LLC vs. S-CORP: When NOT to become an S-CORP

Рет қаралды 428,582

3 жыл бұрын

Need help with your small business tax & accounting? My company helps business owners save up to $30,000 dollars per year in taxes. Book a free consultation here: www.jumpingjacktaxes.com
This was a highly requested video from my subscribers and I'm glad to bring this to you. I could have made this video 10 minutes but I like to go in-depth so you understand terminology and the WHY behind how things work. I want you to be able to explain this to someone else! So here it is.
DISCLAIMER: I am not giving you financial or tax advice through this video. This is simply a breakdown with examples. Always consult a tax professional or lawyer about your business.
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With a growing financial services company, I love to share tips and information I've learned over the years to push my company over the $1 Million Dollar Mark.
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Пікірлер: 1 000

@mmartin8341 3 жыл бұрын

As a business attorney who teaches my clients this type of information ALL THE TIME, you broke this down so nicely! Well done!! 🙌🏾

@yadacashfirsttimeherewitha8435 3 жыл бұрын

Yeah he did. Frfr

@LittleTut 3 жыл бұрын

One particular lawyer says that a lot of states wont recognize single member LLC for law suite protection. But I didn't know single member LLC is taxed same as sole proprietorship.

@TheRealPrinceCastro 3 жыл бұрын

Is it safe to say reasonable salary should be 30%?

@Pinkestluv 3 жыл бұрын

Does the distribution amount counts towards the total net amount? For example, he states he’s paying taxes on $50k, then received a distribution amount of $50k. Total net 100k. If I were purchasing a home, would the banks take into consideration the $50k or the $100k?

@jestes7 2 жыл бұрын

@@Pinkestluv I've thought about this too, and it's the 100k if I'm not mistaken, because it's still income, just not income that counts toward the SE tax.

@ytb473 3 жыл бұрын

As an Accountant, folks look at like we’re crazy when we say this! Thanks for breaking it down ☺️

@lalapapa3112 3 жыл бұрын

How are partnerships different?

@brandypeay5350 3 жыл бұрын

@@lalapapa3112 my same question what about partnership vs scorp

@patwilliams2563 2 жыл бұрын

@@brandypeay5350 Same difference....you will just claim a your partnership portion of the Net Loss or Net Income

@thesinghhh Жыл бұрын

Can you answer this for me please....In S-Corp we save self employment tax but then S-Corp also have to pay tax, then isnt it double taxation because even if S-Corp is a separate entiity we still own it and it has our money. we saving 15.3 to pay 21% in tax?

@scott8193 Жыл бұрын

@@thesinghhh go with c corp if you’re making good money and plan on having employees

@michelleg2658 3 жыл бұрын

This video took 95% of my stress away on what decision to make for my cheesecake business. My LLC was approved last week and I wasn’t sure if sole proprietor, S Corp, or C Corp was the right one for me. Very informative video. Straight to the point. SHOWING and not just TALKING about the breakdown of net worth is what made EVERYTHING clearer!! Excellent job Mr. Donnell

@zairelaroussi7753 3 жыл бұрын

I want some cheesecake

@dsharie2085 2 жыл бұрын

My husband's favorite food is cheesecake. What city are you based in?

@dsharie2085 2 жыл бұрын

Can you possibly collaborate with me on making a cheesecake for our anniversary which is April 18th?

@kellykelly5128 2 жыл бұрын

@@zairelaroussi7753 😂😂

@pepper.greens11 Жыл бұрын

@@zairelaroussi7753 Same as I'm looking to set up for my Microgreens Business

@DJCraniac 3 жыл бұрын

“This isn’t going to be a long video” *37 mins later* 🤣🤣 Great content man!!

@VinceBreeze 3 жыл бұрын

"Crunch the numbers and see if it's worth your time" this is one of the most important takeaways from the video

@mk2mister2 2 жыл бұрын

6:33 This is partially correct and needs clarification. LLCs are taxed as Disregarded Entities (similar to Sole Proprietorships but they are not Sole Proprietorships because they are LLCs), partnerships, or Corporations (C-Corp and S-Corp). An LLC can elect to be taxed as a Corporation (a C-Corporation by default), but must invoke a Subchapter S election in order to be taxed as an S-Corp. Great points made in recommending using a payroll company when operating as an S-Corp. It's a pain to do it yourself. Also, paying yourself a reasonable salary is so important while operating as an S-Corp, which you pointed out so well. So many people underpay themselves so they can avoid paying the SE tax and they get flagged by the IRS.

@ElizabethAnn95 Жыл бұрын

This right here - is exactly what I needed! There are so many titles on KZfaq that say they are about S-Corps but when you watch the video they are practically giving no information and instead boosting their own class videos that you have to pay for. To basically a waste of time. Your videos are 1000% worth watching! Tons of information

@authenticteecee 2 жыл бұрын

This video is great bro. Thanks for helping us

@danicaswanson6070 3 жыл бұрын

As a CPA, I really love and appreciate this video. I see so many people who "hear" things without understanding them and then act upon what they heard, which can be expensive.

@alexandersilva5446 3 жыл бұрын

I've listened to a host of people sharing about LLC vs S CORP that made me feel I made a mistake starting a business. I've considered surrendering my license to operate feeling I may have made a mistake. Your approach in teaching on the subject has given me some relief for the first time. seeing a realistic perspective how the two business paths work was refreshing. Thank you for sharing your gift of knowledge. W. Bentley

@dannybui3542 3 жыл бұрын

Finally a real dude explaining it in a way that even a 5th grader can understand. Cheers to you Prince! I appreciate you!

@techkadreclub4940 3 жыл бұрын

Exactly, simple and to the point

@diamondmetalworks13 3 жыл бұрын

I’ve asked a lot of people with businesses about this stuff and they couldn’t explain it. Thank you Sir. You are wonderful.

@galatogold_ 3 жыл бұрын

As an artist 👩‍🎨 this video can help a lot of individuals that don’t understand. I appreciate you king 🤴

@terrylynnstudios 3 жыл бұрын

Same here. As a visual artist I’m Debating llc vs llc taxed as scorp

@michaepwright 3 жыл бұрын

Thanks for this! Especially working out the breaking point. That’s gold

@elledewanna9348 3 жыл бұрын

I am a SO GRATEFUL that I found your channel!! 🙏🏾

@apittman2089 3 жыл бұрын

I’m not even done watching but wanted to stop and say how much I appreciate the value you bring and how you simplify the info! I’m a visual learner so this was sooo helpful!! Thank you!! 💕‼️🙌🏾

@Idkjustyet 2 жыл бұрын

Same 💯

@charlesosimeon6375 Жыл бұрын

I hate Taxes and Numbers; he got me excitingly engaged with his body movement.

@benjaminjefferson6213 3 жыл бұрын

IM WATCHING YOUR VIDEOS FOR THE FIRST TIME AND I LOVE EVERY BIT OF IT... YOU ARE REALLY GOOD WITH TAXES. KEEP UP THE GOOD JOB.. Glad to be part of this family

@techkadreclub4940 3 жыл бұрын

Niice, best breakdown of SCorp and LLC I've seen so yet! Appreciate this Light Prince Donnell.

@sheriftemraz4331 3 жыл бұрын

Thank you! I am an accountant and I try to convince my clients with a small net profit not to elect an S Corp. I will refer your video to them :)

@TheCmbilyeu 3 жыл бұрын

Thank you for this! I’ve been watching/reading tons of materials on this topic and with just your 37 minutes - I now totally understand the break down.

@madisons712 3 жыл бұрын

Ugh! The simplicity in this breakdown. So clear and concise. Thanks!

@in-houseon-sitelegal2124 3 жыл бұрын

I discovered these videos after I opened this account to post info videos for my legal business. These are really well done, and as a lawyer, I see these as really useful information for clients. I'd like to see more videos that break down important concepts that professionals often confuse by trying to show off all the new words they learned in graduate school. We're trying to make our videos straight and to the point on our channel, when it comes to various legal issues.

@bebraveforonce-themovement7135 Жыл бұрын

Yep, another extra thorough outstanding video. Thanks for the consistency of value in all your videos 👍🏿🙏🏿💯

@Organizeaspacellc 3 жыл бұрын

Thank You for this Lesson. This has been very helpful!!! My CPA sat with me this weekend and informed me such as you've done here. This video was full confirmation. You broke it down to it's basics. Great info!!!!!

@CrossThread21 2 жыл бұрын

Great video man! I was looking to start a hauling company and I appreciate the info for a new guy. I'm 35 and almost incapable of learning new info but you did an awesome job. Thanks

@KayBellaDolce 3 жыл бұрын

I love how you explain ... thank you for dropping Gems!

@silverfox7986 3 жыл бұрын

Loved the video. Very informative and easily explain. I learned something from you faster than trying to find info on my own - my time right!! You saved me time today. Thank you Prince Donnell

@eapacheco3568 Жыл бұрын

This is exactly what I need it to heard today. Big s/o to you for the info and laying it down easy enough for me to understand. You have gain my support

@markuzantwahn6351 Жыл бұрын

Wow, I'm impressed you did that all with no edits! Incredible content, and I learned a lot. Thank you for your time and for giving me clarity 🙏🏾 🙌🏿💪🏾

@nicknunu3374 3 жыл бұрын

Great video! I've heard multiple explanations of this from other CPAs but I wasn't grasping the full picture until this video! Thanks for the great content!

@vellissagamble3475 3 жыл бұрын

You are an amazing Teacher!!! I completely understood everything you said!!! Which when it comes to this stuff it is way over my head!! I even shared your video!!!..I am looking forward to watching and learning from your other videos!! Thank You!!!! You are a Blessing!! ..I bought Nolo books thinking I would understand but you clarified alot clearly!!

@jeremiahbrownlee2299 2 жыл бұрын

I'm new to being a business owner, and have been studying up on how to tackle my taxes. The number 1 thing I have learned is that taxes are hands down the worst thing about owning your own business, proving once again that the government ruins everything. Great video, so well broken down!

@SuWoopSparrow 2 жыл бұрын

Government doesnt ruin everything, the US is just a shit place to do business. Propaganda aside, third party research ranks the US very low for business freedom and entrepreneurship. Business or individual, the US really wants to waste your time. The fact that the IRS wants you to file obnoxious tax forms when they already have all of the information they need tells you this. Many other countries automatically or near automatically handle taxes.

@user-mf4gz3sp1q 9 ай бұрын

...get off the court if you're scared to play the game...victimhood won't get you anywhere in the real world...

@jeremiahbrownlee2299 9 ай бұрын

@@user-mf4gz3sp1q I said nothing about not playing. Chill, random.😂

@jeremiahbrownlee2299 9 ай бұрын

@@SuWoopSparrow you disagreed with me and then proved my point. 😂

@SuWoopSparrow 9 ай бұрын

@@jeremiahbrownlee2299 "The US has a mediocre business environment" and "government ruins everything" are two very different comments. Do you think the US government is the only government in the world? Plenty of governments that streamline the business process and increase business likelihood of success. 😂😂😂

@MarquisCJones 3 жыл бұрын

My Brother,,,, love this ACCURATE breakdown,,,, much respect

@SHOTBYCLEVACAMZ202 3 жыл бұрын

Thank you my brother. You cleared it up for me in such a phenomenal way. Thank you for helping me. I shoot music videos and im about to become an LLC. THANK YOU once again. Keep grinding soldier. 👍

@arielgallegos2363 Жыл бұрын

Thank you so much for the detailed information with the included examples!!! I’ve heard the same information from other KZfaq pages but you’re the first I’ve found that broke it down into layman’s terms. I now feel confident to move forward with my business. Thanks again!

@tylersteele6798 2 жыл бұрын

Hey just wanted to say THANK YOU for this stellar breakdown. My head was swimming with internet pros and cons on this topic, and nobody was giving a simple breakdown like this. Super appreciative! Now on to focusing on the business of my business 😁😎

@AsManThinketh Жыл бұрын

After well over 6 months of wasted time thinking about this, researching so much... you broke this down so concise and to the point, i wish i would have watched it all that time ago and saved myself. Thank you so much for this video. I would love to have your cpa/tax team behind me as we grow! It seems like a very short supply of cpa's who even entertain taking on mew clients in my area. Constant struggle for good help. That's why I'm endlessly thankful for your videos!

@phillishathompson3871 2 жыл бұрын

I really enjoyed this video because you broke it down in such a simplistic manner that it anyone could understand. I also appreciate your emphasis on obtaining assistance by an attorney or CPA for their expertise instead of trying to handle all of these things on your own. It also was helpful to understand that the people that we employ to help should have a complete understanding of the type of business we have. I truley think that all of the information that you provided will help me excel as an entrepreneur. Thanks sooo much!!!

@corinnejohnson9121 3 жыл бұрын

Thanks for breaking it down! My cpa recommended that I go S Corp & now I have a much better understanding on why. Be blessed young man

@hleso6731 Жыл бұрын

Sir … you are the truth. I have been SEARCHING for someone with your energy, knowledge & commitment to honestly help & breakdown these scenarios the way you do. I cannot thank you enough for the time & energy you devote to these videos.

@joseleneforgues4424 3 жыл бұрын

I learned everything I was looking for in your video. Well explained ☺️.. I made a lot of research none was able to really helped me understand it that way.

@damianshowell8975 3 жыл бұрын

Thanks for sharing great content , knowledge, and wisdom .

@noelanapoleon6486 3 жыл бұрын

I'm a business consultant and in business for over 26 years. Well done! I'll share this with my business clients.

@jco482 3 жыл бұрын

And... another awesome 37 minutes on KZfaq!!! Thank you so much for your help!! 🤩🙏 👋

@alexl8392 2 жыл бұрын

I watched a few vids before this 1... I have to say this is the easiest to understand, very well balanced, & advocates for the nuances of each individual/business dictating when that point should be for switching over to S-Corps 👌🏾 great video. #NewSubscriber

@uncleeateatsmokehouse3109 3 жыл бұрын

I watched this a couple times and I feel better about what I'm getting myself into. I have way better understanding of paying your taxes. Thanks fam🤝🏾

@Rshtuni-Papikyan Жыл бұрын

👍✌️

@gianamitchell5857 3 жыл бұрын

Thank you so much for breaking this down in a clear, easy to follow way. Also please thank your mom for making you easy on the eyes !!

@gilbertromero6824 2 жыл бұрын

Best video I've seen on the breakdown between the two. Appreciate your knowledge brother.

@eriktiner2076 3 жыл бұрын

Mr. Donnell, this was an excellent video and explanation. I have just finished my first year in business. My tax attorney was advising almost the same exact jump off point of $50-$60K. He did not go through a long explanation like you did but now I understand why and how it works. Greatly appreciate it. Good luck with your business sir!

@MissPinkapples 3 жыл бұрын

Thanks for this explanation! After watching so many videos on KZfaq you definitely explained it the best! ❤️

@texascoqui9789 Жыл бұрын

I love how thorough you are explaining this. Thanks man! 👍🙌

@charlestchameu5730 3 жыл бұрын

You made my day today just listening to your videos including this. Keep up bro!

@CandaceWilliamsVideo 3 жыл бұрын

This was so good I’m in process of getting started for my LLC this information was amazing I’m overwhelmed but my questions are answered

@briannguyen1897 3 жыл бұрын

Great content, Prince Donnell. Let me add something as a CPA, this video is not stressed one important part of business taxation. You being tax based on your NET INCOME for business. In other words, don't forget to take any allowed business expenses or employee benefits according to the law. As an S Corp, you have more options, depending on where you live, on what you deduct for business expenses and employee benefit. Most importantly, as Prince Donnell said, get a consulting or asking a tax professional first before making any important decision, even if you decide not to employ them to file your business return. It is the job of a public accountant to help the public after all.

@Joeygms53 3 жыл бұрын

Great content! My wife and I are starting a business and this was very informative. Thank you and I hope that you have continued success with your business!

@christieeckler 3 жыл бұрын

Thank you for sharing this great example. You helped some of the items click that my CPA suggested. I appreciate you.

@sterlingfreeman1664 3 жыл бұрын

Haha I appreciate you, thank you for posting, you’ve been there to guide me in to sturdy footing

@briannaleigh825 2 жыл бұрын

Omg I just want to say THANK YOU SO MUCH, I just got my LLC today and of course a ton of “be an S-Corp” videos came up freaking me out. Holy crap, you explained and broke this down so well for me that noooooo ones videos on youtube ever have! I’m so thankful!! Definitely have a new subscriber. 👏🏽🤞🏽

@_TheGeographyBible Жыл бұрын

ʟᴇᴛ'ꜱ ᴛᴀʟᴋ ɴᴏᴡ📝☝️☝️, ʏᴏᴜ'ʀᴇ ᴄᴏᴍᴍᴇɴᴛꜱ ᴀɴᴅ ʀᴇᴠɪᴇᴡꜱ ᴀʀᴇ ᴀᴘᴘʀᴇᴄɪᴀᴛᴇd?

@egogutpunch6505 3 жыл бұрын

Every time you speak, you bring value!

@sharijackson3870 Жыл бұрын

I want to thank you so so much for publishing this video. I am just starting my business. This brings so much clarity in a simple video. I am glad I was up at 3 a.m. watching you tube videos for inspiration.

@350Gizzle 3 жыл бұрын

THANKS FOR THE KNOWLEDGE KING!!

@diannew117 3 жыл бұрын

Thank you! This was so very helpful .

@glorialeon1256 3 жыл бұрын

Thank you for sharing your knowledge, Prince! Very detailed and very well explained! We appreciate all you do!!

@michaeltaylor981 Жыл бұрын

You did an awesome job breaking this down! I had watched several similar videos, but this was by far best and I actually understood. Thanks!

@dejesus1368 2 жыл бұрын

I was looking for information to send to my daughter because she is starting her business. I think this video was extremely helpful! Clear, precise, and down to the point. Thanks!!

@PrinceDonnell 2 жыл бұрын

Glad it was helpful!

@jessediaz27 3 жыл бұрын

This video was very helpful, I'm at the very beginning of creating my LLC! Looks like I'm going to go with sole proprietor for the first years. Thank you very much!

@CLifemusic 2 жыл бұрын

The sole proprietor is part of the llc? My wife and I are starting a home daycare soon,so trying to do my home work

@caelexon708 2 жыл бұрын

@@CLifemusic I believe a sole proprietorship would be a "single member llc"

@CLifemusic 2 жыл бұрын

@@caelexon708 ok thanks for the info.!

@jeffstowe4860 2 жыл бұрын

Hey Professor D, you explained this very accurately to the T without the BS and kept my attention to learn; much better than my econ prof in college. THANK YOU! SUBSCRIBED.

@multiversespeaks 3 жыл бұрын

*This was an excellent video and you provided realistic scenarios and expectations from a 360 degree perspective.* Thanks a million!

@AmberBenford 2 жыл бұрын

This is so helpful, for some reason it’s hard to get clear, direct responses about these types of questions. I feel better equipped to enter 2022 as a young entrepreneur. Appreciate you 🙌🏾

@_TheGeographyBible Жыл бұрын

ʟᴇᴛ'ꜱ ᴛᴀʟᴋ ɴᴏᴡ📝☝️☝️, ʏᴏᴜ'ʀᴇ ᴄᴏᴍᴍᴇɴᴛꜱ ᴀɴᴅ ʀᴇᴠɪᴇᴡꜱ ᴀʀᴇ ᴀᴘᴘʀᴇᴄɪᴀᴛᴇd?

@awdayshys1worldwideenterta513 3 жыл бұрын

VERY good breakdown and example that simplistically puts things in perspective. Thank you so much Prince. More success!

@littleladyproperties1874 3 жыл бұрын

Thank You King. I appreciate your sharing this powerful information with us!

@krow3283 Жыл бұрын

Wow! Thank you for breaking this down so well! Greatly delivered for clear understanding!👌🏾

@adamcortese8554 3 жыл бұрын

Very well explained and good examples.

@DaKidGowie 2 жыл бұрын

Broke this down flawlessly. Thank you!

@jeffstowe4860 2 жыл бұрын

Ditto.

@_TheGeographyBible Жыл бұрын

ʟᴇᴛ'ꜱ ᴛᴀʟᴋ ɴᴏᴡ📝☝️☝️, ʏᴏᴜ'ʀᴇ ᴄᴏᴍᴍᴇɴᴛꜱ ᴀɴᴅ ʀᴇᴠɪᴇᴡꜱ ᴀʀᴇ ᴀᴘᴘʀᴇᴄɪᴀᴛᴇd.?

@_TheGeographyBible Жыл бұрын

@@jeffstowe4860 ʟᴇᴛ'ꜱ ᴛᴀʟᴋ ɴᴏᴡ📝☝️☝️, ʏᴏᴜ'ʀᴇ ᴄᴏᴍᴍᴇɴᴛꜱ ᴀɴᴅ ʀᴇᴠɪᴇᴡꜱ ᴀʀᴇ ᴀᴘᴘʀᴇᴄɪᴀᴛᴇd.?

@sophisticatedsoulvegan1031 Ай бұрын

You have helped me so much. I was lost, and now im learning. Thank you so much, and "STAY BLESSED"

@elzy133 3 жыл бұрын

SUBSCRIBED! I love how you break everything down!!

@domoniquebrown5789 3 жыл бұрын

Thank you. Your very intelligent and detailed.

@pedropereira3291 3 жыл бұрын

Amazing video my man you should charge for all this knowledge you cleared so much up for me thank you

@imdodo9512 2 жыл бұрын

This is the hands down best explanation on youtube so far. Owned a business for 20 years and had no idea about LLC And these tax brackets. Thank you so much!

@MRRAY84 Жыл бұрын

Great information bro, I'm currently restructuring a family business. This gives me a blueprint to work with on the finance side of things. THANK YOU!!

@TeesSmootheSounds 3 жыл бұрын

Thank you Prince for this Excellent Tax Presentation! Continued Success & All the Best to You & Family👏🏿👏🏿👏🏿🎤🎤🎤🎤💥❇💥

@TheBeardedKeith 3 жыл бұрын

Fantastic video! My main entrepreneurial job is as a real estate agent (of course I have my side hustles too). So this is been on my mind quite a bit lately. Am I ready to move up to an S-Corp? Your video has helped me realize that the answer is a clear "no". I appreciate you. You definitely gained a new subscriber today. I look forward to watching your future videos and going back to watch your past videos.

@joleneshipp3946 2 жыл бұрын

I just got my LLC. Have not yet got an EIN. Why not s-corp yet for you?

@martinhodge394 3 жыл бұрын

This is an excellent video. Thank you for your help and great information!

@evanmessiha 3 жыл бұрын

BEST BEST breakdown ive seen. Doesnt pretend to be a guru but gives A+ advice you normally would pay for. Subscribed

@WithJaz2040 3 жыл бұрын

This is PERFECT! Thank Youuuuu✨

@kenwhite5880 3 жыл бұрын

When I saw the title I thought maybe this guy doesn't know what he's talking about but for as much as I watched you layed it out well. Love the beard. This is my viewing channel Bearded Accountant is my normal content channel. I give the speech on the breaking point all the time. 50 k subscribers hell yeah I will check out more of your videos.

@Smoothflowshow 3 жыл бұрын

Excellent Video and Presentation Brotha ... keep up the great work and knowledge

@nickzapata3247 4 ай бұрын

AMAZING VIDEO!!!!! This breakdown helped me so much🙏🏼 Stay blessed brother🙌🏼

@georgemoore7196 3 жыл бұрын

Ha ha, talk about breaking it down. Excellent. Thanks.

@brian95240 3 жыл бұрын

7 Streams of Income from 1 business: 1> Retail to customers 2> Wholesale to businesses 3> Creativity 4> Content 5> Courses about product 6> Affiliate Program 7> Byproduct of product

@Deedzproductionz 2 жыл бұрын

whats by product of product

@nihjerrichardson8388 2 жыл бұрын

@@Deedzproductionz I believe it's another product/service you can offer that's linked to the one you already do well. Example Your Apple and you started by selling computers. Music is a huge focal point for your customers, so you sell a music streaming service to those customer's. You started as a barber, you then also start making a special blend of hair products catered to your customers needs/wants.

@alliehubert4614 Жыл бұрын

This video is so important. Really appreciate it!!

@duanelayug9908 3 жыл бұрын

Wow, the way you explain is so on point! I appreciate you my brother!

@hollyeedmonds7472 3 жыл бұрын

Sir thank you! Thank you for breaking this down for us newbies can understand!

@mentosaj6777 3 жыл бұрын

Love this bro, I'm going through and watching all your videos. One question I have is. Are the state fees and CPA/Attorney fees counted as expenses against what you would owe for the year in taxes? Otherwise I'm a little unclear on why you wouldn't save more even if you were an S corp making $30,000 a year... Anyone else who picked up on what he was teaching quicker than I am feel free to chime in as well.

@chadgoyette33 3 жыл бұрын

Excellent articulation of the breakdown between sole prop. and S-Corp. Great energy and explanation. Much obliged!

@PeaceChanel 3 жыл бұрын

Peace… Shalom… Salam... Namaste and Thank You for All that you are doing to Heal our Mother Earth 🙏🏻 😊 🌈 ✌ 🌷 ☮️❤️

@sheriftemraz4331 3 жыл бұрын

SALAM!

@nickhalton4557 3 жыл бұрын

We need that starting a business with one or more partners breakdown

@vonkanon3091 3 жыл бұрын

Then it's simply going to be a partnership LLC I'd assume.

@BrittaniSpeaks 3 жыл бұрын

Completely agree! This is the content I need!

@michelandre7943 2 жыл бұрын

Thank you for sharing the information, easy to follow and understand. Keep these coming, your doing great work. 👍

@nashonnewatkins 3 жыл бұрын

This breakdown example is super helpful. Thank you!

@bigbobjones3765 3 жыл бұрын

Very informative presentation. I would re emphasize that LLC are for asset protection and will not save taxes. Also LLC’s are not complete unless there is an operating agreement this applies also to single member LLCs. You must have a correctly worded operating agreement that you are in compliance with to prevail in court. This should not be a LLC vs S Corp as each serves different purposes. Get both, a separate S corp for operations and a LLC to whole title to business assets leased to corporation.

@lirajean223 2 жыл бұрын

From my research I have seen this but I keep seeing these “Vs” videos. It was very confusing when we see that LLCs don’t effect taxes, only provide protection. Thank you.

@leinadalan 2 жыл бұрын

Depends on what state you live in no?