Avoid These MISTAKES Before Starting an LLC!

[@karltondennis]

Subscribe to the channel for more tax tips and insights from an expert. Help us reach 1 million subscribers!

[@ljwryter]

Can I use the link for a consultation for my start-up? And when it's is asking on the application, my annual income does this mean (personal income)?

[@sooma-ai]

The video discusses five key mistakes to avoid when starting an LLC: not using an EIN, misunderstanding income types, not establishing an LLC before buying real estate, not knowing which tax forms to use, and not knowing how to reimburse yourself properly.

[@AtlasFalls]

Thanks bot

[@chasingdreamsnow4455]

Everyone in this country needs to subscribe to this channel. This is the best taxes explaining professional on KZbin. So much knowledge and so clear to understand. Thank you for your amazing work. Hope one day I can team up with you and your team.

[@J3r_B3ar]

Excellently done; thorough, clear, & to-the-point. ❤

[@lucasamorimporto3300]

congrats with this content, I just opened my llc to manage my stocks portifolio and get some benefits on the income tax.

[@ScottJLetourneau]

Great tips, Karlton; I would also add that it is not the LLC management structure, who the member should be (owner), capitalization, partnership concerns, out-of-state LLC formations and nexus issues, and matching the correct operating agreement to taxation type, and membership.

[@Jupiterxice]

Omg you are now my new go to for information because I am thinking about starting a business. This information is awesome for a new person like me.

[@marshacherubin9094]

Great information! I’m just starting up a business and your videos are extremely helpful! Thank you!

[@ninaalaman2613]

Can you Make a Video That Specifically goes into depth about the best way to lower Taxes and the deductions for 1099 Contracted Drivers. And the Pros and Cons.

[@melbahayes7007]

This video was just for me. Right, on time. Great info to start doing research on. Thanks 👍🏽

[@wandameekins3911]

Excellent video, very thorough, clear and to the point! Wonderful job!

[@mauriov]

Dude! you're the man. thanks! I won't ever miss a video here.

[@Red-gv9mu]

Just starting out. Thank you very much for the information.

[@sherrigladney8706]

So comprehensive and easy to understand, liked and following…THANK YOU

[@jerrymon808]

Love the videos! Can you do a video on pros and cons of turning your rental property from personal to LLC?

[@realsmurkizh]

You pmo sm boutta start my business finally kz I just turned 18 🙏

[@staytune-n3n]

Thanks for sharing your experience and I have a question I traded short term crypto and the platform required to me to pay 20% tax from other external wallets before withdrawal the money? I really need to answer.

[@dongahng]

If buying rental or Airbnb in different state or another country, then is it wise to have separate LLC for each state and separate one for outside of country?

[@TJ-th9hw]

Great content as always! Thanks Karlton!

[@svnti1239]

Great? This guy lies for a living

[@MattHare-x3d]

If you have multiple rental properties should you have an LLC for each one

[@KingdomHustlersAcademy]

Just discovered this Channel. Let’s Go ! Matt.6:33

[@MükemmelYüz]

Great video as always !!! I have a business where my partner is from overseas, how do I form an LLC?

[@melaninrichapparel1980]

I sub and like and comment. Epic video and appreciate the gems. I have started a Sole priority for my business years ago. I have me EIN number for years and never did anything with it. I stated Clothing Apparel business and just never uplifted it besides creating a Name and register my business as a Sole priority. I will watch this video and takes notes and will try to reach out to your team. Peace and Love Brooklyn NYC…

[@cesarramirez3060]

@karltondennis You might want to do a video of the fincen ongoing litigation. Companies are not required to file the BOI report as of now.

[@GoldmontRealtyCo]

You are brilliant ❣️

[@janine2317]

What business accounts do you use? What do you recommend?

[@theheatmagazine]

Thanks for this video

[@CargovanChickhusler]

Hey karlton can you do a segment being that it's almost tax time what you need to do to prepare for it? I was told to get a copy of all my bank and credit card statements that I used for my business and highlight the transaction is that true? Also I get paid by check and I use quickbooks how do I add the company's thst pay me to show as an earning in quickbooks. Please do a segment on this please.

[@Alaine.Rochon]

Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy have been earning $ 21,000 returns from my $7,000 investment every 12days..

[@kaka-jf5ih]

Wow that’s a whole lot of cash how can that be?

[@Alaine.Rochon]

Since I started my first trade with Mrs Claudia Ann Brandon I’ve been blessed.

[@Dexpark95]

Am not surprised you mentioned CLAUDIA ANN, most traders and firms knows her.

[@PassionLingo]

I must be honest pal I don’t know her am just a newbie in trading and investing.

[@Seeli77]

Claudia Ann is one of the best Finra-agents With high reputation recommended by JP morgan if not better off.

[@SanyuTrades]

Thank you for your infor

[@TheNeighborhoodAdjuster]

Nice time piece sir 🦍

[@mad1max71]

My dream is to start a Traveling Gospel/Musical Touring Business! For 28 years I've performed under other people, but unfortunately most of my performances weren't recorded! It's like I'm starting from scratch for myself. I have a list of other Artists, but no Gigs lined up yet. I've yet to build a Facebook or Linked because of lack of recorded material. My Financial Advisor suggested to me not to create an LLC until a Brokered Music Deal exists. What is your best advice?

[@Remy-dl6nc]

So I have a w-2 job right now and the company has made no money however I am using my personal funds to start the business until the money starts coming in. How do I account for this? I just opened a bank account but has very little money that I rolled into the bank. What do you suggest if I use it for personal funds?

[@sacotogamingchannel]

Does ordinary income from an LLC get taxed the same as someone who is employed by an organization?

[@jjsandhupbca1999]

Hi Mr. Karlton. How to become an Enrolled Agent for tax?

[@Lichele69]

What if you have the cash to pay for the property without taking out a mortage loan?

[@shoesraces6021]

I’m a barber on a mission to create a clothing brand , eventually plan on opening a barbershop or creative studio . I’m California Los Angeles, I need a LLC but researching the best way to make it . Any recommendations?

[@UPT12-y7w]

Thank you

[@juliozapata1505]

Hey make a video for LLC barber work at home in studio about deductions thanks 🙏

[@georgeflaviano5426]

If you are a trader and you make more than 100k which is better and smarter LLC or S-Corp? Thanks in advance

[@EmerilMccutcheon]

Personal training

[@THEtaxstrategists]

Folks...find a qualified tax pro!!!

[@JAEHAUGEN]

LMFAO

[@rotationpronation7997]

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