Do I Need An LLC To Start A Credit Repair Business?

I built Credit Repair Cloud from nothing, okay? It now makes millions of dollars and people become millionaires with it. But I built it from nothing. I built it knowing nothing about software or how to run a business. And I didn't do it on credit. I don't have wealthy parents. I didn't really have any support at all. In fact, at the time, I was in show business and everybody I knew, all my friends thought I was nuts to do this. It took a long time. It was really hard. But I know how to do hard. I mean, I left home at 13 and I juggled on street corners just to make money so I could eat okay. When I started Credit Repair Cloud, it was because of bank error. Nearly ruined my life. And after figuring out how to solve it, I wanted to make it easy for other people to be able to solve their credit issues too. And then to be able to start a business helping others to solve their credit issues. But when I started it, because I didn't have any money, I had to do it by bootstrapping and living on a shoestring top Ramen budget. Okay? That's how you build a business from nothing. I learned how to save money and build a business one dollar at a time. And you can, too. Now, I imagine money is probably tight for you, too. So in this episode, I'm going to tell you the least expensive way to legally launch your business. So stick around.

So the big question is, how can we take our passion for helping people with their credit and turn it into a successful business without taking loans, without spending a fortune by bootstrapping it from nothing so we can help the most people and still become highly profitable, that is the question, and this podcast will give you the answer. My name is Daniel Rosen, and welcome to Credit Repair Business Secrets.

If you are ready to start your credit repair business, but you have no idea how to, or maybe you don't have any experience in credit repair? I invite you to click the link below this video and join our Credit Hero Challenge, where in just 14 days, you're going to be certified in three areas of credit repair. You're going to learn how to start and grow your business, or all for less than it costs to take your family to McDonald's tonight. Okay? And if you're new to this podcast, or if you're watching on YouTube, be sure to click to subscribe because I don't want you to miss any episodes. Now, starting a business, it doesn't have to be expensive. You can start as a sole proprietor, which costs nothing, or you can Be an LLC or a corporation, and those will cost you money. It's all up to you. Now, if you're just starting, I recommend that you save money, get your LLC later. Get it? When you're making enough money to actually need the tax benefits. And this way you do this, the way you do this on the cheap, is to start as a sole proprietor.

Okay?

This is super simple and it's totally free. The only requirement is to have your full name as part of the business name. Okay? What I mean is if my business is called the Green Gardener Lawn Mowing Services, then I have to file a dba. But if I call my business Daniel Rose and Lawn Mowing, then it doesn't cost me anything. And in most cases, you can start a sole proprietorship without even registering with the state. Now remember, each state may be different, so you're going to want to check your state by doing a simple Google search. Now, let's say you're listening to me, you've already started your business, but you haven't chosen a legal structure yet and you named it something completely different than your own name. What do you do? Well, that's okay. Like I said earlier, if you want to still file as a sole proprietor until you start making enough money to need the tax breaks, then all you do is file for a DBA with your county. Okay? Here in LA county, that costs about $30. So it really doesn't have to be very expensive or complicated. You want to keep this stuff simple if you're just starting and on a shoestring budget. See, in the end, what matters is that you don't spend money that you haven't made yet, okay? Don't make launching your business more complicated than it needs to be. And don't cause extra work for yourself that's not necessary. And if you're just starting and you want me to hold you by the hand as you launch your very own credit repair business in just a couple weeks, I want to invite you to join our upcoming Credit Hero Challenge. We've got another one starting in a couple days, so grab your spot right now@creditherochallenge.com and if you're finding value in the things that I'm sharing on this podcast, click below to subscribe. Okay? And if you're listening on YouTube and you're feeling kind, drop me a comment, give me a thumbs up rate and review me, because this is a new podcast and I can use all the help I can get. And I will see you on the next episode. So until then, be a credit hero and keep changing lives.

Want a fast track to creating an amazing business that helps people, changes lives, and makes you a great living in the process? Then I'd like to invite you to my free online training@creditcreditrepaircloud.com freetraining in this free training, you will learn how to get clients willing to pay you even if you're just starting out, how to get easy credit repair results without being an expert, and how to get all the clients you'll ever need without paying for advertising. Again, this training is absolutely free. Just visit creditrepaircloud.com freetraining.