Company vs. Trust Structure EXPLAINED SIMPLY (Banking Rules, Ownership, Protection)

Set up a Living Trust with LegalZoom here:
https://startupwise.com/legalzoomlivingtrust/

Form your LLC with Northwest Registered Agent here:
https://startupwise.com/northwestLLC/

In this video, I go over the real difference between a company structure like an LLC and a trust, and I explain it in a way that actually makes sense. If you've heard people say "just put everything in a trust" but you're not sure what that means for your business, your bank accounts, or your personal protection, this video breaks down what each one does, how they work together, and what the banks actually care about when you show up to open an account.

Our favorite tools for LLCs:
💼 Northwest Registered Agent ($39 LLC formation service):
https://startupwise.com/northwestLLC/
🎨 Tailor Brands (Save 35% on all LLC plans):
https://startupwise.com/tailorbrandsllcdiscount/
🚀 ZenBusiness (Launch your business for $0 plus state fees):
https://startupwise.com/zenbusinessLLC/
⚡️ Swyft Filings (Form an LLC in minutes for $0 + state fees):
https://startupwise.com/swyftllc/
📑 Bizee (Start an LLC for free & get a registered agent free for the first year):
http://startupwise.com/bizee/
🏦 Novo (Open up a free business checking account):
https://startupwise.com/novo/
💰 Bluevine (Business bank account with 4.25% APY):
https://startupwise.com/bluevine/
📜 Legal Zoom DBA (Best DBA service):
https://startupwise.com/legalzoomdba/
📈 RCReports (Get a reasonable compensation report if you're paying yourself):
https://startupwise.com/rcreports/
🔖 Trademark Engine (Protect your brand by registering a name, slogan, or logo):
https://startupwise.com/trademarkengine/
💸 Big Think Capital (Get funding for your small business):
https://startupwise.com/bigthinkcapital/

Be sure to watch this video until the end because I'll walk you through how ownership really works when a trust owns your LLC, why the bank still asks for your personal information even when a trust is involved, and the common mistakes people make when they think a trust replaces an LLC or the other way around.

An LLC handles business risk and liability while a trust manages ownership and asset transfer, and most people don't realize they serve completely different purposes. This video explains company vs trust for banking rules, beneficial ownership, probate avoidance, and personal protection. If you're trying to figure out whether you need an LLC, a trust, or both, this is the clearest breakdown you'll find.

For more information on LLCs and business formation, check out our other videos:

Can a Trust Own an LLC? Pros and Cons Explained (Avoid Costly Mistakes):
https://youtu.be/2z851YFKToo

LLC vs Living Trust: What Actually Protects You?:
https://youtu.be/sn3hOZvvFnk

If you found this video helpful, please SHARE it with a friend that could benefit, and also LIKE and subscribe for more videos like this!

Thanks for watching, and I hope you have a wonderful rest of your day!

– Eric

#LLC #Business #SmallBusiness

Timeline:
0:00 - Intro

Disclaimer: Some of the links above may be affiliate links, which means that if you click on them, I may receive a small commission. The commission is paid by the retailers at no cost to you, and this helps to support our channel and keep our videos free. Thank you! All information from our videos is compiled from online sources and our own experience, and we encourage you to do your own due diligence. We appreciate your viewership!

In addition, we are not financial advisors. LLC Deals does not provide tax, legal, or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your due diligence before making any financial decisions.

Видео Company vs. Trust Structure EXPLAINED SIMPLY (Banking Rules, Ownership, Protection) канала LLC Deals