Are LLCs DEAD Or Can They Make A Return?
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- เผยแพร่เมื่อ 20 มิ.ย. 2024
- Are LLCs dead, or can they make a return? We talk a lot about LLCs here on the channel as they can be a very helpful entity for many in their journey to achieve and strive in their lifetimes. However, there are some that are saying that the LLC business entity is no longer useful in this market. To help us discuss this matter is a special guest accompanying the discussion
As always, our host of the podcast is the one and only Toby Mathis, Esq. with Anderson Business Advisors. Par for the course, he is not alone. We hope everyone watching from wherever gives a warm welcome to our guest, Jonathan Evans.
“There any redeemable qualities of LLCs?” 33:27
Contact Jonathan Evans 👇
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Anderson's phone number: 800-706-4741
LLCs, or Limited Liability Companies, are a type of business entity that is recognized in all 50 states. It’s also what we call a hybrid entity because it combines the advantages of both corporations and partnerships. This means that an LLC has some of the same protections as corporations do such as limited liability protection for its owners and managers. However, it also has the pass-through tax treatment of a partnership or sole proprietorship, which means profits made by an LLC are not taxed at the corporate level but rather passed through to each owner’s personal tax return.
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Together, we will be going over a number of questions related to LLCs that are sure to help our audience gain a deeper understanding and appreciation for the business entity.
Thank you for joining us and adding to our wonderful community. If you enjoyed the video and found it helpful, please subscribe to our channel and share the video with your friends.
Show Notes:
0:00 Intro
2:33 Are LLCs Dead?
14:13 Why LLCs Should Be Dead
24:28 Reasons For Selecting LLCs
33:25 Redeemable Qualities of LLCs
37:27 Outro
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#llc #taxstrategies
Excellent interview, very helpful and valuable info! Many thanks!
I love Coffee and i love the analogy. lol “sure”
Excellent info
Thank you. Reached out to provider link. 👍🏽
Awesome, thank you! Please let us know if you need any further assistance.
very informative
Great discussion! Quick question - despite the increased risk of an audit of a disregarded entity, isn’t it still a good idea to do so while you’re unprofitable / slightly profitable and then elect as S-corp when you start making a couple ten thousands in profits?
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
C corp need to have annual meetings but LLC do NOT have to have annual meetings and paperwork in some states, correct?
This was amazing Toby. Jonathan is definitely a great representative of the company. This video definitely enlighten me on taxation on LLCs. My last business as a newbie i was by default a disregarded LLC but I recently created my new LLC in Wyoming and now i need to select s corp for the separation. Just wondering tho if i just keep personal and businesses expenses separate in a Single member llc and just operate it as a s corp financially could that still protect me from losing a audit doing business correctly?
Wyoming is a nice place. Did a marathon in Cheyenne. 😅
Great content
Thank you! We are glad you enjoyed it!
Which is better for your personal home a Land Trust or a Living Trust?
Hi Derrick, thank you for leaving your comment. You can request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. You can request it here! ---------> aba.link/tobyss
For people who have several properties and have specific questions how to structure, do you or Clint do private consultation and which is best phone number to get fastest results with no delays? Thanks!!
Hi, thank you for leaving your comment. You can request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. You can request it here! ---------> aba.link/tobyss
Hi DC, we recommend registering for a strategy session with Anderson. Here is the link to schedule a free strategy session, bit.ly/3JbMhRP. Or you may call to speak with an advisor at our toll-free line, 800-706-4741.
If he says "sure" one more time...
😂
We have had 1 rental property since 1999 in South Dakota and do not have it in an LLC. Our names are on everything , Deed etc. If we do an LLC now how do we hide our names?
Reorganize into anonymous LLCs and don’t personally be the registered agent (have an attorney be the agent), and probably do so through Wyoming for best protection of personal ID.
Do you take calls from people who want your opinion on trusts and wills?
Hi Natalie, thank you for leaving your comment. You can request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. You can schedule it here! --------> aba.link/tobyss