Getting set up with an LLC is an excellent move for your business, but you want to make sure you understand all of the important dates of your first year in business. In this video I walk you through 6 things you must know in that first year of owning your LLC.

To get an updated accounting calendar you can do so by opting in for the LLC checklist and checking out the bonus section which will have this year's accounting calendar.

https://bizbuddy.com/llc-checklist/

The Accounting Calendar will cover important dates in your first year of owning your LLC.

Then take the following steps:
1. Save the image to your phone
2. Mark it as a favorite for easy reference
3. Add 888-532-1317 to your contacts and change the name to BizBuddy
4. Reply to the autoresponders if you want automated texts

One of the questions in the text service is it will ask you the date when you started your LLC. This can be found on your original formation documents. It's important to provide this date so we can send you a reminder to renew with your State.

Resources mentioned in the video:

Gusto Payroll (referral link) ➡️ https://thebizbud.co/gusto
(you get a Visa Debit card worth between $100-$800 with my referral link 30 days after you run your first payroll)

Bizee (Formerly Incfile) LLC Formations (paid link) ➡️ https://bizbuddy.com/bizee-llc
Great service for starting your LLC if you haven't done that already

Thank you for using our affiliate link as we earn commissions if you use our links. There is no additional charge for you and we make a $20 donation to charity on your behalf when you use our LLC formation links.

Table of Contents:
0:00 Intro
1:50 Day 366
2:12 Pass-Through Taxation
2:40 Typical W2 Paystub Breakdown
4:55 Self-Employment Taxes
5:25 Hypothetical 1st Year
7:35 Quarterly Estimated Taxes
9:55 15th Explained
10:54 Tax Extension Dates
11:20 Calendar and Text Reminders
12:43 W2 Filings
14:05 1099 Filings
15:25 Tax Planning Window
17:30 December 31st and 401(k)
19:20 LLC Renewal?

#LLC #Year1 #importantdates

Disclaimer- I am not an attorney or a CPA, just a small business owner who has researched this information thoroughly while setting up my own LLC (S-Corp now). This is meant as educational information but now legal advice in any way. If you need legal advice please consult with your attorney and CPA on the best fit for your needs.