I hope you enjoyed this video! Sign up with www.tailorbrands.com/sf today and get 40% OFF their services using my code: KarltonDennisYT

Thank you so much! Have watched several videos on the various subjects regarding LLC formation and NONE were as articulate and informative as yours. You've been a great help!

Great advice and knowledge that was really helpful! Appreciate you! Still have more information to find out what will be the best move for business set up plan! Will continue watching your videos!

bro, your timing is always good 😎👍

Thank you for explaining this! Your video is the only one I could find that explains the difference clearly.

Great videos!! Always very very useful Info!!

Bro, you slid that sponsor in super smooth. Haha. Great transition 🤣

I really appreciate your videos -- Good job!

Hey Karlton! Can you do a video on how to form/get a management company and what is needed and so on. Would love to hear about tht honesty.

Thank you for the excellent information

Thank you so much for this- super informative 😊

I was just talking to my lawyer about this last week. ♥️

This is excellent, thanks.

Excellent vid sir.

This is a very informative and clearly presented video. Thanks!

Dude!!! This explained everything I needed to know! Very into detail with this to where I can understand and feel comfortable having the knowledge I needed to be able to be confident in the choice of business I want to start

Hey, Karlton! Thanks for all the great content!! 💪🏼🔥 Out of curiosity, do you have a channel somewhere called “Tax Alchemy” or “Taxes Made Simple” ? Lol

awesome thanks for doing this video was very helpful

Great info!!!

That is Great Free info Thank you!!

Great vid! Can you do a video on tax benefits for renting your cars on turo!

Great way to explain this all, thank you!

Hi Karlton. You videos are really great & informative. Just a side note on your sponsorship with Tailor Brands, I’m not pleased wit their services. The issue is that the leave you I the dark on detailed/itemized products/services. They do not provide any tutorials, leaving you isolated & searching for items purchased. I’d like to streamline my Start Up expenses in advance. I’m only sharing, because I subscribed to your channel. Keep up the good work. S. Fridge

And you speak well. Thank you

Excellent video, very informative 👍

Can you do a video on how to avoid paying capital gains tax ? I invest in crypto, stocks, and forex, and I heard that by living in certain countries you can pay 0% capital gains tax, so what's the best way to structure our business so that we can reap those benefits. Thanks for your time Karlton !! 🙌🏾

Fantastic video! Thank you for your hard work!

Great video! You gotta answer some of these questions. Engagement is key!

I always heard that a partnership is the one ship that won’t stay afloat.

Great vid

Awesome video as usual, Karlton. Quick question, who can be a registered agent for all of the documentation needed to open an LLC?

Believe it or not, it gets more complicated. As a tech contractor, I can be paid C2C (meaning, the company pays another company), or w2. (clearly diffrent rates). I'm thinking of using an LLC, or other company to share my income with my girlfriend, so, she can have more income, and I would have less. so, the corp, can have $0 profit as far as I care.

Thank you so much for your information. I have subscribed and will be following your channel

Great info. We are married filing jointly and both would contribute to the business in different roles.Just based on that, which direction is better to take? Single or multiple member LLC?

👏🏾👏🏾👏🏾 *Great content! I was under the impression you can allocate ownership and/or profits in unequal portions according to how your operating agreement is structured.* _Is this not the case?_ 🤔

“Charging Order Protection” Can you please do a video on this. Not too sure how this would effect legal action for personal credit collection. (piercing the veil). Is a two member LLC better protection against this possibility? How does personal bad credit/ debt collection effect a single member LLC? In other words...should I put it in someone else name and be an employee? Thank you 🙏🏼

Very helpful

For multi-member LLCs where members work from their respective, separate homes, is each member able to deduct the appropriate expenses (home office, laptop, etc.)?

Hey Karlton, love your content! If I were planning to airbnb my condo overseas and would like to form an LLC for it, would it be considered ordinary, passive or portfolio income?

If you are a multi-member LLC ( 2 owners, 50/50 ) is switching to an S-Corp still a viable option if the business is Netting $75,000 per year? THANKS

I plan to start my LLC while also continuing my 9 to 5. Last year both mine and my wife’s tax returns were affected because of my freelance income. Will a single-member LLC still affect those personal taxes?

Can you have multiple companies under one LLC? And should you?

I’m doing it.❤

Do you have a video on material participation and partnerships?

Thank you for the information! Is there a way you can change from a single member LLC to a Multi member LLC ?

If the structure is LLC managed by all members but there is still sole owner do we have to file only 1040 or 1065 form as well? Thanks

Thank you for your videos, they are extremely helpful. I have a question. What are the pros and cons of having your spouse part of the LLC?

Great content brother. Can you make a video on sovereign citizens?

my llc formed with me, my husband and my mom. but since me and my mom is not really active, I would like to remove me and my mom from the LLC and leave who is working which is my husband alone. After watching this video, I learned that llc formed only with my husband will be called single member llc and we will save some time and money for form 1065. am i right? so then, how to remove members of llc? thanks for the video and thanks in advance for the answer.

What about Single member LLC for New York State charging order protection?

Wait but I thought multi member doesn’t get self employment tax ?

Can you change from a single LLC to an multi member LLC after you created a single member LLC ??

Sir I need to add my co signer to my llc so I can get a loan is that wise and after I get the loan how easy is it to take him off

What’s the difference between multi-member LLC and an LLP. Looking into this to buy investment rental properties with a partner.

Can a partner (filing jointly) use / get paid through their spouse's single member LLC?

So... If i were to create my Own Property Preservation Buisness and I owned it, and I decided to hire some people.... How could I go about that?

I just started my LLC for crypto currency mining. Tons a questions yet to be answered, and if you're interested, maybe a video of the current tax implications of popular actions...

Is it true that you and your spouse cannot be multiple members LLC ???

As a national insurance agency what do you recommend

Is is a good idea to put multiple businesses under one LLC?

I created a LLC for trucking and added my wife as a member not knowing it would make it a multi member LLC and and complicate things a bit more. Can I change it? Since she doesn’t work for the business?

Can't single member LLC's elect to be taxed as an S corp so the taxes don't pass through?

Does a single member LLC in California need to also file for a DBA?

Would owning a property in another state require for me to get another LLC for that property if I’m planning on renting it out?

Any advice for people whom want to start a business and keep doing their current job . I get paid 1099 and just jumped into my LLC but I’m lost on how I would do my taxes. Do you have a local address or a way to get a hold of you for advice/consultation.

I opened my LLC through zenbusiness, come tax season I was just told that it was a partnership EIN… I didn’t intend to partner with anyone nor is there another name in the SOS data, so who is the partner??. How do I switch this back so that it is for a single member only? (Me) feedbacks are much appreciated

how to become number 1 a sovereign citizen

How does it work if they are two owners with 50% but then also a side investor that is not an owner but an investor of 20% on an LLC?

Yeah I have a? About pantwrship llc vs mutli members llc wat us the difference

Can you sign up to uber doordash etc as an LLC?

When applying for the ein am confused when I put two members. What should I select?

Do any of these requirements change for a multi-member LLC member managed by a married couple?

My anti-virus blocked tailorbrands and alerted me to malicious activity from their site.

And ty for the video

Does a single LLC have to file a beneficiary ownership report?

Does this apply for truck drivers on 1099

Hi. Thanks for sharing such informative video which cleared up some of my confusion about starting an LLC, however, I have one question to ask, and will appreciate if you can guide me on it. I need to start an LLC with three other partners who live outside of US and have no status here. If, in case my LLC gets a lawsuit, I am sure they could easily slip away and only I will have to deal with it. What would you recommend I should do? Thank you.

Can a person receiving SSDI be a member of an LLC

Can you simply have a single member llc , the single member being the ceo, with an advisory board. Just that to begin...?

if obtain an EIN and a single member LLC, once i become a multi-member LLC will i need to obtain a new number?

Ok

start watching after 2:45

Karlton, I have a question. I filed as a Single LLC but added member (my husband) does that automatically make it Multi-Member?

When it comes to loans and mortgages, do you get a higher sum if you have multi people LLC than a singles person? Thanks

What is the address of your office

Ill got LLC single member only is ill heard its better and ill messed with tailerbrand ill use

Are you in California state ?

Tailor brand i want to my LLC ill already got myz September 11 2023 active with my LLC from

Can minors be members of a Multi-Member LLC??

How do I file for a single llc?

😃👋🏽

An accountant is not an attorney and not qualified to give legal advice. An LLC is a corporate entity. Only a custom drafted LLC is going to be valid. When the LLC does not have 3 members it is easy to pierce the corporate veil, if they are sued. You should only provide tax advice if you are a CPA. Your legal advice is WRONG!

Who is creating the 1065 and the K1? Our CPA?