I stopped cooking to say... THAT BEAT SLAPS! 😂💪

Can we take a moment to appreciate this man's taste in music?

I’m grateful to live in GA where an LLC is only $100 and $50/annually to renew. Thank you for this info

Good high-level subject matter coverage. We subscribed to this model from inception of several business with some or no overlap with the others. We wanted a clean legal path to fund one enterprise using proceeds from another so that all can feed new ventures and philanthropy. Your content delivery style should provide years of value to your channel and consumers. Good stuff.

On an upcoming video can you explain DBA. Having one LLC umbrella several other companies. Please and Thank you.

This is gold thank you so much. I am learning so much. I am definitely going to reach out to your firm to help me with my business.

I really your deliverance of the information….you speak very direct and clear. You also show on the white board how the business structure suppose to look.

He's the right amount of dork and intellectual. I subscribed. Thank you kindly for the info (I'll be back).

From what I have learned from searching about "registered agents", you/we don't have to pay for an agent, you/we can claim our self as the agent and it don't cost us anything.

This is great! Thanks for doing this. I'm interested in learning about funding strategies for the (single member LLC) holding company and how to allocate the expenses of the subsidiary LLCs (some are single member LLCs and some are not but all are owned by the holding company.) Great work!

Love that intro music!

Thank you, this confirmed for me questions I had when it comes to taxes. I knew as a single member LLC it's a disregarded passthrough entity, I just wasn't sure how the IRS would look at it if it was owned by another business. Thank you. Perfect.

Dude thank you so much! This is what’s easier if the best well structured videos in the concept. Other videos are exciting and interesting but the point to their $1000 one time one hour consultation that small fries joe is NOT gonna pay for.

Jim this is good stuff. It is tough when the non blinking eye of the camera provides no feedback. Keep up the great work.

super helpful, love the music

I found your video very informational, thank you very much!

Thank you for answering Myles question and thank you Myles for asking the question.

Great commentary. Thank you for sharing your knowledge!!

Hey can you make a video on structuring multiple businesses, leases and lease backs??

Thanks, this was very helpful. I was about to setup a holdings LLC way before i needed one. Thx for saving me the hassle of having to worry about it. 2 thumbs up!

Thanks Be Very Well Always

This has been a very helpful video, I was wondering how to structure what I want to do... Thank you, I'll be in touch with your Company!

Great Information! Thank you learned a lot!

This has been so helpful with feeling more confident in business decision-making. You are so great!

This is great

I’m soon going to form an LLC in a few months but also plan to create others in the future. When I start another LLC, can I simply create a third Holdings LLC to buy/transfer the previous two to put under the umbrella? What kind of process goes into transferring ownership of an LLC from single member to a new umbrella LLC? Am I allowed to be single member of three entities with one consisting of the umbrella? -- Your videos are amazingly simple to understand and my confidence has raised exponentially. Now I know what I’ll be talking about when I consult with someone who is familiar in my jurisdiction (CA)

Thanks Jim!

Should I use a Holding Company for a Trucking Company to put my equipment under?

That beat slaps! Damn!

Points for the Browns helmet on the shelf. Great tip! O.H.

Thanks for the video! I have an LLC that I created to hold copyrights and domain names, but it sounds like eventually I might need to put the sites off on their own and have a holding company

I have a similar situation except that my businesses are not online. I have two companies that I sell and am 1099 for each. The third will be an actual business. All are home based.

@1:20 Thank you Myles, twas my exact reasoning for searching KZfaq today. Thank you HL for the vid!!! and like +Ladon said, that beat absolutely Slaps! 🤣🤣🤣

So much good info as usual!!! Can you form a Holding company retroactively to hold existing LLC's you already own?

u have the toughest intro for ur field lol love ur content

Great stuff thank you! I am interested in learning more about the process of converting a simple sole proprietorship to an LLC and how you move the assets into the LLC? Also the tax implications of doing so....Not sure if that is more of a CPA question

Very helpful. Could you make a video of the organization structure that you like to use to keep all your files in order?

Great video! Fabulous information! It's interesting to think how CPA's might feel on this topic compared to attorneys.

Jim, thanks for the great video! Question: Can I use one business bank account (as holding company's account) for all LLCs revenues? Or it's better every LLCs has its own account? Problem is there's always a hard pull on credit when opening bank account. More LLCs means a lot hard pulls. For those real estate investors have high mortgage debt/income ratio, it's hard to keep good credit scores already.

Thank you so much for the informative video.

Excellent video! I really appreciate this!

Greatly appreciate the powerful info. Would love a video explains LLC V.S. S Corp .

I have an LLC and would like to have DBAs for online businesses underneath it. Can bank accounts be opened for each different DBA? How does that work with online payment systems? I believe this is one of the main reasons why people ask this question about LLC Holding companies, but nobody ever touches on it.

Very helpful info. Thanks!

Great info

This is just very helpful, thank you so much for the free info.

Thank you. This is very good to know.

Thanks for the very helpful video.

It was a good informative video... give it 5 stars after I saw the Ohio state mug

Very clear. Thank you

Thank you!

No one is saying anything about that intro beat?

you are so good!

Go BLUE !

Thank you sir, very helpful

yes that made sense. Thank you!!!

Question, I have “RAYCARPIO” registered as a Fictious-name / DBA. Am I able to create “RAYCARPIO LLC” (not the umbrella LLC) & have the DBA underneathe that to get that liability protection?

Thanks Jim! Very helpful..

I know you said start the Holding company first, but is it possible to start an LLC and then move an existing LLC under it?

Good video as always. Very helpful. I would prefer real white board though where we could see you writing on the board. Thanks again. :)

If you have a Umbrella LLC can you still have liability protection if you have multiple dba subsidiaries (Non-LLC).

I’m getting this. Thank you.

Great video. Thanks for putting that information out there. Wondering is it hard to change the status of an existing LLC and convert it to being under an umbrella LLC. Thanks in advance, Nick

First thing I noticed was the BROWNS Helmet!!!

When the lawyer drop that basssss 😂

Superhelpful, Liked & Subscribed! Question: I travel full time, I have no physical address. I am in the states usually less than 30 days per year. What would be the best state for a "digital nomad" type of Serial Entrepeneur? I love this holding company framework.

Question what if you formed LLC 2 and LLC3 before you formed the umbrella LLC ? Or can you form the umbrella LLC after you have 2 and 3 Because i want mine under one umbrella before I launch and start marking sales this January

What's the difference in terms of Liability between those?: 1. Umbrella LLC with 2 "child" LLCs as you showed on the video; 2. Just 2 separate LLCs.

Makes sense

Great info! How does the money flow? If I want to personally contribute to the operating company do I need to sign a resolution and then send that money to the holding company and from there sign a resolution and send that money to my operating company and vice versa?

Hello, I found your videos to be helpful for me as a general information. Thank you! Can I,,Alex,, be registered agent for all 3 LLCs and manage them? Or I should hire an agent? If my #1 company is LLC taxed as S corp, should I elect to be taxed as C corp to make it a holding company?

*Question:* Is money considered an asset and if so would you be able to hold it in the *_Umbrella LLC_* and not have to worry about it being taken??? _I guess after you flow it through from the _*_Operating LLCs_*_ is that money safe..._

Great info! We have a farm and produce items on site. I’ve heard we should have separate LLCs for business equipment, farm equipment, land, etc. to protect us. Does your info show this works? Thanks!

Great video!!!! Good info

Terrific info Mr. Ohio State 😁👍

O-H... YOUR CUP SOLD ME ON HITTING THE SUBSCRIBE! GREAT VIDEOS THANK YOU! ....I-O!

What are the pros and cons of using a corporate entity as the holding company?

Where should the income go? How does the income flow up to the parent company for "safe" keeping?

If you didn't create an umbrella LLC prior to creating your first LLC but then begin anticipating the creation of another company can you go backwards and create that umbrella? Is it just more costly? (I'm sure) I'm not sure if I understand the purpose of having an umbrella if you already have separate and distinct LLC's. Is the umbrella mostly just for tax purposes? Thanks for your insight. Great videos!

Thank You!

Great video! can the subsequent subsidiaries formed use the age of the holding company to appear as a “seasoned “ business?

Would you happen to know how to create an LLC in Puerto Rico? Thank you for the content!

what's your take on parent companies? Do you think its more beneficial to have a parent company that has divisions and once they start generating cash branch out into their own llcs? or do holding company strategy then form another llc for operating each one like the example in the video ?

Ohio State eeeh... Thanks for your info helps me plan.

Thank you. Can you discuss member managed or manager managed LLCs in regards to the umbrella LLCs?

Great info💯🎯

Hi, thanks for the info. What about a Limited Partnership as the holding company. Why would you recommend one over the other?

Hello I love your content. Great advice. I have my llc for year. Can I form operating company with this llc or is it too late?!

So WHO owns the holding company? Would you own it as the individual? But the holding co is the single member of each LLC?

can you make a post about how to structure the holding company? are you an employee of the holding company or board member?

Getting this...

If all these llcs income gose into the holding company's income wouldn't that up the income bracket? How can you rent and Wright off say equipment rental if it's funneled back to the parent holding?

Great video...It was so informative that I clicked the subscription button. I do have a question. I have an IT Consulting company that I started but it isn't generating any revenue yet but I am working on an app that will launch soon but I would like to know if I should create a DBA or another LLC? ABC is the company name but EZN is the app......

To clarify, when you say “income passes from the subsidiary llc to the holding llc”, Do you mean the “profits” from the llcs after expenses & payroll?

Hi Jim, como vão as coisas? Tudo bem? Perhaps this could be a good subject for one of your future videos....😇 I'm in Virginia and I'm thinking about forming two LLCs for both of my future business. I am not in Business yet. So, in Virginia we have the Series LLC business formation type(2020). What is the difference between (Virginia) Holding LLC and Series LLC. They both seem the same to me. Obrigado. 👍

Go Tigers!

What is the maximum number of LLC's that can be formed

Would it be wise to start a holding company if youre in the very begining stages of starting your first business with intentions on creating more afterwards?

If you have a single member LLC holdings company, can you create subsidiary operating companies that are member-managed or is it better to have the holdings company appoint you (the individual) as a manager of the manager-managed subsidiary. What’s the best for the sake of separateness between entities ?

Is that Cleveland Browns helmet in backround. If so amazing