How To Pay Yourself As An LLC in 2022

Is this still relevant for 2024?

can I deposit my full-time paycheck into my LLC?

I did bot get it from the video clearly? How do you pay to yourself , do you write yourself paystubs and put you an w2? Which ways you did not really mention other than member draws or distrubutions

When you're a tax advisor AND a preacher

Anyone on here use BetterLegal? How have your results been?

Thank you for this knowledge!

Wait, the description says to book a consultation with karladennis... which is not Karlton Dennis (its own website), but Karla Dennis 😆 Do these two do the same thing?!

Thank you!

With a Roth IRA, the money you put in has already been taxed. You can withdraw your contributions tax-free and penalty-free. Plus, any investment earnings can also be withdrawn tax-free and penalty-free. Unsure about liquidating your stock portfolio? It's a big decision. Let's weigh the pros and cons together. I’m still at a crossroad deciding if to split my $300k portfolio btw 401k/IRA .

Can you do my taxes I just started by business in June and am learning

Aye better audio quality from the video a year before this. Hell yea on getting better.
Tbh I didn’t watch the old video because the audio but AYE im here now

What’s the minimum income a LLC should be making?

I’ve started to make money in music but not enough to live off of. I want to make an LLC for the protection. But I don’t know if the money I’m making ain’t enough.

So can I just transfer $$ from the business account to my personal checking account as "owners drop"? (I have a single member LLC)

Bro you are a super hero please keep up the excellent work

Can u have a business as an LLC and one as an s corp

❤

In one video I learned so much! Thank you for this knowledge and understanding the difference between llc and a-corp

Great video and extremely informative

THIS CONTENT IS GOLD!!!!!

Your not only a tax expert but an excellent mentor/educator, your information is so clear and easy to understand!

This was an amazing video. Very concise! Thank you!

I see the difference in tour videos when it comes to your background, lighting and your audio... I love the Elevation King

Ok I just established an EIN.. so this all I need to open business bank Acct? I have no money established yet..so I need free business email, phone, etc..help

I love how you reviewed everything last the end!!

What if u don't have partners but u are married. What do u do when it's time to file your taxes?

Excellent video thank you!

Does this apply to multi-member LLC?

You’re hired 😭 🙌🏼

Do you need an LLC if you're working a side hustle and expecting to earn less than $10,000?

So if you just getting started and not really generating as much cash flow at the moment (since you are just starting out) can you pay yourself?

So the LLC is paying 15.3% tax. When the owner takes some money, you are saying that he will not be taxed, right. Assuming that LLC avoids double taxation. Anyone please help me understand.

Your videoes are always an immense help to me. Thank you.

This is the content I’ve been looking for!! So simple & clear. I feel a bit more confident starting an LLC after this. Thank you🙏🏽

Question about your Better Legal link. What is the benefit of having a company setup my LLC for me vs. me saving some money and just filing myself with my state?

With the "Owners Draw", does the company write the check to the individual / owner? I was told that one can't just pull out money from the business account ATM and start using it freely. Please confirm or go into more detail. I love your videos and teaching style BTW. Very clear compared to most.

Exactly the information I was looking for! Thank you!

Man what a great channel. Thanks for the great videos.

I'd like to purchase real estate in Ohio, but I live in a southern state. Should I get the LLC in Ohio??

Well is using the owners draw as a small business owner is that a good idea?

Should you put on the check for owners draw If your depositing a business check into your personal account ?

Fast forward to the end to learn what’s in the title 🙄

I am genuinely so thankful for your videos! This is so informative. Thank you!

Hi. I have new a business LLC Sole Member and am funding my business right now via (member contribution) deposits to my LLC account through my personal account with a check. I would like to know if I could transfer funds electronically (same bank) from that same personal account as a (member contribution) and not break the vail. I ask because it would be much easier to indicate on the transfer of funds (member contribution) vs. having to go to the bank often. Thank you.

Imagine a creator who just gives you the information they promised 🙄

Subscribed. This was so informative. Thank you

So if i understand correctly, as an LLC if your business makes 100k profit after expenses you can pay yourself the whole 100k and only get taxed at 15.3%, what about federal and state after that?

What about a Keogh plan?

Can LLC'S receive the QBI deduction too?