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Everyone says “just start an LLC” but what does that actually mean? In this video, I break down what an LLC really is, how it works, how much it costs to start one, and when it actually makes sense to form one. I cover: • What an LLC (Limited Liability Company) actually does • What an LLC does NOT do • How LLCs are taxed by default • Common misconceptions about LLCs and tax savings • Typical formation costs by state • When it makes sense to start an LLC and when it doesn’t An LLC is a legal structure designed to provide liability protection. It is not automatically a tax strategy, and it does not magically reduce your tax bill. Understanding the difference between legal structure and tax classification is critical before forming one. If you found this helpful, subscribe for straightforward tax education explained clearly.