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In this video tutorial, the host addresses the frequently asked question about starting an LLC (Limited Liability Company). He outlines the simplest and most cost-effective method to create an LLC, revealing that the process can take as little as five to ten minutes. The video is divided into two main parts: the first part explains what LLCs are and their advantages for entrepreneurs and small business owners. The second part involves a step-by-step guide using IncFile, a platform he recommends for setting up business entities. A time code is provided for viewers who wish to skip directly to the procedural section.