How To Pay Yourself In An LLC With Karlton Dennis

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Thank you so much for having me on Mark! Looking forward to more collaborations and helping taxpayers save money!

karltondennis
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Thank you for including a dollar amount at which to switch from an LLC to an s-corp.

$40, 000 to $50, 000 of profit and knowing that it's going to cost a few thousand dollars was valuable information, thank you

ProofOfWorkFitness
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I’m a w-2 wage earner and ran everything out of one bank account until I learned to do business differently. I didn’t learn this in college. It should have been introduced in high school. Now I can share with others as far as what info to look in to. I don’t want other business owners to be ill-informed as I was.

TawnishTV
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Novo Bank, Relay and QuickBooks all have "profit first" systems to allow you to set percentages for the income to be divided up upon deposit. It's really a game changer.

SpaPartyCentral
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The dynamic duo, very powerful. Do more of these diverse collaborations. Brilliant.

gloriamitchell
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I simply stood up my S-Corp and hired ACP for $20 a month and they did everything for 10 years. Including W-2’s, quarterly taxes, paperwork with the state, etc

wango
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Great content!! These two are a force to be reckoned with!
Karlton just shines every time he opens his mouth, and Mark dishes out gold on the legal side!
Thanks to you both! Waiting for more from you two!

HealthFlexor
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Two of my favorite financial tax advisors together...More of this please! Much appreciation to both of your efforts in helping people make better decisions. 🙏

jameswiggs
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Loved it. My two favorite tax experts. So glad you guys joined forces like Voltron. Keep dropping knowledge bombs!

TruSkoob
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All I can say is that I was supercharged,
watching this chapter of your show!

You all should do a series of them. Thank you in advance.

LGDavis-xnni
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Thank you for simplifying LLC and scorp and how to 0ay yourself. Thank you Mark and Carlton. You really simplified how it works!

iankingston
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Statement of Information in California is super easy to complete online. It costs $25. Do it yourself annually.

j.jessup
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I have watched both of you individually a great deal and I was so surprised to see you come together. I loved it!

lyleanderson
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I have been needing this information for three years!! Thank you gentlemen!

LisaSpeaksTruth
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I advise my clients on this same thing when it comes to Bookkeeping. Take the time to understand the nitty gritty before handing it over to someone else. If there is a material misstatement or overcharge, the bookkeeper might miss it, but if you understand your business numbers, you will catch it.

wholesomenesstv
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Wow! Thanks for explaining LLCs and S corp. I’ve read about LLCs and never understood S-corp. This was so informative and helpful!! So grateful that there are knowledgeable people helping others with their business! I’m so Grateful!

GodsChildrenOnEarth
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Great info, you guys are a great tag team. I'm a first year LLC businesses owner and needing to hear this. Thank you

GaryB
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I’m thinking of start my LLC this year(2024) and this is soo help full!! Thank you guys!!

hjwotxb
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Thank you for this information. I have been requesting this information for one year going into my second year---without answers. Thank you Karlton and Mark --- I feel Empowered! Thanks.

ILM
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Dynamic duo. Both of you have helped me save money with my youtube channel the last two years. Thanks!

ZillaFullBoost