How To Pay Yourself As An LLC In 2023

[@GREATSCOTTGLASS561]

This is going to end up being a big channel.

[@Mgthemortgageguy]

Thank you! 🙏🏽

[@paulanderson5646]

Does Carter have a KZbin, I love his knowledge and delivery

[@BrandiRLove]

What are his handles? The Instagram link doesn't work

[@billwilliam1001]

Yeah... Right? 😂

[@terren_tc4coffil332]

​@@paulanderson5646 👍🏾💪🏾

[@tahirisaid2693]

I started my own business this month and I am meeting with my first client today. I retired last yr at 55 with 3 houses paid off worth 4.5 million. I will have an income stream of $20,000 per yr through my business. I realized that the secret to making a million is making better investments.

[@georgestone0123]

That is so amazing, I’m trying to get onto the business ladder at 40. I wish at 55 I will be testifying to similar success..

[@tahirisaid2693]

Credits to *ROCHELLE DUNGCA-SCHREIBER,* she has always had my back all through the process of working and investing. You can glance her name up on the internet and verify her yourself. she has years of financial market experience....

[@georgestone0123]

Heard many good recommendations about Rochelle Dungca-Schreiber by some YT channels, Seminars and other platforms.

[@worldwonders656]

Thank you for mention the name I might get touch with her.

[@davidduncan5813]

What was your job title? What experience do we need to get a job working there? Congratulations on all your milestone achievements.

[@rzathegoat238]

It's cool to see brothers getting together and talking business, this is the type of black media that needs to be mainstream. MG you're the 🐐!!

[@cheybotj3496]

"Black media" y did u have to throw race in there? Like wtf. I'm a white male and wasn't even thinking abt race until u said something? Regardless of there race I respect good info. And this dude was on point.

[@Bonjron]

I cant wait to be on that level i really appreciate this information as im building my credit

[@LS-fy1yv]

Nothin but net!!!

[@davidduncan5813]

I can't wait to sit at the table with like minded individuals and level up together!!!

[@marisacandice]

It’s something about people who look like me… teaching me that sticks. And also great seeing those same faces aspiring me to become financially free. Thanks y’all 🖤

[@kingrastatv802]

totally agree

[@phillipfletcher3557]

Yea it sounds like it's not impossible to do when people who looks like us explain it..!!!

[@BabyJesus66]

If you only learn from people who look like you, then you're severely limiting what you're gonna learn lol. Doesn't seem too smart of an approach to take. I learn from anyone smarter than me regardless of their skin color.

[@marisacandice]

@@BabyJesus66 I never said I only learn from people who look like me. I said it’s something about it that sticks. Learning the way I have got me the degrees, the house, the family, 6 figures on my 9 to 5 - seems my approach works and is still “smart” 🫶🏾

[@sssssssss111]

@@BabyJesus66 Where did she state that she only learns from people that look like her? Learn to comprehend what you're reading without assumption first, before you try to learn at all.

[@Biggerthanme8]

i appreciate this game you been dropping, i'm only 19 learning all these. i'm gone be so set for life

[@GainGreenNow]

Congrats to you for putting self Education OVER Entertainment 👏

[@QueenCA803]

If you apply the knowledge you sure will. Congrats to you for investing in yourself so early! Rare!

[@kesh_vip]

Proud of you 💯💪🏾💪🏾 Keep going

[@MPENetwork]

This guys has 90k subscribers and is still responding to subscribers! Man I call that engagement! Salute bro. Be the greatest!

[@kaytoyatheexplorer59]

I just applied for a mortgage to buy my first home . Although my business makes $90,000 a year I was writing everything off . This year when I filed I didn't write everything off . Long story short , my credit is 750 but I didn't show enough income to buy the house so basically I need a co-signer or I have to wait another year 🤷‍♀️. So iam going to set everything up so I can now start paying myself a w-2

[@Nanbebe7]

I’m doing this as well

[@kevinfrierson2715]

Use a manual underwriter to get a mortgage.

[@mazilyahlyde4073]

I appreciate these men because you have to pay for all this information.

[@JohnTurner313]

One thing nobody seems to talk about or cover is funding your LLC. Ok, you got it formed, you take your papers to the bank to open an account, then what? What do you do? If you're setting up your LLC to protect your assets, and taxes are a concern, what is the right move? Just whip out a $20 bill and put it in the account? How does that go into the accounting books? Everyone skips right over this and it seems pretty important to me.

[@Keepithunnidplus]

You have all the right questions, now research. Literally look up what you are asking and read read read. Tired of seeing comments like this. You’re basically saying you not only lack comprehension skills, but that you’re lazy.

[@adamdailey4168]

I’ve owned real estate in LLC’s for 10 years and you guys still teach me valuable information to use. Glad I stumbled upon your channel!

[@LashusJourney]

Me too ❤

[@antoinepowell649]

Ten years surround yourself around smarter people ten years in and u don’t know this information is not a good look

[@adamdailey4168]

@@antoinepowell649 don’t worry about me I’m doing just fine not surrounding myself around ppl like you. But ty for your meaningless input

[@CallmeQuayZ]

@@antoinepowell649 your negativity was so unnecessary

[@antoinepowell649]

@@CallmeQuayZ I’m sorry love I gotta keep it real

[@Jeremysbox]

I can't really put into words how much I needed this specific video. I appreciate the "classroom learning" that doesn't feel like forced/stiff classroom learning. I'm tapped in! This was a conversation with the bro's on the next level. I appreciate y'all.

[@cweathersby]

💎💎💎💎. Bro I was racking my damn brain trying to figure all this out. I started a c corp back in 2005 and didn't do nothing with it cause of the military but I had box credit back then. Now I wanna start it up again since I still own it. THIS IS GOLD!! God bless y'all brothers ✊

[@cweathersby]

@Justin Gonzalez na Ive been out since '16

[@Time4Tnow]

This conversation went from an Elementary/Beginners chat to the college level quickly . Thanks for the gems-LLC UNIV. Addressing the multiple entities became confusing for a beginner like myself. Great explanation on why you need to stay in each lane.

[@getouttadebt2024]

😮😮😮🙌🏾🙌🏾🙌🏾💎💎💎 this video is so GOOD!!!! I just pulled over to listen to this AGAIN …. in my way ti work😂😂😂!!! Investing in me 2023 with the LLC (y’all see what I did there …!!!!!

[@ryankillpatrick]

MMmmmaaaannnn!!! This is what I wish BARBERSHOP or BACK YARD BBQ .......OR SUNDAY SCHOOL or TIME WITH GRANDPA OR THAT PARTICULAR "UNCLE" conversations would be like!!!!! A LOT of regular honest talk......but all money talk! progressive and profitable!!!! And nothing shady!!! YOUR channel and the other one with JT AUTOMATIONS are finna be the ONLY streams I listen to all day on youtube!!! ON LOOP!!!

[@sunandwind2983]

The power of black men building together is amazing I learned a ton. Thanks guys

[@mdepalm87]

Transferring that distribution to "another company" - like a holding company - that's an important point. Would love to see a video on that structure.

[@KRUCIALmuzikgeniusguy]

GREAT INFO FELLAS 👍 IM A CHEF JUS BROUGHT A 30FT RV FOR FOOD TRUCK BISTRO....IM ABOUT TO GET ON MY LLC JOURNEY ASAP!!!!!!!

[@PrideandBeauty]

Thank you for explaining the difference S-CORP and LLC

[@Kharmicreoccurance369]

This was so clear, concise, and easy to comprehend. Black excellence!!! You guys are great. Keep killing it

[@dawnbluitt240]

Matt you have always been the 🐐 so proud of you!!!!!!👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿

[@gerellsmall661]

Just form my LLC. Now trying to build business credit

[@Adornedbythequeen]

Wow I’ve been learning so much from your podcasts! I just bought Profit First based off this interview! It’s also very refreshing to see and hear black men/women on your platform uplifting our community and taking us to new heights! Keep inspiring us! I love to see it!

[@AnnaCentauri]

Latinos too. I am down south, got redlined by multiple banks. More tools for business

[@AMetalWorks]

I don't disagree with you on this statement however I need to address something. Don't let the color of someone's skin or how they look dictate how much you can learn from them. Education that leads to success has nothing to do with the color of someone's skin or the image they portray to their peers. If you're waiting around for someone who looks like you to lead you to success, you'll be waiting a long time. Why? Because you're suffocating your potential education and growth. Limiting your opportunities to be inspired by. This is the problem in the minority community. We're waiting for someone from OUR community to come up so we can ride their train to success. If you truly want to win, you need to follow the lead of ANYONE willing to educate you. We need to teach our children that too. These white people at the top weren't given a hand out. They learned how to play the game and make sure their kids know how to play it too. Their isn't anything wrong from learning from a true billionaire and a wealthy family who's been running things for years. Matter of fact you might start to understand why these people act the way they do towards others. It's a win win. We have it SO easy these days. ALL this information is on our phones. We just don't spend the time to learn it. We're waiting for someone familiar to hold our hands and lead us into success. Again it's in all of our hands everyday. We're just too lazy to dive deep into the subject. This might be the result of people not wanting to accept how hard rich people actually work. Those people are always grinding and working towards success. That's the only path forward regardless of what you look like. So learn the game from anyone willing to help you learn it. Sorry for the rant but I think this subject is extremely important for minority to understand. My peers are doing the same dumb shit they were doing 20 years ago. I'd be drowning with them if I didn't search for more on my own. If I wasn't willing to study truly successful people.

[@Adornedbythequeen]

@@AMetalWorks I appreciate your outlook. However, I am definitely not limiting myself to learn only from people who look like me. I am a global learner, I learn from everyone & I’ve attained much success in doing so. But as previously stated, I love seeing minorities, especially black men and women uplift our community because we don’t have as much representation as we should. I will continue to give these men their flowers because our community needs them.

[@thirtywam]

This is God sent! I was watching a video about starting an LLC then this video immediately came next. I’m glad it did! learned a lot of useful information that I never thought I needed. Thank you! You’ve just earned another subscriber! And another IG follower for Mr Carter the CPA❤

[@sanro9542]

I love watching black men talking about business and money!! Glad to see you all talking relevant information

[@deehopp]

Huge gem about the multiple accounts and looking like a reputable borrower! Around 14:45

[@NobleAIan]

The tense atmosphere,..the god tier dialogues..the oscar worthy acting.. and then passionate screen writing.. my God this is why I fell in love w GOT. sorely missed phase.

[@brolybsavage]

The best how to pay yourself video of all time.

[@awilliams1889]

Y’all just saved my life free from stress. I’m a new tax business owner, my husband has his own trucking business and I’m starting two now. I’m so grateful for this sharing of information y’all provided. Thank you so much. I appreciate it.

[@TheMsNichelle]

The five business accounts makes so much since!!!!

[@Ljerzey]

🎉Carter thanks for the 💎 💎 💎 Brah.. You brother's are doing GREAT WORK.Thanks for the knowledge ❤

[@aroucagirl1898]

This video was Gems, Fire, Lessons, and Masterclass. I'm making myself ready by clearing up my credit and saving. I'm soaking up everything. I have your Hackenomics book MG. Thank you for bringing everyone to you platform. I'm so excited and want to do everything the right way after messing up so many times. I keep praying for God to keep me humble and not jump into anything too fast anymore and make a mess because of my rush to make it happen now. I'm terrible at emojis but please know my heart receives your content and I understand that you want your people to thrive. I will be a multi property owner with over a million dollars in profit. This is my manifestation for myself. Blessings to you & Rants and Gems for your hard work. Hope we meet one day. Shout out from Brooklyn.

[@tleeisme2]

I am a new LLC owner and I’m hungry for knowledge and understanding! This video helped break things down where I could understand and know how to move successfully for my businesses future.

[@clarkfluegel6875]

We need to start telling people that if you have an LLC, and get sued, it doesn't take much for them to just sue you personally. Especially if it's a smaller company of just one individual.

[@nxtguest9195]

Get business insurance and don’t co-mingle funds

[@thecaroconcept]

He has such good energy 😊 he definitely loves what he does

[@anthonyheardjr1246]

All the great questions and enthusiasm kept me hooked!!

[@ahigherqualityco]

This video was amazing! I need mentors like these 2 brothers breaking down the knowledge!

[@JordonJohnson1707]

Having Tooks on is great!!! He asks the question from the standard consumer's POV. Keep up the great work MG.

[@annjames8211]

Love that gem about only providing 1 bank statement when running profit first!

[@carlysai682]

Little ol me in Honolulu, Hawaii found so much value in this. With comedy and truth. Just like I prefer. Mahalo guys!

[@the122]

I admit myself a novice in the ins and outs of legitimizing my own personal business, but this quick clip inspired me to do my own due diligence and do myself a better service to myself and my business by following the things you outlined to finally become profitable and make my business more sustainable. Thank you.

[@KenyaCoxx]

Your response is so relatable.

[@sessinganderson4622]

first time here. learned something. thank you for info on the book and making sure I have the 5 bank accounts

[@yohatz]

This is so eye opening, when you mentioned distributions going into another business I was cheesing with you . Brilliant.

[@BrokeTruckerGyal]

Y'all are the friggin truth. Y'all broke this down so easily. Got me feeling reinvigorated. Thank you!

[@demarcobrown1138]

Them brothers are dropping Gems. I appreciate yall.

[@alm1904]

This was great content, excellent speakers. I would have added a few things..............Any time the owner has a personal vehicle used for business consideration should be given to whether the S corp will still make sense. Also, for anyone relying on social security for retirement I WOULD NOT recommend trying to save a few dollars on social security tax today -it lowers future social security benefits at retirement. Also, never put real estate into an S Corp --it's like marriage, easy to get into hard to get out of. With real estate put it in a regular LLC - like dating, easy to get into and easy to get out of.

[@jcousin411]

I love the Profit First system. It was a complete game changer for my business finances! Great video. Thank you.

[@SpeedyHaulingLLC]

This video was send by God to me and you guys are definitely men of God.

[@Revadiva11]

Thankful and grateful for stumbling into your page

[@InfinitismYT]

💎💎💎💎Army veteran from Puerto Rico on an entrepreneurial warpath. Thank you!

[@gci770]

I toke notes. Big gem Carter! Heavy Duty, heavy duty!

[@karlynwilliams1016]

wow. love this where were you guys when I started my business. This is rich GEMS you dropping. Thank you

[@tamika9443]

I'm halfway thru the video and already learned so much. THANK YOU guys so much. The S Corp breakdown 💎 💎 💎 💎 💎 wow

[@hausofpoos]

This was everything! Straight to the point and very easy to understand.

[@mindhearts]

APPRECIATE THE THOSE POWERFUL GEMS THROUGHOUT THE ENTIRE VIDEO MY BROTHERS 💯💯💯💯🔥🔥🔥🔥🔥🔥

[@JerkbaitPro]

This is GOLD 🥇 The dynamic between professional explanation and experienced business owner explanation makes all of this so easy to absorb 👏

[@trinitybell945]

Yall BLESSING me with this information in terms I can actually understand, thank you!

[@fernandosalazar1011]

I learned more in these 15 minutes than I have in some of the books I read 😳🧐

[@danahoward759]

Wow!! I loved this episode.. So many Gems!!! This helps a lot. I've got a lot of homework to do now..

[@RAWEXOTICS]

That boy carter just put me on so much game in 7 minutes or less.

[@yung_tuber4732]

I love it! Gems, gems and more gems. Thank you kings so much for passing down this much needed knowledge. Blessings to you from a generational wealth newbie .

[@jwaynecurry]

Dropping gems. Great information. Please clarify that there is no such tax entity as an S-corp. It is a tax structure. You have to be an LLC or corporation to be taxed as an S-corp. You cannot own an S-corp. You cannot upgrade to a S-corp. You simply choose to file the paperwork to be taxed as an S-corp.

[@You67681]

I’m 13 and about to start expanding my business and I already know imma a need to take notes this video is so valuable and easy to take in,you guys have helped me learn more about a LLC and now I’m kinda questioning if imma let some handle my taxes😶‍🌫️

[@amyvogler8411]

Thank you for the excellent questions and detailed responses! I'll be diving into your video library to learn more.

[@smithbookkeepingfinancials6002]

I recommend Sure Payroll and when set up state its call Employer Withholding Tax ID Number for Payroll State Taxes The Banks look at Cash Flow, why not put your traveling Expenses on Business Credit Card I agree with Separate Bank Account for Payroll, Sales Tax,

[@thedevinenetwork]

💎💎💎💎💎💎 After 1 year!!! This will age masterfully!

[@crystals6609]

Who is this guy? Gem dropping gentlemen

[@williamsworkshop717]

Love this! Just started my own LLC this video is perfect for new business owners!!

[@shmokenjoe]

Shoutout 2 yall and that K1 b2b game 👊🏾🙏🏾 #yallrappreciated

[@MikkiAye]

Great info! Thanks so much for clarify a lot of things for me.

[@iveriani]

This is some major gems✨ Thank You For Sharing 👍🏾

[@veeisher]

💎💎💎💎💎 Thank You Carter!!!! That ✋🏽bank account tip was Golden bae-beeeee! 🙌🏽🙌🏽🙌🏽

[@saucykid7147]

Definitely helpful ,best KZbin channel for upcoming entrepreneurs, str8 to the point and no bs ,Preciate all the free knowledge guys ,may god bless y’all 💎🙏🏽

[@janetgonzalez3355]

Me and my family are looking and getting ready to go into business into property investment. We are novice to the whole game, second guessing myself, if this is something I could do. I started telling myself this is something I/we could do successfully, just need to educate myself, do my homework and work intelligently towards my goals. I'm so happy I stumbled on to you intelligent men to help guide me through my financial journey towards financial freedom and wealth. I know this will take time, hard work and discipline. I'm excited to learn and absorb as much knowledge from you. Thank you for sharing this gold with us.

[@moniquecmackey]

Wow! Lots of great advice especially having those different bank accounts 😉. Thank you ☺️

[@godsplan8527]

This is very valuable information. I haven't found this much clarity on KZbin yet. New subscriber

[@JSmooove]

appreciate you, carter. i got my llc last week and just opened my business accounts. i like the idea of immediately allocating my funds the moment they hit my account. thanks for the help.

[@leestapleton1169]

You need help because you need some money for a start up business or a personal or business grant ? *Future Imperative Corps* is the team you need to help you.

[@leestapleton1169]

Get in touch with them for help doing this. *Future imperative corps* will grant your request and help you get approved for receiving grant funds or any other available funds making methods.

[@leestapleton1169]

Search *”Future imperative corps”* to chat Brandon about getting you approved for grants and also making yourself some money.

[@leestapleton1169]

Don’t look their name up on KZbin or Instagram. Look up using google instead. Doing that takes you directly to see their website platform to make your request.

[@leestapleton1169]

Deposit and withdrawals don’t take much time. The SBA grant process is very comfortable.. I highly recommend *Future imperative corps* both for noice and professional.

[@tdmallet]

I follow several cats, MG has to be the best. Serious, serious content. To the point. Excellent questions and content. MG is correct, he's a conversationalist, period. Subscribed a while back, within the first few minutes of listening. Big ups to MG keep it coming. I know you will.

[@justbee-causecreations936]

Thx for the free info.! You provided some clear and concise details to help w/business money mgmt!

[@tiffanymarieco]

This is good and definitely needed at the beginning of the year.

[@lkstarks]

THIS EPISODE IS EVERYTHING!!!!! Thanks for making their foreign language sound normal!!!! 👏

[@topcurl5252]

I love this conversation very informative I learnt alot I am planning to start up a LLC.😊

[@Dukeisblessed_504]

BIG💎 💎 FR! Appreciate it! 🙌🏾🙏🏾💯💪🏾

[@handle100dat]

I must say as a single mother this was some great info to hear. I’ve started my business LLC last year which now I’m ready to take to the next level. To open a business bank account who do you prefer?? Doing business with a bank or a credit union??? And if it’s a bank you choose, who do you recommend??

[@JoeJoe-wp1vv]

This is my third time watching this video, the first time I just was watching it I wasn't really listening I was just hearing it while doing other stuff. The second time I reviewed it again and fast forward some parts, sorry. I'm back for the third time because as I was doing some homework and going through different websites I landed on LLC University and as I was going through their website I remember that it sounded familiar and I didn't know where I heard it from. As I was watching a video before this one, this one came on next because it was playing all my KZbin "Favorites" and when this one came on and in the beginning you mentioned LLC University, that's where I know that I knew I heard it from here. I believe they even recommend a Registered Agent. Thanks 👍

[@beestreet9996]

Hey there I'm watching you guys and learning so much I have my own LLC and a couple of rental properties I wish I knew about you guys before you guys are my new favorite guys

[@yooqwuan_7205]

That information about the 5 accounts was needed 💯

[@Team-gw5uw]

Respect to this channel!

[@TailoredPressHQ]

Y’all brothers had me hype watching this SUPER DOPE content and most of all I loved watching my big brothers converse on a different intellect and about something meaningful. Im lil brother E from Pa Tunning in to the DOPENESS yall fellas dishing out. Keep up the outstanding work fam and I’m MOST DEFFINITLEY looking forward to ALL FUTURE CONTENT‼️✊🏾✊🏾✊🏾✊🏾✊🏾✊🏾

[@SeanCrowne333]

This was one of my favorite talks on this subject I’ve seen in months ! Thanks carter!

[@RoxiP5514]

Appreciate this breakdown video. Much needed.

[@journeywithnicoleb]

Very informative. Lots of this information I knew as a business owner, but still some good gems like the 5 accounts.

[@michaeledwards6018]

This is timeless information...making financial literacy great.

[@jasonhall9662]

Carter str8 kickin' knowledge! Thank you!

[@Mayarebekah]

So much valuable information. God bless y'all!

[@adventuresblissconnection4198]

Less than a minute in and I already received value from this vid. Great content!

[@recardowalker817]

Family if you know you know keep up the good work great gems ❤

[@RavantCorp]

This info was so good! I can’t stop watching the replay over and over…

[@MD99DD]

Thanks for this. Really needed this info.