GET A BUSINESS

@brandonthomasofficial

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IRS.govirs.gov

Pay your taxes. Get your refund status. Find IRS forms and answers to tax questions. We help you understand and meet your federal tax responsibilities.

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Why it worked

The video provides a clear, actionable, and free method for obtaining business funding, which is a common pain point for entrepreneurs. It breaks down a complex process into simple steps, making it highly valuable and shareable.

Summary

This video explains how to get business funding by first creating an LLC on IRS.gov and registering it with the state. After establishing a business bank account and depositing personal paychecks into it for 3-6 months, one can apply for a line of credit from companies like Cabbage or Fundera based on business cash flow.

Structure

1Create LLC on IRS.gov
2Register LLC with state
3Open business bank account

Original caption

Nobody Tells You How to Get Business Funding… Here’s How Most people think you need money to start a business… But the truth is.. you need a strategy to get funding. There are multiple ways to fund your business: 💳 Business credit 🏦 Loans and lines of credit 🤝 Partnerships 💰 Private investors 📈 Revenue-based funding The key is understanding which option fits your situation. ⚠️ Funding isn’t “free money” — make sure you understand the terms before taking on capital. 👉 Save this and send it to someone starting a business. #EntrepreneurTips #BusinessFunding #StartupLife

More from @brandonthomasofficial

Product placement

IRS.gov: acts - website for creating an LLC, which is a necessary step for business funding. Removing it would change the video's instructions. Cabbage: appears - mentioned as a company that provides lines of credit. Removing it would not change the video's instructions. Fundera: appears - mentioned as a company that provides lines of credit. Removing it would not change the video's instructions.

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On-screen text

GET A BUSINESS GO CREATE YOUR LLC ON IRS.GOV YOU CAN DO IT FOR FREE GO STATE THEN ONCE THAT YOU'RE GOING TO GO TO THE BANK EIN LETTER THAT YOU FROM AN ONLINE PDF AND YOUR LISTING YOUR STATE THAT A BUSINESS ACCOUNT DEBIT CARD GOING IS TAKE YOU GET PAYCHECK AND DEPOSIT BUSINESS AFTER 3 TO 6 MONTHS ENOUGH INCOME ACCOUNT TO GO TO LIKE CABBAGE FUNDERA FOR A LINE OF CREDIT BASED ON CASH FLOW

Transcript

Here's how to get business funding for a business. First, go create your LLC on IRS.gov. You can do it there for free. After that, go register it with your state. Then, once you've done that, you're going to go to the bank with that EIN letter that you printed off from an online PDF and your listing from your state. When you do that, the bank is going to give you a business bank account and a business debit card. Now, all you're going to do is take the money that you get on your regular paycheck and deposit that into your business bank account. After three to six months, you have enough variable income in that account to go to companies like Cabbage or Fundera for a line of credit based on your business cash flow.