How To Start An LLC In California - Tax Implications (Part 2 of 2)

[@zahoordattu784]

Excellent presentation - informative and detailed

[@ShiloByrd]

This was a super informative series, thanks so much for making it. Subscribed!

[@EfrosFinancial]

Thanks for the sub!

[@faltonito]

This shit was so good that I almost WANTED you to throw an ad in there at the end about which tax professional I should go with. But now I see that I may have to schedule a consultation with your firm! Thanks!

[@EfrosFinancial]

Haha, thank you for watching and for your feedback! :D Please feel free to reach out to us at [phone] to discuss further.

[@cindya1912]

This was so helpful! Thank you!

[@EfrosFinancial]

You're so welcome!

[@Team8LA]

Exactly what CA forms to file? Us 568 k1 for single member LLC? Why 568 k1 even ask entity type? Tks!

[@DeanVideoProducation]

I did register my small business in my county. Can i get only EIN with out LLC?

[@zahoordattu784]

Looking forward for an updated version covering regulations as of 2021

[@moedee1932]

Great stuff. Thanks for the information. Anyway we can get a copy of the spreadsheet you were using? TIA!! Also subscribed!

[@personal7681]

If I open an LLC simply for real estate protection, what tax implications could I be looking at? Could I be taxed on the rental income? Or could I state that is not part of the income because it would need to go to the mortgage?

[@TommyBlazeHD]

Can I get around of paying self-employment taxes if I have my LLC pay me as an employee???

[@jelanilopez5563]

I was wondering if you can help! If I have a DBA for an online school and I want to convert to an LLC do I have to get rid of my school and re-open under the LLC?

[@EfrosFinancial]

Hello Jelani, thank you for your message! While Efros Financial does not provide entity formation services (we typically advise that clients consult with an attorney for matters pertaining to entity formation as such matters may constitute legal advice). However, we can certainly schedule a consultation to discuss the income tax implications of forming an LLC, including any taxes, fees, and estimated income tax payments which may be applicable. Accordingly, please feel free to reach out to me at [phone] or info --AT-- efrosfinancial --DOT com to continue the conversation.

[@Juan-sf2cq]

If I made it mistake on my company name can that be Edit it

[@EfrosFinancial]

Hello David! Thank you for reaching out. However, questions pertaining to company naming issues are best-suited for a business attorney as information regarding business entities (including the implications of changing the name of an entity) may constitute legal advice.

[@salvattorealegro158]

So I wouldn’t pay taxes if I’m making under 100k? I honestly don’t know what biz structure I should go for. I’d be working on my own in Irvine