission is paid by the retailers, at no cost to you, and this helps to support our channel and keep our videos free. Thank you! All info from our videos is compiled from online sources and our own experience, and we encourage you to do your own due diligence. We appreciate your viewership!
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