Charles NoonanPresident, Landbank University · Real Estate Developer & Instructor

Attorney Explains BEST Business Structure for Your LLC!

21 Jun 2025 · 1 min

Watch on YouTube

0:36

A short YouTube video by attorney Charles Noonan advising small-business owners on properly structuring an LLC. Key points: form an LLC, obtain an EIN, have an operating agreement and business bank account, and strictly follow corporate formalities (file annual reports, keep personal and business finances separate). The speaker emphasizes treating the business like a real corporation and gives everyday examples of commingling to avoid.

Chapters

What's the benefit of having you, an attorney, actually structure someone's business? Well, your business structure is more than just an llc. So your business structure needs to comprise of an llc, ein operating agreement, business bank account. And then we need to what I call, run your business like it's Walmart. So we need to follow the corporate formalities. So filing your annual report, not mixing personal and business money, not taking the business card and getting your nails done, going to Fashion Nova, getting a haircut, like, run it like it's a real business.