This Choice Costs You THOUSANDS: LLC, S-Corp or C-corp?

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00:00 - Introduction
02:33 - Importance of Understanding Business Structures
09:02 - Detailed Look at LLCs
13:55 - Misconceptions and Benefits of S Corporations
20:37 - Integrating Asset Protection and Tax Planning
26:50 - The Role of LLCs in Rental Properties
33:08 - When to Convert to an S Corp
38:22 - Understanding the Trifecta in Business Planning
43:25 - Conclusion and Final Thoughts
#Ccorp #Scorp#LLC #Taxes #avoidtaxes #paylesstaxes #wealth #tax #realestateinvestment #Markjkohler #KKOSLawyers #markjkohlerLIVE #Entrepreneur #rentalrealestate #taxplanning #smallbusiness #taxlaw

Опубликовано:

1 авг 2024

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Комментарии : 32

@crookeddonald4761 6 месяцев назад

LOVE these guys. Love the straightforward style and not trying to push anything beyond whats necessary!

@leahsiller1086 6 месяцев назад

Great information! You guys are amazing!

@ScottJLetourneau 6 месяцев назад

Great content about LLCs, S corps, and why to avoid C corps. Can you talk about formalities and piercing with an LLC? Thanks in advance!

@therealglenjohn 6 месяцев назад

Excellent information as usual! I *believe* that another case for using a C-Corp is if you are doing a ROBS (Rollovers as Business Startups) to use your retirement account to fund your startup. Is that accurate and are their alternative to C-Corp for this use case?

@dawnwyatt2334 6 месяцев назад

Question: For clients with a trust as the single member of their rental property LLC, is the trust or the LLC listed as the landlord on the rental docs/leases? Thanks for all the great information.

@projectmanager8931 7 дней назад

I joined one of the biggest companies on the internet with "A" as its first letter in it's name...it is REALLY pushing C corp for my RealEstate and for my day trading....THANK YOU for unpacking this information. The biggest thing they push is being able to write off all medical expenses.......is there a way to have medical covered with the S-corp or LLC?

@dross0123 6 месяцев назад

If i am a SMLLC w/ S-corp tax election, do I follow the requirements for an LLC or an S-corp (e.g meeting minutes, etc.)?

@brendahalliday7450 6 месяцев назад

Mark Kohler I love your podcast. I'm an avid listener. I believe you care about the little guy however I'm concerned that your law firm does not. You are constantly advising people to call your firm, I've been on a waiting list to become a client for 2 years. I was so excited when I got the news last fall that there was room for my husband and I to join your team as clients. We paid $500 for an initial interview, no tax advice. However when the firm split we were left in limbo. We were not assigned a CPA. We were not told of the split or advised to find a new CPA. I finally got someone in the office to reply to my emails and they won't take us on as clients or refund our $500. I'm so disappointed by this experience. I thought I had finally found the perfect CPA so I could stop telling our CPA how to do our taxes. But instead I had $500 stolen and am in a worse position with no CPA and no end of year tax advice.

@MarkJKohler 6 месяцев назад

Hey Brenda, we are so sorry to hear about this experience. We would like to get this resolved as soon as possible. Could you please email deb@markjkohler.com with these details and she will make sure you get taken care of. Thank you!

@brendahalliday7450 6 месяцев назад

@@MarkJKohler yes I will thank you

@surveytestmoney2550 6 месяцев назад

Here's to praying you get this resolved to full satisfaction! I'm really so sick of coming across ppl who say all the right things and reel you in by gaining your trust..only to find that it's not them but a so called "team" of strangers who are sicced on you, take your money and scram.

@GeraldPrice 6 месяцев назад

How do you feel about Land Trust for Rental Properties? Vs LLC’s to hold Rentals

@rubenthemastertech8631 6 месяцев назад

Woohoo this need to be talked about more. Poll jump right into LLC without getting info or help.

@cesarhd1200 6 месяцев назад

I just change to a c-corp, can i change again to a s-corp? Thanks.

@davidbell5553 6 месяцев назад

If one puts an asset (CA rental prop) into an LLC or an SCorp does that force a taxable transaction (like CA reassessing the property, which ups the annual tax bill)?

@user-tv6mx9tv2y 6 месяцев назад

I have 3 rentals can they all go to 1 LLC? Indiana Thank you

@danceufo9256 6 месяцев назад

Would the 50k figure where it makes sense to file as an s-corp still apply in massachusetts? The fees and requirements here are particularly expensive to even have an llc

@JtotheRizzo 5 месяцев назад

Thanks for this video. I have multiple businesses. My Wholesaling business operates under an LLC taxed as a S-corp. My real estate brokerage business operates under a separate LLC/S-corp. And I have a 3rd LLC/Disregarded that I use to hold and manage my multiple rental property LLCs (all disregarded). I'm running 2 separate payrolls for my 2 active businesses (wholesaling and brokerage). Can I change my overall entity's structure so that I'm able to run payroll from a single entity and reduce the number of tax returns? Does forming a Holding Company LLC/S-corp to hold and manage my various businesses so that it reduces the number of payroll and tax returns for ny businesses?

@rutledgejared Месяц назад

Does an S-Corp allow an HRA for reimbursement of Medical/Dental expenses not covered by your Employer's Medical plan, like a C-Corp?

@medicarebymike9065 2 месяца назад

Can you convert to an scorp at any point in the year

@one-step-at-a-time-curiosity 6 месяцев назад

Thank you. When it comes to business, right niw all I can think about is how to do damage control for legal seperation or full divorce with the person I've been stuck with in an broken way since the inception of marriage. We are both older and our bodies have been showing breaking down. For him It's a complete miracle and gift from Gd that he is still with us (saddle pulmonary embolism in 2009 for anyone curious). Wow life is hard therefore marriage too if lacking skills. Anyways this is a wrong time of life for either to lose our finacial potential by splitting and selling off any or all homes (at least as far as I can see). Our marriage dissolution has been in the courts since November 2022. October 2023 he no longer has a lawyer and he's still stuck on doing is interrogatories. I think my wish would be to put everything into a living trust and write out al the rules. Any thoughts? I'd love to try and live again from a place of purpose. How to move on with love as the intent? Then I can get moving with an LLC. I love your advice here. And I apologize for my off typic concerns. I appreciate your love bu putting good and helpful advice out on RU-vid.❤

@user-gs4bb9ho9u 6 месяцев назад

How to contact you and join the training program

@MarkJKohler 6 месяцев назад

Hey there, to get set up for the Main Street Tax Certification, please schedule a free demo with our team to walk you through it and get you signed up! Please set up your demo here: markjkohler.as.me/schedule/ef0d99e4/appointment/57275361/calendar/any?appointmentTypeIds%5B%5D=57275361 - thanks!

@quintinmason3723 6 месяцев назад

hey mark I jump an paid for a s corp an didn't need it but I let it close cuz I didn't renew it!! should I start over an get a LLC trifecta an spend the 1500 an let my old scorp stay dead

@DaniahOliviaThompson 5 месяцев назад

I can guide you on how to get a grant as mine got approved

@karmenwashington605 27 дней назад

I say get a book about it. These people are charging for everything nowadays

@karmenwashington605 27 дней назад

Stop tryna sell shit! Don't listen to them! You can 100% set up your own LLC. SMH

@utubes720 6 месяцев назад

2 videos with you guys and 2 “poor persecuted Trump” references. Maybe the Lawyer/CPA experts can refrain from the political moanings, especially about a guy clearly guilty of tax and legal violations.

@karmenwashington605 27 дней назад

EXACTLY

@karmenwashington605 27 дней назад

I see you are a Trump Supporter! You are throwing jabs at Biden as well. Not looking for Political bias. Unsubscribing