Watch Next: 101 Tax Write Offs & Deductions For Entrepreneurs kzread.info/dash/bejne/qqastLlup6q4eqQ.html

@tracydavis148

2 жыл бұрын

What is the Credit Score for the PG

@felispalacio8500

Жыл бұрын

Do I need a website. Do I need to register my business with the secretary of state

I have options where I can buy vehicles for the low…. I’d use my personal money to invest and purchase…. No leasing or bank loans needed bro. I purchased two motorcycles for our racing team for promotional marketing and mobile advertisement. Sold all my extras and fun stuff to buy the two bikes, now I rent them for music videos, photoshoots and photography set ups.

you are the only man online to give real info on how to do this..thanks for the no nonsense info.

Came just looking for general info and ended up filling for a DUNs number, something I hadn't heard of until now. Automatic like & subscribe. Thanks!

Awesome explanation. Thank you so much for your knowledge and sharing. It's been super helpful. Direct and to the point. Thank you, thank you, thank you.

This guy is legendary NO CAP

Value packed information in less than 10 mins. Excellent job on this video. TY!

Thank you so much for this information!!! Now to set up my trade lines.

I never heard of DUNS, but I knew the rest. That means I learned something new! Makes this video great by default! Thanks for the great information!

@LYFEAccounting

2 жыл бұрын

Glad it was helpful. Thanks for watching.

Thank you so much for such clear explanations!

I’m just gonna say bro, this video was dope and so informative. NEW subscriber! Thanks again

Love that this knowledge is coming from a black man ! #LETSKEEPITUP

Amazing explanation!!! Thank YOU :)

Thank you for this video...I will follow your advice when I purchase me business vehicle

I was like this guy looks familiar. Great video. I hope you continue to be blessed!

This is absolute Knowledge! Thank you as always... 👍

Great afternoon, LYFE Accounting family! Once again, y'all are right on time with this one... Thank sincerely 👍

@LYFEAccounting

2 жыл бұрын

Thanks for your comment, R.E. Glad it helps!

So many helpful videos!

Thanks for breaking this down.

Thank You! Keeping doing what you do best✊🏿

Super helpful! This is the first video I've watched that gives clear step by step instructions! Thank you!

Love how he explained it. He made it sound so easy but is it really that easy?

@MarioGonzalez-mg9tv

Жыл бұрын

No

This question may have been asked before, but I'm asking it again. At 4:38 you say ask that a lender does not report to your personal credit unless you default. Well, if you default, don't they have to do that anyway? If they are going to do it anyway, why ask them anything? I have good credit, and I know I will have to use my personal credit to qualify for buying a vehicle in my business name. But, that still requires a lender to "ding" your credit score right?

Thank you for this information!

Ty 👑 positive vibes your way

Great info here thank you

Thanks, awesome video!

Also looking forward to finding out what my state says about business name registration

if you already had an ein you can call to recover that ein and add additional businesses to that ein with some restrictions. this is good if you had a business and dropped it then started a new business later, or you have multuple businesses. research everything, dont take my word for it.

Thank you!❤❤❤

Very helpful🙏🏼

THIS IS EXCELLENT 💯💯💯💯💯💯

I am a new subscriber thanks for this info 🔥please keep them coming ,great contents 👏

@LYFEAccounting

2 жыл бұрын

Thanks for the sub! Will do.

Thank you!

Thank you bro.

Great information 👌

Excellent!

Really helpful

Very helpful

If you still use the company vehicle for personal use, can you mitigate this by putting your company logo on it so that it becomes marketing? My friend suggested transferring me vehicle to my coffee business. But I still need a car for personal use too.

Great content

Knowledgeable

What about business credit cards do they report to personal or business credit bureaus? I.e. chase cap1 citi etc

If you are just paying for a car cash, do you use business funds from business checking account or do you use personal checking account and then depreciate the vehicle? Particularly looking at trucks.

@zacmo12

3 ай бұрын

I’m wondering the same thing

Good Information Dude

Can you do a video on deductions for a gig 1099 sole propriety driver

Thanks bro

Do I have to put in a business address if I'm just starting and don't have a physical location, or if I want to open an online or mobile business? Thanks.

What if u have a full time job and.ur bizness is more of a side hustle. Do u have to sperate the expenses/mileage for what is used for ur job and what is used for business.

Thanks❤

Thank you

If the car is in the llc name where are the on time payments being reported to since its not showing up on personal credit report will the payments report to D&B?

Thanks for this video. So it is better to have a bussiness vehicle under bussiness name? Or owned by individual yet used for bussiness? Also would really appreciate a detailed video on health reimbursement account/arrangement. And lastly forming partnership with wife and or other family members and how to get them paid and contribute to their retirement? Thank you

Great and clear

@LYFEAccounting

2 жыл бұрын

Glad it was helpful.

If the car is registered under the name of your business will that cause issues with your personal insurance if its under your personal name?

Million dollas worth of game💯 thank you

Good info keep it coming

@LYFEAccounting

2 жыл бұрын

Thanks, Dre!

What do you mean “big enough business” to by pass a personal guarantee? Like what if someone’s business credit is 80-100 but their income is less than 10,000 a month? Would they still recommend a personal guarantee??

Thanks Boss you just put me over that hump 💯💪🏿

This might be a dumb question, but what if I want to put a personally owed and paid vehicle in my buisness name? Do these steps apply?

shirtsy is a tradeline that i can use on my personal credit as well?

do I need a new ein for a new business ?

Thank you so much for this! What are your thoughts on selling your personal car to you LLC, would it be easier potentially?

@797tarentino

Жыл бұрын

Wanna know this too

Can i convert my business into an LLC? Or would I have to apply for an llc specifically?

As always, such great content! Thanks for sharing.

@LYFEAccounting

2 жыл бұрын

Thank you!

Can you write off a car that is used for business that is purchased from a smaller dealership that doesn’t require personal credit but maybe just a signed guarantee that it’ll be paid back as long as it’s in my business name?

Ive had my LLC for about 6-7 months and already established a 80+ paydex score can I go & finance a vehicle without a pg?

This was so helpful thank you

So sole proprietors can’t write off a car in taxes ?

What if I have an llc with the registered agents address for my mailing. What address would I use to register a vehicle if purchased under my business name?

Can you buy with a company set up as a PA?

Hey Keran, i don't know how often you check comments, but i had a question. Instead of getting a business auto loan to get a vehicle in your business name; Can't you simply get it under your personal name but transfer it to your LLC? Or get a personal loan either from a bank or dealership but register it in your name? thanks

When you finance can you write off the payments. I’m a CDL driver that started my logistics business. Will be getting a tractor and new vehicle next year.

@rumrunner6661

2 жыл бұрын

You would take the Section 179 deduction and depreciate the truck over 5 years if you buy it. If you lease it, you deduct the payment.

@richardmingo3470

2 жыл бұрын

@@rumrunner6661 thank you

@septimaharris9522

2 жыл бұрын

@@rumrunner6661 could u explain this more in-depth

@takesquad7197

2 жыл бұрын

I’m literally doing the same. I started my logistic company in 2021

@richardmingo3470

2 жыл бұрын

@@takesquad7197 congrats 💪🏿

Thx u

Does the money for the car have to come from businesss revenu? Or can I use personal money

im about to register my LLC in Georgia, I'm a therapist. do I have to do incorporated?

How long after signing up with the net30 accounts can we purchase a vehicle?

You have such helpful videos! Could you do a segment on creating a philanthropic arm for an S-corporation - Advantages and Disadvantages?

is this for business in uk or usa

"All of the miles" or only miles while you are working ie not mileage driving to work

What is the website for Dun & Bradstreet?

And can it be a new business with a new business bank account?

Thanks

@LYFEAccounting

2 жыл бұрын

You're welcome, Carolyn!

I knew the EIN number was free and didn’t listen to myself 🤦🏾‍♀️ Keep kicking myself for it but it’s done now.

Still don’t know how to buy a car in my business name but thanks 😂

All this info for free thank you💜🤑

@LYFEAccounting

2 жыл бұрын

You're so welcome! Someone has to do it!

Im sole...How can I change to incorporated?

Hey how I can check my credit score of my bussines ??

Can I still take advantage of tax benefits if I buy a vehicle under my name instead of business? Will be used 50/50

how do i lease a car in New York if my llc is in Florida? I currently live in New York but my business is in Florida . 🙇🏽‍♂️🙇🏽‍♂️🙇🏽‍♂️

what if you have the cash and don't want to get a loan ?

I’m from mass and I lost my drivers license. I own a construction company and have a work trailer. Can I register the trailer and get plates for the trailer in my company’s name. Even though I don’t have a drivers license?

I did everything except for step 5. Should I not apply for a car? I was going to apply in a few days🥴

How do you register your car in the name of your business.

Informative but i left with more questions

Why should I ask them not the report to personal credit?

Why am I craving thin mints after watching this informative vid?

love this video. if i financed a car in my own name june2021 but i am self employed would i be able to switch the car over to my actual business name for 2022 once i get an LLC?

@amancha76

2 жыл бұрын

That’s called transfer of equity

Ight so how about this. A 1yr old business, consistant income in a checkings acct with $10k. DnB score 70, Business Experian is 50, business Equifax 400… is it possible to get a car in ya business name WITH them checking your score???

Can I take a paid off car that’s in my name, register it in the business name and take deductions that way also?

@jtreed5716

2 жыл бұрын

I believe so. longs its getting use for business

@TrancEndingMedia

Жыл бұрын

Hell yeah! Best place to put paid off property is to put in a trust