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Avoid These 5 MISTAKES BEFORE Starting an LLC!
A step-by-step guide to avoid mistakes when starting an LLC
👉 BEST Virtual Address for Business: bit.ly/44Tv7TC
👉 Free LLC Operating Agreement: bit.ly/2TQ1Itk
⏱️TIMESTAMPS
00:00 - Intro
00:47 - First Mistake
03:21 - Second Mistake
05:27 - Third Mistake
08:47 - Fourth Mistake
10:28 - Fifth Mistake
11:56 - Outro
#taxes #taxfreeliving #taxexpert #taxreduction #llc
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
zhlédnutí: 2 115

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Subscribe: bit.ly/2HJlq46 Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos! /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or a...
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Komentáře

  • @rozenarobertson3014
    @rozenarobertson3014 Před 28 minutami

    Good day can I also become a member of LLC because I'm staying in South Africa

  • @SKILLZGAMING5
    @SKILLZGAMING5 Před hodinou

    What if you selling and not renting

  • @adaywithasinglemom
    @adaywithasinglemom Před 4 hodinami

    Great information. Thank you 👏🏾👏🏾👏🏾

  • @williereed4915
    @williereed4915 Před 5 hodinami

    Why u make this so hard all this extra talking.

  • @robbyyn
    @robbyyn Před 12 hodinami

    Thank you for this very helpful information! I was kind of thrown into a small biz and never understood how to pay myself. I def don’t have the 3 months expenses saved! That number seems so daunting! As simplistic as you put this video and how nice the points are, would you mind doing a very BASIC video about this for those who need a more vanilla explanation? Thank you!

  • @jonathancroitor8746

    hi Krystal, really love your video presentation. I'm a real estate agent and started to learn accounting, self taught, just for fun! Do accountants ever train a person to be a bookeeper, accounting assistant through on the job training, or is this challenging to find an opportunity like this. Whats the best way to learn quickbooks online? Do you reccomend becoming certified, and if so do certified bookeepers need to complete continuing education classes? So for so many questions, i value your opinion, thanks!

  • @rodneybocook9883
    @rodneybocook9883 Před dnem

    Very good explanation

  • @Cincinnatighoul
    @Cincinnatighoul Před dnem

    What about digital receipts? Do they apply the same as physical receipts, given we are in the age of technology? I keep an excel log of all applicable business expenses and have files with the relevant receipts.

  • @DougWalton
    @DougWalton Před 2 dny

    Great video. Informative and entertaining.

  • @sharnayhill670
    @sharnayhill670 Před 2 dny

    I wish I did it cuz a lot of people ik is not in jail and it been 3 years now and they still out here living their best lives and they only got 20,000… DAMN I MISSED OUT 😢😢😢.

  • @tonydichi3579
    @tonydichi3579 Před 2 dny

    What if a person is a full owner of a S Corp who receives W-2 income and K-1 income?

  • @dinaabudaih9036
    @dinaabudaih9036 Před 2 dny

    Love this channel! Always so informative and helpful!

  • @MVMLWEAR
    @MVMLWEAR Před 2 dny

    Thank you for this information!

  • @lucasainsworth1577
    @lucasainsworth1577 Před 2 dny

    Regarding the repair section ~8:20: if I am replacing the roof or AC out of necessity, yes it will increase the value most likely but it’s not exactly for the sake of improvement. How is that handled?

  • @unwilling1000
    @unwilling1000 Před 2 dny

    Thank you, dear friend! You gave a meaningful insight! God bless you!

  • @abdullahbintawhid5662

    Thanks sir 🎉 6:52

  • @jasonblakehustling
    @jasonblakehustling Před 3 dny

    Know any people that are interested in this ?

  • @RVI123
    @RVI123 Před 3 dny

    If we a family of five , form a C corp , and we parents want to keep anonymity of our stakes in C corp , and want to apply for SSI benefits ( not eligible for Medicare and social security , as we came as legal residents in our late sixties ) , will that be possible ?

  • @mohamedcondomat5881

    Thank you for all the free information

  • @keniza999
    @keniza999 Před 3 dny

    Thank you for such an awesome video.

  • @kraken_zr1
    @kraken_zr1 Před 3 dny

    Video name should be " How to completely finesse the IRS". Love it!

  • @DitNg516
    @DitNg516 Před 4 dny

    Good tax tips

  • @InsaneTrickShots
    @InsaneTrickShots Před 4 dny

    Liked and commented for algorithm

  • @jsal5494
    @jsal5494 Před 4 dny

    is there someone you can hire to handle all of this stuff for you?

  • @NinjaSushi2
    @NinjaSushi2 Před 4 dny

    You basically shift the taxes you would onto your family, who then doesn't make enough to really pay taxes, and thus skirt the IRS by using tax brackets to your advantage.

  • @nichellemeans9451
    @nichellemeans9451 Před 4 dny

    I’m confused on what to select for business purpose/activity on the EIN application for a holding company, as holding company is not an option. The subsidiaries will be in different categories. Please advise.

  • @joycedcomegys5927
    @joycedcomegys5927 Před 4 dny

    Thank you, for keeping it simple.

  • @user-mn7th1wz3n
    @user-mn7th1wz3n Před 4 dny

    Thank you for the great content! I assume the registered owner of the car has to be the business to qualify for section 179 deduction?

  • @Ivy-ne9zw
    @Ivy-ne9zw Před 4 dny

    Is section 179 only for “new vehicles” ?

  • @MissCrickett0114
    @MissCrickett0114 Před 4 dny

    Definitely take the lifetime payments y’all

  • @LaOnzaLM
    @LaOnzaLM Před 5 dny

    lets do it

  • @apartmentinvestingforbeginners

    Very informational video. Thank you for sharing

  • @joehendrickscasinoman7849

    Im considering 2 businesses selling water ice and teaching CPR classes.Any thoughts or info guys????

  • @cassandrahepp6445
    @cassandrahepp6445 Před 5 dny

    I think annuity would be my go to. I know I couldn't just blow it and I'd be comfortable for the next few decades.

  • @lightninghostgaming8931

    Im a visual learner went to school for accounting ended up with business administration degree. Time to break the books back out and knock the dust off.

  • @activemusickid
    @activemusickid Před 6 dny

    Yeah but how do you create an operating agreement ???

  • @RealLyfeProductions

    Great information 🔥

  • @eduardohiraldo2249
    @eduardohiraldo2249 Před 6 dny

    Proudly Bright 👏👏👏👏👏 summa cum laude

  • @SassyCece
    @SassyCece Před 6 dny

    Retirement plans 🙋🏼‍♀️

  • @doc0875
    @doc0875 Před 6 dny

    You gloss over or really do not mention that this is only if you use your car for a legitimate BUSINESS use! Explain how is a vehicle considered a reasonable and necessary use for an accountant (you said you deduct your own vehicle)? I assume you mean driving from one office location to another?

  • @andreina5792
    @andreina5792 Před 6 dny

    Great video, clear and simple way of making the information more digestible for non tax experts 😂 very educational thanks

  • @lizbiancoismydesignsherpa

    Thanks. Useful info!

  • @sonnybydesign1095
    @sonnybydesign1095 Před 6 dny

    Real question if I get added to a person with great credit 800 but they have student loans morgage and new car loan. I don't have any of that and don't want to add it to my report if I don't have to

  • @wakalmercedesreyes1865

    thank so much the best advise for government contract that I see so far thank a lot god bless you

  • @jazmynhenderson16
    @jazmynhenderson16 Před 7 dny

    I absolutely LOVE the way you speak when teaching. The emphasis and slow words are how I learn best. I've had to tell my husband to explain boardgame instructions exactly like this 😂

  • @AmronC24
    @AmronC24 Před 7 dny

    Love the video. Thank you

  • @user-yi2ij3md9i
    @user-yi2ij3md9i Před 7 dny

    Will this work if i pqy myself because of child support

  • @njlo4534
    @njlo4534 Před 7 dny

    Do you know how to create an LLC for free also?

  • @njlo4534
    @njlo4534 Před 7 dny

    Thank you so much ,I have tried many time to open an tin number through different web site and been asking me up to $ 300 and because of you I can create my pin for free thanks again .

  • @jaywebster8010
    @jaywebster8010 Před 7 dny

    I'm working on creating my photography business. I will not make 50k my first year. Should I do a Sole P first?