California Investors - Learn How To AVOID the Franchise TAX & SAVE Thousands

Maximize Your Tax Savings in California: If you're an investor in California, the franchise tax might be a significant concern. In this video, we unravel strategies to legally sidestep the franchise tax and save more of your money.
Joining me is Carter Coons, Esq., an expert in tax law, to shed light on this crucial topic.
🔗 Unlock the Secrets to Avoiding the California Franchise Tax: Equip yourself with the knowledge to navigate this tax landscape: aba.link/fc6481
The California Franchise Tax is a mandatory fee for corporations and LLCs operating within the state. While it offers certain benefits and protections, the annual $800 tax can be burdensome, especially for businesses operating at a loss or those that remain inactive. But did you know there are legal avenues to mitigate this?
🔑 Key Insight: "For Californians, understanding this strategy isn't just smart-it's essential." - 9:08
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Navigate the complexities of the California market with confidence. We're here to provide the insights you need to invest and operate your business without the looming shadow of the franchise tax.
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Video Breakdown:
0:00 Intro
1:26 The Solution to Franchise Tax
5:07 The Power of Wyoming Statutory Trust
8:13 Strategies for Massive Savings
9:51 The Role of Anonymity in Asset Protection
11:34 Commonly Asked Questions
13:54 Real-life Examples
15:25 Effective Business Structures
17:17 Final Thoughts
19:00 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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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.
#californiallc #llc #franchisetax

[@TobyMathis]

Have questions about this video? Sign up for a free consultation to get your questions answered by the professionals. aba.link/fc6481

[@jeffreyhalverson83]

Doesn't CA classify out of state Statutory Trusts as “business trusts"? And they may not be subject to the franchise tax, but they are subject to California’s corporate income tax?

[@billstephens5472]

Hi, great show, get the lights Up! fellows! I live in Virginia, but I am thinking about placing my California property into a living trust or at best doing a 1031 exchange. Would I be subject to California LLC gross receipts tax providing I sold the property outright, what about if I used a 1031 exchange?

[@TobyMathis]

Hey Bill! Thanks for reaching out to the Anderson Social Media team! Join our experts every other Tuesday, founding Anderson Business Advisors Partner, @TaxWiseToby , Esq. and Jeff Webb, CPA, and get your TAX questions answered LIVE!
Register and submit your questions here: andersonadvisors.com/tax-tuesdays

[@user-vh7np1xx4w]

What if you have a loan on the asset, can I still have a WST and WY LLC

[@robertduffy5805]

"WST Similar WLLC" What is the downside of the dissimilar parts? Normally you cover the pros and cons, but this time it didn't seem like it. btw This would have been a great one to use Clint's whiteboard on. lol

[@corynorton8597]

I have just one property in California where I reside. I want to get a Wyoming Statutory Trust even though my property is set up as an LLC in California? Later I want to live in the house for 2 years to avoid the tax burden when I sell it. I’m retiring this year and want to travel but will I need to pay California state tax if I live with my family in Oregon? How can I contact Clint or Carter to handle this for me?

[@TobyMathis]

Hi Cory, 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. Here are the individual links for Clint and Carter: aba.link/clintss - aba.link/carlss

[@mikaelekeni]

Aren't WST's EXPENSIVE to set up? Also I believe they are treated like securities. Correct me if I'm wrong...

[@BossChronicles]

How u set this up

[@TobyMathis]

You can contact my team by visiting aba.link/tobyss

[@raulthepig5821]

This is beyond my understanding but I like what I'm hearing. How can I find out more?

[@TobyMathis]

Hi Raul! Thanks for reaching out to the Anderson Social Media team! Join our experts every other Tuesday, founding Anderson Business Advisors Partner, @TaxWiseToby , Esq. and Jeff Webb, CPA, and get your TAX questions answered LIVE!
Register and submit your questions here: andersonadvisors.com/tax-tuesdays

[@redshiftmedia2485]

Is this Clint's relative

[@TobyMathis]

Yes! Such a great young man!