Пікірлер

• 
  @ye2lowКүн бұрын

  Do you recommend an s-corp or an llc. I'm finding it hard to figure out the pros and cons

• 
  @LegalTipsForSmartEntrepreneursСағат бұрын

  You can be an LLC taxed as s-corp or corporation taxed as s-corp; it is only a tax designation. You may pay an overall less tax rate if you do an s-corp election, but there are higher administrative costs, namely tax preparation for s-corp and the requirement to pay yourself a reasonable salary on payroll. Consult a tax professional to help you forcast and decide. You don't need to decide right away, you can do the s-corp election in later years or terminate later if it's not right for you. See more: kzread.info/head/PL9ajmQenSazWKfqvcXc37r_RFj8PSS-w2&si=cRuoJVYa9hyI2Jy1

• 
  @TechInsightsAlex8 күн бұрын

  I’m reading through these comments and trying to figure this out. If I formed my LLC in November 2023, is my first franchise tax due before April 2025?

• 
  @kevinmartinez81099 күн бұрын

  So my Cali LLC was set up on July of 2023 so I won't have to pay fir 2023. But in 2024 my 800 fee is due on 4/15/24, correct?

• 
  @TheWattsSuperhero11 күн бұрын

  Thanks for the great example, it was exactly what I needed to see.

• 
  @LegalTipsForSmartEntrepreneurs11 күн бұрын

  Glad it helped.

• 
  @BEAUTYFUL1815 күн бұрын

  I WRITE MY OWN QUOTES AND POEMS,WANT TO KNOW HOW TO PROTECT MY OWN WORK BECUASE I WANT TO PUT MY WORDS ON SHIRTS AND OTHER THINGS. EVERYTHING I USE IS MY OWN WORK?

• 
  @LegalTipsForSmartEntrepreneurs14 күн бұрын

  Original creative works like poems are protected under copyright law. Slogan and words must be used as a source identifier of goods/services, not merely ornamental. For example, you would not be able to protect "Merry Christmas" for clothing if it is shown across the chest. Watch this video: kzread.info/dash/bejne/mp2Gr8uwda7ektY.htmlsi=uaS9WEfxaH8LvwNT

• 
  @thomasmatthew775917 күн бұрын

  I wasn't expecting a 47-second video to exactly answer the question I had. Great return per second lol

• 
  @LegalTipsForSmartEntrepreneurs17 күн бұрын

  Glad you liked it!

• 
  @unfocusedshow22 күн бұрын

  You cut your hair, dude!

• 
  @LegalTipsForSmartEntrepreneurs22 күн бұрын

  They made me! :)

• 
  @unfocusedshow21 күн бұрын

  @@LegalTipsForSmartEntrepreneurs LOL who “they”!? It’s perfect for summer!

• 
  @LegalTipsForSmartEntrepreneurs21 күн бұрын

  @@unfocusedshow The Illuminati and the Deepstate!

• 
  @JbohdanАй бұрын

  thank you

• 
  @LegalTipsForSmartEntrepreneursАй бұрын

  You're welcome

• 
  @TheAllEncompassingEyeАй бұрын

  So what if they were registered and then closed/withdrew their status, in WA state? Thanks.

• 
  @LegalTipsForSmartEntrepreneursАй бұрын

  Typically franchisor only has to be registered when they make the offering.

• 
  @TheAllEncompassingEyeАй бұрын

  @@LegalTipsForSmartEntrepreneurs thank you, so it doesn't matter if they don't keep it active after they issue a franchise license?

• 
  @LegalTipsForSmartEntrepreneursАй бұрын

  Generally not, but it is state by state issue.

• 
  @sawyerrescue530Ай бұрын

  What do I do if I’m a nonprofit

• 
  @LegalTipsForSmartEntrepreneursАй бұрын

  I believe this depends on your gross receipts.

• 
  @SuperSilence232 ай бұрын

  Asset protection in california

• 
  @LegalTipsForSmartEntrepreneurs2 ай бұрын

  That is a good idea

• 
  @carlosreyna72902 ай бұрын

  Are you still offering this service?

• 
  @LegalTipsForSmartEntrepreneurs2 ай бұрын

  Yes, we offer this service.

• 
  @Rowafaedits1942 ай бұрын

  CAN I edit your KZread VIDEOS?

• 
  @LegalTipsForSmartEntrepreneurs2 ай бұрын

  Sorry, not looking for editing services at this time.

• 
  @TumangTv.2 ай бұрын

  Thank you Dan, It is is FTB suspended how do you pay it to get unsuspended?

• 
  @LegalTipsForSmartEntrepreneurs2 ай бұрын

  You can pay online, but make sure you also file any past tax returns due, if any.

• 
  @TumangTv.2 ай бұрын

  @@LegalTipsForSmartEntrepreneurs what site do you go to the pay online and where can you find how many years your past due?

• 
  @LegalTipsForSmartEntrepreneurs2 ай бұрын

  @@TumangTv. www.ftb.ca.gov/pay/index.html you need to contact FTB to find out how many years past due you are.

• 
  @natoyaspace2 ай бұрын

  I don’t see where you offer your services do you have a website for that?

• 
  @LegalTipsForSmartEntrepreneurs2 ай бұрын

  www.caneilaw.com

• 
  @RichardRosales-wr2oo2 ай бұрын

  I formed my LLC 5/1/2023. I did not make any transactions. Is my first Tax Payment due 4/15/24?

• 
  @LegalTipsForSmartEntrepreneurs2 ай бұрын

  Yes, assuming your taxable year is the calendar year. See www.ftb.ca.gov/file/business/types/limited-liability-company/index.html/

• 
  @AllNightGames222 ай бұрын

  @@LegalTipsForSmartEntrepreneurs Thanks!

• 
  @roialnet2 ай бұрын

  I got my LLC filed last January 18, 2024, does it mean my due date for LLC Franchise Fee is April 15th, 2024? I paid it on FTB website directly using the Credit Card option but I don't recall filling up any form they call Form 3522. Is the Form stil necessary?

• 
  @LegalTipsForSmartEntrepreneurs2 ай бұрын

  Assuming your taxable year is Jan - Dec, then your annual franchise tax is due April 15 (on or before). Form 3522 is the paper form if you were to file by mail.

• 
  @roialnet2 ай бұрын

  I paid directly using the Credit Card option but I don't remember filling up any form called Form 3522. Is that form still necessary if I pay online directly?

• 
  @LegalTipsForSmartEntrepreneurs2 ай бұрын

  This form says do not use the form if you use webpay: www.ftb.ca.gov/forms/2022/2022-3522.pdf

• 
  @DiscreetChickens3 ай бұрын

  Is there a way to check if i have missed any years?

• 
  @LegalTipsForSmartEntrepreneurs2 ай бұрын

  You can inquire directly with FTB; try opening a FTB account online.

• 
  @orange.warehouse3 ай бұрын

  i have 3 LLCs. a holding LLC which owns 2 LLCs, each owning 1 rental property. I am buying a business that does $100K net annually. should i make the new business an LLC or an S-Corp? should that new business be owned; or can it be owned by my holding company? state is New York. thanks in advance

• 
  @orange.warehouse3 ай бұрын

  the business I am buying, i will also be working it 30 hrs a week so i can justify a salary.

• 
  @LegalTipsForSmartEntrepreneurs3 ай бұрын

  Generally you want each business in their own LLC. You can put it under the holding company if you want. You should probably discuss with your tax and accounting advisors also to make sure the structure is sound for your situation.

• 
  @donantiguo46693 ай бұрын

  do i have to pay tax fee for llc sales made in 2023 even the annual fee was waived? and pay april 15 2024 for the current year projected sales?

• 
  @LegalTipsForSmartEntrepreneurs3 ай бұрын

  Franchise tax is owed regardless of sales. However, if you formed a CA LLC during 2021, 2022, or 2023, the FIRST year annual FRANCHISE tax is waived. You are still responsible for the franchise tax in subsequent years. Franchise tax and income tax are different taxes owed.

• 
  @oscarescobar49243 ай бұрын

  ask. I made an LLC in September 2023, I must pay. the $800 this year 2024?

• 
  @LegalTipsForSmartEntrepreneurs3 ай бұрын

  you get the waiver for 2023, so you must pay this year 2024 and moving forward.

• 
  @oscarescobar49243 ай бұрын

  ask. I made an LLC in September 2023, I must pay. the $800 this year 2

• 
  @LegalTipsForSmartEntrepreneurs3 ай бұрын

  Yes.

• 
  @oscarescobar49243 ай бұрын

  ask. I made an LLC in September 2034, I must pay. the $800 this year 2024?

• 
  @LegalTipsForSmartEntrepreneurs3 ай бұрын

  Yes.

• 
  @TimothyMiller-zk4sq3 ай бұрын

  Timothy TM this name

• 
  @LegalTipsForSmartEntrepreneurs3 ай бұрын

  Close

• 
  @i.destiny3 ай бұрын

  Thank you!

• 
  @LegalTipsForSmartEntrepreneurs3 ай бұрын

  You’re welcome

• 
  @lseh47203 ай бұрын

  So for the 2023 tax year, if you filed for an LLC in August 2023, do you just type zero for the annual tax on the 2023 Form 568?

• 
  @LegalTipsForSmartEntrepreneurs3 ай бұрын

  Sorry I am not familiar with this form as I do not prepare tax forms.

• 
  @lseh47203 ай бұрын

  So how to mom and Pop landlords prepare for 568 when we don’t know for sure what our gross income will be, given, vacancies. I created an LLC in 2023, August so I know I don’t have to pay the $800 for 2023 but if I have to pay for 2020 for now, how do I fill out form 568 without knowing my gross income for certainty.

• 
  @LegalTipsForSmartEntrepreneurs3 ай бұрын

  Typically you file your taxes for the year prior and pay income tax on the prior year income, but when paying the franchise tax, you pay for the upcoming (or current) year. If you have trouble filing taxes, I would recommend that you reach out to a tax professional to help you.

• 
  @lseh47203 ай бұрын

  Thank you. 🙏

• 
  @LegalTipsForSmartEntrepreneurs3 ай бұрын

  You are so welcome

• 
  @dibaafz8223 ай бұрын

  can you help me to chang my logo just color please reply me here

• 
  @LegalTipsForSmartEntrepreneurs3 ай бұрын

  Color change will be difficult, if it is a material change and/or if color is a claimed feature of the mark. Please post your application serial number here.

• 
  @LegalTipsForSmartEntrepreneurs3 ай бұрын

  Watch the full video: kzread.info/dash/bejne/mJl9mrpsj7zUiJM.html

• 
  @michellewebb5344 ай бұрын

  Thank you🎉❤

• 
  @LegalTipsForSmartEntrepreneurs4 ай бұрын

  You’re welcome 😊

• 
  @GIQIR4 ай бұрын

  yea I need help i wanna know if my trademark was approve

• 
  @LegalTipsForSmartEntrepreneurs4 ай бұрын

  You should have gotten an email. Or just put your serial number in the trademark search to check the status.

• 
  @TailspinMedia5 ай бұрын

  i just created an LLC in california this month (Feb 2024). Does this mean I have to pay the $800 within 4 months? Or would i pay when I file my taxes next year (2025) for 2024 year annual tax filings?

• 
  @LegalTipsForSmartEntrepreneurs5 ай бұрын

  Within 4 months and 15 days of your LLC creation.

• 
  @You2UbeForTV6 ай бұрын

  I have an LLC. Is the Entity ID the same as EIN? I haven’t created an FTB account so EIN isn’t working as an entity ID when trying to pay the annual fee.

• 
  @LegalTipsForSmartEntrepreneurs6 ай бұрын

  No your entity ID number is the number issued to you by the California secretary of state. It will be on your articles of organization or on the secretary if state website under your LLC name. Your EIN is your employer identification number issued by the IRS. The EIN entity number are 2 different numbers.

• 
  @You2UbeForTV6 ай бұрын

  Please do a video showing how to create an FTB account for an LLC? 🙏

• 
  @You2UbeForTV6 ай бұрын

  Can you do a step by step how to create an account with FTB for an LLC. I really need help 👍 Please

• 
  @LegalTipsForSmartEntrepreneurs5 ай бұрын

  Until I can make one, here is a good start: www.ftb.ca.gov/myftb/create-an-account.html

• 
  @user-jh3uv4ph2p6 ай бұрын

  Hello Dan thanks for the video, very useful to us being new business owners. Our initial filing date was 1/21/23 and we only paid a fee for the State of Information. Just to make sure I got it right, we would have to pay $800 taxes on our 2023 filings? or 2024 filings? Once again, thank you.

• 
  @LegalTipsForSmartEntrepreneurs6 ай бұрын

  For CA LLCs formed in 2023, you get a first year franchise tax waiver under law AB 85. In 2024 you have to pay for your 2024 annual franchise tax.

• 
  @commasNculture6 ай бұрын

  Hello so I live with my father and 5 years ago he made a business decision to refinance his home through hard money. It’s a short term loan where none of the payment goes to the balance owed. This balance is now due. He doesn’t have the funds. What would you suggest? It’s currently in his LlC but I have an LLC as well. None of the bills are in my name and I work from home both a job and business

• 
  @LegalTipsForSmartEntrepreneurs6 ай бұрын

  Your father should talk to a bankruptcy attorney.

• 
  @brianpatrick99027 ай бұрын

  I formed several local in California over 20 years ago and never used them never sold a penny under the Lcc. How do I reinstate the Lcc in California?

• 
  @LegalTipsForSmartEntrepreneurs7 ай бұрын

  Most likely you'll have to pay all the back taxes plus penalties and file a statement of information.

• 
  @ultimateworkoutmania25697 ай бұрын

  Thank you for this amazing video! So informative. ..👏✅️✔️

• 
  @LegalTipsForSmartEntrepreneurs7 ай бұрын

  You're welcome 😊

• 
  @brendanmazetese46077 ай бұрын

  Thanks

• 
  @LegalTipsForSmartEntrepreneurs7 ай бұрын

  You're welcome

• 
  @seventhievestradingltd83967 ай бұрын

  Thank you. I’m coming up on the 2 year mark. So this info is quite handy. 😅

• 
  @LegalTipsForSmartEntrepreneurs7 ай бұрын

  You’re welcome

• 
  @cathytrull21237 ай бұрын

  That didn’t tell me exactly what to do

• 
  @LegalTipsForSmartEntrepreneurs7 ай бұрын

  If you are FTB suspended file and pay your back tax returns. If you are SOS suspended file a statement of information.

• 
  @ladychefette44868 ай бұрын

  Thank you so much. It all makes sense.❤️

• 
  @LegalTipsForSmartEntrepreneurs8 ай бұрын

  You're welcome :)

• 
  @ladychefette44868 ай бұрын

  Many thanks ❤️

• 
  @LegalTipsForSmartEntrepreneurs8 ай бұрын

  You're welcome :)

• 
  @alphonsoeiland31969 ай бұрын

  Only "privileged " taxes are due on an llc.

• 
  @LegalTipsForSmartEntrepreneurs9 ай бұрын

  Please elaborate 🤔

• 
  @godivanubian9959 ай бұрын

  I have a trademark that's pending currently "Intent to use" I'm in the process of making it to "In Use" I sell skincare products. I have 10 products I want listed under my mark, Do each of those 10 products have to be sold where I received a transaction or I can sell one of the ten items? Also what does it mean the first date use anywhere? Can I use the date had stickers, business cards, and flyers made?

• 
  @LegalTipsForSmartEntrepreneurs9 ай бұрын

  If all 10 products are skincare, and you applied for skincare, then you only need to sell one of the products to generally qualify for use in commerce. You cannot use stickers or business cards for the specimen, most likely you will need to show product packaging with the name or logo you are trying to trademark. See more here for dates of use: www.uspto.gov/trademarks/laws/dates-use-1

• 
  @LegalTipsForSmartEntrepreneurs9 ай бұрын

  Click this link to subscribe: www.youtube.com/@LegalTipsForSmartEntrepreneurs

• 
  @MarcusGuiliano10 ай бұрын

  He needs extra protection. And not because he is successful LOL

• 
  @LegalTipsForSmartEntrepreneurs10 ай бұрын

  🤷‍♂️