When Should You Set Up an LLC Management Company?

[@karltondennis]

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[@sunshine1450]

Hi ….are you in LA? I’m a small investor and need a new tax strategist. Can you send me your information for an appointment? Thanks

[@876jay7]

Good afternoon can you please help with filling out a S Corp form because I want follow all your advice.

[@MentalEFit]

This content is 🤌🏼 so good. So good. Subscribed immediately and stoked to learn more from you.

[@THEtaxstrategists]

Correction @ 7:08 point in video Mr. #1 Tax Advisor Even if you do not have to withhold FICA/medicare from your children, you MUST file form w-2. Please see below Mr Karlton from W-2 instructions (correct me if I am wrong KD) :......-------> Who must file Form W-2. You must file Form(s) W-2 if you have one or more employees to whom you made payments (including noncash payments) for the employees’ services in your trade or business during 2024. Complete and file Form W-2 for each employee for whom any of the following applies (even if the employee is related to you). You withheld any income, social security, or Medicare tax from wages regardless of the amount of wages; or You would have had to withhold income tax if the employee had claimed no more than one withholding allowance (for 2019 or earlier Forms W-4) or had not claimed exemption from withholding on Form W-4; or You paid $600 or more in wages even if you did not withhold any income, social security, or Medicare tax.

[@dailyrant4068]

1 suggestion: Expand the audience beyond RE. There are many small businesses, like retail shops, restaurants, coffee shop owners that can benefit from some of these strategies.

[@danmurad8080]

Ding ding ding but that’s an easy extrapolation for anyone to make.

[@dailyrant4068]

@@danmurad8080 care to elaborate?

[@sooma-ai]

The video explains LLC management companies, their benefits for entrepreneurs, and how they can be used for income shifting, tax advantages, and incorporating family members into businesses. It covers different types of management companies and their applications for real estate investors.

[@THEtaxstrategists]

This is a silly idea. If the expenses would be deductible within the mgmt co, they would be deductible within the operating company. I think they call this mental masturb@tion!

[@THEtaxstrategists]

Karlton. We cant wait to hear about your "family mgmt co". Also, i assume you are awarw of PSC rules regarding fiscal years and also section 444 payments. Will you enlighten us?

[@maatshatiyeomowale1876]

Love and appreciate the content! Thank U❤

[@AmyLEdwards]

Wow!!! You are so smart!! Thank you for putting out such great content!

[@kwakuawuah9553]

Would you recommend setting up an FMC if you have one operating company for the sole purpose of hiring and putting your kids on payroll? From my understanding, paying them directly from the S-Corp could trigger FICA tax?

[@tonyw3523]

Always valuable and beneficial information!

[@ahmaadmgreen]

Love the content! Can I set up a management company to pay household employees through separate agencies?

[@mikejr1152]

I appreciate the content champ🔥. Question. If you have multiple LLCs, would the management company be in charge of he advertising for each of those companies? Thanks!

[@realgiovanniandresmastro]

Please show us the court cases

[@bikogeneralteeb7881]

Profound!🙌

[@probst9999999999]

If you are a real estate agent then should agent activity be a separate LLC or would it make sense to just use one LLC for agent activity plus management of property LLCs?

[@jerusdc]

Great insightful video as usual.

[@THEtaxstrategists]

Karlton - would you agree that the expenses that you say are deductible within the Management Co (e.g. home office, spouse payroll, travel, business use auto, etc.) would ALSO be deductible within and against your business or rental income earned in the operating entities? Assuming you agree, then isn't the management company a completely unnecessary entity?

[@aaronrosenberg1416]

A management company can simplify payroll. Say you want to pay your kids but you have three operating companies and they work a third of their time for each one. That's 3 sets of W2's and quarterly payroll fillings, possibly three workers comp policies and three paystubs each pay period. With a management company you can do that once and save time.

[@THEtaxstrategists]

@@aaronrosenberg1416 use common paymaster. KD is just creating biz for himself and the illusion he has the secret sauce imo

[@MandyAmelia]

Isn’t there another tax loophole like like putting income through a IUL (Indexed Universal Life Insurance) or WLI (Whole Life Insurance)? Which is also I think tax exempt…research Infinite Banking Concept and Trusts.

[@lordsonic4567]

Is this the same as a Asset management C-corp ?

[@jazielo.n.t4385]

Hey I'm interesting in that subject how can I have more details

[@Motivational_Daniel]

Love this

[@robertwalker8716]

Bro I just got a 3 unit and 2 single units and a duplex i have to rehab all this year. I need tax help ect

[@miltonwoodson702]

Great video

[@exodusaviation2238]

how can we connect ?

This dudes a menace. He said he’s put a lot of spouses on payroll.🇺🇸🤣 bet he had 7 wifes

[@ibtehaj-khan]

Client: "I have 4 companies, and I am managing all of them by myself, what should I do?" Consultant: "Open and manage a 5th company."

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[@julianparks3325]

Tha

[@jctv7602]

He talks too fast

[@sibdynasty1106]

You listen too slow

[@thatoneguy4646]

1.5x is just the right speed

[@joelmendoza8908]

Its a video, rewind it

[@jaynguyen9557]

Thanks for your time and knowledge! 🫶🏻