Great educational video, Toby! My question is; you mentioned moving cash out of the business, where/how do you park it outside the business ?
@organizer14
8 ай бұрын
Excellent value. Can you describe whether the assets in safe guadran should be in Wyoming llc and business income is the interest income? Thank you!
@mjs28s
8 ай бұрын
How does setting aside "passive" assets work to hide them (stocks, bonds, etc) in a Wyoming Corp? If you need income won't they be able to see that your income is coming from somewhere, thus the entity is exposed? For my wife and I, we live on our investment income which we take from the investment account once per month. Wouldn't someone suing you see cash transfers monthlt (in our case) thus knowing that there is a source that they can go after?
@teeroj
8 ай бұрын
I had the same concern/question
@zeddybear257
8 ай бұрын
I’ve watched a number of your vids now. I’m Canadian and just now learning about finance, stocks, setting up businesses. I’ll look around for anything parallel or equal for Canadian tax law, but imagine much is similar. I know of a firm nearby which is said to be the best in this area, but also need to know myself before making these steps and having conversations. My former accountant did not speak plain English, so this is exceptionally helpful. Thanks!
@TobyMathis
8 ай бұрын
I'm glad you find my videos helpful!
@headlibrarian1996
8 ай бұрын
I’m more worried about outside liability. 99.9% I get sued where I live, and the law of that venue doesn’t protect LLCs. Almost zero chance the judge applies the law of the state of formation for anything but matters between the members. I pray the personal umbrella policy covers me should my apparent lack of assets (due to anonymity regarding company ownership) be ignored because the company itself is at very real risk if a judgement is handed down.
@devyatkinson993
6 ай бұрын
To begin structuring on a pending business or stocks, bonds, real estate what do you do first. Like a 123 and really what is best for me.
@ElLeNoir..ELconomics
8 ай бұрын
Coach Toby back cooking up some financial literacy 💯
@TobyMathis
8 ай бұрын
I appreciate your support, it means a lot to me!
@billturner1960
8 ай бұрын
Another home run video Mr. Mathis! You asked for some content/topic suggestions so I was wondering if perhaps you could do a presentation on simple LLC or entity structuring steps a beginning commercial real estate investor should do. I'm considering a small self-storage facility to start with. You may have one available already and I just missed it. Also, what constitutes a commercial self-storage? 1 unit? 3 units? or is the door count the same, 5, to be recognized from a federal tax point like multi family is? Thank you so much and please keep up the great work! Bill Turner
@Biscuitflipper
8 ай бұрын
I have a topic I'd like you to touch on. I've been looking at all the possibilities that I could have in business while operating in common law and not maritime law. What do you know about irrevocable private business trusts?
@willmallory9085
8 ай бұрын
Excellent video Brother
@the_om_project
2 ай бұрын
Can you talk about what to do if you already have a judgment against you personally? Can you make an LLC after and protect from there?
@TobyMathis
2 ай бұрын
To get the best answer tailored to your specific circumstances, I recommend scheduling a free consultation with my team. Visit: aba.link/5o7
@kalpnashah4030
8 ай бұрын
Love your content do you think estate planning is the same in uk as USA or similar ? We have tax free allowance of 1m as married couple but anything over 2 million pounds and we start loose £2 from every £1 of our tax free allowance. Our allowances have remained unchanged for 30 years especially gifts £3000 a year pp since 1981! They not even given us inflation rises! Our personal allowance only £12500! Before we taxed any rental income we have to pay full tax no relief I don’t know any business that does this ! It’s become a joke as uk highest taxes and upon death our children have to pay 40 percent tax in wealth over £325k unchanged since 2009
@thoselog
8 ай бұрын
I'm here in the comments to ask for more C Corp content! Everybody does the whole "it's double-taxed, but you can get benefits a, b, and c if you are in a position to make the taxes work" but it's never more than a cursory mention or a high-level mention of the benefits without specifics, or without an exhaustive list. I *will* have a C Corp because as I understand it that's the *only* way to pay my son and open him a 401k, so more dedicated "look at the cool stuff you can do with your C Corp" content would be awesome. Dedicated content to the benefits of a C Corp. Either nobody is doing this, or my searching skills suck, or the KZitem algorithm absolutely does not want me to see it. In your tax Tuesday I think last week it was mentioned that your partner would only run certain kinds of business with a C Corp, but he didn't go into any detail. Give me the details! C Corps seem to be wildly unpopular on KZitem.
@TobyMathis
8 ай бұрын
Thank you for your feedback! I appreciate your interest in learning more about the benefits of a C Corp. I'll definitely consider creating more dedicated content on this topic to provide you with detailed information.
@RegulusVi
8 ай бұрын
Thank you for great educational videos. They have a great value that may be comparable only to Benjamin Graham's Inteligent Investor book.
@TobyMathis
8 ай бұрын
Thank you so much for your kind words! I'm glad you find value in my educational videos.
@courtneyreid4757
8 ай бұрын
Dm, that does make sense💡🤔
@way2kul4any1
8 ай бұрын
Do you work with clients all over, or just in your state?
@nevastrong2850
8 ай бұрын
He works with clients all over. AA have offices in Europe as well.
@TobyMathis
8 ай бұрын
We work with clients nationwide, providing comprehensive strategies tailored to individual circumstances. If you're interested in a more detailed discussion about your situation, consider scheduling a free strategy session. Visit: aba.link/e3z
@buddy-chan-nel
7 ай бұрын
i wish i found this (and other) video much earlier
@cristiancioriia3433
7 ай бұрын
If a company buys stock or bonds to not have them stay in a bank account, how is that protection against anything?! The guy suing the business can still be rewarded with a part of the stock the company has, instead of cash. I dont see any protection by the way stated in this video
@Sahjama
2 ай бұрын
Hi Toby. How can I get in touch with you? Please let me know. Thanks
@TobyMathis
2 ай бұрын
Hello, you can register for a free consultation with my team. Visit: aba.link/6nq
@yamafanboy
8 ай бұрын
Well... if THIS is what the WEF was referring to when they said "we will own nothing and we will be happy".... then I guess I have to walk back my position on the nefarious intentions of the WEF and declare unwavering support for the concept of owning nothing and being happy.
@NiHaoZippo
8 ай бұрын
Will holding your no risk assets in a Wyoming LLC be beneficial with the fed’s update for LLCs in January ?
@TobyMathis
8 ай бұрын
Great question, in order to assist you further, I highly recommend you request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. Visit: aba.link/e3z
@Jennifer-ot1hc
8 ай бұрын
I am truly impressed by the video you shared and I want to express my gratitude for breaking it down into digestible pieces. Even though the current economic climate is facing a downturn, I am ecstatic to share that I have been experiencing significant financial gains. To be more specific, my initial investment of $9,000 has resulted in returns of $48,000 every 21 days. This news brings me immense joy and I am grateful for the opportunity to share it with you.😊
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