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Video instructions and help with filling out and completing Will Form 1065 Schedule M 3 Taxpayer

Instructions and Help about Will Form 1065 Schedule M 3 Taxpayer

Hello everybody, I'm Attorney Aiden Kramer with the Law Office of Aiden Kramer in Colorado. This is all up in your business. Now, you may be thinking to yourself, "Avoiding the risks of the single-member LLC? I think I've already seen this video." Well, that's right. One of my most popular videos is called "Avoiding the Risks of the Single-Member LLC." It has substantially more views than any of my other videos. However, I hate that video. I filmed it a really long time ago when I didn't have good equipment, and I didn't know how to edit videos or angle cameras correctly. I wish it would go away. So, the purpose of this video is for my own vanity. I'm going to redo it and hopefully phase out the old video. I want to delete it and forget that it ever happened. If you've already watched the old video, I encourage you to watch this one because I'll be talking about the same things but in a different style. I want you to forget about that old video. Okay, let's talk about avoiding the risks of the single-member LLC. In an LLC, the owners are called members. A single-member LLC is an LLC with only one member. The primary purpose of forming an LLC for your business is to provide limited liability protection. This means that the assets of the business owner should be protected from any liabilities of the business. However, there are instances when a court or judge may decide to pierce the corporate veil. This means that the owner becomes personally liable for the business's debts and liabilities. There is a higher risk of piercing the corporate veil with a single-member LLC compared to a multi-member LLC. In a multi-member LLC, there are checks and balances between the...