I love how you deliver serious topics and you still manage to get a few chuckles from us. Woman after my own heart (I think that’s how the saying goes).

Girl girl girl. You are truly a blessing!!!!! I love your detail and personality. Thank you for all u do. Please keep them coming

This is the 2nd video I've (started watching) and your personality makes me smile in the first 3 seconds. So glad I found this channel.

you are the best teacher! this really cleared things up for me. thank you!

This video answered so many questions I've had about LLCs taxed as pass-through entities. I have been wondering about the technicalities of distributions to myself and you nailed it. Thank you!

I love the new intro!!

You're content is extremely valuable and helpful! My wife and I are looking to form a multi member LLC and have it taxed as an s Corp. Still alot to learn and understand but your vids are great! Much appreciated anf keep them coming!

years later, you are still super helpful. Thank you and God bless you. You should deff have a facebook group

Thank you for making this video! I just paid all my expenses to set up my business as of today Aug 1st. I did jump the gun a little bit in my excitement. Lol. I have to back track a little on filing for my LLC. But that's a small obstacle. I have been following your vids for a while and you have helped me Soooo much! Thank You! :^)

@puppyrex1789

5 жыл бұрын

Thanks

Your videos are awesome! Very simple where anyone can understand.

Great video and thank you for sharing 👍🏽

You got married, congrats! Love your content. Keep up the great work.

Keep em coming.

Thank you for what you do! Great information!

Thank you sooo much for sharing your valuable knowledge!! You can't imagine how helpful it actually is! PS: you're so beautiful!!!

Thanks for the info. Been making a lot more money lately and need a way to figure out how to divide up the money coming in to ensue each category gets proper portions (overhead, self, taxes)

Thanks for this information. It cleared up a lot for me. I love your channel and always look forward to your videos!

@allupinyobiz

5 жыл бұрын

Thank you so much for watching!

Your channel has been very helpful. Thank you.

Loved this video, thank you

Thank you so much for sharing this!

Thanks for the information. Love your videos

Wooooo this is a lot !!! Thanks Aidan

Good information thank you! You teach on a very nice way.

One of your best video

I'd love to know more about Real Estate Holding companies. I live in the state of Maryland but want to buy a rental property in Pennsylvania so I formed a Pennsylvania LLC because that is where my income will be earned for this business. Since I am a Maryland resident I don't know if I should form another LLC in Maryland as a parent company to the Pennsylvania LLC.

S-Corp business owner here! Thank you so much for this video! This is soooooooo helpful!

@kr12py

4 жыл бұрын

Hey Regine, I met you a couple years ago at a professional development class you were facilitating in NYC for NYJTL. I just wanted to say hi and I hope all is going well with your business, and your health in general.

Very Helpful, Thank you!

Hello Aiden! I just discovered one of your old videos tonight. I am starting a new business and need all the help I can get. You really give great information. Thanks!! :) [new subbie]

Good information, love the new intro. Loved how you said "For funniest ok..."

Thanks for this helped a lot

Awesome video. This is helpful. Trying to figure this out now.

Love it!

I love the kitty’s too !

Love your vids. What would your recommendation be for rideshare drivers? Sole proprietor or LLC?

Very good explanation. Thank you very much. I’m watching your video in Georgia.

Just started watching your video's...love your stuff Aiden! And kudos to your 'graphics' team :)

Awesome video! Thank you

Great video! I just started reading Profit First today before I found your video and set up my different bank accounts. In addition to the profit account I set up a donation account that gives 10% of the profits. At what point do you switch from an LLC not taxed as an S-Corp to a an S-Corp? Thanks! Maggie

This is great information. I am considering starting a Lawn Mowing Business (part time at first) and if goes well, may go to full time. I am still lost though with all this info. After watching one of your videos i went and did a goole search for reasonable salary for a S corp.......now my head is really spinning...lol

Thank you great info

I just ordered the book. Great information 👍. Not ready to pay myself.

This is suuuuuper helpful! Thanks!

@allupinyobiz

6 жыл бұрын

Thanks for watching!

Thank you for the help

Love the new intro!!:) and learned a lot for this vid!! - I will be 101% worked in the business on a daily basis- just like an employee- so im thinking i will have a W2 like you - I will have a partner also - and she will be a W2 as well - thats what im thinking right now -- and perhaps - later on transform the LLC to a S-corp. give me some feed back on that ! Mahalos- Bubba!!

I have an LLC S-Corp. when I pay dividends to myself, do I need to report these amounts I pay myself or these dividends/ bonuses are not reported?

Blessings from Gainesville , Tx

Great video. Any thoughts on how to invest the excess in the "Profit Account", or just pay this out as a Distribution then invest in Taxable Investment Account? Tax advantages either way? Is this taxed as Salary, Distribution, or just business profits?

Wow this video is gold!

Great info keep it up thkx

My prior message did not post but I just wanted to really appreciate your information because I was looking all over KZread how do I pay myself dividends I know that I need to do payroll for salary but dividends I did not know so thank you cat mom

@businessfinancecoach

4 жыл бұрын

Do you have a corporation? If your LLC has elected s-corp you don't pay dividends - you use distributions.

Thanks for the info, your channel is very helpful!! Are there any downsides to not paying yourself? I started a single member LLC for my side photography business (not my main income) but I like to keep what I make from it in the account and use the account for business expenses (photography gear).

@allupinyobiz

6 жыл бұрын

Definitely not! It's a great idea to keep the money in your biz I'd you don't need it for yourself. BUT keep in mind that you'll be paying taxes on it even if you don't pay it out to yourself.

Luvvvvv uuu and your content Angel

What advice do you have for a start up sole proprietor/ LLC, where the person is getting social security. As it relates to income restriction of ss.

A business line or business credit card vs a business loan for your corporation or LLC ??

I guess the separate bank accounts can be helpful. Tnx for helpful vid.

I’m ordering Profit First!

is there a legal difference btwn single member llc and a multiple member llc ? is it required to file differnt paperwork?

Thanks much👍

Can we do the same with distributing funds into different savings accounts to save for taxes, raining day, expenses, etc?

Nice!!!!!! New intro

Thank you for great video. I work as contractor 1099 and also have a w2 job. Should I establlish a LLC for 1099 income to pay less tax?

Great videos. So if I'm a S-Corp and don't need to pay myself can I leave it in my business? Looking to become a good vendor and I'll only vend on weekends and may not be every weekend. How do I set up a salary if I'm not vending that next few weeks? Thank you

Thank you so much for what you do!!! But I'm a little bit confused about single member LLC? Member managed how would I pay myself as a check or. I can take out like sole proprietor? Or a salary

@allupinyobiz

4 жыл бұрын

You can write yourself a check or take the money out any other way you'd like (withdraw cash, wire transfer, whatever). It's only considered a "salary" if your LLC is taxed as an S Corp.

Hi! Can you do a video regarding California Prop 65 compliance selling on Amazon?

Aiden, thanks for your videos, I find them pretty helpful and informative. Do you think you would do one on strategies for buying a business vehicle? Such as buying vs. leasing, or methods for reducing taxes, etc. Thanks

@allupinyobiz

6 жыл бұрын

That's a great suggestion! I'll put it on the list!

I am a loan signing agent llc . Great information

Hey, thanks for this video! I just saw your recent version of this too. They both answered my questions but formed another question for me lol. So you said that we can draw money to pay ourselves whenever we want, but what if you haven’t paid income and self employment tax for the profits yet? How do you pay for taxes for self payments that weren’t taxed yet? Do you just keep records of how much I paid myself in total, until tax time (whether estimated or yearly)?

@teamufinance

9 ай бұрын

Excellent Excellent video

I just started a single member LLC in Illinois , doing real estate rentals. I have a day job Woking as a union electrician . I was wondering if I could consolidate my day job and income from the LLC together annually. If so ,do I have to specify this in my operating agreement? Thank you!

Should I do a direct deposit from my job"s paycheck to my business account

i think this is better and more detailed than your previous video. Also did you get a little younger since 2 years before?

@allupinyobiz

4 жыл бұрын

Maybe I did! Or maybe its the botox 😉

Fantastic

If you pay yourself in an LLC in a form of distribution does the business give you a 1099 at yearend?

How would this work for an LLC (sole proprietor) that isn't making much money? Another question is if they taxed a business not making over $500 as they are making $500, should paying taxes be more important than distribution if there is small revenue? Under $500 meaning first year start, and mostly expenses paid out of personal funds.

Hello Aiden, Thank you so much for Blessing me with your knowledge. Could you please do a Video on the advantages and disadvantages of placing your primary residence into a LLC. Thank you Abby

@allupinyobiz

6 жыл бұрын

Great suggestion! I will put it on the list!

@shantryce375

4 жыл бұрын

Yes ive been wondering about this

@shantryce375

4 жыл бұрын

@@allupinyobiz has thisnvideo been created yet?

Sweet intro!

@allupinyobiz

6 жыл бұрын

Thxn I did it myself kind of :-)

Garrett gunderson(however it’s spelled) from wealth factory had some really good tax strategies

Love your videos! How much is the charge from an attorney to help file for a trademark?

@allupinyobiz

6 жыл бұрын

It's going to vary a LOT depending on the attorney. My fees generally work out to be about $1500 total per trademark and that includes doing a clearance search, filing the application, and responding to non-substantive office actions. Some attorneys charge a lot more than that, but they may include additional services. Some may charge a lot less, but usually they are ONLY filing the application for you. It's important to not just ask about the cost, but make sure you understand everything that is included and what you're expecting to get out of it.

Great information thank you. Love the new intro too. The key to everything you said is making sure your business is making enough to pay yourself. That's where I struggle. Currently my wife and I are 50-50 owners of an LLC taxed as an S-corp. Your video makes the third time I've heard the book Profit First mentioned this week. Guess I need to see if it's on Audible.

@allupinyobiz

6 жыл бұрын

Of course, making the money is definitely the hardest part! That's why I really liked Profit First. You get to pay yourself something, even if it is just a tiny amount, no matter how much revenue is coming in.

Did I miss something? Why do I need to pay myself? I’ve been using my company bank card to pay for all my personal expenses. If I pay myself then won’t I need to pay both my personal and my company taxes?

@coolkidbmx6851

4 жыл бұрын

duh.. you are still an "employee".. just you are not working for someone else, but yourself. Depending how you pay yourself.salary(through payroll cheque), dividend or pay out as a distribution. Which one you choose determines the rate of which you are taxed. For example as an employee in X state has to pay(hypothetically) 40% tax of which if you pay yourself as an employee you'd deduct off your pay cheque through your human resources or you have to set that aside for tax time. As a distribution or dividend you could possibly take your tax % anywhere from 0 to aprox 15%. Or never take out any "capital gains" and never pay tax ;)

Does an LLC have to pay taxes quarterly? Our business will only be seasonal.

Question- If you are married -starting an LLC for a rental property in NC . Would it be better to form LLC in one spouse's name or form the LLC in both spouse name.? We own the house rented outright and plan to put it in the LLC .

@BAKERHUSKIE

4 жыл бұрын

You can always add your spouse after your set up. Depending on your state, you can still be taxed as a sole proprietorship.

Your to cute to be a "attorney"* Thanks***

sole propietorships are really tough.i don't really see any guidelines as to how to make a profit

so from your suggestion from the book "Profit first" you are setting up several checking acccounts in the name of the LLC to cover expenses, taxes, and distributions? Is one of them a business savings account?

@allupinyobiz

4 жыл бұрын

Yes! I actually have three checking and two savings accounts that I use for different purposes.

@progressforamerica6883

4 жыл бұрын

@@allupinyobiz if all the accounts are opened in the LLC's name, can legally transfer the money between each of these business accounts? or is taxes gonna come into play here and I need to talk to an accountant?

@allupinyobiz

4 жыл бұрын

​@@progressforamerica6883 you definitely need to tlk to an accountant! You generally won't have any tax issues with transferring money between accounts of the same business. It's also typically fine "legally" to do so. But all of that majorly depends on your circumstances and the types of accounts and the kind of work you do, etc. So yes, talk to a pro!!

@progressforamerica6883

4 жыл бұрын

@@allupinyobiz do you have any refferrals? I'm here locally in Denver.

@allupinyobiz

4 жыл бұрын

@@progressforamerica6883 yes, my favorite is Joe Lutz, www.lutzcpas.com/. He's my CPA!

Still trying to get all up in your business

Where’s your office located please

What's the difference btwn profit account AND compensation account

@le_th_

7 ай бұрын

That sounds like a great question for an accountant that you PAY for advice

Great Video, very informative! The question I have is why do you get taxed as a S-Corp if the distribution as a LLC is so flexible?

@allupinyobiz

4 жыл бұрын

Good question! For many, the S Corp election can greatly reduce the overall tax bill. So that benefit usually outweighs the downside of the extra hassle. Check this video out, it may help kzread.info/dash/bejne/lXh219Wpfq_gis4.html Thanks for watching and for the kind comment!

Hi I’m in Florida do u have a office in Florida I would like to do business with u please

@allupinyobiz

5 жыл бұрын

I don't, I'm only licensed in Colorado.

Awesome video!!!! You should come up with you’re Own business book and or manuals😊

Can I deposit my check into my business LLC? I'm in the entertainment business and need to attend trade shows and film festivals but my business doesn't have any money but these expenses are real.

@urbanculturetv.90sbrandman74

5 жыл бұрын

Marie Evans we need to talk I’m Jamaar Jorden I go by mar the manager My Instagram is mar_the_manager

@LucifersDeathSquad

3 жыл бұрын

@@urbanculturetv.90sbrandman74 - 😂😂😂

@le_th_

7 ай бұрын

@@LucifersDeathSquad Your parents really broke you irreparably, huh? ...and you just quietly demonstrate that all over the internet, dontcha?

Hmmm...did you get married or something? Sounds like you have a name change from previous videos...if so Congratulations!!!! Thanks for the great video!!!

@le_th_

7 ай бұрын

That's a rather impertinent question since you don't know her personally, or were you not taught basic social etiquette as a child, like don't ask strangers personal questions? Some of us were not because we had entitled parents who asked entitled, inappropriate, inpertinent questions of strangers they'd never met yet felt oddly entitled to know the personal details of their lives anyway? People change names for a variety of reasons... ...death ...divorce ...scandal (imagine being a serial killer's wife...and trying to get a job after that) ...safety (domestic violence, INTERNET STALKER) ...marriage ...name change ...witness protection I don't know you...or her...but I know one thing, and that is that this is NOT a lifestyle channel. She has *very intentionally NOT* invited us into her personal life to experience it with her. If she wants to announce why she has publicly changed her name, and it may not be the ASSumption you are making, she will tell us. There are A LOT of sickos in this world, especially online. A young, attractive woman must be careful *anywhere* she lives, but especially what she reveals to the world online.

I need you on my team! ;)

@allupinyobiz

4 жыл бұрын

Deal!

@joeyv9886

4 жыл бұрын

180 Law Co. LLC yes!! Your videos are impressive! Let’s network jgvega408@gmail

Thanks for not being boring or stupid, although I don't like cats! (Sorry).

Can you dumb this down.... because I was so confused 😩😪

@allupinyobiz

5 жыл бұрын

Try watching this one: kzread.info/dash/bejne/mIufxKysY7uyotY.html I explain it a little differently. Hope that helps!

I pay myself in cat moms...

@allupinyobiz

6 жыл бұрын

We're priceless 😂😂

Reviews possible answer life jeverty

Not only smart, beautiful hot too :)

Wait...why would you *willingly* pay yourself a "bonus" taxed at 22%??? This makes ZERO sense to me... If you're a CPA reading this comment for some reason, feel free to tell me what I missed...

Wanna go on a date?