This is why I love owning a business besides the fact I love the time freedom and fun I have along with tax savings
@shermanstandberry
2 жыл бұрын
💯💯💯
@cupidok2768
24 күн бұрын
What State should I start an LLC that's the best
@pech_wake_day1153
2 жыл бұрын
This is one of your best videos for new business owners or for those wanting to start one. Bravo.
@shermanstandberry
2 жыл бұрын
Thank you!
@erict3245
Жыл бұрын
I just stumbled upon your video and your are incredible!!! Thank you so much. Wealth of knowledge
@erikahhh444
2 жыл бұрын
Thank you for everything you do! Really appreciate you!!!
@FinancialFreedomMadeSimple
2 жыл бұрын
I appreciate your best effort to explain this well. Thanks!
@meredithhurston
3 ай бұрын
Great info! Thank you.
@khalilcarter1605
2 жыл бұрын
Greetings, I'd love to get some clarity. Say I have a company that makes 100 000 a year and on that 100 000 I take a certain amount and invest it else where, is that amount that I invested consider as a company expense or is it going to be taxed?
@user-kl1fq4wl4c
5 ай бұрын
Thinking to start a buissness
@ciaragee5484
2 жыл бұрын
I established my LLC in 2015 I also have an EIN # these last two years are the first I ever did my business taxes along with my personal taxes! Now I usually do my own taxes thru turbo tax but decided to go to H&R Block these last two years because I didn’t know how to do my business taxes thru turbo tax! Next year will be the first year I do taxes solely off my business and I don’t really know where to start or if I even did the right thing by using H&R Block lol! I also have a dependent how does that work when filing strictly business taxes
@ChrisBByrd
2 жыл бұрын
Great 👍🏽 info. Ty very much
@shermanstandberry
2 жыл бұрын
Thanks Chris!
@jonathanguerrero8316
Жыл бұрын
What about just a side business on the weekends?
@christinecervera6530
2 жыл бұрын
I'm starting a candle business online
@shermanstandberry
2 жыл бұрын
Nice, when's the launch date?
@camrandurham2272
2 жыл бұрын
I definitely know I am not maximizing this. This year I have gone on multiple business trips. Do you save receipts for food, gas, and hotel cost?
@elcyonnellum5871
2 жыл бұрын
What do you recommend, a DBA, Sole Proprietorship or LLC. I did $17000 on Ebay last year
@LiniousRHoliday
2 жыл бұрын
Great video. Thank you.
@shermanstandberry
2 жыл бұрын
Thank you, Linious! My pleasure.
@TheIntentionalMillionairesshow
2 жыл бұрын
Great video! Do the type of industry influence the type of entity one should setup? Thanks for the simple explanation.
@shermanstandberry
2 жыл бұрын
Most people start as LLC or Sole Prop (unincorporated entity) until they earn $50K in income.
@TheIntentionalMillionairesshow
2 жыл бұрын
@@shermanstandberry Thanks for the response.
@Ussourma
2 жыл бұрын
But self employment tax is double for fica tax 15.3%
@shermanstandberry
2 жыл бұрын
Why the "but"?
@cherekaflemister
2 жыл бұрын
Can you do a video for a person who is a 1099 worker they work for someone who do not take out taxes .
@shermanstandberry
2 жыл бұрын
A 1099 worker is basically self-employed, so this video would apply.
@davidlambert7937
Жыл бұрын
I have rental property
@leefranks36604
2 жыл бұрын
Awesome👍
@shermanstandberry
2 жыл бұрын
Thanks Lee!
@dbest4755
2 жыл бұрын
Sole Prop is KING !!
@shermanstandberry
2 жыл бұрын
Why do you think so?
@dbest4755
2 жыл бұрын
@@shermanstandberry Less paperwork
@dbest4755
2 жыл бұрын
@@shermanstandberry Less annual fees
@flako3100
Жыл бұрын
I don't pay taxes for my two companies just getting shit for me
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