How To Pay Yourself As An LLC

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3 жыл бұрын

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Enrolled Agent Karlton Dennis has seen everything in the game, using his knowledge to take advantage of his tax-return every year to write-off some quite luxurious items. The thing is, ANYBODY can do this! How? Find out on today's Taxes Made Simple!
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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#taxes #taxfreeliving #taxexpert #taxreduction #llc

Пікірлер: 8 400

@BurnerPhone1 Жыл бұрын

Make sure you’re making a minimum of 40-60k PROFIT before switching to an s corp. You don’t want to pay 10k to save 5k

@eichment Жыл бұрын

I tried to talk to a SCORE mentor that has created and sold 4 companies, and I asked him about switching to an S-Corp and he said there was no reason to, because if you get sued they will still just come after you not your company...and that's all he said. He didn't bother explaining any of this. You made it so clear when and how and why. Thank you. The lucky few who make it to your channel, who, like me, don't have a mentor or parent to teach them any of this; we are grateful that you put in the effort to make this and help the rest of us do better for ourselves. You are doing great work and helping change the lives of people you may never know. THANK YOU

@bossladybee8323 Жыл бұрын

😊😊thanks for saying everything I was thinking 💭.!!

@sanmiguelterritoriodeldogo742 Жыл бұрын

That. All of that. ❤

@PowerHouseWash Жыл бұрын

Talk to a former business owner (SCORE mentor) and they tell you 1 thing. Talk to an accountant and they tell you another. It's up to you, as a business owner, to utilize your resources for their strengths, and ask the right questions to the right people. Next time have a game plan for the meeting and do some research before hand. You'll talk much more intelligently and be much more productive. It's your business and all the responsibility is yours. Good luck, Simon!

@Kangaruworld1 10 ай бұрын

Out the SCorp into a trust

@RH-nc8uu 10 ай бұрын

Did we not forget the name 30k at 7.65% to your scorp $28k tax

@Willycheng590 4 ай бұрын

I remember having a consultation with a financial analyst last August, and it was incredibly insightful. Can’t stress enough how helpful experts in this field are!

@Willycheng590 4 ай бұрын

My colleagues had a good laugh at me when I told them I started my journey with $5k capital and how I accumulated over 5 figures within a span of 7 months. They never believed me until I pulled out my P&L. As long as you diversify your portfolio, any single stock or investment that you own shouldn’t have too much of an impact on your overall return. If it does, diversifying might be the right choice for you, as one can also try out other commodities. I now have a balanced portfolio that is yielding me profit thanks to guidance from Jonas W. Herman.

@Willycheng590 4 ай бұрын

Hermanw Jonas (a Gma!L comm Is he taking commissions for his services? Yes, I’m I still making money in the process. Most definitely!

@Sammytammy192 4 ай бұрын

Thanks for the advice, both of you. It’s reassuring to hear positive experiences. I feel more confident about moving forward with Herman now. I just shot him anemail. Thanks for sharing your

@Miawilmore 4 ай бұрын

With landscapes shifting, new regulations have been passed that have impacted my investing plan negatively but with Jonas coming into the picture, I have been able to rebalance my portfolio in such a way that I'm making great ROI. It's awesome how a “little” shift can make a huge difference!

@seraph...4473 4 ай бұрын

Bots talking to themselvess

@josueperez870 2 жыл бұрын

Wealth is not just about finance, but health and wellness is critical especially in our black community! No need to have stuff and money if you don't have your good health? Rick Ross finally understands this truth now! What does it profit a man/woman to gain the whole world if you don't have optimum health to enjoy it all! Let change the mindset about the diet & wealth in the black community so we can all go up together! Above all things... I wish that you be in good health and prosper even as your soul prospers! God bless you brothers! and remember to use *850 credit restoration* for your bad credit and negative credit marks and inquiries removal

@itskb1443 2 жыл бұрын

Took a year for me to build my score from mid 400s to 600 where I’m stuck now. I have 2 credit cards, a self account, auto loan. Everything paid on time and utilization 5-10% paid off every month. Thinking of applying for a new credit card or something cause my score isn’t increasing Great recommendation, this helped me alot. *850 credit restoration* was one of the best things I had come across as far as boosting your score. I don't remember the actual number of how much but it was somewhere cool!!

@sylviehodonin8982 2 жыл бұрын

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@sylviehodonin8982 2 жыл бұрын

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@sylviehodonin8982 2 жыл бұрын

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@xtremeseniors 2 жыл бұрын

Why do I see this same post word for word under different names on KZbin comments? ( Josue Perez)?

@abijahjames621 2 жыл бұрын

I drove my first car in my dad's name and later went to get a truck in mine after I paid off my first one and drove off the lot with the truck I wanted, its mostly about a good credit score and a loan portfolio helps as well...lenders like to see various forms of loans in your name to be less of a risk and yes you might have to put money down but not HALF of the car loan Your exactly right I screwed my credit as a young man now I own a detailing company and can't get anything with out the full amount of cash. I'm working on my credit to get better with *850 CREDIT RESTORATION* , Love the knowledge keep it up

@angelcarter4723 2 жыл бұрын

Thank you so much for your inspiration! I have traveled a similar path, 2 college degrees, multiple jobs including credit problems. I am now 65 years old and have found my purpose in life. Currently in the process of starting my own business. May God continue to bless you and May He continue to bless *850 credit restoration* for me for every successful deal we conducted

@neomatrix4136 2 жыл бұрын

This is more pertinent credit information then I have ever heard presented. I have done extensive research on this subject matter! I can't thank and express enough gratitude for both you two fine people. Extremly valuable and voluntary credit knowledge provided anywhere on social media. You have put a lot of so called credit guru's to shame! I am shocked never before, everyone is always trying to get a buck off the ones in this world that struggle the hardest. Thank you so so so much discreet phase resolution!! I only wish I had been on the live chat to have had the opportunity to win some cash!

@neomatrix4136 2 жыл бұрын

@leivaandre 2 жыл бұрын

Keep buying cash bro

@adijkhady2840 Ай бұрын

Thank goodness you brought this up! Truly, :nvesting has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!..

@ShawnArmstrong273 Ай бұрын

Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!

@Evan_Trevor Ай бұрын

As a beginner I would recommend you get started with a professional broker that will guide you through the process and trade for you while you get the daily profit and rewards.

@Luna_Lockhardt Ай бұрын

Do you mind sharing info on the adviser who to assisted you? I'm 39 now and would love grow my portfolio and plan my retirement

@Derrickdustin Ай бұрын

SARAH JENNIE DAVIS

@Derrickdustin Ай бұрын

That's my licesed Financial advisor you can easily look her up, Thank me later!

@JimButler1234567890 Жыл бұрын

Excellent info, very concise and easy to understand, and this clarifies a subject that many other videos miss the mark on in their well-intended attempts to educate. I will definitely be watching more of your content. Thank you so much.

@mohdafroze8552 2 жыл бұрын

I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did not use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in *850CREDIT RESTORATION* and I m ust say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!!

@sylviehodonin8982 2 жыл бұрын

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@sylviehodonin8982 2 жыл бұрын

Love the energy! Glad I found this recommendations! Everything you say is 900 million % so true and correct!

@sylviehodonin8982 2 жыл бұрын

Love the energy! Glad I found this recommendations! Everything you say is 900 million % so true and correct!

@sylviehodonin8982 2 жыл бұрын

Love the energy! Glad I found this recommendations! Everything you say is 900 million % so true and correct!

@sylviehodonin8982 2 жыл бұрын

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@kawannadixon4327 2 ай бұрын

IF THIS HAD BEEN TAUGHT IN MIDDLE OR HIGH SCHOOL I CAN'T IMAGINE WHERE WE WOULD BE RIGHT NOW !

@debdo1960 Жыл бұрын

Omg....thank you so much. Seeing my accountant in a few days and needed a clear understanding. Thank you for breaking this down in a very understandable way. Much appreciated 🙏🏻

@angelcarter4723 2 жыл бұрын

@hadejjas 2 жыл бұрын

VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but *850 CREDIT RESTORATION* info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well

@neomatrix4136 2 жыл бұрын

@cwr8618 2 жыл бұрын

@@neomatrix4136 how many times you gonna post this boss

@ComedorDelrico Жыл бұрын

There's an error here. When you have an S corp, you still have to pay 15.3% payroll tax/SE tax. It's just that as an individual, you pay 7.65% FICA, SS & MC but then the S corp has to pay an additional 7.65% in payroll taxes. Add 7.65% + and 7.65% and you get . . . 15.3%. Plus, as an S corp, you will need to pay unemployment and workers comp insurance as well. And you can't deduct one half of your SE tax. The main advantage to the S corp is that you'll only pay the 15.3% on your wages instead of the entire business income. Also, if you are an Uber or Lyft driver, you do not receive a wage. You receive business revenue which will be used to calculate your business profit or loss on schedule C.

@camillramirez Жыл бұрын

Really ? Buts it's still.worth the change right

@crarls27 Жыл бұрын

@@camillramirez it is worth it if you are making enough "extra" money beyond what a reasonable salary would be. With s-corp you need to officially pay yourself a "reasonable salary" and that is what you pay employment tax on. The IRS is kind of hyper aware when you are s-corp status so that you can't get away with paying yourself a $10,000 salary when it should be a $60,000 salary. But if you CAN pay yourself a reasonable salary and your business is pulling in like... at least $10k on top of your salary, then you're likely in a position to benefit from the tax savings you'd get with an s-corp. If not... stick with an LLC.

@semonebrisson2552 Жыл бұрын

The tax savings on a S Corp applies only to social security/medicare taxes that are NOT paid on s corp bottom line net income which passes through to. the shareholder's personal tax returns.

@charmainemendez4064 11 ай бұрын

@@crarls27great info

@charmainemendez4064 11 ай бұрын

Thanks, for pointing out errors. Great info

@billpaypetrus778 Жыл бұрын

That was very thorough, encouraging and well thought out. Thank you for putting this together and I look forward to what I will watch next.

@locotx215 Жыл бұрын

By far one of the easiest videos to follow. You took away the mystery of LLC vs. S-Corp and broke it down solid!

@michealwrubell4302 Жыл бұрын

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

@Walter_hill_ Жыл бұрын

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

@lipglosskitten2610 Жыл бұрын

Thats true, I've been getting assisted by a coach for almost a year now, I started out with less than $120K and I'm just $19,000 short of half a million in profit.

@lipglosskitten2610 Жыл бұрын

@Dan Brooks Big Credits to 'Christine Jane Mcleanshe has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Christine as been a good guide through the year.

@pawlieblog7967 Жыл бұрын

Invest and stay in for the long term. Highs and lows come and go but you’ll always be better off than if you just sat on your money.

@aluciat333 5 ай бұрын

I am just finding you and I can't tell you how grateful I AM! You went over and beyond the explanation and that is deeply appreciated! I have no idea if you are even gonna see this message, as it has been 2 years since you posted this! Wow! I subscribed and thumbs up on ALL your content. Thank you Karlton Dennis!

@user-ep6dj8my9i Жыл бұрын

As I am setting up a new S'Corp, I have seen a lot of videos to make sure I am accounting for taxes for payroll and distribution correctly. This by far was the most easy to understand and through video.

@pumpkincoffee 15 күн бұрын

How are you doing right now?

@pumpkincoffee 15 күн бұрын

How are you doing right now?

@lauratatum165 Жыл бұрын

Please make more content like this, you are a great teacher, its easy to follow, understand and learning the information because of the simple way you break the information down. I will you also teach about nonfprofit, the steps of how to start one and the tax side of it as well.

@tomaitoe Жыл бұрын

I remain amazed and grateful that information this valuable is available for free. Thank you, Mr. Dennis!

@hadejjas 2 жыл бұрын

@bradcarver17 2 жыл бұрын

I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude Marvin and *850 Credit Restoration* was so helpful during the process of boosting my credit

@preranachakrabarti2021 2 жыл бұрын

Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *850credit restoration* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.

@neomatrix4136 2 жыл бұрын

@kralkaktus7881 2 жыл бұрын

CREDIT LORD TOTALLY ROCKS.

@1camelrider 10 ай бұрын

Finally someone who breaks it down quick and simple. Ty for the info. This is awesome. Great job!

@livingingreenvillenc6904 Жыл бұрын

God bless you brother. Im a realtor and Ive been trying to figure this out. Presented very well.

@brandonclark1119 Жыл бұрын

Oh I'm soo glad to know this here now! Thanks for your educating me on this!

@moisesrincon876 11 ай бұрын

Bro you’re a life saver just started my trucking business 4 days ago and I run into this video….. now I gotta make some changes thanks a ton!!!!!

@huseyincetinler6891 2 жыл бұрын

I was able to get a possible judgment dismissed due to the help of credit lord wih the debt collection company saving me over $11,100.

@zohargross462 2 жыл бұрын

What if u in the highest bracket? And have few Buisness

@kellireece6348 3 жыл бұрын

Geeesh! You are such a wonderful communicator! I wish learned this information years ago. Thank you for sharing your (quite literally, invaluable) knowledge with those of us who want to learn what you're willing to teach. Bravo!

@julieK2870 Жыл бұрын

I just opened my OKC but haven’t started the work yet. I am so glad I came Across your video! I’ve been self employed for a couple of years and it’s a pain! I’m glad I found this before I messed it up! Thanks!

@ejohnsonw 11 ай бұрын

This is the first video of yours that I have seen. I don’t even know why I came across my feed I have liked and subscribed to your channel very informational. I plan to binge watch the rest of your videos.

@chrismartini9602 2 жыл бұрын

I have been and llc for ten years and NONE of my CPA’s have ever explained it like that. WELL DONE !!! This information is priceless. THANK YOU !!

@iessex6713 2 жыл бұрын

This!!! Its so much to learn with all of this!!! I'm here for it!

@jesusislord6545 2 жыл бұрын

Repent to Jesus Christ “Dear children, let us not love with words or speech but with actions and in truth.” ‭‭1 John‬ ‭3:18‬ ‭NIV‬‬ O

@robinson2589 2 жыл бұрын

Exactly he’s great at explaining it.

@wakeybakey22 2 жыл бұрын

Its really not.

@lonewolf744 2 жыл бұрын

Same here.

@lindagrigsby8669 2 жыл бұрын

Thank you for doing this video and I love your simplicity. I’m starting my own business and this has helped me tremendously.

@YlnaE Жыл бұрын

This IS GOLD!!! Thank YOU!!!!

@karinholmberg4253 Жыл бұрын

This is really really helpful as I start my own business for the first time. I'm grateful to know this in advance. I may have made some REALLY big financial mistakes otherwise.

@j.acosta1001 3 жыл бұрын

I instantly subscribed because you are informing business owners with quality content. Thank you.

@eugenealfred6150 3 жыл бұрын

I’m in the process as we speak of starting my LLC, I love how you broke this all the way down. I appreciate you my guy and I will be subscribing to your KZbin channel. I will be following you because you have a wealth of knowledge!!!

@raygandarilla 2 жыл бұрын

How did it go

@briancutler4039 Жыл бұрын

This content is amazing! This is EXACTLY the info i needed! More of this type of conetent please! You got my follow for sure!

@jackiraguzman1724 2 жыл бұрын

This was the best information that I have EVER come across. As a Financial Advisor I am always looking for people to support clients that have these issues and can explain what is going on without them "wasting" money with no results. I will definitely support this recommendation *Discreet Phase Resolution* to all of my clients when I see they have a financial issue. I have been hood winked by so many companies and people in this line of business and I am excited that theyre a team of integrity to actually help people

@b.i.gmusicgroup5446 2 жыл бұрын

You should do the same

@riasb 2 жыл бұрын

Chile lmao so many scammers here pls be careful … inflation got the best of yall huh

@zureai 2 жыл бұрын

Ducking bots

@stephaniecisneros1003 Жыл бұрын

What about rolling 30k into an IRA, wouldn't that drop your tax liability as well? After 3-5 years you can pull from it and start diversifying your investment portfolio?

@kingof85 Жыл бұрын

@repentandbelieveinJesusChrist8 Amen

@christinas3066 Жыл бұрын

This is Content GOLD!! Ty!!

@chrissprenkel 10 ай бұрын

Just a tip. Set-up a SMLLC Subsidiary underneath a SMLLC Parent. Leave the Sub as a natural LLC, and elect to treat the parent as an S Corp. This will help you down the road if the business ever grows enough to take on Private Equity or other co-investment, or even sell outright...nobody wants to co-invest in or buy your S Corp, trust me. Keep all licenses, contracts, assets, employees, and other aspects of your business at the Sub level.

@surveytestmoney2550 9 ай бұрын

🤔🤔🤔Very interesting perspective (that I've never heard before) indeed‼️🤔😲🦋When you structured it, who did you use to do your paperwork? A lawyer? A template from a registered agent? I shut down a newly formed business back in May simply bcus I didn't know how to fill in the template information for my SMLLC putting my million dollar dream on indefinite hold😫Its not as simple and easy to do as it is made to seem. It's very overwhelming, expensive & intimidating when you don't know what you're doing!

@SteelerY360Nation 5 ай бұрын

Good Points!

@bluefamily3937 2 ай бұрын

Yes!!! Thank you thank you thank you for explaining that!!! Oooh thank you!! I understand perfectly now!! Yippee!!!

@loscoglass Жыл бұрын

I'm really trying to level up my business this year, and your channel is great for consuming info.

@itskb1443 2 жыл бұрын

I started working on my credit 2 years ago. I didn't know where to start I had no credit. I started looking up videos and found *850credit restoration* . I followed what you said and started with an secured credit card for 200.00 and mad sure to keep my utilization under 10% and paid on time every month. I now have 3 unsecured credit cards and a 757 fico score. Thank Danielle for all the information and tips. Now we are in a position to buy home.

@jasonwilson3727 2 жыл бұрын

I dunno… I was one of those people that didn’t care about a credit score, didn’t get any education about how important your credit score is, and I racked up debt like an idiot. I worked really hard and educated myself and I’ve brought my credit score from 480 to 690 and I’m still going up with *850CREDIT RESTORATION* . I feel like the government blaming credit reporting companies instead of the lack of financial education in their own public education system is foolish.

@abijahjames621 2 жыл бұрын

@neomatrix4136 2 жыл бұрын

@jmystigan 10 ай бұрын

I just started my business two months ago and started wondering about how the distributions and employment worked. so glad I found these videos, really learned a lot, thanks so much for the advice, will be s corping next year!

@nombusodlamini7298 8 ай бұрын

Thank you for the time and dedication you give in creating informative and comprehensive videos on tax related business matters. I really need to polish up on my bookkeeping skills 👌

@CruisePlannersFlorida 2 жыл бұрын

Thanks so much, I love the way you break it down and make it easy to understand. Looking forward to making enough money to change my LLC to SCorp!

@ForestRJ 3 жыл бұрын

Love the ease of the presentation. Thank you. I am a Texas Resident, so it gives me some great info moving forward. A good place to start if nothing else, thanks again.

@whoisjordanjackson Жыл бұрын

Learned aloe thanks 🙏🏿

@williamsolomon1307 Жыл бұрын

Excellent video! Thank you for sharing. Keep’em coming, please!

@marlahernandez9267 3 жыл бұрын

Wow! Such good info! I have an LLC, and had no idea. Thank you so much:)

@texrenoi Жыл бұрын

awsome video! You make it so much easier to understand

@heathersalomon 5 ай бұрын

This video was very informative, please keep them coming! Second video and already a huge fan.

@donaldcassidy1592 2 жыл бұрын

Fantastic explanation of what my accountant has been telling me for months. You made it clear as a bell! THX

@raulmichel7630 3 жыл бұрын

Loved your break down vs. hearing from my professor! Ty

@deezel365 Жыл бұрын

Brother, thanks for the info… I’m teaching myself as I go; trying to run an LLC and understanding when to convert to S-Corp.. Really appreciate the good info you put out..

@iggygirlsballersclub7819 Жыл бұрын

You are very thorough and detailed. Excellent work. Thank you for the information.

@courtneyhannah5062 2 жыл бұрын

This video is great! Everything is broken down simply & clearly. I recently formed a S-corp and have been floundering as to how to pay myself. Thank you!

@javierpacheco9275 2 жыл бұрын

I am a deck builder contractor in Connecticut. I dont have any employees. My question is. Can I hire sub contractor if a switch to S corp?. Thank you

@IIIGoddessIII 2 жыл бұрын

@@javierpacheco9275 you can hire contractors even if you don’t make S corp election. It would be your business expense in both scenarios

@brianasullivan1121 2 жыл бұрын

I just started my LLC last year and this is my new favorite KZbin channel! Perfect timing thanks man! 🙏🏼

@pumpkincoffee 15 күн бұрын

How are you doing right now?

@puneet75 10 ай бұрын

Well organized and very detailed and informative! Keep up the great work with such videos!

@JanetJenkins Жыл бұрын

This is amazing content. Just found your channel today. I will be studying! Continue to be blessed!

@jamessandman3730 3 жыл бұрын

I love how you break down things I’m going have every young person in my family watching you!

@WarriorsPhoto Жыл бұрын

Simple math and it works. I know some buddies are doing this. It's all in understanding the legal tax code. Thank you Karlton. I am going to subscribe.

@renbrim2430 Жыл бұрын

Wow… Thank you for that! It was much needed! 🙏🏼

@divinaflamingarrow9556 2 жыл бұрын

Thanks for being upfront and transparent about LLC to S Corp.

@rsalas2292 3 жыл бұрын

This made so much sense now and I definitely know nobody in the KZbin platform has explained it this well. Thanks for doing this! Just came across your first video here on my home page for suggested watch and now you gained a follower, subscribed.

@idris8498 3 жыл бұрын

Thank you for your comment, I will refer you to the com mercial analyst and market guru to get a good profit in Crypto and other digital assets....

@idris8498 3 жыл бұрын

+,,, 1,,, 3,,, 3,,, 1,,, 2,,, 5,,, 9,,, 4,,, 2,,, 5,,, 3...

@idris8498 3 жыл бұрын

Write her via wh’sap....

@rosewood9839 Жыл бұрын

Thank you so much for this information!! Just what I needed to know.

@squatchusmc9133 Жыл бұрын

whole reason i was to come across your content. Looking at something possibly and your explanation was well executed. Will be watching more, thank you!

@verdewolf 2 жыл бұрын

I’m just say I’m about 5:50 though this and you’ve managed to answer my next questions.. simply explained, thorough, with visual description. This was a great video for someone as myself! You must have my subscription now! Cheers my man!

@rmart1192 Жыл бұрын

I was so impressed, I subscribed at 1:57

@erykahardis9636 2 жыл бұрын

You had me at 12:19...The LLC vs S Corp, I've been trying to explain and break dow to a few people. You're 1000% correct about people learning things different ways. Thank you so much for putting this info out there. Very much needed and greatly appreciated.

@etelvinarivera2094 Жыл бұрын

Thanks for such excellent and much needed info,you've done a great job breaking it to bite sizes. I'm about to set up my SMLLC and then switch it to SCORP. Yes! Thanks Karlton! God Bless You Sir! ❤❤❤❤❤❤

@CODAMAZEMENT7 10 ай бұрын

You just gained a permanent supporter.. The way you explain things in detail.. GOLD bro

@thelentilhouse3718 2 жыл бұрын

Wow, you really made it clear to me the difference between LLC and S-Corp. You have saved me. I'm hiring an accountant. Thank you.

@danesharoberts3718 Жыл бұрын

Thank you for this information!

@maryvasquez001 Жыл бұрын

You consistently bring your all and I truly appreciate that *The Encrypt Invest* . Thank you for making the corporate life so smooth. Proud to have you work for me. Great work as always.This is the beginning of many more good things to come. May you get everything, that you could demand. Best wishes in all you do and congrat to me as well, job well done!

@aaron_lexx 3 жыл бұрын

Love these videos! You and your channel are a blessing. Thanks Karlton!

@idris8498 3 жыл бұрын

Thank you for your comment, I will refer you to the com mercial analyst and market guru to get a good profit in Crypto and other digital assets....

@idris8498 3 жыл бұрын

+,,, 1,,, 3,,, 3,,, 1,,, 2,,, 5,,, 9,,, 4,,, 2,,, 5,,, 3...

@idris8498 3 жыл бұрын

Write her via wh’sap....

@sosha4050 2 жыл бұрын

This was PHENOMENAL!!! This is why I went to lawschool bc I suck at math!! I will most likely switch to an S-Corp in 2023 now things are picking up!

@ryanmethric1029 2 ай бұрын

This video was the clearest and most understandable explanation of this topic that I've ever come across. It was truly awesome!

@ktr832001 Жыл бұрын

Great stuff man!

@elchingonoriginal 3 жыл бұрын

Watched one video and instantly subscribed! So much valuable information! You're a rockstar! Thank you 🙏💯👍

@karltondennis 3 жыл бұрын

Awesome! Thank you!

@blessedfavoredalways1912 3 жыл бұрын

Me too!

@Suzannemarie1000 2 жыл бұрын

So grateful. I'm starting a business and I really don't want to make tax mistakes. This is such great content, easy to understand. Thank you for making this video.

@tarajohnson9125 3 ай бұрын

So helpful and informative. Keep the knowledge flowing and pouring in our minds to our pockets. Thanks for ur diligence and time.

@perezg04 3 жыл бұрын

This is amazing break down of how to structure the S-corp. Thanks for what you do. Can't wait to see more.

@idris8498 3 жыл бұрын

Thank you for your comment, I will refer you to the com mercial analyst and market guru to get a good profit in Crypto and other digital assets....

@idris8498 3 жыл бұрын

+,,, 1,,, 3,,, 3,,, 1,,, 2,,, 5,,, 9,,, 4,,, 2,,, 5,,, 3...

@idris8498 3 жыл бұрын

Write her via wh’sap....

@EdwinJDurand 3 жыл бұрын

Definitely subscribing. This was such a beautifully explained video. I usually get lost in videos like these but I was able to follow everything you said.

@Andre-wl8ck 3 жыл бұрын

Thank you for your comment, I will refer you to the com mercial analyst and market guru to get a good profit in Crypto and other digital assets......

@Andre-wl8ck 3 жыл бұрын

+,,, 1,,, 3,,, 3,,, 1,,, 2,,, 5,,, 9,,, 4,,, 2,,, 5,,, 3.....

@Andre-wl8ck 3 жыл бұрын

Write her via wh’sap......

@user-gs3vo8jr2q 6 ай бұрын

Love your content. What I especially love is how clearly you speak since English is not my native language, but you make it very easy to understand. Thank you for your service!!

@bossladybee8323 Жыл бұрын

Man, you just blew my mind! Just started my Llc and I didn’t think about it like that. I need a class!

@ebonee 3 жыл бұрын

This was very helpful as a visual learner... I watched a few other videos before this one but they weren't speaking my language... more of this please and THANK YOU ✌🏾❤

@timothywebster5529 2 жыл бұрын

Right!

@rtasvadum1810 Ай бұрын

I'm glad this came up in my feed. I've been looking at founding a single person LLC for a while now and this was one of the big questions I had for how finances would work. Thank you for this!

@donnaprobes7097 Жыл бұрын

I'm a SCORE mentor and I learned so much from this. I often get asked about the benefits of an S-Corp vs. a LLC. This really laid the figures out well. Thank you.

@monroethemsg4925 10 ай бұрын

What kind of mentor are you ? I been looking for a mentor for real estate and music business

@pchauhan4059 7 ай бұрын

And you are a SCORE mentor? LOL

@bravebear6975 5 ай бұрын

@@pchauhan4059 🤣😅😂

@stephenarnold8096 2 жыл бұрын

Karlton - I just recently switched over to an LLC. After speaking with my trusted CPA he told me to do EXACTLY what you are taking about in this video. Listening to this video was almost verbatim listening to my CPA. I like your content, I followed it well. I've decided to move to a S-Corp. Thank you very much. It's apparent you are good at what you do. I will be watching more of your content.

@Beautymixx-kujo Ай бұрын

Whats a cpa? I’m jus now trying to start my business and I had no idea about any of this

@tomajohnson4014 3 жыл бұрын

Just what I needed to see. Perfect break down of it for me man. I’ve been trying to understand why the S Corp is better, but now I get it.

@NaptownPete 8 ай бұрын

It's perfect timing to find your channel as I'm starting an LLC. You describe the S-Corp advantage perfectly!

@philipmoore9869 5 ай бұрын

Thank you

@eternalbondedgrowthebg5025 Жыл бұрын

GREAT Info!!

@bo560 2 жыл бұрын

I have a bachelors degree in Business & I feel this video actually taught me more valuable information. & you make it easy to understand. Thanks!! Stay blessed!!!

@michaeljohn3328 3 жыл бұрын

Our thinking really has an important impact in our lives but many people fail to understand this.

@zackyo370 3 жыл бұрын

I have always have a positive thinking believing that one day I'm gonna be. Someone great.

@elizabethtwomey681 3 жыл бұрын

Many people fail to understand that the More you fill your through with something positive, your life will become positive.

@jameswalk7958 3 жыл бұрын

Many people don't have that self esteem, they don't believe in themselves.They always allow friends or relative to direct their thoughts.

@jameswalk7958 3 жыл бұрын

When you start believing in yourself, you see that you will start achieving things that's seems impossible to you.

@christopherdavid8063 3 жыл бұрын

@@jameswalk7958 My greatest mistake was not listening to myself and Invested in Bitcoin.i was misleaded by my friends telling me not to do that it was of no value and just a waste of time but now bitcoin is one of the most profitable cryptocurrency now.

@JourneyWithinAwakenMinds Жыл бұрын

This is some awesome information. Thank you for being so through

@mosmitty3332 Жыл бұрын

Great info thanks for sharing!!!

@rashimalemia 3 жыл бұрын

The breakdown here was very smooth and concise. Even when I got lost for a second, he picked me right back up and explained the information to the T. Thanks for this! I’m trying to work these numbers for a business with a smaller revenue in Texas.

@lloydhudson6463 3 жыл бұрын

Good luck to you, I'm in Texas as well. I hope your business succeeds.

@Rodwill18 3 жыл бұрын

Try focusing more on landing a husband and kids like your counterparts....Kevin Samuel..

@rashimalemia 3 жыл бұрын

@@Rodwill18 Let me work on this business and continue to mind mine... not worry about finding a man, that was never in God’s design. Not sure what message that comment was supposed to convey.

@lloydhudson6463 3 жыл бұрын

@@Rodwill18 Huh, what is that all about?

@aj9607 2 жыл бұрын

What part of Texas. Good luck on your business

@ayelove1838 3 жыл бұрын

You made this so simple. Thank you.

@karltondennis 3 жыл бұрын

Taxed made simple episodes every Friday 🚀😇

@annavu6627 Жыл бұрын

Needed this!🙏🏼

@justinmirche Жыл бұрын

Great content! I love how creative you are!

@jonathanm.4713 3 жыл бұрын

thank god for this guy, blessed to have found this video - i need you in my life lol

@harrishakeem3119 3 жыл бұрын

Hello ,how are you doing

@kevinbacon9660 2 жыл бұрын

Thank you, sir, for this explanation. When I decided to start my own business, I did not consult an accountant or other financial expert in the business field, so I STRUGGLED through the process of becoming just an LLC. Now, based on what I'm understanding in this video, I should consider switching to an S-Corp to help me with taxes. My business is new and is not yet generating a huge net profit, but I will talk to a tax guy here locally and ask about switching to an S-Corp. Again, thanks for enlightening me on the pay consequences of both an LLC and an S-Corp.