Hellow guys, Welcome to my website, and you are watching Does an LLC Help You Save on Taxes?. and this vIdeo is uploaded by JWellsCFO at 2020-10-27T09:00:01-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Does an LLC Help You Save on Taxes? |
| Video Uploader | Video From JWellsCFO |
| Upload Date | This Video Uploaded At 27-10-2020 16:00:01 |
| Video Discription | For my clients who are just getting started who ask me, "Do I need an LLC?" my first question is how much money are you making in your business? I'm not talking about how much income are you bringing in? I'm also talking about how much are you spending out on deductible expenses that gets us to a net income. When the client starts making more money, then we'll start talking about some advanced tax strategies that would include registering an LLC. I do have clients come to me and ask, "I just started this business. I just invested into it a rental property. Should I form an LLC? Because I want the legal protection. I want to protect my assets. I want to protect my personal assets from the business assets." I can't advise on any of that. Those are legal questions that you need to go talk to an attorney about to understand the legal side of things. Registering an LLC, especially in the very first early part of starting a business, is overkill. There are beliefs that an LLC will help you save on taxes. There are beliefs that you can't deduct expenses unless you have an LLC. Both of those are false. When you start a business and you're spending money and you're making money through that business, you are technically, from a tax perspective, what's called a sole proprietorship. A sole proprietorship is treated exactly the same for tax purposes, whether or not you have an LLC. If anything, depending on where you are, registering that LLC could only increase your tax bill. Every state has a different amount that they charge for that fee. Usually around $50, $100, $150—something like that. So you're going to pay money when you register it, and then you're going to pay money every year to keep it active. More often than not, an LLC is overkill. Check out the JWellsCFO Realtor's Guide to Keeping More Money at jwellscfo.com/realtors #Realtor #Business #Taxes #Accounting #RealEstate Website: https://www.jwellscfo.com Instagram: https://www.instagram.com/jwellscfo LinkedIn: https://linkedin.com/in/jwellscfo SCHEDULE YOUR FREE CONSULTATION: http://link.jwellscfo.com/consultation |
| Category | Howto & Style |
| Tags | Howto & Style Download MP4 | Howto & Style Download MP3 | Howto & Style Download MP4 360p | Howto & Style Download MP4 480p | Howto & Style Download MP4 720p | Howto & Style Download MP4 1080p |
