This should really be taught on schools but aren't ! Avoiding these mistakes will save us time and money, i'm too currently setting up my llc on LegalMake. Thank you.
Education systems in America are and were then designed and modified by Rockefeller in the early 1900's to educate people on how to get a job for someone else's business, not to be successful entrepreneurs themselves. That has never changed in over 100 years since then, and therein lies the problem. It was never meant for anyone else to become successful business owners, that's not what the education system was designed for. Today, the majority of massively successful business owners are college dropouts, or less even. With the rare exception of them being a college graduate of a bachelor's or higher degree program, which teaches them how to be exceptional employees for someone else. Unfortunately, that knowledge doesn't necessarily transfer over into economic wisdom and it certainly doesn't reveal the economic needs of a current market from a business perspective that enables entrepreneurs to be successful. It really takes a personal choice and dedication to decide on purpose to play the leadership role of a business owner, as opposed to taking the easy route of remaining an employee for someone else, and I'm afraid the system was designed that way from the beginning to a large degree. The beautiful thing about the system is, if you want to be a successful business owner, you can be.
I came into these comments to say the exact same thing. He’s tackling so many things that I’ve seen other coaches leave out completely, or describe it in a quick/gimmicky, shorthanded way making it harder to understand.
My man is a legend. I have a computer engineering degree, understanding isn’t my issue, it’s finding condensed, straight to the point, factual information, that isn’t hidden behind a paywall. If I could hire you in NJ, I would.
My husband and I almost made one of the most common mistakes and tried to buy a house before starting an LLC. Thankfully we did our research and are now going to start an LLC first. Thank you!
I'M OVER 50 YEARS OLD AND FEEL LIKE GOING TO SCHOOL WAS A BIG WASTE OF MY TIME NOW I HAVE TO PLAY CATCH UP TEACHING MY YOUNG MEN HOW THIS WORKS ANYWAY THIS IS IN ALL CAPS BECAUSE I'M READY TO GET STARTED NOW !
If school was a waste of time back then, imagine how wasteful it is now... I remember my history teacher having section on learning about cereal kilers... wtf...
I've been in business classes. Heck, I've ghostwritten a couple of articles about types of business filings, years back. But I've never seen these topics laid out so comprehensively & made so easy to understand! I'm an unhoused disabled returned-to-college student now, about to start a vending business specifically to serve & help my homeless peers, & I can tell this channel will be a really helpful resource that I'll be revisiting often. I'm so glad I stumbled across this video. Thanks for your fantastic work!
At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month! 🥳 It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Karlton, fyi my emergency fund is also a done deal! by *Linux Tech Corps* lol, i didn't made it myself
Karlton - may I suggest you make *850 financial assessment* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
You're my LLC guru ❤ just filed today; long-held since 2014! Family needs came first but good fortune to come across your channel for the real advice at the right time. Also, love the great energy, I have to watch in bits, because I'm motivated - thank you!
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *web* *invader* *net* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied
Karlton - may I suggest you make *WEB* *INVADER* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
Karlton - may I suggest you make *WEB* *INVADER* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
Bro! This is gold! You answered all my questions. You helped me with my LLC and guided me in the right direction for tax purposes! I really appreciate your work. Thank you!
I’m an enrolled agent in Los Angeles and just started my own practice, I found this video really helpful and straightforward, and I’m really grateful for your videos. Keep up the good work!
Karlton - may I suggest you make *850 financial assessment* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
This is why I am still on the fence about starting a business-the TAXES! I don’t want to mess it up. I’ve gotten so comfortable being a company worker and them doing all of that for me. I just get my W2 in January and take it to H&R Block. Done.
Look for a CPA to handle your taxes they will do bookkeeping ,taxes even represent you in court for tax purposes they not cheap but they are better then an accountant and a bookkeeper
Preach Bruh! So happy I came across your video! During the pandemic I wanted to rebuild my credit so bad and have a new life by the end of this year that would benefit me , my family and my business I opened during the pandemic! I paid someone over $1000 to rebuild my credit and they started the process but ghosted me! I started doing my own research and Linux Tech Corps popped up on TH-cam ! I’m now building my own credit back up and I have 3 medical collection’s account to take care of and thanks to you , I know I can handle those! *Linux Tech Corps* were so useful and You’re such a blessing!
When trying to get late payments removed on an active account, if it cannot be verified by the bureaus, do they remove that late payment and show on time payment for that month, show no information available for that month, or delete that account off the credit report? I want to get my late payment history corrected but not sure how disputing with the credit bureaus affects the active account if they cannot verify the information to be accurate, I wouldn't have been able to take them off if not me meeting *Linux Tech Corps* ..
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but 850 FINANCIAL ASSESSMENT info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
Very grateful for content creators like yourself, I am working as a 1099 contractor and have started to research in prep to open my own LLC to help mitigate my profits and loses. Thanks for all the help!
I have been losing my mind over this channel for about 2 weeks now. The most clear, concise, usable tax and business channel I've seen. KD is the truth...
Hey Karlton ...thank you for this video! I watched it before making the move to set up my LLC. I am now 100% confident that the wisdom, knowledge, and experience that you shared have saved me time and money that I can't even calculate. You're commitment to "help others build wealth" is greatly appreciated good brotha!
I need 1 of these guys on my team.... very knowledgeable & helpful!!! High schools REALLY NEED to teach our upcoming generation of students these type of courses!! As a parent, I would pay them to teach my kids these important lessons!!! Eveey1 should inspire to be an entrepreneur rather than an employee of someone else business!!
Unfortunately the government dictates what the states teach in their schools and as you know with information it is liberating but it is also powerful, with more information comes more power, at that point you're no longer a sheep in the herd that the govt controls, you become competition
I am so enjoying these lessons. I’m so glad I subscribed. Why don’t we learn this in school at a young age when we’re sponges 🤦🏽♂️Geesh! Well, I’m here to stay now. Keep up the good work my brother 🙏🏽🙂
That W-9 form is key!! Im a self employed contractor and made the mistake of not asking for a w-9 from a client this past year😮💨…let’s just say it affected the both of us on each end.
Getting ready to start an LLC ASAP after being educated by Karlton for my real estate ventures. Karlton has saved me so much stress!! Because as he says in this video, CPA’s don’t educate you nor does one typically know what forms to file. Karlton is fast tracking my retire plan, tenfold! Thank you Karlton!!🙏🏼
Thank you so much for this information. I started a new business a year ago and I’m now in the second phase of this business which is applying for an LLC & EIN. The fear is great bc I have no prior knowledge about that side of a business. Thank you easing my fears with this simple explanation of something I know nothing about. I’ll be checking out the rest of your videos while doing some research of my own. I can’t thank you enough for this amazing breakdown. I really appreciate it!
You’re video pop up on my feed because I was only trying to see how to get a rental with no money down. And after watching your video now I’m thankful for you and motivated to get an LLC business account. Thank you so much you’re a god sent angel 🙏🏻🙏🏻🙏🏻
Thanks! I really needed this information to move forward with different business ideas. Please keep making them; I really appreciate it all. #Knowledge is key. Knowledge is power.#Stay blessed.
Wow! Feels like I just got schooled and I’m loving it. I’ll have to rewatch this several times to grasp all the details, but this info is clearly important and helpful. New Subscriber! Thanks!
I made a lot of these mistakes when I put up my 1st llc. Now I’m starting over and putting things up the right way. Grateful that this popped up right when I needed it
This brother is on point. Clear Concise and Highly relevant for small business owners. Great info Karlton. You should have a ton of clients with your knowledge. Keep sharing and enlightening our people Peace and blessings
Will you go more in detail about what an accountable plan looks like and what rules we have to follow in order to be reimbursed correctly for business purchases? Love your videos!!
When trying to get late payments removed on an active account, if it cannot be verified by the bureaus, do they remove that late payment and show on time payment for that month, show no information available for that month, or delete that account off the credit report? I want to get my late payment history corrected but not sure how disputing with the credit bureaus affects the active account if they cannot verify the information to be accurate, I wouldn't have been able to take them off if not me meeting *Linux Tech Corps*
Thank you for the video! I have had a passion for credit repair for a long time and I’ve helped a couple of people. I’ve even thought about starting my own business. Listening to you and seeing your passion has lit a 🔥 in me and learning from and using *Linux Tech Corps* . I have watched this video a few times just as motivation. I call it my “Victory Lap” video because you are spreading Nips message by following it! Thank you and keep pushing! Proud of you! .. ..
I appreciate the vernacular, speech, and detailed information organized in the fashion it is. Very clear enunciation and intonation allowing for expression without distracting from the information presented.
WOW! This is the most valuable page in my TH-cam profile. I don’t subscribe a lot, I don’t like a lot and I have never commented on any video. But my guy is changing the game for EVERYONE! I greatly appreciate your content my brotha! You are teaching young entrepreneurs like myself how to be successful! How to leverage the game in our favor for success! You have found your passion and God put you on this Earth to do this. My God continue to bless you and your family for everything you do. I look forward to working with you in the future! ✊🏾
You have just opened my eyes to a huge mystery!!! I am starting a firearms instruction business and looking for as much information as possible. Thank you for the knowledge
For #2, if you can use business credit to take out the mortgage and have to do so as a personal debt, most mortgage companies won't let you put the LLC on the title, even if you have it set up prior purchasing the rental. For those real estate investors using personal/residential financing, some will do quit claim deeds (at their own risk) to transfer title to LLC as mortgage companies typically don't exercise calling the mortgage due in full. However, they're still personally on hook for the mortgage.
Very detailed and comprehensive video! I appreciate that you took the time to go through the 1065 and K-1 usage for multiple members. You're a good teacher; you kept me engaged, showed us a little about your personal life and that smile you ended with is absolutely priceless. Joined, subscribed and looking for your other videos now! Thanks a bunch!
Thank you soooooo much! You have provided answers that my CPA/Financial advisor hesitates to teach me. Knowledge is empowering and frees entrepreneurs from being held hostage by those who are supplying services we are paying for. We must be more proactive in learning the basics to maintain control of our businesses. This information was needed and will be implemented immediately! Please continue guiding those who are being misguided. Thank you, again. 👏 🙂
I usually don’t sit this long and watch videos like this none of us do until the information is needed and All this info was so helpful thank you for sharing
Great stuff! I'm finally jumping off the ledge to do my own thing and this video is helping point me in the right direction! Thank you for the info! I just hit the Subscribe button!
I’m typically a silent TH-cam university student but I wanted to thank you for this information. Your passion and detail is something you don’t get too much when looking for these types of things online. I felt like I paid you for this 😭
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I'm looking forward to starting multiple businesses alone, but look forward to hiring people along the way. This video helped a lot, thank you Mr.Dennis.
Thank you for the video! I have had a passion for credit repair for a long time and I’ve helped a couple of people. I’ve even thought about starting my own business. Listening to you and seeing your passion has lit a 🔥 in me and learning from and using *Linux Tech Corps* . I have watched this video a few times just as motivation. I call it my “Victory Lap” video because you are spreading Nips message by following it! Thank you and keep pushing! Proud of you! ..
Rescission and a Security Freeze are great tools to use, because it puts you in control of your privacy. Corporate control = involuntary servitude. I love this video!...Know your rights, exercise your rights and exercise them often. People only need to listen and learn. Actors use pseudonyms and get away with it, if we shorten our names they are called aliases. Via certified mail, i sent requests for a security freeze to 8 credit bureaus, I also opted out of 25 sites that store and sell my private info, like whitepages, spokeo etc. These corporations actually make us sitting ducks for identity theft, stalking and narcissistic abuse, and they do it for profit. Use *Linux tech corps* for charge offs and inquiries removal ..
Wow I love how you explained this LLC thank you so much learned a ton. Wish I knew this back in 2004 when I started a business from scratch . Gonna try business again and want to do it correctly this time thank you for all of the tips.❤
Mannnn look, this is soooo informative. I'm starting a non-profit business and will have sales of a brand. I'm so confused, but these videos are absolutely a God send. Karlton, we need to talk, heck I'll pay for my time. No, I'm not rich, but this will be a great investment.
Thank you so much for this important information and for educating many of us that need this information. I know you have been and are a blessing to many of us. Thank you so much!
First of all, thank you. This was eye opening. Do you need different LLC if you are doing both lets say Airbnb Arbitage and Vending Business? Or can I just use the same LLC for both? Does that changes how I file my tax?
I want to setup a GoFundMe page to send Karlton some "Thank You" money for all this great free advice. And I don't even have a business yet!!! But I plan to start a business and this is GREAT research material to get me on good footing to be successful!! Thanks Karlton and God Bless!!!
This is really good. Thank you! My husband has had his business for many years as sole prop but now is LLC including me as partial owner. This video and the prior one regarding including your spouse in your business, are each very helpful.
Love the sound of your voice, it makes me listen better. I love that you jumped right in and got pretty much straight to the point. This video was extremely informative. I am just starting to learn about all this beautiful business savvy stuff. Love it need more! I subscribed!
This is a great video. Very well explained and spoken. You have a speaking personality I can actually listen and pay attention to. I listen to a lot of audio books and documentary podcasts and it’s hard to find a narrator that sounds right to me. You’re great on camera.
Wow thank you for all the info. I am opening up my Daycare business and have so many questions. I wish they would teach about these topics in high school. So happy I came across this channel. Subscribed!! 🙌🏼
This Video was so informational I'm so glad I clicked play, bcuz you gave some of the best information for any whose trying to start their own business. Thank You
I came to the US five years ago and now I’m pay my school fees and tuition out of pocket. I’m single work full time while schooling I have no other support and I need to pay my bills. I’m starting my nursing program next spring which means school will be my life and can’t work full time. I have saved up to start business to help me in my future. First business in the Us and I’m nervous and your video have been help. I know I will have to watch a lot of them.
This should really be taught on schools but aren't ! Avoiding these mistakes will save us time and money, i'm too currently setting up my llc on LegalMake. Thank you.
Education systems in America are and were then designed and modified by Rockefeller in the early 1900's to educate people on how to get a job for someone else's business, not to be successful entrepreneurs themselves. That has never changed in over 100 years since then, and therein lies the problem. It was never meant for anyone else to become successful business owners, that's not what the education system was designed for. Today, the majority of massively successful business owners are college dropouts, or less even. With the rare exception of them being a college graduate of a bachelor's or higher degree program, which teaches them how to be exceptional employees for someone else. Unfortunately, that knowledge doesn't necessarily transfer over into economic wisdom and it certainly doesn't reveal the economic needs of a current market from a business perspective that enables entrepreneurs to be successful. It really takes a personal choice and dedication to decide on purpose to play the leadership role of a business owner, as opposed to taking the easy route of remaining an employee for someone else, and I'm afraid the system was designed that way from the beginning to a large degree. The beautiful thing about the system is, if you want to be a successful business owner, you can be.
*isn’t. I know that was taught in school
@@adamwienckowski146 grammar is. 😆
I mean there is business school in college lol, you can’t really teach this sorta stuff to teenagers
@graham said perfectly
This genuinely was one of the most concise, well-edited, educational videos that I've seen on this subject. Truly, thank you.
Agreed!
I came into these comments to say the exact same thing. He’s tackling so many things that I’ve seen other coaches leave out completely, or describe it in a quick/gimmicky, shorthanded way making it harder to understand.
@@NSUScooter it's definitely helpful and puts the "puzzle" together easier . 🍻✌️🤔
Agreed. I feel empowered after watching this video!
I agree 100%
My man is a legend. I have a computer engineering degree, understanding isn’t my issue, it’s finding condensed, straight to the point, factual information, that isn’t hidden behind a paywall. If I could hire you in NJ, I would.
My husband and I almost made one of the most common mistakes and tried to buy a house before starting an LLC. Thankfully we did our research and are now going to start an LLC first. Thank you!
can you please share how starting an LLC before purchase of a home is a good thing?
I'M OVER 50 YEARS OLD AND FEEL LIKE GOING TO SCHOOL WAS A BIG WASTE OF MY TIME NOW I HAVE TO PLAY CATCH UP TEACHING MY YOUNG MEN HOW THIS WORKS ANYWAY THIS IS IN ALL CAPS BECAUSE I'M READY TO GET STARTED NOW !
Hats off to you! It reminds me of its never too late to start anything you really wanna do.
If school was a waste of time back then, imagine how wasteful it is now... I remember my history teacher having section on learning about cereal kilers... wtf...
Serial**
I've been in business classes. Heck, I've ghostwritten a couple of articles about types of business filings, years back. But I've never seen these topics laid out so comprehensively & made so easy to understand! I'm an unhoused disabled returned-to-college student now, about to start a vending business specifically to serve & help my homeless peers, & I can tell this channel will be a really helpful resource that I'll be revisiting often. I'm so glad I stumbled across this video. Thanks for your fantastic work!
The production quality and effort put into this video is truly admirable
At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month! 🥳 It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Karlton, fyi my emergency fund is also a done deal! by *Linux Tech Corps* lol, i didn't made it myself
Karlton - may I suggest you make *850 financial assessment* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
00⁰
You're my LLC guru ❤ just filed today; long-held since 2014! Family needs came first but good fortune to come across your channel for the real advice at the right time. Also, love the great energy, I have to watch in bits, because I'm motivated - thank you!
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *web* *invader* *net* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied
Karlton - may I suggest you make *WEB* *INVADER* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
Karlton - may I suggest you make *WEB* *INVADER* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
Bro! This is gold! You answered all my questions. You helped me with my LLC and guided me in the right direction for tax purposes! I really appreciate your work.
Thank you!
I’m an enrolled agent in Los Angeles and just started my own practice, I found this video really helpful and straightforward, and I’m really grateful for your videos. Keep up the good work!
I'm starting a business for the first time and just wanted to thank you for investing your time in making these videos for other people to learn.
Karlton - may I suggest you make *850 financial assessment* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
This is why I am still on the fence about starting a business-the TAXES! I don’t want to mess it up. I’ve gotten so comfortable being a company worker and them doing all of that for me. I just get my W2 in January and take it to H&R Block. Done.
Tighten up and get right Diplomat or keep working for someone
@@chickencombo391 💯💯💯
Look for a CPA to handle your taxes they will do bookkeeping ,taxes even represent you in court for tax purposes they not cheap but they are better then an accountant and a bookkeeper
Preach Bruh! So happy I came across your video! During the pandemic I wanted to rebuild my credit so bad and have a new life by the end of this year that would benefit me , my family and my business I opened during the pandemic! I paid someone over $1000 to rebuild my credit and they started the process but ghosted me! I started doing my own research and Linux Tech Corps popped up on TH-cam ! I’m now building my own credit back up and I have 3 medical collection’s account to take care of and thanks to you , I know I can handle those! *Linux Tech Corps* were so useful and You’re such a blessing!
When trying to get late payments removed on an active account, if it cannot be verified by the bureaus, do they remove that late payment and show on time payment for that month, show no information available for that month, or delete that account off the credit report? I want to get my late payment history corrected but not sure how disputing with the credit bureaus affects the active account if they cannot verify the information to be accurate, I wouldn't have been able to take them off if not me meeting *Linux Tech Corps* ..
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but 850 FINANCIAL ASSESSMENT info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
Very grateful for content creators like yourself, I am working as a 1099 contractor and have started to research in prep to open my own LLC to help mitigate my profits and loses. Thanks for all the help!
Bro I’m so glad I found this channel! This content is gold!
I have been losing my mind over this channel for about 2 weeks now. The most clear, concise, usable tax and business channel I've seen. KD is the truth...
Thanks for watching!😊 Don't forget to hit the subscribe button! Text me on What sApp for more info and guardians🇱🇷❤️...
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My new favorite TH-cam adviser. Thank you for your willingness to genuinely educate. Peace and blessings King
Hey Karlton ...thank you for this video! I watched it before making the move to set up my LLC. I am now 100% confident that the wisdom, knowledge, and experience that you shared have saved me time and money that I can't even calculate. You're commitment to "help others build wealth" is greatly appreciated good brotha!
Future Black Business Owner This is was Very Informative
This video is packed full of information. I’m guilty of starting an LLC and not going all the way. This is extremely helpful. Keep up the good work.
I need 1 of these guys on my team.... very knowledgeable & helpful!!! High schools REALLY NEED to teach our upcoming generation of students these type of courses!! As a parent, I would pay them to teach my kids these important lessons!!! Eveey1 should inspire to be an entrepreneur rather than an employee of someone else business!!
yes but you also need to consider eventually, everyone owning a business means there’s no one to run said business in store.
Why don’t you just teach them? 🙄
Unfortunately the government dictates what the states teach in their schools and as you know with information it is liberating but it is also powerful, with more information comes more power, at that point you're no longer a sheep in the herd that the govt controls, you become competition
They won’t and most of the teaches are in debt themselves how can they teach anyone about money
I am so enjoying these lessons. I’m so glad I subscribed. Why don’t we learn this in school at a young age when we’re sponges 🤦🏽♂️Geesh! Well, I’m here to stay now. Keep up the good work my brother 🙏🏽🙂
As an individual who is just starting a business, I gotta say your video was beyond helpful and I appreciate the learning. 🙏🏽
That W-9 form is key!! Im a self employed contractor and made the mistake of not asking for a w-9 from a client this past year😮💨…let’s just say it affected the both of us on each end.
I have an LLC and I have no idea what I’m doing with it 😭 so thank you for educating 🙌🏾
😂me too bro lol
Same LOL
E
😂
Me to lol 😂
About to start my LLC and business journey and this video + your entire channel has been soo helpful. Love it, thank you.
Getting ready to start an LLC ASAP after being educated by Karlton for my real estate ventures. Karlton has saved me so much stress!! Because as he says in this video, CPA’s don’t educate you nor does one typically know what forms to file. Karlton is fast tracking my retire plan, tenfold! Thank you Karlton!!🙏🏼
Thank you so much for this information.
I started a new business a year ago and I’m now in the second phase of this business which is applying for an LLC & EIN. The fear is great bc I have no prior knowledge about that side of a business. Thank you easing my fears with this simple explanation of something I know nothing about. I’ll be checking out the rest of your videos while doing some research of my own. I can’t thank you enough for this amazing breakdown. I really appreciate it!
You’re video pop up on my feed because I was only trying to see how to get a rental with no money down. And after watching your video now I’m thankful for you and motivated to get an LLC business account. Thank you so much you’re a god sent angel 🙏🏻🙏🏻🙏🏻
Thanks! I really needed this information to move forward with different business ideas. Please keep making them; I really appreciate it all. #Knowledge is key. Knowledge is power.#Stay blessed.
always appreciate those taking the time to share their knowledge... thank you, brother. subscribed
Wow! No one has ever broken it down like this. I've been in business for a few years but learned so much from this video. Thank you!
Wow! Feels like I just got schooled and I’m loving it. I’ll have to rewatch this several times to grasp all the details, but this info is clearly important and helpful. New Subscriber! Thanks!
I made a lot of these mistakes when I put up my 1st llc. Now I’m starting over and putting things up the right way. Grateful that this popped up right when I needed it
This brother is on point. Clear Concise and Highly relevant for small business owners.
Great info Karlton. You should have a ton of clients with your knowledge.
Keep sharing and enlightening our people
Peace and blessings
People like him deserve many blessings from our almighty creator.♥️♥️♥️👍🏼💯🙏
Will you go more in detail about what an accountable plan looks like and what rules we have to follow in order to be reimbursed correctly for business purchases? Love your videos!!
Yes! How do we do that??
I'm interested as well
When trying to get late payments removed on an active account, if it cannot be verified by the bureaus, do they remove that late payment and show on time payment for that month, show no information available for that month, or delete that account off the credit report? I want to get my late payment history corrected but not sure how disputing with the credit bureaus affects the active account if they cannot verify the information to be accurate, I wouldn't have been able to take them off if not me meeting *Linux Tech Corps*
Thank you for the video! I have had a passion for credit repair for a long time and I’ve helped a couple of people. I’ve even thought about starting my own business. Listening to you and seeing your passion has lit a 🔥 in me and learning from and using *Linux Tech Corps* . I have watched this video a few times just as motivation. I call it my “Victory Lap” video because you are spreading Nips message by following it! Thank you and keep pushing! Proud of you! .. ..
I appreciate the vernacular, speech, and detailed information organized in the fashion it is. Very clear enunciation and intonation allowing for expression without distracting from the information presented.
WOW! This is the most valuable page in my TH-cam profile. I don’t subscribe a lot, I don’t like a lot and I have never commented on any video. But my guy is changing the game for EVERYONE! I greatly appreciate your content my brotha! You are teaching young entrepreneurs like myself how to be successful! How to leverage the game in our favor for success! You have found your passion and God put you on this Earth to do this. My God continue to bless you and your family for everything you do. I look forward to working with you in the future! ✊🏾
Thanks for watching!😊 Don't forget to hit the subscribe button! Text me on What sApp for more info and guardians🇱🇷❤️.
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Amazing explanation and delivery of complex information
You have just opened my eyes to a huge mystery!!!
I am starting a firearms instruction business and looking for as much information as possible.
Thank you for the knowledge
You have shown me my mistakes on my LLC that I just started a few months ago. All the things I never knew about is impressive.
For #2, if you can use business credit to take out the mortgage and have to do so as a personal debt, most mortgage companies won't let you put the LLC on the title, even if you have it set up prior purchasing the rental. For those real estate investors using personal/residential financing, some will do quit claim deeds (at their own risk) to transfer title to LLC as mortgage companies typically don't exercise calling the mortgage due in full. However, they're still personally on hook for the mortgage.
Very detailed and comprehensive video! I appreciate that you took the time to go through the 1065 and K-1 usage for multiple members. You're a good teacher; you kept me engaged, showed us a little about your personal life and that smile you ended with is absolutely priceless. Joined, subscribed and looking for your other videos now! Thanks a bunch!
Thank you soooooo much! You have provided answers that my CPA/Financial advisor hesitates to teach me. Knowledge is empowering and frees entrepreneurs from being held hostage by those who are supplying services we are paying for. We must be more proactive in learning the basics to maintain control of our businesses. This information was needed and will be implemented immediately! Please continue guiding those who are being misguided. Thank you, again. 👏 🙂
I usually don’t sit this long and watch videos like this none of us do until the information is needed and All this info was so helpful thank you for sharing
This was very informative and will help me in starting my notary/signing agent business. Thanks for breaking things down.👏🏾👏🏾
Thanks for watching!😊 Don't forget to hit the subscribe button! Text me on What sApp for more info and guardians🇱🇷❤️.
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In love with how thorough and simple you explain everything. Thank you
Thank you for your insight and the way you structured the breakdown for all of your viewers to understand!
$1000 dollars worth of game in exchange for a like? ...you're a God send, Sir.
This is very helpful as a newbie and planning to start my LLC. Thank you and you earned new subs here :)
Great stuff! I'm finally jumping off the ledge to do my own thing and this video is helping point me in the right direction! Thank you for the info! I just hit the Subscribe button!
Karlton. I'm so encouraged by your clip.
Looking forward to hear more
Wish we could converse in a meeting 15 to 20 minutes would be appreciated if possible?!?!
I’m typically a silent TH-cam university student but I wanted to thank you for this information.
Your passion and detail is something you don’t get too much when looking for these types of things online. I felt like I paid you for this 😭
Exactly me too, let's scale these businesses goddess 👑
I'd love to connect do you have an IG?
@jaythedivineone 😂😂😂😂😂 my man
Im so glad I'm watching this ahead of time.
keeping it 100 ima go watch an LLC for dummies video and come back lol
😂
This really helped me. It's my goal to apply for an LLC properly.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
SHE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.
@Infurnaevely1
Thank you! Best video I’ve seen that actually breaks it down in a language I can understand.
Very well explained....
I love your intro! I’m supposed to be focused and learning about common LLC mistakes but instead I’m bobbing my head to the instrumental😭🔥
You are the best at explaining everything I need to know about setting up my business thanks.
I'm looking forward to starting multiple businesses alone, but look forward to hiring people along the way. This video helped a lot, thank you Mr.Dennis.
The audio is improving! Content is fire!
Thanks for watching!😊 Don't forget to hit the subscribe button! Text me on What sApp for more info and guardians🇱🇷❤️
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Timely and informative!! Thank you!
Thanks a million Karlton, excellent video very informative and powerful so many gems. I love this channel.
So humble, kind and a good spirit.
I can hear you speak all day. Thank you for all of your info and time.
Thank you for the video! I have had a passion for credit repair for a long time and I’ve helped a couple of people. I’ve even thought about starting my own business. Listening to you and seeing your passion has lit a 🔥 in me and learning from and using *Linux Tech Corps* . I have watched this video a few times just as motivation. I call it my “Victory Lap” video because you are spreading Nips message by following it! Thank you and keep pushing! Proud of you! ..
Rescission and a Security Freeze are great tools to use, because it puts you in control of your privacy. Corporate control = involuntary servitude. I love this video!...Know your rights, exercise your rights and exercise them often. People only need to listen and learn. Actors use pseudonyms and get away with it, if we shorten our names they are called aliases. Via certified mail, i sent requests for a security freeze to 8 credit bureaus, I also opted out of 25 sites that store and sell my private info, like whitepages, spokeo etc. These corporations actually make us sitting ducks for identity theft, stalking and narcissistic abuse, and they do it for profit. Use *Linux tech corps* for charge offs and inquiries removal ..
This video answered questions, I forgot to ask 😅 Thank you so very much! ❤
Wow I love how you explained this LLC thank you so much learned a ton. Wish I knew this back in 2004 when I started a business from scratch . Gonna try business again and want to do it correctly this time thank you for all of the tips.❤
Mannnn look, this is soooo informative. I'm starting a non-profit business and will have sales of a brand. I'm so confused, but these videos are absolutely a God send. Karlton, we need to talk, heck I'll pay for my time. No, I'm not rich, but this will be a great investment.
This info was absolutely needed and appreciated. So many of my questions were answered and it was easy to understand and follow. Thank you!
Thank you so much for this important information and for educating many of us that need this information. I know you have been and are a blessing to many of us. Thank you so much!
Love your content, KD! Keep it going, you’re inspiring folks!
This video was so well put together and straight to the point. Thank you❤
This was so informative! I’m wondering if you do another video to go more into the steps of reimbursing oneself for business expenses. Thank you!❤️
Sure thing! I will work on a video that focuses on how to reimburse yourself through an accountable plan.
This is good information. Straightforward and eloquent
First of all, thank you. This was eye opening. Do you need different LLC if you are doing both lets say Airbnb Arbitage and Vending Business? Or can I just use the same LLC for both? Does that changes how I file my tax?
Love the content. Solid information instead of just TikTok fun facts.
I want to setup a GoFundMe page to send Karlton some "Thank You" money for all this great free advice. And I don't even have a business yet!!! But I plan to start a business and this is GREAT research material to get me on good footing to be successful!! Thanks Karlton and God Bless!!!
Thanks for watching!😊 Don't forget to hit the subscribe button! Text me on What sApp for more info and guardians🇱🇷❤️
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Very helpful, thank you. Researching forming your first LLC is very overwhelming and I thank you for these tips.
How much do you charge for your services?
This is really good. Thank you! My husband has had his business for many years as sole prop but now is LLC including me as partial owner. This video and the prior one regarding including your spouse in your business, are each very helpful.
Would crypto staking be portfolio or passive income eventhough it took some work to set it up?
Passive income
A passive income is earned without having to work for.
@@Invisiblerealm would you say the same for using liquidity pools? That's more like market making, if you aren't familiar.
Honestly this is one of the BEST videos I’ve seen on this topic. Thank you
Love the sound of your voice, it makes me listen better. I love that you jumped right in and got pretty much straight to the point. This video was extremely informative. I am just starting to learn about all this beautiful business savvy stuff. Love it need more! I subscribed!
Man I literally get educated every time I watch your videos. Thank you for your time to teach us
This is a great video. Very well explained and spoken. You have a speaking personality I can actually listen and pay attention to. I listen to a lot of audio books and documentary podcasts and it’s hard to find a narrator that sounds right to me. You’re great on camera.
You are an incredible teacher. Well versed, knowledgeable, relatable, and digestible. All the key ingredients for greatness. Keep it up.
Appreciate the way you communicated these concepts that a very new to me. Thanks for the great resource!
Thanks Karlton, for all you are giving back-that's why you are so blessed!
Wow thank you for all the info. I am opening up my Daycare business and have so many questions. I wish they would teach about these topics in high school. So happy I came across this channel. Subscribed!! 🙌🏼
This Video was so informational I'm so glad I clicked play, bcuz you gave some of the best information for any whose trying to start their own business. Thank You
I've been on TH-cam a long time. This video is one of the best I've watched.
Starting the year off right with this content of yours i just watched. thanks a billion.
I came to the US five years ago and now I’m pay my school fees and tuition out of pocket. I’m single work full time while schooling I have no other support and I need to pay my bills. I’m starting my nursing program next spring which means school will be my life and can’t work full time. I have saved up to start business to help me in my future. First business in the Us and I’m nervous and your video have been help. I know I will have to watch a lot of them.
I have been so sloppy about this stuff up to this point thanks SO MUCH!!!
Thank you for this, I normally don't leave comments. But your information is actually life changing and deserves my thanks!