The Truth Behind Business Banking - LLC Bank Accounts

[@SephoraTindal]

Mark is like my rich dad ! Hope to shake his hand in near future much respect 🙏

[@mdxcrypto.8415]

📤📤📤

[@foodlab75]

inspired by your videos that I am the customer .... I called my big name bank the other day and said please waive my HSA monthly fee ($2.50/month!!) and refund what you already charged me...... and.... they said, well, ok we will! So thank you Mark for helping me get back $12 bucks and future fees they won't charge me now! Banks suck!

[@tonycastellano5756]

i re watch your videos atleast 3/4x and still cant stop re watching all this beautiful info! thanks MJK Fam !!

[@therealbobshoaf]

You mentioned Credit Unions were not Your most favorite banking institutions. May I ask why? Thank You. Looking forward to talking to Your lawyers soon.

[@jrgazoo4903]

I sense that you really want to help people to do this

[@MadamT_]

This video was so helpful and I’ll be looking into your website. Thank you so much!!

[@Je.rone_]

*Thanks for the vid, business banks suck from my experience*

[@bichdueinerson8621]

You are the best! Thank you for the great video I like to learn from you 👍👍👍👍

[@jdiz969]

This is Orsum! Im in Australia and trying to do this sort of stuff here

[@blakebondurant7663]

You're a Rockstar man !

[@CorrineAtlas]

Love it! Much appreciated🚀🚀

[@thuthukanimabaso2748]

Lol you so funny man...Educational too. I love it😂😋🤯

[@andrewsaruna8657]

Mark, I never cease to learn from the trifecta. Thank you

[@TheRealCelebrityDoctor]

I love you Mark! You are awesome.

[@pablocravacuore]

Do what Mark says and you can get his tan 😊

[@ritasjourney]

Naw, it's his heritage

[@corey2487]

His tan is because I make him tan 🤘🏽

[@HispanicMentorshipATL]

Lol

[@joeld7398]

This channel is amazinggggggg

[@kcunningham979]

The Shack is Back!

[@ArthurPham]

Mark, how do I create a Trust?

[@inhalemore711]

Any tips for a hemp business owner? Banks are annoying for us

[@bradglivejams]

BB&T baby!

[@Coast_to_Coast]

@Mark- do you keep your personal and business accounts at the same bank?

[@FaithHopeLove77]

Mark love the information. Are you guys going to up your BBB Rating?

[@Tanyatnt]

Bank of America will charge $16 monthly for a business account unless you keep $5000!!

[@tokenizegames]

if you could make one for the uk would be super cool!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@LAKitchen]

will you share what bank closed the loan so we can reach out?

[@huhockey]

How does a Roth IRA own an LLC? I have an LLC for my side e-commerce business. And I have a Roth IRA. How do I give the Roth ownership of the existing LLC?

[@GulfCoastGrit]

The Roth IRA has to be self directed, meaning you decide how the money is invested. Then you can begin using the funds from that account to start or invest in an LLC.

[@huhockey]

@@GulfCoastGrit thanks Derek, great info

[@pinnacleroofing9841]

What state are you in where you can buy a duplex for 200K? I live in Denver and I cant buy the sidewalk for that

[@pacoraban1009]

Hi Mark I been having this question for a long time. I own a property on my name for 5 years. I am consern about my info showing on every public record and considering get this private in some way This is my primary property and I know when I already to sell it I will get gain capital exception for 250K of gain capital. If I make a move to A trust or LLC there is any way to keep the benefit of the Gain capital exception ? Thanks 😊

[@gigid9606]

you guys are crazy.... "radio shack: where are you from the 80s?" ... lol

[@FedUpFreemason]

What NAICS number did you use for your holding company? I was denied because I used the wrong NAICS

[@gecko2000405]

Can you have a RLT if you retire overseas?

[@nickmartyn8916]

What city your kids bought duplex for under 200k? Please share

[@IsaiahWG24]

This is 🔥

[@Amazing_holly_pe0ples_0ne]

WoW cool 😎 thx for the great content 🇺🇦

[@omerboysand.c.8666]

I live in California, do you know anybody that can set this up for me? I am seeing it should cost around $400 or so? I know people that have paid $1,500 for simple stuff, seems like there is some gouging in this market.

[@hendricks707]

Did you have any luck getting your stuff set up? I'm looking currently

[@CodellMusic]

I contacted you're firm last week about helping me set up my crypto business, I'm looking forward to working with you and the whole team.

[@jprjr4771]

MARK!! is Titan Bank crypto friendly? Trying to get a business account for my Crypto Staking, Single Member LLC. Been denied by 4 or 5 banks so far. They Won't play nice with crypto. Suggestions please. Also was interested in your tax services. Nobody ever called me back? Thanks.

[@cmdv42]

💯💯💯

[@andrewmason2382]

Radio Shack 🤣🤣🤣

[@dtsai]

No wonder!!!!

[@monahlive]

This is a repeat from like two years ago

[@dasfahrer8187]

If I am planning on setting up a series LLC that I use for REI rentals, do I need a bank account for each series LLC or just the master? If one account for each series, how does filing work at tax time?

[@zonk1477]

The series LLC will be used as a holding companies for each separate property. Since they are holding companies you don't want an EIN or bank account. The Master LLC is the company that you will get an EIN and back accounts with. I think you would have the master LLC open up a bank account for each separate property. I am not sure if one bank account is allowed as comingled funds could cause all properties to be exposed if anyone one was sued. You need to keep them separate I think so only the property being sued is at risk and not all other properties as well. I am not sure on that bank account part though. The tax return is easy. All the income and expenses go under the one Master LLC on your schedule C. The net income of the schedule C is brought over to your 1040 tax return.

[@dasfahrer8187]

@@zonk1477 Most of that is what I was thinking as well, but I'm confused on one of the things you said. How does the master LLC open up a bank account for each series LLC if they don't have their own individual EIN?

[@zonk1477]

@@dasfahrer8187 You are actually just opening up multiple bank accounts with the master LLC and EIN. So there are no separate entities owning them only that one entity owns all the accounts. Each properties income goes into a different account. I have not set it up myself. But that's what most tax attorneys were recommendingly that I talked to. I have no idea how this would work and practice though. Like which account do you pay expenses out of. Can you then funnel the income from all the accounts into one master account then. I'm not really sure because most people give you like an overview so you know what the strategy is. But they don't go in detail to where you can execute it on your own. You're pretty much going to have to work with someone to set it all up and hire someone.

[@dasfahrer8187]

@@zonk1477 Devil is always in the details. I'll keep digging, thanks bud.

[@ThatGuyFromThatThing360]

Lol the bankers heads going to spin around and explode

[@mdxcrypto.8415]

📤📤📤

[@CR-uf5tj]

Business Bankers are NOT service providers. They are CLERKS! 😂 The banking industry is falling since 2008

[@rockymntdan1]

Wouldn't trust this guy any further than I can piss. No replies to anyone in the comments. And he sells "tickets" to his "event". If it walks and quacks like a duck, must be a duck.

[@tambahako628]

Grow up 😂