Documenting Contributions To Your LLC

[@AdarshGV]

Your explanations are precise and covers much of the common use-cases which is very informative for starters. Thank you!

[@ClintCoons]

Glad it was helpful!

[@AmandaDoane-f7u]

Best video seen so far!

[@organizer14]

These specifics are valuable for real estate professionals to learn! Thanks!

[@CTrizzy]

Hey thanks for this video Clint. I've been looking for the answer to this question and it's not well defined on KZbin. You got yourself a sub!

[@ClintCoons]

Thanks!

[@vinorixus887]

Thank you so much sir! This is incredibly helpful 😊

[@JULIUSisCRAZY]

this was simple and easy to understand thank you!

[@ClintCoons]

Thanks

[@dcmiracles2785]

Thank you very much! Important topic!

[@ClintCoons]

You are welcome!

[@EmilAliev7]

Great explanation. Thank you!

[@ClintCoons]

Glad it was helpful!

[@matherium]

Thank you so much Clint! This video helped a lot!

[@ClintCoons]

Glad to hear it!

[@rawmean8989]

Thank you for this clarification!

[@ClintCoons]

You are so welcome!

[@Cubez3171]

Great Information Thank You

[@jimmygills]

Thanks for this sir. Super brilliant

[@ClintCoons]

So nice of you

[@DeniseLWrightHiers]

Great Information, Thank You

[@ClintCoons]

Glad it was helpful!

[@shannaestevens]

Thank you for these videos!! Happy spouse Happy house 😁

[@ClintCoons]

Glad you like them!

[@kunleolutomilayo4018]

:)

[@klitsuk]

Great video. As always!! Question. Isn't it better to give an owner loan instead of just contributing the money? Making the the llc owe you the money (perhaps better if the company is being sued) or when you take money out of the company, it will be a return of the loan plus interest- so you pay tax only on the income which is the interest. Isnt it?

[@ClintCoons]

The loan is more paperwork and to perfect the protection you need to file a security document against the assets of the LLC otherwise you are not protected.

[@promomail1768]

The example you gave was for a business sale (very clear). When the accounting books are closed annually is net income distributed to the partners according to the contribution Ratio or the Owner ratio?

[@ClintCoons]

Yes it is allocated. Distributions are at the discretion of the managers.

[@jasonsignor7237]

Excellent! Thank you!!

[@ClintCoons]

You are welcome!

[@2LiL-BiT]

Thanks for clarifying!

[@ClintCoons]

Happy to help!

[@kayots]

Hey great video. Thanks for making it. I have 2 questions. 1. How is an LLC taxed for member contributions? (If it is) 2. Why is it necessary to document member contributions if you're a single member LLC opting to be taxed as a C Corp? (Also is what you said true if you elect to be taxed as an S Corp as well?)

[@ClintCoons]

The LLC is not taxed on member contributions (with some exceptions to investment partnerships). You document the amounts so you know your tax basis in the company. If it is a disregarded LLC then this is not as important.

[@Empress_Dominique]

Can you help me with my bylaws? I want to make sure it makes sense.

[@ClintCoons]

If you would like a FREE 30-minute consultation, you can request one here - aba.link/clintss

[@rudyvargas8830]

How do I fund my business bank account c corp with my personal money 💰

[@ClintCoons]

You write a check to the name of your company and deposit the funds into the company account. There isn't anything special when it comes to funding your account.

[@mariasalmeron532]

For a husband and wife buying a rental property, do you recommend creating a single member LLC under my name or a multimember with my husband?

[@ClintCoons]

Depends on wether you want to buy multiple properties and use financing. Might be better to place under one name so you can qualify for more loans.

[@2FindOut]

Sounds like a rip off im not sure. 5k person just made 10 fold vs other guy who made on 25%

[@threepointonefour607]

Toby did the work