Writing Off a Trip to Park City, Utah as an LLC Owner (Step-by-Step)

[@AlEntrepreneur]

🔥🔥🔥 *Great video! It May have went over some people's heads, but you mentioned you have several businesses in which you can take these write-offs (tax business, media business, education business, etc).* _Also for the people in the back, understand any entity you choose has 2 sides; a liability side and a tax side. An LLC, as mentioned in its name, offers limited liability. It also can be taxed as a partnership, s-corp, c-corp or disregarded entity. This flexibility is why it's become a popular option._ *As with any online information DO YOUR OWN RESEARCH, but also don't attempt to discredit someone FREELY sharing information either.* *Thank you Karlton for sharing and giving insight to how tax code is applied in real life. Continue to push the needle forward!*

[@vprince9907]

@@richdibo may I respectfully inquire of you as to whats misleading within the info being given by the brotha Karlton here you say is incorrect ?

[@AP_123_]

Thanks, Karlton. Sounds like you had an awesome trip. Would you mind going over establishing business credit and obtaining a business credit card, if you've not already? Thanks!

[@metakmoto]

Awesome video Karlton! Great explanation on how to make the most out of a trip.

[@JohnHua-l2z]

This is gold!

[@Einmalig001]

Definitely let us know when your mastermind takes place! I want my Brother and I to do what we can to attend!

[@highlybless1]

Well said sir, you speak with feelings

[@lorenchairs22]

Your content is ABSOLUTELY AMAZING!!!!!! I have one question, I know that on your channel in a previous video you explained exactly how to write off a business meal. My question is, on THIS trip or say any trip of this nature, does the process for doing so change in any way? For example did you still cover the bill for the entire group and list everyone at that meal and what was discussed for a group of that magnitude? A secondary video explaining or breaking down the process WOULD GET VIEWS!!!! Quote me on this. I WILL MEET YOU ONE DAY! MY JOURNEY IS ONLY STARTING, BUT I WILL BE IN A FUTURE MASTERMIND WITH YOU.......

[@daddyjake815]

Thanks for the important information

[@thebsharpcoach]

Loved watching this!

[@stepbrown2000]

This is amazing info

[@dianaxolocotzi1438]

You always make me wanna change my profession 😅😅 Badly!!

[@kirkmarshall5204]

Thank you

[@vprince9907]

So by putting a note of the business meeting on receipt with names of those present "for potential audit purposes" ....later on down road ...are any of those who were present have to give any info detail wise on what business was discussed ?

[@MommaBear-ed8df]

Thank you!

[@IdeaMusicKen]

Man your a God sent.

[@IdeaMusicKen]

@@richdibo care to elaborate. 🥺

[@novadon4729]

@@IdeaMusicKen that dude is just a hater

[@SGD-TV]

Im from Utah and I just did my llc in utah

[@SGD-TV]

The state of Utah approved my business

[@DrMelInvests]

Hey, it's Kyle! Glad to put a face with a name!

[@projectcontrols]

Interesting comrads. Wouldn’t mind a hyperlink to their profiles as well..great content you have

[@lordtark6736]

Can you write off first-class travel with major airlines ?

[@talonwrandall13]

Yo those Tacos look great where’d you get them? I live just outside SLC

[@stevegarza1643]

How do you go about storing all of these receipts so you have them in case of an audit?

[@NHTLLC]

Great video, wish the background music would be lowered hard to listen to you speak.

[@clubimage801]

Me watching these videos while I am on a trip in Park City. HAHAHA

[@richardbonilla6790]

What if sit down with 10 people to discuss business at a restaurant, do I need to list all 10 peoples names on the receipt?

[@darryboi]

In another video you said in order to write off meals you have to pay for everybody

[@cherrypickit3048]

Karlton, Speaking of write-offs, I bought a car in 2021 that I use only for my business. LLC - Sole Proprietorship. My understanding is that I can depreciate most of it for 2021 taxes but then I won't be able to claim mileage any time after that. Is that correct? Is that the best option?

[@skylarparks6485]

Is credit card cash back considered income?

[@leyotheturtle313]

Next video .. How to write off the air that you breath

[@craigfranklin1]

When documenting it for KZbin, does the same rule apply for other social media platforms that are funnel points for the pursuit of income?

[@Iamjoeycross]

That’s my number one question as well. If part of my LLC or one of my LLCs is media, and I document it for KZbin is it a full write off like other things?

[@TroySwezey]

@@Iamjoeycross It sure sounded like that didn't it? This is a super interesting idea and concept. I had never thought about having a business of creating media as a way to promote another business.

[@Iamjoeycross]

@@TroySwezey yessir. Im a former TV producer and editor, back in my 20s and I’m finally coming back to social media to create my own media that I can monetize. I travel a lot as well, so if I document my travels and my KZbin channel is how to travel abroad, it’s a business and media in one. Therefore I had to be in Thailand to shoot the footage to explain traveling abroad right, lol.

[@TroySwezey]

@@Iamjoeycross For sure. So, if I am understanding, I work as a proofreader for my LLC. But I can start another LLC to create media showcasing my proofreading biz. Hmmm, very interesting. Last year my proofreading LLC did buy a GoPro for the purpose of creating media, so I am sort of on that page, but a whole separate LLC... Very interesting. Safe travels to you, sir.

[@alvindo7]

Strong Beach Airport

[@SilviaManentFinancialAdvisor]

Can i come to your mastermind!!!?

[@themindexperiencesofnadirs1944]

👍🏾😎😎😎🤗

[@dwyanelymore2833]

👍

[@darryboi]

I have a feeling you will get someone in jail

[@sosiimartinez2268]

hmm

[@Anisha..Alayna]

‼️🤎🤎🤎

[@antonzlobin4005]

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