Thank you. It drives me nuts when people compare LLCs to SCorps, CCorps, etc. Most people don't know half of what they think they know, yet they speak with authority.
With the Corp structure, either C or S, the shareholder/ employee can also set up a 401(k) plan and shelter salary up to the maximum employee deferral correct? Add to that an employer matching contribution, a large amount of both the corporate income and the shareholder/employee gross income can be sheltered. Obviously, there needs to be employment agreements in place between the S Corp or C-Corp and shareholder/employee, soelling out the compensation and expense reimbursement structure. If the S-Corp has investment income in the form of qualified dividends and long-term capital gains, the charachter of that income flows through the K-1 to the shareholders' personal returns and retain their tax-perferred charachter.
Great info, thx. My wife and I have an LLC performing services and the yearly income varies significantly. It would be nice to draw a lower “living wage” and lower our personal tax and even out year to year fluctuations. If the llc/s-corp is paying 21% and you add the personal tax rate do you end up saving money?
It's wonderful to hear that the information provided was useful to you. Managing tax implications can be complex, so I recommend setting up a consultation with my team so we can provide you with the best answer. aba.link/fg0
Hi Toby I know this question has nothing to do with this video, but I watch one of your videos on wash sale rule. I hope you can answer this. If I buy a stock ABC for $50 and sell it for $55 and make a profit, Then I buy it back again within 30 days for $45 or $60, then I sell it for $40 with a for a loss is that subject to the wash sale rule. Thanks great videos.
I appreciate you watching my videos and the support! That is a great question. Have you ever registered for a consultation with my team? I would recommend signing up for a consultation so we can provide the best answer for your unique situation. Visit: aba.link/fg0
Great question, I recommend registering for a complimentary consultation with my team. We'll tailor our advice to your specific needs. Sign up here: aba.link/fg0
Hi thank you for your videos…if I open a wy scorp for day trading can I also open Florida llc to buy real state and put under wy scorp to be anonymous Florida llc will be managing by wy scorp and I will be manager to sign deeds or any documents…would I still by anonymous.. thank you in advance
Hello! While this may provide some anonymity, it would not be advantageous from a tax perspective. We do not generally recommend holding real estate in an S corp. Here, if you open a FL LLC (disregarded), which is owned by the S corp, this would be disadvantageous. Rather, we typically recommend separating your active structure from your passive structure, as they both have different general privacy implications, as well as different tax treatment.
Great video!!I wish all the mothers worldwide a lovely and peaceful Mothering Sunday but God has been faithful so far ❤️, My family are happy once again and I can now afford anything for my family even with my Retirement. $57k weekly returns has been life changing, after so much struggles.
Register for your free consultation with my team! aba.link/fg0
After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!
Thanks for your service, I am learning so much watching your videos! 😁
Thank you. It drives me nuts when people compare LLCs to SCorps, CCorps, etc. Most people don't know half of what they think they know, yet they speak with authority.
I appreciate your support
I'm going to need to watch some of these videos several times over. The explanations are perfect but I need time to integrate the knowledge.
Thanks the great video. Very informative.
Glad you enjoyed it!
Helpful info, thanks
thank you for watching!
With the Corp structure, either C or S, the shareholder/ employee can also set up a 401(k) plan and shelter salary up to the maximum employee deferral correct? Add to that an employer matching contribution, a large amount of both the corporate income and the shareholder/employee gross income can be sheltered.
Obviously, there needs to be employment agreements in place between the S Corp or C-Corp and shareholder/employee, soelling out the compensation and expense reimbursement structure.
If the S-Corp has investment income in the form of qualified dividends and long-term capital gains, the charachter of that income flows through the K-1 to the shareholders' personal returns and retain their tax-perferred charachter.
Great to hear your voice. You remind me of Russel Crowe!
Thanks a lot!
Let's go coach Toby
Great info, thx. My wife and I have an LLC performing services and the yearly income varies significantly. It would be nice to draw a lower “living wage” and lower our personal tax and even out year to year fluctuations. If the llc/s-corp is paying 21% and you add the personal tax rate do you end up saving money?
It's wonderful to hear that the information provided was useful to you. Managing tax implications can be complex, so I recommend setting up a consultation with my team so we can provide you with the best answer. aba.link/fg0
Hi Toby I know this question has nothing to do with this video, but I watch one of your videos on wash sale rule. I hope you can answer this. If I buy a stock ABC for $50 and sell it for $55 and make a profit, Then I buy it back again within 30 days for $45 or $60, then I sell it for $40 with a for a loss is that subject to the wash sale rule. Thanks great videos.
I appreciate you watching my videos and the support! That is a great question. Have you ever registered for a consultation with my team? I would recommend signing up for a consultation so we can provide the best answer for your unique situation. Visit: aba.link/fg0
Strategy
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Hi Toby, this may be unrelated to the main topic, but would it be worth creating an LLC just to put your own personal Roth IRA into?
Great question, I recommend registering for a complimentary consultation with my team. We'll tailor our advice to your specific needs. Sign up here: aba.link/fg0
The Truth is Stranger than fiction ....
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Hi thank you for your videos…if I open a wy scorp for day trading can I also open Florida llc to buy real state and put under wy scorp to be anonymous Florida llc will be managing by wy scorp and I will be manager to sign deeds or any documents…would I still by anonymous.. thank you in advance
Hello! While this may provide some anonymity, it would not be advantageous from a tax perspective. We do not generally recommend holding real estate in an S corp. Here, if you open a FL LLC (disregarded), which is owned by the S corp, this would be disadvantageous. Rather, we typically recommend separating your active structure from your passive structure, as they both have different general privacy implications, as well as different tax treatment.
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Great video!!I wish all the mothers worldwide a lovely and peaceful Mothering Sunday but God has been faithful so far ❤️, My family are happy once again and I can now afford anything for my family even with my Retirement. $57k weekly returns has been life changing, after so much struggles.
Strategy
Schedule a free consultation here: aba.link/fg0
Strategy
Register for your free strategy session here: aba.link/fg0
strategy
Schedule your free consultation here: aba.link/fg0
Strategy
Register for your free consultation here: aba.link/fg0
Strategy
Sign up for your free consultation here: aba.link/fg0
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