Name: 20多歲如何月入4萬？建立一個副業 (How to make $40K per month in your 20s: Building a side-business)
Uploaded: 2021-01-14T10:17:47.000Z
Duration: 10 min 16 s
Description: 【看影片學英語】數萬部 YouTube 影片，搭配英漢字典即點即查，輕鬆掌握單字發音與用法，長久累積看電影不必再看字幕。

Hey, tackle it here and welcome back to another episode today.

未來進行式

We're going to be talking about how to start and grow a small business.

And we're going to be talking to somebody somebody in their twenties who has found it and multi $1,000,000 business, a company.

And that person is going to help us get all started.

It's past your curfew time not talking about You even start a multi $1,000,000 business.

Now Clement here has started and grown a very successful business in his twenties.

Clement is going to tell us all about how he got this started.

What were the logistics and how to practically get a business going and why it is so useful for young people to be starting small businesses.

He's going to take us all through the steps.

What was this business that you started and tell us all about it?

Our business is called Aldo expert after expert dot io.

It's basically targeted at software engineers who, like you and I who wantto prepare for their coding interviews, especially big tech companies, big startups.

And we provide curated questions like the ones you find these coating interviews and we give video explanations.

Those questions a coating workspace, etcetera, etcetera so you can go Aldo expert dot io slash tech lead If you want to check it out that's right.

You won't make sure you use co Tech lead.

Check him out now Starting a business sounds cool and we are here all the time.

What are the steps that you have to go through?

What are the challenges and how do you concretely get this off the ground?

Yeah, So the first step, I think, is coming up with the idea.

And to be honest, I think a lot of ideas can work.

It's just about finding a problem and then coming up with a solution to that problem and building it and executed.

And so in my case, I was prepping for coding interviews and I was using a bunch of resource is textbooks, websites, online, YouTube, Wikipedia.

And I thought, there's gotta be a better way.

You set up like a sea Do incorporate start partnership.

I ended up having a cofounder, so I contacted with my best friends who happens to be a software engineer is.

Well, I pitched him the idea, and he was on board, and we got it up and running.

The best we wanted from a tax point of youto have things be simple.

So no, Loc was good for us from that point of view.

A supposed toe corporation, for instance.

But we also wanted that limited liability that a partnership a general partnership won't.

Because as I understand that you have a so proprietorship and that is where anyone can actually start business you just start making money, and that's a business already your sole proprietorship.

You can actually form a partnership, say, with multiple people.

But that's still pretty much acts very similar to like a sow proprietorship.

The level above that is you for my L C, which acts more like a corporation where you can pay yourself a salary, you get limited liability such that if anyone sues you, they don't have access to your personal assets is simply the companies standing alone on his own?

And then the company has its own bake account, its own Social Security number for tax purposes.

Everything is very separate, and then it's easier in a way to separate your business and personal expenses.

Aren't there officers of paperwork that you have to go through?

So it's a little bit complicated There few service is like a stripe.

Atlantis LegalZoom rocket lawyer that'll give you like service is to make the all see for you or help you along the way.

We ended up doing it ourselves, going to sort of like old fashioned red Oh, So you just filed all the paperwork on your own?

Yeah, we went to the State Department, and it'll that ourselves?

It's intimidating, but not actually that complicated.

Now I have formed a few Elsie's myself as well.

That scenario is very simple and easy to get this all set up.

You just fill out online Web application press, submit one and don't get l.

What are the fees involved in the sea here?

It's escaping me right now, but it's roughly $202,000.

Something like that might very from status.

And as I understand that you choose a state to incorporate in and then you can actually operate in any other state.

Generally, I will actually register in Delaware, which is very well known for its business friendly laws.

And then you can operate as a foreigner business in other states.

Now we're now, once you have to say L c all set up, How did you find the company?

So we didn't need too much money at the beginning.

So we just put $2500 Eaks up front, me and my cofounder, and that was the company's been self sustaining ever since.

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