Setting Up an LLC Top 3 Mistakes

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Пікірлер: 45

@zizabrand6281 3 жыл бұрын

Karlton always dropping the gems

@karltondennis 3 жыл бұрын

Hell yes!!!

@marioleon3038 3 жыл бұрын

Hi buddy, your the best at this👍

@jenmal898 11 ай бұрын

Great video!

@WatchMeMsCali 2 жыл бұрын

Love all the videos

@10XL19 2 жыл бұрын

Good information

@w1nk66 2 жыл бұрын

You da man. I spoke to your office and look forward to working with your team

@thebritneybrown Жыл бұрын

Hello, there. I have to say I stumbled across your page while searching YT trying to find the proper explanation for mortgage interest with intentions to strategize going into a multifamily as a first time home buyer; just seeking information and learning at the moment. That was 24hrs and 5 videos ago. You have me in a chokehold and whatever course you mentioned about learning more about taxes and how they can work for me, I'll most likely be signing up. Here I am, excited to go through your catalog to create a strategy, lol. Thank you sir, keep doing what your doing and sharing info how your sharing. -Brit. Your future millionaire real estate investing client. 💕✌

@titanjake8640 3 жыл бұрын

I will be reaching out asap

@TEAMPORTIS 3 жыл бұрын

Real Game Right Here

@karltondennis 3 жыл бұрын

Thanks bro

@Jahguaar 2 жыл бұрын

I am committed to self-development and thriving.

@titanjake8640 3 жыл бұрын

Turn it up

@rainairehansford2842 3 жыл бұрын

Do you have a video on how to start LLC's

@brianbennett7179 2 жыл бұрын

My family is thinking about starting a indoor mini tent rental for kids 5 and up, but startup cost would be more than the $5,000 that you get for an LLC. Is there a way to get more of the cost covered?

@davidclarke2168 Жыл бұрын

Karlton: I am a real estate agent and hope to build passive income with investments, etc. I have an LLC, but have had no real income in that LLC. I'm thinking of converting it to an S Corp, but I'm wondering if I should keep my current LLC (calling it my "business") and create a new entity as an S Corp UNDER the existing LLC. In other words, do I need two entities, or just one?

@nataliegallon7186 Жыл бұрын

I'm not sure what to do since I retired after 31yrs. on a job. Receving a 1099 now and have to pay my own taxes at the end of the year. People have mentioned for me to get a LLC in order to reduce my taxes I have to pay back. I own my home, paying on an auto and retired. Need advice on what I could do to making more money & paying the minimum taxes while being retired.

@josehorta464 2 жыл бұрын

Hello Karl tonight! My dad it's trying to form an llc wants to add me as a co owner and need help with that. But looking at your videos it feels like the proper move is an s corp move. Would really love your feedback.

@beautylovemocha 3 жыл бұрын

Hi I already set up my business as an llc I haven’t officially launched yet. I am still in the workings of doing a website get quick books etc. what do you suggest

@user-ho4qi7eo4o Жыл бұрын

I have a Trademark, I'm working on intent to use. I've purchased software, laptops and equipment to go with my work flow. I did all this before I wanted to start a business. Can these items be a tax write off if not purchased this year?

@FromThemFarms Жыл бұрын

hello Mr Karllton Dennis. I am wanting to start up a Microgreens business a LLC is not needed because it's it covered under the cottage law here in Oklahoma. But my question is would there be any Bennetts tax or other of putting my business in a LLC.

@RobertRoman Жыл бұрын

If I register my llc at the end of the year do I lose out on $5,000 start up cost deductible or does it get amortized?

@uliacost2928 3 жыл бұрын

Great video, Karlton! Very informative I want to ask: Is there anyway to write-off a Rolex?

@OperationtheHustle 3 жыл бұрын

He actually covers this in the tax write offs for KZfaqrs video 🤣

@karltondennis 3 жыл бұрын

Right there ^^^^

@karltondennis 3 жыл бұрын

Depends on the type of business bro, but it is possible.

@jordanstubbs9933 2 жыл бұрын

Is startup costs filled separately than ordinary expenses for operating the business for the first year once you’re up and operational, or does all expenses through the first year considered startup costs? I would like to know as I’m starting a soft wash company next year and really trying to find the best strategy of book keeping for my taxes that My company is held liable for

@R20055 11 ай бұрын

I’m starting a business LLC I don’t have any income yet do you think I should wait until I have some money to file the paperwork for a LLC. Just file it and start looking for clients. Just to be on the safe side?

@eotc7980 3 жыл бұрын

🚀

@myrany8407 Жыл бұрын

One thing I am having trouble wrapping my head around. What is Startup cost and what is normal operational deductions? Is it that startup costs happen before the LLC is formed and everything else that happens after the LLC is formed is operational cost? or Do I lose operational deductions in the first year?

@Eristhenes Жыл бұрын

Set up an LLC, do not set up and LLC; convert your sole proprietorship to and LLC; move from and LLC to an S Corp?!?!? One could be easily forgiven for being confused as to whether to use the LLC structure or not. From what I have deduced from your videos, the business structure you choose seems to be centered around the income of the business. So, if you are generating less than, say, $50K a sole proprietorship is the way to go, but if you are generating over $100K then an S corp is the way to go. Am I getting this right?

@rodneycolon6666 Жыл бұрын

I would like to open up an LLC for FBA on Amazon buying wholesale and selling retail.. I would also like to open up and LLC for a multi-unit property which would come afterwards...then possibly an A B B. Which one should I start first and in what order.or have a total of 4.. please unconfuse me...thank you for your time in advance... please help!

@CesarMartinez-rp6oh 3 жыл бұрын

DJ Multi Op with a few djs working for me. What is the best approach I also would like to pay myself a paycheck and also a check for them

@ryanbahnsen6429 3 жыл бұрын

Probably S Corp so you can deduct salaries from taxable income.

@skyking1947 3 жыл бұрын

I’d like an consultation on starting a new business rather to stay is sole proprietor or an LLC. You have great videos and you have really peaked my interest.

@wendydsamuel1678 Жыл бұрын

How to avoid self-employment taxes?

@one_day-closer 2 жыл бұрын

Who do you recommend starting an LLC with?

@williamako237 7 ай бұрын

Can I have a one-on-one chat with you boss? I really need to talk to you about creating an LLC

@annettemarie2076 2 жыл бұрын

Hi Karlton, I’m a Singer/Songwriter, and Sketch Artist. I also have collection of vintage Asian porcelain and African American Art Prints to sell. How would you advise me to start my business.

@Libragirl168 2 жыл бұрын

Hello Karlton, I am a Licensed Massage Therapist with an EIN #. I have a mobile business and I am in the process of starting and LLC. I want to be able to apply for a line of Business Credit. Someone told me that I needed an LLC to apply for the Business Credit correct.

@jonathanescobar3699 Жыл бұрын

I believe if u have llc and EIN number you should have no problem getting business credit

@skyking1947 3 жыл бұрын

Could you reach out to me for a consultation. You have great videos. Thank you