Is An S-Corp Right For You?

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Hi! My name is Evan, I'm a business owner and entrepreneur that loves to help previous versions of myself. I started an accelerator that has helped thousands of people start their businesses. To learn more about me and what I can do to help you, check out vanader.com or click the link above!
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Hi! my name is Evan and I'm super stoked you want to learn more about me!
I show people how to build their businesses. I learn a skill, test it with my own companies and share it!
I got my start by selling CDs at 13 years old. I’ve worked as a fry cook, I’ve mowed lawns, built go-peds, managed restaurants, sold mortgages, worked in Hollywood, and sat at a desk. I’ve cold-called, done graphic design, pounded pavement, traded crypto, and worked on an ambulance.
I finally settled down and devoted my life to becoming a firefighter in my early 20’s. It took me 5 years of training, fire academies, and paramedic school to finally land that job.
I spent 8 years of my life answering 911 calls. Now I get to pursue my real passion, which is building businesses and educating.
My first successful company is called Scorch Marker.
I was building a commemorative plaque for the fire department in my woodshop and desperately wanted to burn our motto “together in, together out” into the wood. So I pulled out my wood-burning tool, plugged it into the wall, and screwed the whole thing up!
But my wife and I had found another way. We created a chemical solution that reacts with heat. We were inspired by TH-cam creators! You apply the liquid to wood, apply heat, and the wood burns only where you drew! Pretty cool right? We invented the world’s first wood-burning marker - Scorch Marker.
Little did we know that this was the beginning of something big. We agreed to spend $500 of our savings to see if we could turn the idea into a product. 2 years later and we got into retail, became a bestseller on Amazon, created jobs, and made a lot of mistakes.
It’s the mistakes that are important. Those are the valuable, teachable moments that doers get to enjoy and learn from. They make you stronger.
Building, maintaining, scaling, running, or managing a business is not easy. But it can be done!
That's why I'm here. To teach what I've learned so you don't have to make the same mistakes that I did!
Can't wait to hear from you!
Evan
Vanader.com
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[@robmedinaXXI]

Dude, you're severely underappreciated by the algorithm! Your videos are to the point and present the info in an easy to understand way. Keep up the good work!

[@Vanader]

Thanks for watching my friend!

[@arlenemercado3384]

I agree! Thank you!

[@ShopNaturallyMe]

This was the best video I have ever seen on taxes. Even after business school, this was by far the best explanation!!!! Thank you

[@Vanader]

Glad it was helpful!

[@sudadzesaba]

Thanks man, this was pretty straightforward for me

[@michaelsimmons4883]

Hey Boss! Thanks for the videos. Can you do a "how to" on your sound set up and how you create the videos (zoom in/out, text, b-roll, etc)? I own a property management company and am about to start making videos for my clients and tenants. Thanks!

[@mine5m]

What if you want to pay your child tax free? And be an employee!!!🙏🏼

[@Vanader]

not sure about the tax free part

[@yaelhedz]

Great content and breakdown!

[@Hempfuelgroup]

Great info thank you.

[@Vanader]

Thanks for watching!!!!

[@mellymartinez1928]

​@@Vanader I was tricked into getting an S corporation status By my previous accountant is there a way I could change it or should I just keep it? I am a beauty business I do Lashes and body contoring. I do not make 50K right now. what do you advise me to do?

[@ProJvst]

what % should you take from your earnings to pay yourself for the salary?

[@GabriellaSophiaa]

Do I pay income taxes in the uk if I have an s-corp in the US?

[@dukesd9949]

I formed a corporation online buissness I’m just starting how do I switch?

[@erickagomez8893]

😭 I’m still confused

[@michaelstandefer9169]

When you say make more than $50K to get a S-Corp, is that from the LLC or the total from you as a person+LLC?

[@mellymartinez1928]

It's from the LLC 😊

[@stephaniemonge1431]

Is it recommended to wait until new tax year to start an LLC

[@Vanader]

dont wait for anything. just start

[@imdoc7872]

Im a physician. I just quit my job to go independent as a locums tenens. Im completely debt free so I want to start investing in real estate and small businesses. My lawyer recommended that I form an s-corp for my locum tenens doc business and a multipartner llc (single member llc are not protected in FL) for my investment venture. Is it possible to fund my llc using my s-corp eventhough they are two different companies? Do you know if that distribution is a taxable event? I have not met with my CPA yet but was just wondering if you would know. Thank you. I love your channel btw.

[@jeffrobodine239]

Hey man, very useful channel. Thank you. I want to get a loan to start an LLC, is there a way to get an EIN ( to shop for a loan ) before I start an LLC ?