Do you Need LLC to Start a Vending Machine Business? In this video, I will talk about Vending Machine LLC, EIN, License, Permits, Registration and regulations.

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You don’t necessarily have to designate your vending machine business as an LLC, but it’s usually recommended. The great thing about an LLC is that your personal finances and property is protected in case of any legal action against you, and the profits from your business become your personal income rather than your company’s money, thereby saving you from getting taxed twice on that income.

LLCs are flexible and scalable, which is great for the vending machine operator as the business grows. And it’s simple — unlike a corporation, you won’t need to have a board, shareholders, officers, or other bureaucratic entities. Plus, it makes tax time a breeze. The profits or losses your business incurs pass through the business to the owner’s personal tax return. (This is called “pass-through” taxation.)

WHAT ABOUT OTHER LICENSES AND PERMITS?

Be aware that depending on your state or local municipality’s requirements, there may be other licensing and permit requirements to consider. Examples include a beverage license (if your machines sell beverages), food service license, inspection certification by the local health department, and more. Your best course of action is to get in contact with your city or state’s licenses, permits, and tax board to learn more.

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If you wanna share anything with us about this video or wanna ask any questions, make sure to comment below and we will get back to you as soon as we can.

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►How to Pay Yourself as a Single Member LLC: https://youtu.be/z9DUE5rjlpQ

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►Single Member LLC Vs Multi Member LLC: https://youtu.be/YvlG4Kh3bkk

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