The Best Way to PROTECT Your Assets! | LLC Holding Company for Real Estate

[@karltondennis]

Subscribe to the channel for more high-quality tax insights from a licensed tax professional. Help us reach 1 million subscribers!!

[@IncrediPaul]

Bro, your content has been so helpful over the last few years. Thanks for all you do!

[@floydchusset3143]

Great recommendations. I'm looking to start investing in the stock market and other asset classes with $60k this quarter. Should I focus on index funds or individual stocks? Preferably want the route with the best return in investment. Thanks!

[@ashwinaditi1039]

Index funds are a safer bet to start. They offer good diversification. But individual stocks could make you a fortune if you know how to go about it. Some people make upper six figures yearly from investing alone. But it's always a good idea to work with a financial advisor. It raises your chance of profit by a lot.

[@ryanthompson8256]

I agree with that. I netted more than 300k in 2020 by using a financial advisor, despite COVID and the elections. It was like discovering a life hack.

[@floydchusset3143]

Wow, that's interesting . I've recently been exploring the option of working with an FA too. Any chance you could recommend who you work with?

[@ryanthompson8256]

Laura Grace Abels is the licensed advisor I have been using. Just search the name. You’d find necessary details to work with to set up an appointment.

[@JasonDinero]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@RiosCosma]

Excellent video but Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[@diegocorrea1491]

You're correct!! I make a lot of money without relying on the government, Investing in stocks and digital currencies is beneficial at this moment.

[@TonyRodriguez-Trod312]

Thank you Karlton!! Awesome job, I love the way educate us on such an important subject

[@TonyRodriguez-Trod312]

Awesome!!! Thank Karlton, You put it so nice and elegant

[@adoseofmswalkershome]

Gotta love this guys content! Just knowledgeable! ❤

[@chaparroherrera1]

We need this channel in spanish, there are so many people Interested for this kind of information👌

[@realestated1561]

Karlton always dropping gems ✊🏼

[@therealjoserodriguez]

Great video brother, I’m an investor myself in multifamily Real Estate and after 6 years of building up my portfolio I’m starting to be more strategic with how I set up my entities as well as overall acquisition and exit strategies. Thanks for the video and would love to know more about your camera set up as I’m looking to ramp up my content in the near future

[@theplug]

I was literally just thinking about if i should implement this structure. I'm thinking about whats the best strategy for a service based business that's an S Corp though. These algorithms are INSANE. They are LITERALLY reading minds now.

[@jimmiesmith932]

This information is valuable

[@JYD-mssgsoffice]

Thanks so much for this video. Extremely informational, per usual. When is the Parent company video coming out? :)

[@GarrettBier-b5o]

do i need a holding company with a subsidiary llc under it in order to do a Real Estate House flip? Or should i just form 1 LLC and buy the house through it and just do that since im not keeping it as a rental?

[@ThePeoplesHero1]

Should each subsidiary have their own ein?

[@sooma-ai]

The video discusses using LLC holding companies for real estate investments to protect assets and optimize tax benefits. It covers why holding companies are needed, how to use them, when to transition to S-corps, how many to set up, and the benefits of parent companies.

[@stanmoney8470]

Am i using my hokding company wrong? I let my tenants pay my property manager, then she pays my subsidiary LLC. I pay my holding company when i do an owner distribution. From my holding company i do an owners distribution to pay myself.

[@ShaneBurckle]

If you transfer a prop from own name to an LLC, does this trigger a prop tax reassessment? I have a property in CA.

[@REBELKOKOU]

What about series llc

[@imjuangcruz9038]

Do you suggest having a holding company vs a standard single member LLC when buying & flipping vs short & long-term rentals?

[@adoseofmswalkershome]

Hi Carlton if I already have an existing company but I now realize it wasn’t register properly. Can I now open a new llc with a registered agent and have it be my holding company for the existing company?

[@TheodoreFratto]

Thanks for sharing such valuable information! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

[@dylanibarra864]

Rental income is considered passive and therefore not subject to FICA tax. However, if you are a Real Estate Professional then your rental income and services are considered active. Does this mean your rental income and real estate services are subject to FICA if you qualify as real estate professional status?

[@TheFloorandWallGuysCompany]

Can a holding company that's an LLC hold a company that is an s-corp

[@C_Squared]

What if you have an LLC but you want to have a holding company as a DBA?

[@MDP4804]

I would like to book a consult; however, the link in the description gives a 404 error. Please advise

[@THEtaxstrategists]

You should be grateful! Find a qualified CPA and atty! Do not get legal advice frim IG or an Enrolled Agent

[@JTEnoch]

What about transferring it into a C-Corp?

[@MrMetsfan0813]

Is a holding company for real estate only? I'm planning on launching apps through my LLC, is this applicable here?

[@stevenbingham3061]

I'm not Karlton Dennis, so take that into account when assessing my opinion. No, a holding company is not for real estate only. Actually, the main distinction of a holding company is to own other companies or assets. A holding company does not do business directly with the general public, rather a holding company owns other companies and it is those other companies that do business with the general public. These companies are referred to as Operating Companies. Holding companies can do business with the operating companies that they own and holding companies have certain financial and legal benefits that operating companies don't. For example, a holding company can own cars, but then lease their cars to one of its operating companies that will rent those cars to the public. If the operating company gets sued, they can't lose their cars because they don't own the cars, the holding company owns the cars. Finally, a holding company and a parent company are similar in that they both own other companies. However, the distinction is that a parent company usually can do business directly with the general public whereas the holding company does not. I hope you find my feedback helpful.

[@MrMetsfan0813]

@@stevenbingham3061 Thank you for this, friend!

[@THEtaxstrategists]

First - Enrolled Agents are suppose to know tax law. Karlton, instead of providing "legal advice", pay attention and read the Code and Regs! - here you go (tell me where I am wrong KD!) ....(1) @minute 4:21 re SE Tax : CCA 202151005 states that if there are "services for the occupants [renters] convenience..." the STR IS indeed subject to SE Tax. (2) @min 5:08 - transfers of real property (or any property) "into" an S Corp is NOT taxable. Section 351 makes it tax free. You are correct about distributions "out" of the S Corp (subject to 311(b) gain) and there are many reasons NOT to hold r/e in an S Corp (3) @ min 3:56 - upon death, the heirs get a step up in basis in S Corp stock and if they liquidate in the year that they distribute the property, the 311(b) gain will be sheltered with the loss on liquidation of the S Corp (4) @min 8:03 "multiple LLC returns need to be filed - YOU know this. SMLLCs are Disregarded entities and therefore have NO filings (unless elected to be an S Corp). Consequently, you can own 100+SMLLCs and they are reported potentially as ONE on Sch C or E. Care to reply Karlton?

[@mrmarketprenuer1086]

Perhaps you should stop trolling and get your own platform.

[@THEtaxstrategists]

@@mrmarketprenuer1086 I have ZERO interest in building a tax practice online. I am a very successful tax professional and am concerned that shotty tax advice online is going to get people in trouble. I see no one, including KD, has challenged my technical tax points that I thoughtfully pointed out above. Am I wrong KD?

[@tkisok4883]

I don't think he is trolling rather protecting others from falling for Karlton's loose interpretation of laws and regulations which inbother videos are borderline fraudulent. His videos have been routinely debunked by tax attorneys which he never responds to or explains. We are online so take everything tou learn with a grain of salt.

[@THEtaxstrategists]

@@tkisok4883 Thank you. YES, I have NO agenda nor am I trying to gain followers or build a practice. I am just irritated that a so called "tax professional" often misleads or promotes very risky and/or borderline fraudulent tax positions that naive people may follow. IMO, there are going to be a lot of people who will have negative audit outcomes in a few years. Viewers also do not understand the IRS typically audits two years AFTER filing which is three years after the year in question.

[@THEtaxstrategists]

@Karltondennis - you have not replied to the technical merits of my comments below. If I am wrong (which I have been over my career), please tell me and others where I am wrong. Otherwise, your silence speaks volumes.

[@DarkSchneider7]

im waiting for your video how to get free money from cashing bad checks - There are several reasons why subscriber counts and viewer counts don't consistently match, stop being lazy and do DD Show drafts

[@THEtaxstrategists]

What qualifies you to suggest that "your firm is okay with up to $2m of equity/value" in an LLC? Are you and Enrolled Agent? I thought so. Not sure why you are "advising clients" on this.

[@reginaldgarrett484]

Why are you questioning what an entrepreneur independent of you is comfortable with? Are you not as affluent or just covetous?

[@THEtaxstrategists]

@@reginaldgarrett484 Much more "affluent" btw. Enrolled Agents are NOT Lawyers. Only Lawyers should be providing legal advice - btw, I am NOT a Lawyer

[@talentekhuzwayo2705]

@@THEtaxstrategiststhat’s how he spelt affluent though