Should You Create an LLC Holding Company?

[@LYFEAccounting]

Here is the video on how to set up an LLC holding company, step-by-step: kzbin.info/www/bejne/eJXCYmR_aauMlbc

[@RavNivara]

I do not have a Holding LLC YET but, I will have one soon. Thank you for the 411. Much appreciated!

[@jayu342]

How can I get in contact with you guys ?

[@courtneyantonio1608]

I had to pay $25k to learn this information. But we have a family trust that owns the holding company for complete anonymity. We also have a subsidiary LLC that hold all of our family vehicles, one for our family home, and separate ones for our fix and flips, rentals, and notes. This was our first year running K-1s and taking bonus depreciation for 0 tax. Throw in a whole life policy and a CTR doing affordable housing and we will never pay tax again. You know your stuff, keep at it.

[@abundantlandinvesting1930]

Thank you for the wealth of knowledge in your comment!

[@kesodabul]

Worth the screenshot lol

[@benbucket127]

@@kesodabul no cap

[@darrius751]

I screenshot your post brother

[@darrius751]

I screenshot your post brother

[@richardstrickland]

Basically want to establish each llc. Build a great team move forward to the next. In the end have several LLcs profitable on their own merit but have a holding LLC primarily myself to determine, evaluate, oversee business progress from distance, adjust management or systems

[@WADYNASTY77]

I’d also like to see a video of you breaking down how to create a holding company. I’d also like to know how would the management work if it’s one person operating multiple subsidiaries by themselves?

[@TMMcKinley]

I work with clients who have Holding Companies. This content is CRUCIAL!!! Please keep educating, it is very much appreciated!😁🥰

[@Barry_Sampson]

Man I truly appreciate this video, I'm a young entrepreneur looking forward to register my holding company, not to be drunk with its advantages, the fall backs are truly important like the extreme organisation you mentioned, I need to rewatch this video atlases once every 6months

[@tezt3740]

Thanks....love the new generation of people who are helping others....and the people talking about it are mostly are...

[@LYFEAccounting]

Of course. Thanks for supporting the channel.

[@angelamarciano]

I’m currently a sole proprietor, but think of moving to llc. Also realizing i want to split the two arms of mybusiness. I dont have much knowledge of business. Thank you for keeping it clear and simple!!

[@villanuevaruth21]

I want to thank you for specifying the LLC means. I have LLC but dont know what is it all about, I just thought of an opening a businees and that it. God Bless. more power.

[@Choosingciara]

Good card - I was also approved. Very simple process they don't check your credit nor do you have to PG. A day after applying the gentleman called and finished setting up my profile for $3K.

[@elijahisaiahx920]

Yes, we have a holding ompany in WI and acquiring diferrent companies in the Construction sector. So this video is a JEWEL!

[@GojiCenter]

Wondering what are the tax benefits of having a holding company. Especially when it comes to owning real estate. Would the real estate "depreciation" also be deductible to the overall revenue of the holding company? Forgive my ignorance but my brain is just flowing with ideas but idk if they are true. Great video! I already watched the follow up video for this too.

[@jonathanp7504]

Boutta binge your channel for the night, appreciate the info brotha

[@denisetaylor8279]

This has been by far the best explanation of a holding company video. Thank you

[@LYFEAccounting]

Thank you so much Denise, this made my day. I hope you are subscribed for more :-)

[@denisetaylor8279]

I've subscribed...

[@connor15842]

I started a holding company about 2 months ago. I’m 20 years old. Currently forming the first subsidiary and working on partnering a second subsidiary. I jumped in head first to this and learned quite a bit but there is still more to learn. Would you’re channel be able to create a guide specifically on the quarterly and annual tax requirements and how it would work for holding companies and it’s subsidiaries that may be partnerships? This would answer many tax questions that other people without holding companies would love to hear.

[@LYFEAccounting]

Hey Connor, you are on it. Congrats on everything. Just curious, what do your businesses do? I believe we have a video already on quarterly taxes, try searching "quarterly taxes lyfe accounting"

[@connor15842]

@@LYFEAccounting The first subsidiary is a "rage room" as it is commonly referred to as. I want to expand into marketing, real estate, and partnerships where I help other small business get started. I ponder many questions as I do my research but this channel has helped me answer quite a few of those questions but it seems like for every 1 question I get answered, 2 more pop up and I can never catch up.

[@WuduYigzaw]

@@connor15842 Haha,you're absolutely right. Me too. I always get questions in my head, never answers right away. Takes a lot of time & effort.

[@garrettpatten6312]

im kind if afraid to google rage room lol

[@TheWhiskeyandKicksShow]

Very helpful video. I am reassessing and reestablishing my infrastructure as I have multiple LLCs being created. I needed this video!

[@JC-yl5qh]

2:00 *PLEASE CLARIFY SOMETHING!!!!* The way it was explained to me is that the holding company just holds assets. *For Example* Joe's Plumbing PLLC forms Joe's Holdings LLC and then sells them every building, vehicle, every tool, every piece of office equipment and then LEASES these things back to Joe's Plumbing PLLC

[@JusdoinstuF]

this is a great channel

[@LYFEAccounting]

This is a great comment 💯

[@WPowel003]

Your video's are golden....perfect and not overly complicated.

[@EasyBakersLLC]

Yes, I do

[@curtismccoyiii6820]

Thanks for sharing!!!! Was very informative. If you could make or have a video about converting an existing LLC to the umbrella/holding company, I would love to see that!!!!

[@eileennovak1656]

I wish I needed this information today. LOVE this channel.

[@LYFEAccounting]

The fact that you are watching this now means you are setting up for future success. I see all the time when people don't plan enough and find themselves missing out on alot of great strategies

[@darindotcc]

Got my Holding Company set up and preparing to start my WEB !!!

[@JusDaFactstv]

We need that how to make an LLC Holding company video. ASAP. I need to get the ball rolling. I really appreciate you guys.

[@LYFEAccounting]

So glad to hear you are looking forward to it. Its in queue, hope to release it next week!

[@vegasstrongsanchez7105]

Wow I'm not wasting my money on stacks after watching this video. Thanks bro

[@b.a.z.familynetwork5537]

Yes I own an LLC & yes you should continue to make these videos

[@jalabi99]

7:31 This is not correct. *Lowe's Companies, Inc.* aka Lowe's (the hardware store company, publicly traded on the New York Stock Exchange under the ticker symbol LOW) is not the same company as *Loews Corporation* (publicly traded on the New York Stock Exchange under the ticker symbol L) that owns the chain of hotels (Loews Hotels) and that owns Diamond Offshore Drilling. Diamond Offshore Drilling does not operate or own any diamond mines, despite having the word "diamond" in their name; it's an oilfield services company.

[@knicw713]

Ya'll are A-mazing. I just binged watched about an hour of videos. Everyone needs this info. I am CPA in private practice. The way you present theze jewelzz of info is just enough but not too much. I'm learning things I'd forgotten. Thank you for these refreshers!! If ever an opportunity to collaborate presents itself, I would love to do so.

[@LYFEAccounting]

Hey, thanks so much for the kind words. We actually may have an opportunity coming up. Can you visit our site and send us an email?

[@knicw713]

@@LYFEAccounting sure can!

[@itsbuffy0205]

I'm only here bc I love his voice and the way he speaks.

[@LYFEAccounting]

Thanks for supporting Buffy.

[@marquetaharris6949]

Please continue to make these videos. I have been held back far too long because of gatekeepers.

[@leeherold4584]

I own a LLC and this channel is great.

[@LYFEAccounting]

Thanks Lee!

[@ronnymorris7077]

Keep up the good work man

[@Seeking_success2]

If you setup some of your LLC's as disregarded entities then you don't have to file a tax return. I have a management company that manages my holding company. Great video thanks.

[@musawenkosimakhoba9028]

Brother. What's the difference between the holding company vs a holding trust and which is a better choice when wanting to seperate yourself as a person from the everyday operations but just be a big decision maker like in a board situation?

[@rashadshabazz1903]

great information...i just started the SHABAZZ L.A.B.S. LLL as a holding company in Florida and I learned a lot today...

[@EdwardPokaia-i1o]

Yes please make a video breaking down how to create a holding company ..appreciate your awesome information 👏

[@getpaidtoday9105]

I’m excited!!!! 🎉🎉🎉❤❤❤🔥🔥🔥🔥🔥🔥🔥🔥 forming a holding company right now! Thank you 🙏 for this information

[@al-mubdizahir8704]

ive had my corporation at least two years. i just made that into a holding company and formed an LLC

[@tarawalker7193]

My LLC is essentially a holding company, though I don't have "holdings" in my name. This information is wonderful - thank you!

[@robertrunnels5905]

Yes I have an LLC from Utah

[@rollwithmrsjones]

Yes I have multiple LLC's & been thinking about creating a building company however, not sure where to start

[@LYFEAccounting]

We got you, we're going to go deeper on this topic since people are enjoying it

[@WILLIAMALLENAYL-SUCCESS]

Not only do you present fantastic tax information, but you also teach the proper structure for a company to see success! Please forward your pricing for the organization, tax services and properly setting up our companies?

[@msmarsha1011]

What are your thoughts on placing a holding company into a trust? So in essence the pyramid would be Trust>Holding Company>LLCs/Corporations. Additionally can a nonprofit organization be included under a holding company?

[@milkdiamond1490]

I have the exact same question. I have multiple business entities, and a 4th I'm debating whether to make a non-profit

[@jacstradesautoservices2582]

@@milkdiamond1490 would like to pick your brain

[@KRN000]

TATA TRUST> TATA SONS>Subsidiaries

[@keyquestions]

This is an amazing video and channel

[@getfuqed8590]

Your videos are the best on KZbin on the topic thank you so much.

[@LYFEAccounting]

I really appreciate that! Just curious, how many of our videos do you think you’ve watched?

[@Pernell2222]

Great video!

[@Moscato.Mommie]

Damn this was right in time! Great information as always!

[@-justforyoutube]

Downloaded this one!!! Beautiful blueprint!!!

[@CaptainCovaOfficial]

A video on creating an LLC holding company would be awesome 👏

[@LYFEAccounting]

Coming soon!

[@breew2968]

Thanks for explaining this! Would definitely like more info on how to create an LLC holding company

[@LYFEAccounting]

Noted! Thanks for sharing :)

[@collectablegold7]

Yes make more on holding and LLCs. Great job. I subscribed.

[@LYFEAccounting]

Should be up next week! Thanks for supporting the channel.

[@JoWabbie]

can you convert an existing LLC thats generating revenue as an umbrella company?

[@hawley2685]

Great video! I would truly appreciate you making a video on how to create an LLV holding company. Also, should you create a holding company before, after, or at the same time as a subsidiary? Thanks!

[@ChrisDiggins]

Yes please keep making videos. I am learning a lot from you.

[@adellhartway5242]

By far the best video I've seen thus far! Can you make a video of what types of accounts that should be opened for holding companies?

[@magnateservices748]

Gratitude 🔥

[@qslim7247]

Wow this is Informative for my business

[@TheAdventuresOfHayesAuto]

I have an LLC and I'm in the process of creating another to be our trust. I hope I'm doing it right! I guess I'll find out!

[@luciemosley8117]

Hi. Yes, I have a LLC. Great info. THANKS!

[@commasNculture]

If you have a LLC is there addition steps to take to consider it a holding company or. do u simply file a DBA for a new business you would like to register under your LLC

[@richardherron7751]

Enjoyed your video and I would like to see you put together video on how to create a holding company and/or if one has an existing holding company ho to solidify it. Much appreciated.

[@richardstrickland]

Great content. In the process of starting several LLCs, which are directed at residential/commercial properties. Exterior cleaning services, seal coating & drive way sealing, paving, etc. Have been thinking of another serperate LLC to do manage and consolidate the other LLCs. keeping any and all assets and liabilities seperate.

[@phenomenaljone]

can we have an update

[@marcoseve]

Great content !! Bring more !! Please !!!

[@LYFEAccounting]

More on the way! Thanks for supporting.

[@karyjimenez2472]

very good explanation thank you

[@jaysonwickenkamp7777]

fantastic video, covers so many early questions...thank you!

[@kalel6253]

KEEP CREATING PLEASE!!

[@vejuzchill]

This is great info. Keep going.

[@PCMONEYNOW]

Business trust are great and better protection with out all the fees of llc and corporations.

[@chrislivingston9494]

Yep! I have an LLC

[@vivianae.75]

Hi, if an asset (let's say a vehicle or equipment) is purchased through the holding company, how can said asset be used for business by its subsidiary companies. Does it need to be rented out to the subsidiary? Can more than one of its subsidiary companies use that asset? How does that work?

[@DeonServices]

I like how yall be putting it fr

[@m.mickeypayne9811]

Very informative video, please continue to make these types of videos.

[@LYFEAccounting]

More to come!

[@SurrealEtc]

Needed this video bro. Love what yall are doing

[@bebin73]

I have an s-Corp for one business and 2 Llc’s for my property co so far. I’m in Indiana and we are allowed master / umbrella Llc’s so I will most likely take advantage of that this year or early 2021. I’m looking at 3 property deals right now so it depends on how that goes. I just formed the second llc to own whichever property I end up with. One would be one property with 7 doors (4 residential and 3 commercial) and the other would be 36 condos with 72 doors (27 units would have to be developed).

[@benjaminchen1131]

Very good subject👍！ I have two questions: First question: I am going to efile a new LLC in Florida as sub LLC. Where can I put holding LLC info into the form of Sub LLC? So when other people try to dig in Florida Sub LLC, they will find that I just an registered Agent and the sub LLC is hold by other LLC. Second Question: If I have the existing LLC, how can I put the holding LLC into the article of the Organization of that existing LLC? thank you!

[@milleyrock_approved]

Is it best to create a subsidiary company before the holding company?

[@Neiceyspeakshermind]

Thank you for this video very helpful

[@goldbabycarti3615]

Please keep these vids coming I’m super interested!!!!

[@patcrowder608]

Very helpful information.

[@LYFEAccounting]

Glad you liked it

[@TyquanMorris]

Yes I have a llc holding company.

[@MtZionMediaPro]

Awesome video! Question!! If I already have an LLC that provides a service, could I make a subsidiary under my current LLC even if we provide services?

[@3yeVibez]

This is what I am wondering.

[@karyjimenez2472]

since the holding is not involved in day to day operation although the holding can apply for business credit or line of credit. is that make sense? I am confused. Thank you

[@jkslawson10]

Yes please continue with these type of advanced videos

[@LYFEAccounting]

Will do, Sophia.

[@kerrybaird739]

Excellent video! We are restructuring and using the holding company with child LLC’s for real estate. Thanks for teaching me how to use it.

[@aliyounes647]

Great videos man

[@deusvult6920]

I dont currently have an LLC but I'm going to in the near future I'm just working on some designs for my product

[@aquichocho]

Great job and great content! You explained that well! Yes, please make more videos like this. Please create a video(s) on how to properly create a holding company and operating company. Can you also create a video on how to fund the holding company and the operating company? Can you also create a video on how to apply for bank funding for the holding company? Can you also create a video on tax strategies for them both? Thank you for creating this video!

[@LYFEAccounting]

Thanks for sharing your thoughts and ideas, will definitely note these and consider making more.

[@connor15842]

Videos that answer these questions would be very informative and helpful.

[@garydufault3142]

Awesome content thanks!!

[@qslim7247]

Yes i have an lic just don’t know how to tie the holding company to the sub llc

[@effebey7538]

Greetings, I founded an LLC and another entity. 2022 is build the C-Corp company and the LLC is the asset holder..

[@h0o0dat]

I have a LLC and appreciate the info in how to set up a holding company

[@colbybrown3968]

I have a series LLC with other LLCs apart of it. I believe this is similar to what you’re talking about.

[@SierraScout2]

I would like to see a video on how to create a holding LLC. Great video.

[@LYFEAccounting]

Hey Sierra, that video is actually out on the channel now :) Look for "How to Setup a Holding LLC Company in 2021 [Step-by-Step]"

[@allurebeautydecor7937]

Yes, please create a video on how to form a holding company LLC

[@LYFEAccounting]

The video is scheduled for Wednesday. Don't miss it :)

[@marygreen4376]

dont have have an llc but am tax consultant for a few. holding cpmpany topic came up.

[@valdanowill]

EXCELLENT

[@mckenzieinc9346]

This was fire thanks Boss

[@Beautishka1]

great video... do one benefit bout a trust owning on on top the holding company

[@ronready66]

So if I’m starting the holding company what should I put down when they ask what the primary business is going to be. I cannot find that answer anywhere, well at least they want that in New York.

[@nathanreyes1799]

Hi! Great video! Well explained! I have a question…. How do you open an umbrella LLC under a Trust?