Here is the first video on "Should you create an LLC holding company" - kzbin.info/www/bejne/gX_CZZiAp7dpaKM
@MidwestBrotha2 жыл бұрын
If you can teach me how to use the Accural Method of Accounting n all the INs and Outs of it I will pay for your services. Like do u know what I'm saying on this n why I'm asking...
@zar19595 Жыл бұрын
Is it necessary to obtain an EIN # from the IRS for a newly formed HOLDING (UMBRELLA) Company?
@mohamoudadan3905 ай бұрын
if umbrella company is llc can its subsidiaries also be llc?
@FinancialEducationNerd6 ай бұрын
Who’s watching in 2024?
@duaneborgaes92239 күн бұрын
🙋
@poeticsoul1211Күн бұрын
🙋♀️
@joceline5622 жыл бұрын
you literally don't know how much I am grateful for this channel ... being a first gen this kind of info accelerates my journey to generational wealth !!! May the Lord bless you in everything your heart desires!!! much appreciation
@bearleers2 жыл бұрын
All this channel does is put out informative, pertinent & phenomenal content!🔥🔥🔥 No fluff, no irrelevant & most importantly, no time-wasting content. Thank You, Very Much, on behalf of all the Viewers & Subscribers!
@LYFEAccounting2 жыл бұрын
WOW! It's an honor to be able to provide this information to you. We wish we had it when we started and just doing out part to help. More 🔥 on the way!
@bearleers2 жыл бұрын
@@LYFEAccounting Can't wait, looking forward to continue learning. Also, I forgot to give your channel props for its consistency, which is the difference between good and great! Thanks, Again.
@MoneyMelJr2 жыл бұрын
FACTS!!
@seekersreality10 ай бұрын
Who's watching in 2023.
@faithapparelgroup8 ай бұрын
Me 😂
@trippwarren170 Жыл бұрын
I have yet to find an explanation of this process that is as thorough and easy to follow such as this video. Thank you for this content!
@wudnehygzaw71902 жыл бұрын
This is great! I've been looking for how to put my existing llc under a Holding co. Some guy was saying it's better to dissolve that existing llc,create a Holding co,then create an LLC under the Holding co. U made it simple bro! Keep posting these wonderful videos! U got a subscriber!
@kalel62532 ай бұрын
I LOVE THAT YOU TALKED ABOUT THE REVERSE SITUATION; HAVING A PREFORMED LLC TURNED INTO THE HOLDING LLC!!
@SeanTheDon172 жыл бұрын
These Step-by-step videos are Gold! Thank you
@LYFEAccounting2 жыл бұрын
From one Sean to another, I appreciate that haha. Thanks.
@nelsonhollins Жыл бұрын
Thank you so much for this information! I have been trying to find someone to explain how to form a holding company. Finally!! And well done!
@WellnessForMoms10 ай бұрын
Very helpful! Thank you 🙏🏾!
@AnomalyBelleza9 ай бұрын
This was amazing! Very lucid. Very informative.
@JP-wn4jn2 жыл бұрын
This is awesome! Thanks for following up w the part 2
@LYFEAccounting2 жыл бұрын
You bet! Thanks for your support :)
@Cheryl-s6gАй бұрын
Useful, informative, and helpful. Thank you😊
@Broker.oftheyear Жыл бұрын
Thank you for breaking this down!
@aliyounes64710 ай бұрын
Love this! Great content
@calbertcollins57602 жыл бұрын
Valuable information. Thanks
@IamPositiveSigourney6 ай бұрын
Amazing! THANK YOU🙏
@BOOMSTICK-PRODUCTIONS2 жыл бұрын
Thoroughly put together
@indi4223Ай бұрын
2 minutes in and exactly what I was looking for! Thank you!
@In-TensionTraining Жыл бұрын
I''ve been trying to find this information for so long. Thank you!!!
@SitioVision_films Жыл бұрын
very well explained -- other vids did not provide the finer details as you did -- thanks!!
@DangDarryl Жыл бұрын
Good look on the info you but in a way easy to grasp 💯
@deesmakinmoves3056 Жыл бұрын
Thank you for the infromation. It was very useful.
@thepashaj74252 жыл бұрын
A on time topic for me ;Thanks so much for the highlight ...Have a wonderful day !
@LYFEAccounting2 жыл бұрын
You are so welcome! Hope it blesses you
@I_of_Infinity7 ай бұрын
Thank you for this valuable, clear and concise information.
@jonathanp75042 жыл бұрын
Good info brotha, keep it up
@colbystrickland2 жыл бұрын
Appreciate you LYFE Accounting! Thank you so much for sharing your financial literacy! Continue educating, empowering and inspiring you guys!
@LYFEAccounting2 жыл бұрын
You are so welcome! & Thank you for supporting us 💯
@SantiagoGutierrez-ni8kb Жыл бұрын
This helps. I currently have 3 LLC companies right now so I need to create a holding company (umbrella company) that these three will be under.
@iamblessed5135 ай бұрын
Thank you. You explained Clearly
@Si-cq8nx2 жыл бұрын
Thank you for the information young man...👍
@dovetales32 жыл бұрын
Great info!
@Lorina_Lancaster5 ай бұрын
Thank you for sharing
@audiowithinmusic72746 ай бұрын
Great explanation!
@GiselleTrujillo Жыл бұрын
Excellent information, thank you for sharing.
@TaRodneyV Жыл бұрын
This video is sooooo clutch!!!!
@tabreannajordan15453 ай бұрын
Watching 2024! Thank you for sharing
@ch0lito2 жыл бұрын
This is a great content, awesome and very important information, thanks
@shoppopboutique26782 жыл бұрын
Thank you 🙏🏽 so much for making this video! It definitely explained things but unfortunately I don’t think it will work as the right set up for me right now!!!… So, I definitely need you guys to do a video on “DBAs”… How to set it up? Where to set it up? What are the requirements? etc…All this searching and reading and deciphering the legal mumble jumble out there gives me a true headache 🤕 but you guys break it down so clearly!!! I honestly can’t wait to see where you guys go in the future!!! But in the meantime we will just keep supplying you guys with ideas 💡 for content.
@Tuffbullets2 жыл бұрын
Good job 👏🏿
@glendineevans14672 жыл бұрын
Thank you Lyfe Accounting! You're always pouring into us.
@LYFEAccounting2 жыл бұрын
It's truly our pleasure and your support means the world.
@LYFEAccounting2 жыл бұрын
And we will continue to! Thank you for supporting 💯
@angelabarnes4062 Жыл бұрын
Thank you
@trevorsmith33802 жыл бұрын
Amazing video filming and editing. Smooth talking, nice work!
@LYFEAccounting2 жыл бұрын
Thanks a ton, Trevor!
@scriblyz Жыл бұрын
New subscriber here because this is so good and saved me hundreds ☺️
@GisellesCurls Жыл бұрын
Excellent!!!!! Needed this info for additional legal protection
@gawd45822 жыл бұрын
Thanks!!
@yahbrel2 жыл бұрын
LITERALLY THE BEST BUSINESS CHANNEL ON YT
@LYFEAccounting2 жыл бұрын
Thanks, Yahbrel! We love sharing this information!
@antonimarinez31602 жыл бұрын
great content.
@equitydirectiveunited2 жыл бұрын
We appreciate the videos!
@LYFEAccounting2 жыл бұрын
Our pleasure!
@rhyan198618 сағат бұрын
Great video
@chrispimental5895 Жыл бұрын
Thank you.
@TeniaB Жыл бұрын
Dang, I learned so much in your video, great content!
@genuinewolferton3317 Жыл бұрын
Thanks!
@al-mubdizahir87046 ай бұрын
i love your business jokes man😂 i really love your channel. extremely education and informational
@london3164Ай бұрын
Thanks so much! I was stressed out trying to call Zen Business to make changes to the name of my new LLC from the operating company's name to the holding company's name. I thought I create a bigger mess for myself when it came time to make this transition. With the business ideas ahead, a holding company would tie all of my upcoming endeavors into one umbrella. After watching your video I was able to calm down and will tackle this step during annual renewal of my LLC. Thank you kindly. I will focus on what is in front of me. Namaste~
@london3164Ай бұрын
I am seeking tax and accounting advice for this new business and will look into LYFE accounting via the web as well .
@MikeGlinski Жыл бұрын
Well presented
@goat918 Жыл бұрын
Thank you!!
@ShiverBruce5 ай бұрын
Great presentation and content ❤️🔥
@JusDaFactstv2 жыл бұрын
Thanks for this video Sean, this is the one I've been waiting for to make sure I was doing everything right. I appreciate you guys for all the great information you provide.
@LYFEAccounting2 жыл бұрын
Thank YOU for watching and supporting. Did the video clear everything up for you?
@JusDaFactstv2 жыл бұрын
@@LYFEAccounting Absolutely. My goal is to have everything wrapped up by the end of the week. Thank you again for all that you guys do. It is appreciated.
@thepharm7213 Жыл бұрын
subscribed but just a small piece of advice based on my quick experience/intro to this channel. there are some GREAT/VERY IMPORTANT questions being asked in these comments that the video missed and responses by the team are primarily to the "Great job/thank you" comments. a few responses to these questions would prevent me from going elsewhere to find the information and easily lock in a subscribe. just my two cents. thanks for the info!
@ravensmood2 жыл бұрын
Great video, sir!
@LYFEAccounting2 жыл бұрын
Thank you kindly!
@folacoool Жыл бұрын
Good stuff.
@janeehoward3422 жыл бұрын
Very helpful! I didn’t realize until last year that I was already running my businesses like this. This was just the natural way I wanted my businesses ran
@LYFEAccounting2 жыл бұрын
Fantastic!
@federigoguzzi14772 жыл бұрын
Thank you for the video! What should I put as "Principal line of business" if my LLC is a holding company?
@LacedCoco2 жыл бұрын
Excellent topic. I have been thinking of this for a couple of years now but I wasn’t expanding at the time. This information is right on time for my business now. I appreciate advanced topics. My question is how do I fix my current LLC because I have both personal income (W2) and expenses commingled with business income and expenses in my business accounts. I need to prep for asset and liability protection like yesterday 🙇🏾♀️
@gwendolynroberts20132 жыл бұрын
Love, love, love LYFE Accounting videos. Questions, how can I make my current LLC my holding company instead of starting up a new LLC?
@InnovativeSolja Жыл бұрын
Thank You Sir💯🫶
@denisesalt97292 жыл бұрын
New Subscriber. Appreciate the detailed explanation and easy to follow presentation.
@LYFEAccounting2 жыл бұрын
Thanks for subscribing, Denise! Welcome and hope our videos continue to be helpful to you. Are you a current business owner?
@magnateservices7482 жыл бұрын
Gratitude 🔥
@BILLADO Жыл бұрын
Good video!
@al-mubdizahir87044 ай бұрын
I already have a Nevada c corp. I want to turn that into a holding company.im going to watch this again to make sure I'm not missing anything
@MiketheM1K310 ай бұрын
Great informative video! Question: if I wanted to create a parent company for an existing llc, how would be the easiest way to transfer the existing llc’s assets to the new parent company?
@MrDesmondTravis Жыл бұрын
I can dig it.
@jodykaylewis37642 жыл бұрын
Guys, you are the bomb! 🙌
@LYFEAccounting2 жыл бұрын
Jody, you are too for your support! After watching, will you be setting up a holding company?
@siashabrang27152 жыл бұрын
I have no idea how to do this sort of things but thank you so much for this video as I have watched many others and none explained the steps as clearly as you have. I have a question.... would I set this up or is it better to go thru some type of website, find a financial advisor (not sure how) or a lawyer to setup? Not sure how hard it is to do this. Thank you
@al-mubdizahir87044 ай бұрын
Man i love your business jokes
@PrincessLopez Жыл бұрын
Great information! My question is there a way to amend an operating company to become the umbrella company? I have an LLC that would be better suited as the umbrella with subsidiary companies under it.
@prosper29852 жыл бұрын
Hello, man this was so great and simple I admire the presentation content; excellent!!! I do have a question I have 2 existing LLCs and another new one so thats #1, 2 and 3. I want to make an umbrella company from one of my existing LLCs. So from what I understand I will have to register my 3rd LLC new with a new EIN# and then connect all 3 together by filing an amendment and make #1 LLC the umberella and sister and brother for the other 2 as subsidiaries??
@flyspacestx62402 жыл бұрын
Awesome
@kimlaffont9951 Жыл бұрын
Hi, I loved your video. I have a question about the EIN number. Do I just get one for the holding company or do I need one for each of the LLC under it? Thanks so much.
@UmbreezyProductions Жыл бұрын
Would you advise that each subsidiary have its own payment processing account (stripe, square) so that the performance of each can be individually analyzed?
@ExpatLifestyleInternational Жыл бұрын
What NAICS should be used for the holding company? Also, can you change your NAICS and the bylaws of a previously established LLC?
@anthonythompson59332 жыл бұрын
I think you're giving out some awesome information I followed the steps you posted I'm now trying to open a account for the holding company and they are trying to make me register it as a foreign entity I'm not trying to do that help me
@ABLFM Жыл бұрын
get this man a ted talk!
@thespablueprint Жыл бұрын
Thanks! If you already have a LLC and you make the parent company today, can you put your existing LLC under the Parent company? If that makes sense
@gtajeu Жыл бұрын
Thank you for the advice. Can I do the opposite? I already have an LLC that’s built up business credit and finished a new build construction project in its name. Can I convert this into a holding company and then create subsidiaries below that? Or what would you think could be a viable strategy? Thank you!
@Mydreamsfulfilled2 жыл бұрын
Awesome video!!! I have a question: if you already have an LLC but you want it to now operate as a holding company, what should be the steps to do that?
@bosscertifiedent2 жыл бұрын
You have to amend it, as with any other changes to the company (state)- you'll have to amend the operating agreement to reflect that also.
@boredGPT2 жыл бұрын
Is there a difference between a LLC owning other LLC's and a LLC holding company? And do you have to have a board of directors to manage the LLC holding company?
@tommyharden1925 Жыл бұрын
Can you make a video on HOW TO Create that operating agreement with the clauses that NEEDs to be in Holding company
@martinforde86052 жыл бұрын
🔥people never explain this in 7 min🤙
@LYFEAccounting2 жыл бұрын
Thanks a ton Martin. It's good to hear we are on the right track. Will you be setting up a holding company for yourself?
@r00ben Жыл бұрын
I want to hear what you're saying but all I can think is "which direction is that leaf spinning" 😂😂 My eyes are playing tricks on me bro, every time I glance away and back it's appears to be spinning the opposite direction.
@tomivee9045 ай бұрын
Still 🔥 in 2024!!!!
@georgiahill2654 Жыл бұрын
I want to setup a holding company with multiple apartment buildings each having their own LLC. I'm planning to start building in 2023. GH
@dancephreakz2 жыл бұрын
What if you have a current LLC now that has many different streams of income but under the same brand? Can I make this current LLC the holding company and create LLC and move those operations underneath it?
@charliedigitalbanks Жыл бұрын
🔥🔥🔥🚀
@enekneya73789 ай бұрын
This was SO helpful!
@fredfoster3345 Жыл бұрын
Great information sir I have a question I have a corporation that has multiple subsidiaries companies in them can I start my family foundation in this corporation which will be a non profit also can I set up my will and estate in this corporation as well
@Shka_maru2 жыл бұрын
These "bylaws" you create...is there a template for that? Or can they be drafted in any way? Do they have to be submitted with the Articles of Organization when establishing your LLC?
@stanmoney8470 Жыл бұрын
Is this a good idea to do for real estate if you have 4-5 properties? What if I have properties in state and out of state ,or plan too?
@cgcep2 жыл бұрын
Do you have to form another LLC for the subsidiaries or can you just do a dba? Great content 🔥
@tomasgonzalez4819 Жыл бұрын
No. A DBA offers no legal protection.
@Kara.8310 ай бұрын
Neither does a single member LLC
@tomasgonzalez481910 ай бұрын
@Princess_K2023 Depending on the jurisdiction (i.e., state), a multi-member LLC offers greater protections than a single member. Nevertheless, a single member LLC absolutely offers legal protection regardless of the state... ESPECIALLY, when compared to a sole proprietorship or just a DBA and nothing else.