Hi I'm trying to start a business but I have no idea where to begin I know the name for my business but im starting from nothing so I'm a little confused on how to even begin, can you give me some advice? Please thank you for your time
The video discusses five key mistakes to avoid when starting an LLC: not using an EIN, misunderstanding income types, not establishing an LLC before buying real estate, not knowing which tax forms to use, and not knowing how to reimburse yourself properly.
Everyone in this country needs to subscribe to this channel. This is the best taxes explaining professional on TH-cam. So much knowledge and so clear to understand. Thank you for your amazing work. Hope one day I can team up with you and your team.
My husband just LLC his trucking business. It's just his truck, but he's thinking about running just a small 2 or 3 truck business. Things are so up and down in the industry, but it's never left him without work for the past 35 yrs. But his own small trucking business is scary.
Can you Make a Video That Specifically goes into depth about the best way to lower Taxes and the deductions for 1099 Contracted Drivers. And the Pros and Cons.
Great tips, Karlton; I would also add that it is not the LLC management structure, who the member should be (owner), capitalization, partnership concerns, out-of-state LLC formations and nexus issues, and matching the correct operating agreement to taxation type, and membership.
I sub and like and comment. Epic video and appreciate the gems. I have started a Sole priority for my business years ago. I have me EIN number for years and never did anything with it. I stated Clothing Apparel business and just never uplifted it besides creating a Name and register my business as a Sole priority. I will watch this video and takes notes and will try to reach out to your team. Peace and Love Brooklyn NYC…
If buying rental or Airbnb in different state or another country, then is it wise to have separate LLC for each state and separate one for outside of country?
If I have an ATM business and I’m a certified armed security guard can I hire and pay myself as a guard and transporter for my business? like an employee to my business 🤔
Hello Karlton D. I work in healthcare. I do Psychotherapy as a practitioner. I do consulting psycho education, individual Psychotherapy, and group Psychotherapy and other things too as research as well. I have a S Corp in California cuz we can't operate out of an LLC anymore in California has to be an S-Corp
Do I need two separate limited liability companies? One for a taxi cab business and the other for a pre-arranged limousine service? I need specific insurance for the limousine service, and specialized insurance for the taxi service, correct?
Thank you for your videos mate.. I'm retired at 27, went from Grace to Grace. This video here reminds me of my transformation from a nobody to good home, honest wife and 35k biweekly and a good daughter full of love ❤
I raised 75k and Claudia Ann Brandon is to be thanked. I got my self my dream car 🚗 just last weekend, My journey with her started after my best friend came back from New York and saw me suffering in dept then told me about her and how to change my life through her. Claudia A Brandon is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note!:: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!!
Do you need your drivers license ID and SSN to open a LLC at a bank? Or is the SSN optional. Because I don't want my SSN associated with my bank account.
Thanks for sharing your experience and I have a question I traded short term crypto and the platform required to me to pay 20% tax from other external wallets before withdrawal the money? I really need to answer.
Hello , this is a very well explained and helpful video. I know nothing about running , a business but hopefully having a small business is a goal. If a start a small at home business like Etsy, do I need a LLC right away ? Thank u
For all the regulation we have in this country, there should be a mandatory free class by the government to teach all these things before an LLC can be given.
Hey karlton can you do a segment being that it's almost tax time what you need to do to prepare for it? I was told to get a copy of all my bank and credit card statements that I used for my business and highlight the transaction is that true? Also I get paid by check and I use quickbooks how do I add the company's thst pay me to show as an earning in quickbooks. Please do a segment on this please.
My mortgage company said it would take 60 days to submit a transfer package and to get approval to put my house in the LLC. Can I still create the LLC and have protection before the approval process is complete? Without a quit claim deed?
I’m a barber on a mission to create a clothing brand , eventually plan on opening a barbershop or creative studio . I’m California Los Angeles, I need a LLC but researching the best way to make it . Any recommendations?
Can I do an fha loan (house hacking) under my LLC name ? Or will I have to do that type of loan under my name and refi into my business name later down the line ?
My dream is to start a Traveling Gospel/Musical Touring Business! For 28 years I've performed under other people, but unfortunately most of my performances weren't recorded! It's like I'm starting from scratch for myself. I have a list of other Artists, but no Gigs lined up yet. I've yet to build a Facebook or Linked because of lack of recorded material. My Financial Advisor suggested to me not to create an LLC until a Brokered Music Deal exists. What is your best advice?
Karlton - I am the owner of a small airport transport business, (a Sole Proprietor). I will 'gross' nearly $35K in 2024, my first full year as a business owner. I am confused how I 'draw' funds from my business account and I am unclear if I am required to pay tax for withholding, (15.3% Self-Employment Tax). I am trying to avoid any issues involving the IRS. Thanks in advance. Mike
So I have a w-2 job right now and the company has made no money however I am using my personal funds to start the business until the money starts coming in. How do I account for this? I just opened a bank account but has very little money that I rolled into the bank. What do you suggest if I use it for personal funds?
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy have been earning $ 21,000 returns from my $7,000 investment every 12days..
Subscribe to the channel for more tax tips and insights from an expert. Help us reach 1 million subscribers!
Can I use the link for a consultation for my start-up? And when it's is asking on the application, my annual income does this mean (personal income)?
Hi I'm trying to start a business but I have no idea where to begin I know the name for my business but im starting from nothing so I'm a little confused on how to even begin, can you give me some advice? Please thank you for your time
The video discusses five key mistakes to avoid when starting an LLC: not using an EIN, misunderstanding income types, not establishing an LLC before buying real estate, not knowing which tax forms to use, and not knowing how to reimburse yourself properly.
Thanks bot
Excellently done; thorough, clear, & to-the-point. ❤
Omg you are now my new go to for information because I am thinking about starting a business. This information is awesome for a new person like me.
Wow I learned a few new things from this video. Thank you so much
Great points. I have an LLC owned by a holding comp. My wife and I are member/managers. Great stuff!
Everyone in this country needs to subscribe to this channel. This is the best taxes explaining professional on TH-cam. So much knowledge and so clear to understand. Thank you for your amazing work. Hope one day I can team up with you and your team.
This video was just for me. Right, on time. Great info to start doing research on. Thanks 👍🏽
Extremely valuable as always!
Great information! I’m just starting up a business and your videos are extremely helpful! Thank you!
My husband just LLC his trucking business. It's just his truck, but he's thinking about running just a small 2 or 3 truck business. Things are so up and down in the industry, but it's never left him without work for the past 35 yrs. But his own small trucking business is scary.
I’m in the same industry.. it’s all about planning
Thank you Karlton for the excellent information! Your services are very informative and needed.
Thank you. Very informative.
Can you Make a Video That Specifically goes into depth about the best way to lower Taxes and the deductions for 1099 Contracted Drivers. And the Pros and Cons.
You are brilliant ❣️
Great tips, Karlton; I would also add that it is not the LLC management structure, who the member should be (owner), capitalization, partnership concerns, out-of-state LLC formations and nexus issues, and matching the correct operating agreement to taxation type, and membership.
Excellent video, very thorough, clear and to the point! Wonderful job!
congrats with this content, I just opened my llc to manage my stocks portifolio and get some benefits on the income tax.
Wait can you elaborate I’m slower than slow
Great video. Time well invested on my behalf.
Great information. To the point! 🙏🏿
To fund a new subsidiary business bank account. Do one transfer money from personal or holding company account.
Dude! you're the man. thanks! I won't ever miss a video here.
So comprehensive and easy to understand, liked and following…THANK YOU
Just starting out. Thank you very much for the information.
Thank U, this was so helpful!
I sub and like and comment. Epic video and appreciate the gems. I have started a Sole priority for my business years ago. I have me EIN number for years and never did anything with it. I stated Clothing Apparel business and just never uplifted it besides creating a
Name and register my business as a Sole priority. I will watch this video and takes notes and will try to reach out to your team. Peace and Love Brooklyn NYC…
Great content as always! Thanks Karlton!
Great? This guy lies for a living
Great Video! Exceptional knowledge sir
I just adore you …. Love your videos. 😊
If buying rental or Airbnb in different state or another country, then is it wise to have separate LLC for each state and separate one for outside of country?
Love the videos! Can you do a video on pros and cons of turning your rental property from personal to LLC?
If I have an ATM business and I’m a certified armed security guard can I hire and pay myself as a guard and transporter for my business? like an employee to my business 🤔
Yes
That’s good information
Hello Karlton D. I work in healthcare. I do Psychotherapy as a practitioner. I do consulting psycho education, individual Psychotherapy, and group Psychotherapy and other things too as research as well. I have a S Corp in California cuz we can't operate out of an LLC anymore in California has to be an S-Corp
Do I need two separate limited liability companies? One for a taxi cab business and the other for a pre-arranged limousine service? I need specific insurance for the limousine service, and specialized insurance for the taxi service, correct?
Thanks for this video
@karltondennis
You might want to do a video of the fincen ongoing litigation. Companies are not required to file the BOI report as of now.
Thank you for your videos mate.. I'm retired at 27, went from Grace to Grace. This video here reminds me of my transformation from a nobody to good home, honest wife and 35k biweekly and a good daughter full of love ❤
I'm feeling really motivated.
Could you share some details about the bi-weekly topic you brought up?
I raised 75k and Claudia Ann Brandon is to be thanked. I got my self my dream car 🚗 just last weekend, My journey with her started after my best friend came back from New York and saw me suffering in dept then told me about her and how to change my life through her. Claudia A Brandon is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note!:: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!!
Wow 😱 I know her too
Miss Claudia Ann Brandon is a remarkable individual whom has brought immense positivity and inspiration into my life.
I actually did a broker check on her and she’s top notch ❤️
Can't imagine earning $85,000 biweekly, God bless Ms Claudia Ann Brandon , God bless America 🇺🇸♥️
Just discovered this Channel. Let’s Go ! Matt.6:33
Thank you for your infor
Do you need your drivers license ID and SSN to open a LLC at a bank? Or is the SSN optional.
Because I don't want my SSN associated with my bank account.
Thanks for sharing your experience and I have a question I traded short term crypto and the platform required to me to pay 20% tax from other external wallets before withdrawal the money? I really need to answer.
Hello , this is a very well explained and helpful video. I know nothing about running , a business but hopefully having a small business is a goal. If a start a small at home business like Etsy, do I need a LLC right away ? Thank u
Thank you
What business banks that work with quick books do you suggest?? Please provide options
You pmo sm boutta start my business finally kz I just turned 18 🙏
I love this video. ( I have a cleaning service. How can you help me structure my business?)
Nice time piece sir 🦍
What business accounts do you use? What do you recommend?
If you have multiple rental properties should you have an LLC for each one
For all the regulation we have in this country, there should be a mandatory free class by the government to teach all these things before an LLC can be given.
Great video as always !!! I have a business where my partner is from overseas, how do I form an LLC?
Could we put our regular job or w-2 income into our business bank account using our ein when we set up our taxes/payroll for our job ?
Hey karlton can you do a segment being that it's almost tax time what you need to do to prepare for it? I was told to get a copy of all my bank and credit card statements that I used for my business and highlight the transaction is that true? Also I get paid by check and I use quickbooks how do I add the company's thst pay me to show as an earning in quickbooks. Please do a segment on this please.
My mortgage company said it would take 60 days to submit a transfer package and to get approval to put my house in the LLC. Can I still create the LLC and have protection before the approval process is complete? Without a quit claim deed?
I’m a barber on a mission to create a clothing brand , eventually plan on opening a barbershop or creative studio . I’m California Los Angeles, I need a LLC but researching the best way to make it . Any recommendations?
What if you have the cash to pay for the property without taking out a mortage loan?
Does ordinary income from an LLC get taxed the same as someone who is employed by an organization?
Can I do an fha loan (house hacking) under my LLC name ? Or will I have to do that type of loan under my name and refi into my business name later down the line ?
Hey make a video for LLC barber work at home in studio about deductions thanks 🙏
I LIKE, I AM FROM YANGON
If your house is under your LLC and somebody sues your LLC what happens?
Man....do i really have to keep all my receipts...half the time these gas pumps don't even print one...
My dream is to start a Traveling Gospel/Musical Touring Business! For 28 years I've performed under other people, but unfortunately most of my performances weren't recorded! It's like I'm starting from scratch for myself. I have a list of other Artists, but no Gigs lined up yet. I've yet to build a Facebook or Linked because of lack of recorded material. My Financial Advisor suggested to me not to create an LLC until a Brokered Music Deal exists. What is your best advice?
Karlton - I am the owner of a small airport transport business, (a Sole Proprietor). I will 'gross' nearly $35K in 2024, my first full year as a business owner. I am confused how I 'draw' funds from my business account and I am unclear if I am required to pay tax for withholding, (15.3% Self-Employment Tax). I am trying to avoid any issues involving the IRS. Thanks in advance. Mike
Ok So would it Be Better if I Created a S or C Corporate Business so I can have Various Different types of business under the same Umbrella ❓
So I have a w-2 job right now and the company has made no money however I am using my personal funds to start the business until the money starts coming in.
How do I account for this?
I just opened a bank account but has very little money that I rolled into the bank.
What do you suggest if I use it for personal funds?
Hi Mr. Karlton. How to become an Enrolled Agent for tax?
What if you generate income for your business yet
I just got an LLC to start my solo travel agency.
Is that $50 k monthly or yearly
Personal training
If you are a trader and you make more than 100k which is better and smarter LLC or S-Corp? Thanks in advance
He answered that already. It would be a s-corp or c-corp. It depends on how your business is structured.
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy have been earning $ 21,000 returns from my $7,000 investment every 12days..
Wow that’s a whole lot of cash how can that be?
Since I started my first trade with Mrs Claudia Ann Brandon I’ve been blessed.
Am not surprised you mentioned CLAUDIA ANN, most traders and firms knows her.
I must be honest pal I don’t know her am just a newbie in trading and investing.
Claudia Ann is one of the best Finra-agents With high reputation recommended by JP morgan if not better off.
Folks...find a qualified tax pro!!!
LMFAO
AI generated
Thxs for the info