I recently stumbled upon your videos—specifically The Trifecta—a few weeks ago on YouTube, and I’ve been hooked ever since. I’ve been sharing your content with family, friends, and even my 14-year-old son, hoping to help build your younger fanbase early.
I’d like to become a regular subscriber as I begin my entrepreneurial journey. However, like many immigrants, I face limited resources to afford some of the services necessary to start and grow a business.
Recently, I watched your video “9 Mistakes to Avoid with an LLC.” As I followed along, I began realizing that I’ve made some of those mistakes myself—and I’m wondering if they’re reversible.
Here’s my story:
In 2023, I set out to start an online marketplace for car services. I live in Massachusetts, but a friend advised me to register my LLC in Delaware, which I did, and I also opened a business bank account. Unfortunately, the platform was never developed, and the business never took off as planned.
As a result, there were no transactions in the business bank account except for a $1/month iCloud subscription charged to the business credit card, which I’ve been paying off monthly from my personal account. For the past two years, I also have not filed a business tax return.
Now, I’ve found a small cleaning business operating in both MA and RI that I’m considering buying with the help of a bank loan. But after watching your*“9 Mistakes to Avoid with an LLC,"* video, I promised myself I would ask for your advice before making any decisions.
My question is: Should I register a new LLC for this acquisition, or can I use my existing Delaware LLC to complete the transaction?
Any advice will be much appreciated
Thank you
tony