How To Pay Yourself In An LLC With Karlton Dennis

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  • čas přidán 1. 06. 2023
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Komentáře • 454

  • @karltondennis
    @karltondennis Před rokem +187

    Thank you so much for having me on Mark! Looking forward to more collaborations and helping taxpayers save money!

    • @julienaudet9782
      @julienaudet9782 Před rokem +9

      I was shocked to see you all together...........I have followed Mark for a few years and found Karlton about a year ago. Love both. Mark gives a lot more info, but Karlton is good social media guy.

    • @accountantreviews7002
      @accountantreviews7002 Před 6 měsíci +6

      Thank You so much to you both for helping us understand better on how things work. You both are amazing.

    • @mr.vip317
      @mr.vip317 Před 6 měsíci +3

      I love this episode.

    • @victorhinderman2479
      @victorhinderman2479 Před 5 měsíci +3

      Two of the best "Mad Tax Scientists"

    • @DrDre.
      @DrDre. Před 5 měsíci +2

      How can I join Karlton Firm as a client. I didn't see a link for him in the description

  • @wango556
    @wango556 Před měsícem +4

    I simply stood up my S-Corp and hired ACP for $20 a month and they did everything for 10 years. Including W-2’s, quarterly taxes, paperwork with the state, etc

  • @baldwinjyotsna
    @baldwinjyotsna Před měsícem +267

    Just watched your video discussing AMS120X and I am very excited about this

  • @oneidaqxlh
    @oneidaqxlh Před měsícem +317

    What do you think sets AMS120X apart from other projects? It seems to be dominating discussions lately

  • @ProofOfWorkFitness
    @ProofOfWorkFitness Před 4 měsíci +40

    Thank you for including a dollar amount at which to switch from an LLC to an s-corp.
    $40,000 to $50,000 of profit and knowing that it's going to cost a few thousand dollars was valuable information, thank you

  • @lisejohnson28
    @lisejohnson28 Před měsícem +202

    Thanks for sharing PEPE and AMS120X. 💯

  • @TawnishTV
    @TawnishTV Před 7 měsíci +42

    I’m a w-2 wage earner and ran everything out of one bank account until I learned to do business differently. I didn’t learn this in college. It should have been introduced in high school. Now I can share with others as far as what info to look in to. I don’t want other business owners to be ill-informed as I was.

    • @christopheroberry2500
      @christopheroberry2500 Před měsícem +1

      This was very informative. Keep up the good work and it's great advertising for the both of you ! I will definitely get deep into me bookkeeping and be in touch !!!

  • @SpaPartyCentral
    @SpaPartyCentral Před rokem +32

    Novo Bank, Relay and QuickBooks all have "profit first" systems to allow you to set percentages for the income to be divided up upon deposit. It's really a game changer.

    • @hotfeva9843
      @hotfeva9843 Před 5 měsíci +1

      Which would you recommend overall?

    • @eiba6528
      @eiba6528 Před 4 měsíci +1

      How this work?

    • @T20timez
      @T20timez Před měsícem

      How does quickbooks work?

  • @LGDavis-xn6ni
    @LGDavis-xn6ni Před měsícem +2

    All I can say is that I was supercharged,
    watching this chapter of your show!
    You all should do a series of them. Thank you in advance.

  • @j.jessup8023
    @j.jessup8023 Před 5 měsíci +5

    Statement of Information in California is super easy to complete online. It costs $25. Do it yourself annually.

  • @lyleanderson9615
    @lyleanderson9615 Před rokem +8

    I have watched both of you individually a great deal and I was so surprised to see you come together. I loved it!

  • @gloriamitchell3518
    @gloriamitchell3518 Před 9 měsíci +12

    The dynamic duo, very powerful. Do more of these diverse collaborations. Brilliant.

  • @jStanf0rd
    @jStanf0rd Před rokem +3

    Awesome information shared here and greatly appreciate you both teaming up. Hope you two do many more in the very near future!

  • @lpy0106
    @lpy0106 Před 4 měsíci +9

    I have been needing this information for three years!! Thank you gentlemen!

  • @teralecole316
    @teralecole316 Před rokem

    Ooh yes! My 2 favs YT’s. The combo I very much needed.

  • @ZillaFullBoost
    @ZillaFullBoost Před rokem +6

    Dynamic duo. Both of you have helped me save money with my youtube channel the last two years. Thanks!

  • @rb1614
    @rb1614 Před 6 měsíci +2

    Love the tag team! Thank you for clarity and consistency

  • @HealthFlexor2728
    @HealthFlexor2728 Před rokem +25

    Great content!! These two are a force to be reckoned with!
    Karlton just shines every time he opens his mouth, and Mark dishes out gold on the legal side!
    Thanks to you both! Waiting for more from you two!

  • @psdavis70
    @psdavis70 Před rokem +7

    YOO I listen to both of these guys. Bless

  • @iankingston196
    @iankingston196 Před rokem +11

    Thank you for simplifying LLC and scorp and how to 0ay yourself. Thank you Mark and Carlton. You really simplified how it works!

  • @Jay-es3vm
    @Jay-es3vm Před rokem +2

    I have watched you both separately. It was great seeing you together! Great info and advice.

  • @jameswiggs9655
    @jameswiggs9655 Před 10 měsíci +11

    Two of my favorite financial tax advisors together...More of this please! Much appreciation to both of your efforts in helping people make better decisions. 🙏

  • @scottmeyer8255
    @scottmeyer8255 Před 10 měsíci +3

    Loved this. I started following both of you as I started looking into buying a business, and I have learned so much from both of you. You two make a great team and flow very well together.

  • @tammybooth5279
    @tammybooth5279 Před 5 měsíci +3

    You guys are absolutely wonderful! Thank You so much for the taking the time to patiently teach everyone how taxes work. Slowly becoming less complicated topic for me. ❤

  • @iramcc409
    @iramcc409 Před rokem +5

    This was a great video! You guys did an excellent job. I hope to see you two collaborate more often. Thanks!

  • @sealspable
    @sealspable Před měsícem +2

    I thought of Carlton when I listened to Mark for the first time, and here they are. I couldn't have asked for better collaboration.

  • @GaryB33
    @GaryB33 Před 5 měsíci +4

    Great info, you guys are a great tag team. I'm a first year LLC businesses owner and needing to hear this. Thank you

  • @jbontregor6717
    @jbontregor6717 Před 7 měsíci +3

    This was a very enlightening interview. I’m really happy you guys could get together. You should do this more often. Thank you.

  • @mikeschwendeman4403
    @mikeschwendeman4403 Před 6 měsíci +3

    Your explanation of this subject is super easy to understand. Thank you fellas🤙😎

  • @SeeItHere
    @SeeItHere Před rokem +4

    Perfect combo!

  • @ILM2219
    @ILM2219 Před 6 měsíci +5

    Thank you for this information. I have been requesting this information for one year going into my second year---without answers. Thank you Karlton and Mark --- I feel Empowered! Thanks.

  • @user-er3xf5pu6g
    @user-er3xf5pu6g Před 11 měsíci +4

    MOST DEFINITELY do this many times again in the future! (Both Mark and Karlton) FANTASTIC information, gives me a road map for the future :)

  • @TruSkoob
    @TruSkoob Před rokem +43

    Loved it. My two favorite tax experts. So glad you guys joined forces like Voltron. Keep dropping knowledge bombs!

  • @ricardojames1670
    @ricardojames1670 Před rokem +2

    My 2 favorite tax people! So much game giving.🐐🐐

  • @Divine1Right
    @Divine1Right Před 11 měsíci +1

    Subscribed. Thanks for keeping it real Mark.

  • @Coast_to_Coast
    @Coast_to_Coast Před rokem +2

    Love this. You guys are both rockstars!

  • @Armenhanmer
    @Armenhanmer Před rokem +2

    My two favorite youtubers. I can't beliueve you guys did a collab!!!

  • @julietravis6451
    @julietravis6451 Před 7 měsíci +2

    This is so good. I love listening to both of you. I’m going to do quarterly payroll. Advised by Mark’s firm. It made the most sense for my situation. Before speaking to the attorney, I was thinking backwards.

  • @DrClarenceBrownIII
    @DrClarenceBrownIII Před 4 měsíci

    You both are absolute GEMS! Thank you so much for sharing this priceless information!

  • @Sofia..x
    @Sofia..x Před 5 měsíci

    what a great collaboration! wisdom and experience from Mark & new insights & flare from Karlton -- i agree, mindset is key!

  • @blakealewelt9768
    @blakealewelt9768 Před 4 měsíci +1

    Y’all are amazing, please make more videos! Have already learned so much!

  • @chriss2352
    @chriss2352 Před rokem

    Two of my favorite tax CZcamsrs. Love it

  • @GodsChildrenOnEarth
    @GodsChildrenOnEarth Před 3 měsíci +1

    Wow! Thanks for explaining LLCs and S corp. I’ve read about LLCs and never understood S-corp. This was so informative and helpful!! So grateful that there are knowledgeable people helping others with their business! I’m so Grateful!

  • @ICSolutionsCO
    @ICSolutionsCO Před měsícem +1

    Totally love when people are honest. Yes people, it is cost money to keep money.

  • @mrmedic2012
    @mrmedic2012 Před 4 měsíci +2

    This was absolutely AWESOME! I'm in the planning stages of my first business and this information was invaluable! Thank you both! Subscribed!

  • @wholesomenesstv
    @wholesomenesstv Před rokem +3

    Omg!! My two favorite people ❤

  • @wholesomenesstv
    @wholesomenesstv Před rokem +3

    I advise my clients on this same thing when it comes to Bookkeeping. Take the time to understand the nitty gritty before handing it over to someone else. If there is a material misstatement or overcharge, the bookkeeper might miss it, but if you understand your business numbers, you will catch it.

  • @user-hj6wo9tx9b
    @user-hj6wo9tx9b Před 5 měsíci +3

    I’m thinking of start my LLC this year(2024) and this is soo help full!! Thank you guys!!

  • @timotaneous3300
    @timotaneous3300 Před 5 měsíci

    Sweet analogies throughout the whole hour. Enjoyed the tag team very much.

  • @robertperez6801
    @robertperez6801 Před 4 měsíci

    You guys are the best, I love digging into the nuggets you dole out, keep up the great work!

  • @Mymeours
    @Mymeours Před 11 měsíci +1

    Please do more of these! Thank you ☀️☀️

  • @NextLevelKatyTx
    @NextLevelKatyTx Před 2 měsíci +1

    I love this. Please continue this collaboration. This page has helped me as a business banker to understand and give my business owners things to talk to their CPA'S about

  • @kyledecorrevont9102
    @kyledecorrevont9102 Před měsícem +1

    A must read is Profit First to learn how to allocate revenue within your business.

  • @shellielindley1183
    @shellielindley1183 Před 8 měsíci +2

    MY TO FAV GURU'S ON STAGE TOGETHER! AWESOME

  • @bizsetup8275
    @bizsetup8275 Před 9 měsíci

    It's a great idea to hear different takes from two different backgrounds. Great session!

  • @loonietoon98
    @loonietoon98 Před měsícem +1

    Hey you just Got a new subscriber, been following K.D. for some time now and have learned much from him and continue to learn. Seen some of your short but never followed but um here now. Looking forward to learning more with both of you. Really appreciate the knowledge 👊🏾

  • @kendrake-nz7vf
    @kendrake-nz7vf Před 4 měsíci

    Both you guys give great commentary and advice. Would love to see you both on future videos.

  • @alexissuazo3122
    @alexissuazo3122 Před 7 měsíci

    Thanks for sharing this information. It very informative and helpful for a small company owner.

  • @ELIMindfulInvestor
    @ELIMindfulInvestor Před rokem +2

    Thank you two.

  • @florieybanez8448
    @florieybanez8448 Před rokem +1

    YES!!! LOVE IT!

  • @living2ezze917
    @living2ezze917 Před rokem

    Loving it! More is good. Tag team it baby!

  • @nyreemagdamit4987
    @nyreemagdamit4987 Před 8 měsíci

    Thank you both great duo.

  • @ga-prowashllc12.5
    @ga-prowashllc12.5 Před rokem

    I agree, We are a woman own professional exterior cleaning company. I have set up 5 different Frank counts in one of them. Back accounts is for my taxes. Every draw that we get from our customers. We take off the top and put it into a bank account. And the other 4 bank accounts are for future maintenance and. The majority of the fun is for the business. And I got this idea from the book profit. First great book, thank you guys for sharing. Just found yells channel in looking further to subscribing.❤❤❤❤❤

  • @Vic_RE_Investor
    @Vic_RE_Investor Před rokem

    This was great! Had to watch it twice. 👏👍

  • @SheltonTammy
    @SheltonTammy Před měsícem +1

    Absolutely loving it! Great info.

  • @deezel365
    @deezel365 Před 19 dny +1

    Gentlemen, this is very very informative; thank you so much for sharing all these important information. Please do more of these.
    Thank you again, so much.

  • @reonwatching
    @reonwatching Před 8 měsíci

    Great job guys, very informative and a good easy-to-understand format. You make a good team, 2X synergy for the viewer/client.

  • @EBMB21
    @EBMB21 Před 6 měsíci

    Loving Carlton! He’s amazing and very inspiring.
    Thanks to both!!
    Happy 2024!🎉🎉🎉🎉

  • @keithhowes5692
    @keithhowes5692 Před 7 měsíci

    Loving this! Have a consultation next week with Karltons team and I can’t wait.

  • @valariethomas2334
    @valariethomas2334 Před 5 měsíci

    Dynamic Duo! You guys are awesome!

  • @alyssiak.
    @alyssiak. Před 5 měsíci

    This was super super helpful!! Great questions and such helpful suggestions.

  • @janiscustomizedbusinesssol2649

    Great collaboration! We’d definitely love to see more!

  • @user-xu8li2kd5d
    @user-xu8li2kd5d Před 6 měsíci +1

    This is fire. Life altering for us who are pursuing freedom.

  • @TheNurseArtist
    @TheNurseArtist Před 11 měsíci

    I enjoyed this so much!!!

  • @ICP-Crusader
    @ICP-Crusader Před měsícem +1

    Outstanding! Keep up the tag team 👊

  • @lindas.6082
    @lindas.6082 Před 2 měsíci

    What an amazing collaboration! I enjoyed this and wish I would have known sooner about you two! The breakdown of all this is simple and easy to understand!

  • @lseh4720
    @lseh4720 Před 3 měsíci +1

    So many people think that just having a family trust provides liability protection, so I’m one step ahead of them. Thanks for a great content to both of you.

  • @DonnellFaulcon
    @DonnellFaulcon Před 2 měsíci +1

    Thanks to you both. Awesome.

  • @sreykimsear
    @sreykimsear Před 6 měsíci

    I absolutely love this. I learned so much.

  • @DirectRemedy360
    @DirectRemedy360 Před 2 měsíci

    You two are amazing, thank you, thank you!!

  • @cathycrayton1524
    @cathycrayton1524 Před 11 měsíci +3

    My 2 favorite tax strategists ❤

  • @adaywithasinglemom
    @adaywithasinglemom Před měsícem

    You two are amazing,thank you

  • @user-ui1zz6fi6f
    @user-ui1zz6fi6f Před 4 měsíci

    Thank you so much for all the incredible information!

  • @styleislife9135
    @styleislife9135 Před 4 měsíci

    You guys NEED to do this more often!!! YES🔥🔥🔥✅️✅️

  • @roddenman
    @roddenman Před 4 měsíci

    Img you guys explaining everything so deep so me as a non native can understand the thing completely and I regret I didn’t start that entrepreneur journey 3 years ago when I just got into the States. Thanks. Subscribed on both of you

  • @jimbutts4085
    @jimbutts4085 Před 5 měsíci

    Love this video. Learned a lot!

  • @maisis.2139
    @maisis.2139 Před rokem

    Thank you for sharing the info.

  • @psdavis70
    @psdavis70 Před rokem

    More collaborations please and thank you!!!!

  • @tiadowe
    @tiadowe Před 2 měsíci

    I have been learning from Karlton and I really like you guys together!

  • @cavonteanderson5183
    @cavonteanderson5183 Před 3 měsíci

    Awesome video, you guys. Please keep them coming. 🙏 ✌🏾

  • @skatershelley
    @skatershelley Před 3 měsíci +2

    That's exactly where I'm at, comment at 11 minutes owing a little, on a payment plan, bouncing around CZcams. Classic.

  • @diane8784
    @diane8784 Před 4 měsíci

    Still loving this Tag team Mark & Karlton👍👍👍.... I had finish watching your video day #2. It's all good!

  • @BP-BABL
    @BP-BABL Před rokem

    Love the collab.

  • @Peaceandprofit2024
    @Peaceandprofit2024 Před měsícem

    Awesome information, you two bring great value together!

  • @jjones503
    @jjones503 Před 5 měsíci

    This was a great video. Some real gold nuggets here.

  • @shivanandkalipersadsingh9014
    @shivanandkalipersadsingh9014 Před 11 měsíci

    Love it. This is exactly what I advise my clients. I would like to get more involved with Advisory and expand avenues for different income streams.

  • @prestonmarberry3959
    @prestonmarberry3959 Před 5 měsíci

    Love the content learned a lot👍👏

  • @CdotForbes13
    @CdotForbes13 Před rokem

    Please do this more often. I am learning so much. I prefer to pay the government the least amount I am allow.

  • @thinji81
    @thinji81 Před 2 měsíci

    love it love it love it! Just subscribed to both of you guys and looking forward to more informative content

  • @changclifton786
    @changclifton786 Před 2 měsíci

    Great team! i am starting out, and this info is golden! Thank you both!