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Coffee with Carl
United States
เข้าร่วมเมื่อ 20 ก.ย. 2021
Carl Zoellner, Esq. is a senior attorney at Anderson Business Advisors who specializes in strategic planning for business owners with a focus on asset protection and tax planning. Carl speaks across the country to educate small business owners on the tools available for their investments from legal and tax perspectives.
Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. aba.link/cql
Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. aba.link/cql
California Franchise Tax: LLC vs Statutory Trust
Do you want to dive deeper into this topic and talk to someone on my team? Schedule your free consultation now.
👉 aba.link/vil
Welcome back to another episode of "Coffee With Carl"! In this episode, we dive deep into the often-overlooked aspects of the California Franchise Tax, specifically focusing on LLC fees and the benefits of statutory trusts.
Key Points:
LLC Fees in California: We often hear about the base $800 franchise tax, but the costs increase significantly with higher revenue levels. Learn about the fee tiers and what they mean for your business.
Misconceptions and Clarifications: Many articles and opinions on the internet can be misleading. We debunk common myths and provide clarity on the true costs associated with LLCs and statutory trusts in California.
Statutory Trusts as an Alternative: Discover why Anderson Advisors recommends statutory trusts for clients looking to minimize franchise tax burdens. We explain the flexibility in how these trusts can be taxed, similar to LLCs.
👍 If you found this video helpful, please like, subscribe, and share it with a friend. Your support helps us continue to provide valuable content.
-------------------------------------------------------------------------------------------------------------------
Learn how to become anonymous AND appear as if you own nothing at our Free Tax & Asset Protection Workshop 👉 aba.link/417a2a
Carl Zoellner, Esq. is a senior attorney at Anderson Business Advisors who specializes in strategic planning for business owners with a focus on asset protection and tax planning. Carl speaks across the country to educate small business owners on the tools available for their investments from legal and tax perspectives.
***** Discover Upcoming Events where and learn about the latest Tax, Real Estate, and Stock Strategies 👉 aba.link/allevents
👉👉SUBSCRIBE to Coffee with Carl
aba.link/carlsub
VISIT Anderson Business Advisors for solid financial strategies, tips, articles and workshops to help you grow and prosper.
Call: 800.706.4741
Email: info@AndersonAdvisors.com
Website: AndersonAdvisors.com
Facebook: AndersonBusinessAdvisors/
Twitter: ChooseABA
Instagram: andersonadvisors
LinkedIn: www.linkedin.com/company/anderson-advisors
Blog: andersonadvisors.com/blog
About Anderson Advisors
Anderson Advisors is a business planning and asset preservation consulting firm that provides high-quality services, education and resources to high-networth individuals, families, trusts, real estate investors, stock traders and business owners.
Serving clients since 1997, Anderson Advisors is growing at a phenomenal rate and we owe this success to our people, services and clients.
Disclaimer
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#franchisetax #coffeewithcarl #llc #californiafranchisetax
👉 aba.link/vil
Welcome back to another episode of "Coffee With Carl"! In this episode, we dive deep into the often-overlooked aspects of the California Franchise Tax, specifically focusing on LLC fees and the benefits of statutory trusts.
Key Points:
LLC Fees in California: We often hear about the base $800 franchise tax, but the costs increase significantly with higher revenue levels. Learn about the fee tiers and what they mean for your business.
Misconceptions and Clarifications: Many articles and opinions on the internet can be misleading. We debunk common myths and provide clarity on the true costs associated with LLCs and statutory trusts in California.
Statutory Trusts as an Alternative: Discover why Anderson Advisors recommends statutory trusts for clients looking to minimize franchise tax burdens. We explain the flexibility in how these trusts can be taxed, similar to LLCs.
👍 If you found this video helpful, please like, subscribe, and share it with a friend. Your support helps us continue to provide valuable content.
-------------------------------------------------------------------------------------------------------------------
Learn how to become anonymous AND appear as if you own nothing at our Free Tax & Asset Protection Workshop 👉 aba.link/417a2a
Carl Zoellner, Esq. is a senior attorney at Anderson Business Advisors who specializes in strategic planning for business owners with a focus on asset protection and tax planning. Carl speaks across the country to educate small business owners on the tools available for their investments from legal and tax perspectives.
***** Discover Upcoming Events where and learn about the latest Tax, Real Estate, and Stock Strategies 👉 aba.link/allevents
👉👉SUBSCRIBE to Coffee with Carl
aba.link/carlsub
VISIT Anderson Business Advisors for solid financial strategies, tips, articles and workshops to help you grow and prosper.
Call: 800.706.4741
Email: info@AndersonAdvisors.com
Website: AndersonAdvisors.com
Facebook: AndersonBusinessAdvisors/
Twitter: ChooseABA
Instagram: andersonadvisors
LinkedIn: www.linkedin.com/company/anderson-advisors
Blog: andersonadvisors.com/blog
About Anderson Advisors
Anderson Advisors is a business planning and asset preservation consulting firm that provides high-quality services, education and resources to high-networth individuals, families, trusts, real estate investors, stock traders and business owners.
Serving clients since 1997, Anderson Advisors is growing at a phenomenal rate and we owe this success to our people, services and clients.
Disclaimer
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#franchisetax #coffeewithcarl #llc #californiafranchisetax
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Where are your responses to viewers' questions?
Nonprofit yes formalities yes irs benefits- not-for-profit is not formal no irs benefits must be more to this all
So if LLC offers the flexibility, why file the entity as a Corp? Are there other benefits? I’m in CA
To get the best answer tailored to your specific circumstances, I recommend scheduling a free consultation with my team. Visit: aba.link/carlss
@ done, thank you!
I know the difference between the 2 😢why so many selfish people that nobody wants to give help to others ! Forgive us Lord we’re all going to hell😢
Very interesting. I would imagine 99.9% of title plants would require a person's name on the signature line or other publicly filed docs such as a statement of authority.
I need some cash to open my own business how can Apply for a loan from the state
Excellent information, subbed!
I'm glad you found the information helpful! Welcome to the channel!
As if rent isn’t already a lot , why would I want to add myself a 2.9% transaction fee on top? A 3000 dollar payment becomes 3090 dollars. Unless those points are worth that much in value, I don’t see the point. Pun intended.
Title it in Montana and then once you get the title re-register it in your home state. This way you avoided paying sales tax.
I do not see the double taxation you mention when taking the salary. Dividends on the other hand would be subject to double taxation.
No, No, No. Wrong. It's time to start a holding company.
That Holding company should be held in a trust from what is understand
@@helprehouseourvets6919 That's what they say. Not sure I agree 100%. It depends on who you trust and who you don't. I would go with a Nevada C corporation that I control and is completely separate from my personal tax returns.
The problem is if you are buying a property under a trust, using a loan, (most people need a mortgage to buy a house) will the bank allow you to do so under a trust with a nominee? So the nominee signs the publicly recorded documents?
Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/carlss
Can a sole proprietor be a not for profit
Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/carlss
What about a side by side? I’m not as worried about the tax savings, as it’s only a few thousand. I’m basically just wanting it to be able to be plated to be able to legally drive on the road.
When 501 c3 you work for the error filed anti Christ Government
Do I just put 50% of the one W2 income on each spouses 1040?
To get the best answer tailored to your specific circumstances, I recommend scheduling a free consultation with my team. Visit: aba.link/carlss
I have aggressive debt collectors (lawyers) trying to satisfy a judgment, which I'm currently appealing, through community property. Despite knowing I've been a homemaker for years (since 2013), they're using California Family Law 910(a) to demand my spouse's financial information (we got married in 2014). He had no knowledge of this 20+ year-old debt, and neither the community property nor I have ever benefited from the degree associated with it (student loans from the Swedish government to study in the US, 1999-2003). Are they really able to go after my spouse and our community property for this decades-old foreign debt? I’m struggling to understand the concept of 'commingling' and whether it applies to my situation. No community funds have ever been used to pay this debt.
I would recommend setting up a free consultation to talk about some strategies and how they apply to your unique situation. Sign up here: aba.link/carlss
I didn’t learn 1 thing I didn’t know
Thank you for watching! I'm happy to hear you found the content familiar. If there's anything else you'd like to learn about, I’m all ears!
Thank you for sharing the information on shareholders.
Any time!
@@coffeewithcarlaba You're welcome
~🦾👑💰⚡🏆🏆⚡💰🦾
What type of LLC should we get if I’m married and want to have a business with my husband
Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/carlss
What about a subordination lein? Would it be the same as a mortgage?
Good question! That's a great question. For a more personalized answer, I suggest scheduling a free 45-minute consultation with my team. We’ll provide advice tailored to your specific situation. Visit: aba.link/carlss
Loved this
Wouldn't this be considered a Cash Advance on the cards you are using to pay the other cards?
In the protected series LLC, would I just create a cell name and amend my operating agreement accordingly? Or do I have to file an assumed name?
That's a great question. For a more personalized answer, I suggest scheduling a free 45-minute consultation with my team. We’ll provide advice tailored to your specific situation. Visit: aba.link/carlss
If you were wanting to put a fleet of vehicles into a personal property trust, you could make the PPT a member of the LLC that is the operating business that uses the fleet of vehicles, correct? OR would you want the PPT to own both the fleet and the operating LLC?
Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/carlss
Hey Carl, great content will you add examples with the whiteboard?
Thanks for the suggestion! I’ll definitely consider adding some whiteboard examples in future videos to help clarify the concepts!
Ty
You're welcome! If you have any questions, feel free to ask!
How about if C Corp is via ROBS?
Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/carlss
At some point, taxing authorities are going to see any such cars as being suspicious and they will issue tickets anyway.
What about other real estate property tax exemptions, such as an exception for disability? My son is disabled, we are purchasing a home for him, putting it in a trust, and, in Alabama, you receive an additional property tax exemption, if you are disabled. Just wondering what your thoughts are. Thank you so much.
Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/carlss
What if you have 2 kids and you want to leave one of them the house can the child who the house was left to be sued?
I would recommend setting up a free consultation to talk about some strategies and how they apply to your unique situation. Sign up here: aba.link/carlss
Does ABA do payment plans for setting accounts up?
Connect with my team for a free consultation. aba.link/v7f
If you want to dive deeper into this topic, schedule a free consultation with my team today. Visit: aba.link/50g
👍🏼 thank you
You're welcome!
What if you make 165k and your wife doesn't work?
Reach out to my team so we can discuss this further. aba.link/carlss
Looking forward to see the tax brackets after the elections.
I have took a little break from wholesaling because I can’t seem to find the answer. But would you know if I’m able to wholesale outside of my brokerage office? Do you think I would have to consult with them before I get into this. If it doesn’t have to include my broker that’s fine too I just don’t want to get in trouble in Illinois.
I might suggest you reach out to my team for the best answer tailored to your specific circumstances. aba.link/carlss
Do you want to dive deeper into this topic and talk to someone on my team? Schedule your free consultation now. aba.link/4a9
Do you want to dive deeper into this topic and talk to someone on my team? Schedule your free consultation now. aba.link/7pu
Thanks to Toby and Infinity Investing, all I have in my 401k is Dividend Kings and Aristocrats along will cash.
That's awesome to hear! Sounds like you're on the right track with your investments.
That fee makes this worthless
Thanks for sharing your feedback
This guy doesn't know what he is talking
What if the property were valued below the contribution limit (hypothetically speaking).
I would recommend setting up a free consultation to talk about some strategies and how they apply to your unique situation. Sign up here: aba.link/carlss
I cannot find the due on sale video mentioned in this video
This video might help th-cam.com/video/PuEF3b8MliM/w-d-xo.html
Do you want to dive deeper into this topic and talk to someone on my team? Schedule your free consultation now: aba.link/yi3
Do you want to dive deeper into this topic and talk to someone on my team? Schedule your free consultation now. aba.link/htc
Do you want to dive deeper into this topic and talk to someone on my team? Schedule your free consultation now. aba.link/zbb
Every single U-Haul truck in the entire country has Arizona plates. What is the specific legal difference between driving a U-Haul truck and driving a car registered to an LLC in Arizona (or Montana...)? In both cases you're just driving a company vehicle, albeit an out-of-state company. Is it because U-Haul's plates are apportioned?
MY exact question! however, what does "apportioned" mean? Does U-Haul have DBA's in the remaining states or does apportioned give the legal means? as I also notice, every U-Haul truck no matter the state has AZ plates so there is a business case for this
I currently use a community bank and a credit union. I must say that I prefer a credit union for better service.
Thank you for sharing your feedback! I think it's valuable to hear about preferences.
glad your back. Hopefully a speedy recovery.