I just started an LLC recently and this video really helped clarified some advantages of an LLC I didn't realize. Thanks for all of this information, it was explained very well!
@bryantdorsey9074
3 жыл бұрын
It's truly amazing to me how simply you've explained this. I truly need you expertise.
@keiserrep0rtenespan0i48
3 жыл бұрын
W...H...Â...T...S....A...P...M...È🤗
@keiserrep0rtenespan0i48
3 жыл бұрын
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@leoplacido7687
3 жыл бұрын
The information you provide is GOLDEN!!! It's simplified down to the nitty gritty with clarity. Press forward and keep it coming.
@ladyluck7481
2 жыл бұрын
Saw your Melio commercial. Love your voice and now your channel. Subscribed!
@JohnDoe-it7dl
3 жыл бұрын
Brother you are a God send. So much info in all your videos, I feel like I have a chance to better myself though financial literacy. Thank you for all you do and best of luck to you
@Jahguaar
3 жыл бұрын
I am committed to self-development & thriving.
@kickzandcannonstv
3 жыл бұрын
Appreciate you for creating this channel, I’m learning as I go and this helps out a lot when it comes to the business side of things
@karltondennis
3 жыл бұрын
Thank you for subscribing and commenting!
@isaacr4622
3 жыл бұрын
Bro thank you for making these videos! Straight to it no bluffs. Everyone else says it so boring
@AminAmin-vd5qc
3 жыл бұрын
Hi talk about stock market please
@dreaw.7108
3 жыл бұрын
WOW!!! Thank you so much for enlightening me. I just got an LLC and did not opt for the S corp. Now I know what to do.
@daleandrews940
3 жыл бұрын
Thank you for the context please keep putting out more. I’m starting my PLLC next month and this is really helpful. Just got to decide whether it’s going to be an S-Corp
@ShaeMauri
3 жыл бұрын
great video most simple explanation I've heard.
@cieloame2705
3 жыл бұрын
Dang it man, i knew this was coming . Right . Well then, tripped a litte bit over what needed more focus . Thanks bro .
@pearlsweddings2415
3 жыл бұрын
Good stuff, my brother! Keep spitting knowledge.
@aurorarealm5916
2 жыл бұрын
Can you make an in depth video on how to employ people??
@caribbeanvibes4070
3 жыл бұрын
A business banker advised to use your name. He said it helps with funding.
@fynewine81
3 жыл бұрын
You and your mom are amazing! 🙌🏾
@PokerPoPo
3 жыл бұрын
Your information is so valuable.
@joshbedo8291
3 жыл бұрын
This was so helpful thanks for sharing!
@brianguzman2994
3 жыл бұрын
Thank you man keep doing you you are awesome
@adriennedunston828
3 жыл бұрын
Love the intro and the content is great! Keep dropping this knowledge so we can keep these taxes right... lol
@CarsSimplified
3 жыл бұрын
Just subscribed an hour ago. Great stuff!
@thewellsmama
3 жыл бұрын
You seriously have a gift for explaining all of this information! I don't speak math or taxes but I got most of what you were saying! LOL
@keiserrep0rtenespan0i48
3 жыл бұрын
W...H...Â...T...S...A...P...M...È🤗
@keiserrep0rtenespan0i48
3 жыл бұрын
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@dereks.6606
3 жыл бұрын
U got the crown on this tax game!
@Carleen02
3 жыл бұрын
Thank you, this information helps me alot!
@CrownPrinceChris
3 жыл бұрын
Do you have a video on best practices or things to set up for new millionaire's or someone coming into large inheritance.
@karltondennis
3 жыл бұрын
This gave me an idea for a video. In the meantime if you need support scheduled a free call my visiting the link in my bio
@vicenterivera69
3 жыл бұрын
awesome! Just Awesome ! Thanks
@betino705
3 жыл бұрын
Great content A video of a husband and wife Llc owning a business would be helpful thanks in advance
@asmoov
3 жыл бұрын
Thank you amazing video so much vital information
@lermondmayes7619
Жыл бұрын
Why am I only able to give one like to this video? I needed this information!!!!
@starmaddy
3 жыл бұрын
Thank you, Thank you, Thank you!!!! WE need this!!!!
@keiserrep0rtenespan0i48
3 жыл бұрын
W...H...Â...T...S...A...P....M...È🤗
@keiserrep0rtenespan0i48
3 жыл бұрын
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@Ardley101
3 жыл бұрын
He’s a little feisty in this video, I love it!
@BillDoa
3 жыл бұрын
Awesome vid sir! More More Pls
@cassandrahardaway7069
3 жыл бұрын
Thank you for this information Karlton Dennis! I have a new LLC business established in late 2020. My gross income was about $3000. Is there a certain gross or net amount of income my business needs to reach before switching over to a S-corp to take advantage of the tax benefits?
@nessliestrife993
3 жыл бұрын
LLC's are great for procrastinators like myself. It holds us accountable. If you stay on top of things (i.e. paying taxes quarterly) it's easier for you in the long run. Cheaper to stay ahead than to fall behind.
@ryancooper9356
3 жыл бұрын
Love these videos. Very helpful!
@ewilson8504
3 жыл бұрын
So much good content, K. That's for that.
@peasypublishingcopeasybaby
2 жыл бұрын
Class for the Day
@fallenheart35
3 жыл бұрын
Thanks man learning alot.
@baboowee
3 жыл бұрын
Great video!
@nayinayi1
2 жыл бұрын
What constitutes as a "not filing the switch up forms for S-Corp at the reasonable time"...When do you transition, at the beginning of the yr or before it ends?
@normanvelezjr8371
3 жыл бұрын
thank you super informative
@kelbykoproductions
3 жыл бұрын
Another great video Karlton. I want to hell you produce some of these. Let me know if I can help 💪🏾 we're in LA
@karenscott1738
3 жыл бұрын
Thank you, this video is amazing! 🤩
@keiserrep0rtenespan0i48
3 жыл бұрын
W...H...Â...T...S...A...P...M...È🤗
@keiserrep0rtenespan0i48
3 жыл бұрын
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@cs2saske607
3 жыл бұрын
goated for this one
@tx3973
3 жыл бұрын
Great information brotha thanks🤝🏽👨🏽💻🤴🏾
@keiserrep0rtenespan0i48
3 жыл бұрын
👍🏾
@keiserrep0rtenespan0i48
3 жыл бұрын
W...H...Â...T...S...A...P....M...È🤗
@keiserrep0rtenespan0i48
3 жыл бұрын
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@perezg04
3 жыл бұрын
Thank you for this!
@ahsinsmith3963
3 жыл бұрын
🙋🏽♀️ QUESTION. I’m in Chicago. I have my own personal residence but Can I put my 3 unit rental in a land trust make my sister the trustee? (She lives there )And make an LLC to make my LLC The beneficiary? the building isn’t making any income because it’s family living there and they break even on the total bill on that property. 🤔 maybe if i increase the rent $10 more a month?? Maybe? 🤔🤔
@angelreyes3235
3 жыл бұрын
Great information
@nadirberry1055
3 жыл бұрын
so what's the time frame or when is the right time to switch to a s-corp ? You didn't say? Follow up with that information ? Let's see if you read old comments...🤔😁
@TM-bn5iw
3 жыл бұрын
advantages realize information
@lindgraves5382
3 жыл бұрын
Can u make a video on why we should keep it llc or when we should switch it to a s corp
@lalo5648
2 жыл бұрын
How long shoul u wait for the transition to be confirmed to an s Corp? Also, as a single member llc, what amount of profit should be reason to switch it up? Nice video, new follower . Keep it up bro
@iyioose4352
Жыл бұрын
Good stuff ... I got a question? When does the S-Corp forms have to be turned in, so we don't get penalized?
@ObiWanSatoshi
3 жыл бұрын
thanks dude
@kibreabghilay
2 жыл бұрын
This guy is a living legend!!! good to see Black Excellence
@FabianSandoval-ev5wu
Жыл бұрын
Great video
@parkerpesos
3 жыл бұрын
Wish you would've posted this last week. I named my LLC, "(My last name) Marketing LLC "😕
@TheMotionBboy
Жыл бұрын
BEAST MODE!
@focusedrevenue5208
3 жыл бұрын
Love your channel. I started my LLC last year. Is it to late to switch to a S-Corp? I didn't make any money under my LLC?
@farahonaa
3 жыл бұрын
I just opened an LLC I don't know nothing about business so I'm kind of confused now and scare to do the wrong thing with this payroll thing, Lord! 🤕😱😖
@rdot980
3 жыл бұрын
I think I'll start a registered agent business in Georgia for people that live in CA and don't want to pay $800/year just to maintain an LLC. That's crazy!
@keiserrep0rtenespan0i48
3 жыл бұрын
W...H...Â...T...S...A...P...M...È🤗
@keiserrep0rtenespan0i48
3 жыл бұрын
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@gv8001
3 жыл бұрын
Thanks!
@rayshawnledet
3 жыл бұрын
Thank you for this video, very helpful! One question, when should someone switch their LLC to an S-Corp? My LLC is les than 3 months old
@mikyahalbena-yasharal3387
3 жыл бұрын
I had the same question. Karlton stated, “IRS gives us time to switch,” when is that “Go-moment!?”
@rayshawnledet
3 жыл бұрын
@@mikyahalbena-yasharal3387 He actually answered it in another video I found lol. kzitem.info/news/bejne/joqKwJyHbHSIqqA
@rayshawnledet
3 жыл бұрын
@@mikyahalbena-yasharal3387 Although it may depend on a few factors, in your business is making 40k a year is a good time to switch it definitely check out his other video explaining it in more detail
@TeesSmootheSounds
3 жыл бұрын
@@rayshawnledet Thank you!
@l3fty280
2 жыл бұрын
Hey @karlton let’s say my staff are not NY residents, how can I take advantage of the S corp transition regarding payroll?
@perezg04
3 жыл бұрын
Karl when in the year do you file the forms to transition into an S-corp?what's the time frame?
@knowbloc
3 жыл бұрын
I’d like to know this as well
@jess_is
3 жыл бұрын
Your secretary of state's website should let you know that.
@marthe4943
3 жыл бұрын
S corps have to be filed on time.... when? The first two months of the year if not the first. Also, what happens if you dont pay the 800 by april 15?
@Ricster223
3 жыл бұрын
Great stuff m8
@lauraesther6173
2 жыл бұрын
is it best to have s-corp rather than an LLC. I'm confused if I made the right choice...
@tloco1529
3 жыл бұрын
I'm really happy that Nevada has no franchise tax and no state tax 😂🤣💯
@AirborneDaddy-n6z
9 ай бұрын
If you w9 your guys in an LLC. Only have yourself listed on the LLC can or should you transition to a S corp if making over 100k?
@devonwalker7440
3 жыл бұрын
When is a reasonable time to turn your llc to a s-corp?
@skinkonvictionstudio1058
2 жыл бұрын
What’s up karlton. Love the videos I want to learn this tax game. I’m a tattoo artist and opening up a tattoo studio what would be the best structor for me . LLC , scorp , corp ? Member manage- manager manage , smllc. It’s alot to take in. What would be best and why
@zachz96
2 жыл бұрын
Would the name "Zwergel Properties LLC" be a bad idea?
@lordandpomeroy
2 жыл бұрын
As a CA LLC Startup when is a good time to fill out the 2553 form & when is the 8832 Form necessary?
@lb5673
3 жыл бұрын
What if it’s disregarded Smllc no income dormant sole prop
@nadirberry1055
3 жыл бұрын
And I'm subscribed...
@MauriceM_R
3 жыл бұрын
How much revenue should an LLC be making before switching to an S-Corp?
@jonrevell5237
Жыл бұрын
This is my first year in business. I’m a dba but pay myself as a W-2 employee. Is it too late for me to switch to an S corp and will I still be required to pay self employment taxes if I’m W-2?
@lukei.9838
3 жыл бұрын
If I switch to an S corp to eliminate some self employment tax, wont the LLC have to pay the difference in employment tax? And even with a deduction from the company, wont the personal tax offset any savings? Thanks.
@qayyahmarie
3 жыл бұрын
thank you !!!!
@keiserrep0rtenespan0i48
3 жыл бұрын
W...H...Â...T...S...A....P...M...È🤗
@keiserrep0rtenespan0i48
3 жыл бұрын
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@ramonbaptist7549
3 жыл бұрын
I have a LLC and I want to pay myself how would I do that
@MsTaLucifer
3 жыл бұрын
Quick question how do you become an LLC? Do you talk to yo tax guy to place you under it as well?
@georgefrancisco3917
3 жыл бұрын
As a s-corp can you still write off your car payment?
@karltondennis
3 жыл бұрын
Yes you can.
@sed0692
3 жыл бұрын
what is the percentage that we can tax as self employment tax so we don't go above it? 11:56
@sm-qe3ci
3 жыл бұрын
GaZillion dollar game right here. Godspeed
@Bgl-fz3cs
3 жыл бұрын
New subscriber
@jwest1816
3 жыл бұрын
Me laughing as I read the captions stating "you are becoming an escort" 🤣👏
@bboybrock
3 жыл бұрын
Gained quite a bit of knowledge from this video
@kitchenbathfloordecor5501
3 жыл бұрын
Awesome 👍
@keiserrep0rtenespan0i48
3 жыл бұрын
W...H...Â...T...S...A...P...M...È🤗
@keiserrep0rtenespan0i48
3 жыл бұрын
*(5../0..3)/..4/..6/..8/..7/..2/..7..2.*
@mohamedabdelwahab8811
3 жыл бұрын
addicted to your content, sheeesh
@FB.2002
3 жыл бұрын
Lol!! Love the intro
@hudonedem8517
3 жыл бұрын
Anyone ever say you would like Donald glover?
@deelishuz88
3 жыл бұрын
I’ve read about an llc wrapped in a s corp. do you have a video of that?
@deelishuz88
3 жыл бұрын
So I asked before I watched the video fully. Thank you so much for sharing your knowledge. It is making this transition easier to navigate.
@deelishuz88
3 жыл бұрын
My next question is this. Once you make the S-election are you required to dissolve the llc? What happens overtime and how is your business viewed? As an llc or Corp?
@karltondennis
3 жыл бұрын
Think of it like "putting a jacket on" underneath the jacket you're still an LLC but to the IRS you are taxed as an S-corp because they see the Jacket... make sense? so you dont dissolve anything
@wealthessential4515
3 жыл бұрын
Man I almost don’t want you to blow up on the tube.. this feels like something I want to keep a secret, lol nevertheless you are on your way my friend...👍🏽
@jerrellysmellygang
3 жыл бұрын
dope dope content NEW Subbie !!
@ssmith1473
3 жыл бұрын
@sunnydoeslife has the secret
@juanduran8156
3 жыл бұрын
My question is do you still get the same liability protection when you switch to an S-corp?
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