How To Choose Your Business Structure & How Businesses Are Taxed
Learn how to choose the right business structure, by learning upfront the implications for how businesses are taxed!
Learn how to know which tax form a business should use.
If you are starting or have a business, watch this video to simplify business setup once an for all!
Get the Business Spreadsheet Template here: amandarussell.mba/getthebusinessspreadsheet
Пікірлер: 53
You have a gift for conveying complex information in an easy to understand way, something many 'experts' on KZread can't accomplish. Thank you.
I am supplementing my college business classes with your videos. Your explanations are much more clear than the textbooks 🤓
This is one of the best videos on KZread! You made complex information easy to understand. Thank you!
Great video. She just answered what I've been searching for in last 2 weeks. Thanks a lot!
wow your really great i just watched one of your videos and i ended up watching almost all
Love your informative videos. You transmit a strong and supportive attitude and I appreciate the knowledge that you share.
Thank you so much! So helpful!
Thank for your video you make it easy to understand!!👍
Thanks for simplifying that for me great video. Great presentation, Great presenter, you can't pay for better information. Thanks
Thank you Amanda your way in presentation awesome 100% understandable
Great Video... Really appreciate all the advice.
Great video sister! Thanks for sharing...and nice studio!!
Thank You! your explanation it helps me a lot......
@businessfinancecoach
4 жыл бұрын
I'm so glad, thanks for letting me know Flo!
This is a great summary of some basic key points I needed to understand so much more! Your Small Business MBA course was worth every penny!
@businessfinancecoach
4 жыл бұрын
Thanks Lynn! PS..we are adding everyone from past groups to the new 2020 courses shortly!
@ladieesc0
4 жыл бұрын
@@businessfinancecoach what course is this?
@businessfinancecoach
3 жыл бұрын
@@ladieesc0 Hi Ama! sorry, I just saw your comment -- I have a bunch of E-courses now. You can check them out here: www.bizschool.coach/courses ... you can buy them all too - I called it a Small Business MBA! :)
I love you classes I love you video it I learn so much from you thank you amanda
Very informative! Thank you!
Great Information and easy to understand, clarified allot for me. Thanks!
@businessfinancecoach
4 жыл бұрын
You're welcome - thanks for your comment!
Taking notes!! ✍🏿
Thanks for another Great video!!
@businessfinancecoach
5 жыл бұрын
Thanks for watching and commenting!!
Great content!!!
LOVE the Braddah IZ vibes
We have a S- Corp in Florida and its only my husband & I that are owners. Our accountant that has been doing this for over 30yrs said we do not have to file FUTA tax (reemployment tax) renamed from unemployment, since if we lost our business, the state isn't going to pay us unemployment, the IRS rep agreed and we have been doing this whole time we have been in business 2002. I am going to attempt to use a payroll company to do our payroll and tax/form submitted, will have to see they didn't understand why we weren't paying the FUTA tax when we get a w2 at end of year. What is your take on this?
Awesome video...wish I would have seen it a few months ago! My husband and I formed an LLC as a partnership in Nov of 2019, I quit my job and now work full-time on this business and will not take a salary as there is no profit (yet). My husband continues to work at his full-time job. Can we still file our taxes as a Qualified Joint Venture (tax type) with 2 schedule C's rather than a 1065 K-1?
Hello, Your videos are great. But can you do one with combined incomes? Lots of people are working as employees with W-2's and have a small business(self-employed) on the side.
@businessfinancecoach
5 жыл бұрын
Hi Miracle! Can you clarify what you mean? I would love to make a video for you :)
Great Video! just curious, what happens if a single member LLC person is married filing jointly? does that change anything?
Aloha Amanda mahalos for the video
great video
You’re good! :)
If I would form a LLC with my brother for a trucking company can we choose to be taxed as a sole pro . or would we have to be taxed as a partnership? Or would we be better off registering our company as a general partnership and file taxes as a partnership? Thank You
Excellent video. Could you please do a video on how to manage a Holding company? Advantages, disadvantages, how to move money between Holding and Operating company.
@businessfinancecoach
5 жыл бұрын
Yes! Real quickly -- a holding company is just what you are saying the business is for (and you should be following that more than people sometimes do). It uses the same legal and tax business types that I explained in this video. It's not it's own type of business. So, in that regard, it's the same as I said in this video -- you want to keep everything separate from the owner and say two LLC businesses (1 a holding company and 1 an operating company). The most important thing is 1) following the states rules where the business operates, 2) keeping separate books and records and 3) no co-mingling of funds. I have been meaning to do a video on this. If you provide some more details about your specific situation/what you are thinking about doing, I'll answer your situation/question directly.
@cleiagrubb
4 жыл бұрын
@@businessfinancecoach I understood a husband and wife starting an Umbrella LLC would be considered a multi member LLC and default to be taxed as LLP Form 1065 schedule K1. If you are trying to stay anonymous on you Umbrella LLP, wouldn't a k1 disclose the names of the members? Is it possible to keep the holding company LLP anonymous? If so, How?
Quick question what kind of tax form must be used if i have a Single Member LLC (only one owner) and at least one employee
I'm planning to do a partnership with my girlfriend for our business but I'm not sure if I should do general or llc? I've heard with LLC we would get taxed higher, is this true? Hope to hear from you soon!
How about LLC?
Could you do lecture about practical software in individual and business tax I want to know how are software works !!??? Thank you
@businessfinancecoach
4 жыл бұрын
Yes - I'm doing a Tax Act series for partnerships and s-corps, but they get a bit more complicated so I'll probably be doing a live workshop on that. There's a series on the software I recommend for individuals and SMLLC/self employed/contractor businesses (freetaxusa) and some on Turbotax (even though I don't recommend them:) kzread.info/head/PL6RQXhWqnQGH_TWMVgF4ba5ddEEIrHHL8
What happens if you have a LC and taxed as a partnership. Your partner is your spouse
Hello the video comparing Self Employed vs S-Corp tax isn't available. Did you deleted that video?
congratulation
Question. So I formed my company, Herby Distribution in California in 2018, It is an eCommerce business I formed it as a DBA however I did get an EIN number as a sole proprietor on the IRS website. I My question is, considering I have about 20 companies that I will execute in due time one by one, I created a corp name called www.RestoringHumanityIncorporated.com I am wanting to establish that here in Oklahoma where I am currently at, After forming that officially, either an S.Corp or LLC, unsure, however after forming that, I would like to add my previous/current company as a subsadairy company under the Restoring Humanity, this is where I also would like to add the other business's when it is time. Do you have any advice or suggestions on how to go about this in the best way possible?
You are very good at what you do. Very intelligent. Will you marry me?💒
@businessfinancecoach
5 жыл бұрын
**Laugh face**