How My Holding Company Works

All of my $ goes through my S-Corp.

It collects all of my earnings before paying me.

It also collects management fees from my other LLCs.

Holding company, management company, umbrella company, they are all the same.

Its about intentions and how you use it.

This setup makes sense when S-Corps make sense.

Don't put the cart before the horse.

I can teach you how to do this in my Accelerator!

Be good to future you!

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Hi! my name is Evan and I'm super stoked you want to learn more about me!

I show people how to build their businesses. I learn a skill, test it with my own companies and share it!

I got my start by selling CDs at 13 years old. I’ve worked as a fry cook, I’ve mowed lawns, built go-peds, managed restaurants, sold mortgages, worked in Hollywood, and sat at a desk. I’ve cold-called, done graphic design, pounded pavement, traded crypto, and worked on an ambulance.

I finally settled down and devoted my life to becoming a firefighter in my early 20’s. It took me 5 years of training, fire academies, and paramedic school to finally land that job.

I spent 8 years of my life answering 911 calls. Now I get to pursue my real passion, which is building businesses and educating.

My first successful company is called Scorch Marker.

I was building a commemorative plaque for the fire department in my woodshop and desperately wanted to burn our motto “together in, together out” into the wood. So I pulled out my wood-burning tool, plugged it into the wall, and screwed the whole thing up!

But my wife and I had found another way. We created a chemical solution that reacts with heat. We were inspired by YouTube creators! You apply the liquid to wood, apply heat, and the wood burns only where you drew! Pretty cool right? We invented the world’s first wood-burning marker – Scorch Marker.

Little did we know that this was the beginning of something big. We agreed to spend $500 of our savings to see if we could turn the idea into a product. 2 years later and we got into retail, became a bestseller on Amazon, created jobs, and made a lot of mistakes.

It’s the mistakes that are important. Those are the valuable, teachable moments that doers get to enjoy and learn from. They make you stronger.

Building, maintaining, scaling, running, or managing a business is not easy. But it can be done!

That's why I'm here. To teach what I've learned so you don't have to make the same mistakes that I did!

Can't wait to hear from you!

Evan

[DougPoker]

"Now, you give me your money, okay? That's called placement. This is the nail salon, right? I take your dirty money and I slip it into the salon's nice, clean cash flow. That's called layering. Final step: integration. The revenues from the salon go to the owner - that's you! Your filthy drug money has been transformed into nice, clean, taxable income."
--Saul Goodman

[Kamehaiku]

My Dad set up our locksmith business through s-corp. He said it was worth the extra work. Aloha

[BryanTorok]

Judge Learned Hand stated, in the Helvering v. Gregory case, that, "Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury, there is not even a patriotic duty to increase one's taxes."

[IMDANIELAUSTIN]

The rich class sees Tax Planning the working class sees Tax Avoidance. Go figure 😅

[jasminereed]

Be sure that your subsidiary company financial shows up in your financial statement of your holdings company. This could get you in trouble when it comes to auditing and such.

[Henry_Swanson]

Evan helped me avoid a false R charge by setting up an LLC. She was unable to pierce the corporate veil because it was the corporation that pierced her.

[mergenman]

Bruh it's sucha great video format. God bless you 🙏

[JesseDishner]

Most impressive part: pointing the opposite direction so your finger points to the right area on the whiteboard behind you.

[bughyom]

how do taxes work for holding companies? for example, if I am the member that manages X (a holding company) and X member manages Y (another holding company) and Y member manages Z ( an operating company) how would taxes work?

[wbaiey]

I'm loving it again and again thank you sir

[charliehustle]

(he saves a few bucks on payroll/self-employment taxes to the extent he can make distributions from the corp instead of salary, but it has to pay a "reasonable wage".)

[jfmillan]

so, to be correct the investment company who's is the parent to subsidiaries would be taxed as a s-Corp correct?

[T.W.PriceDesign]

Is there any particular benefit paying yourself a w-2 salary through the holding company itself, over employing yourself as a management company that manages your other llc’s under the holding company?

[morumaster]

In some countries its called "business splitting" and any tax benefits you get from siphoning profits off to a management, or storage, or transportation llc will be your damages payment))

[dpestlin]

With this structure, can you get paid by the holding company when all your work is being down for the subsidiary company?

[Rich-xgcg]

What he may not be aware of is that the IRS has the capability of “collapsing” the whole structure, and removing any tax benefits

[BM]

Won't the management fees be taxed in hands of the holding company before distribution is paid out? And the salary paid out will also be taxed in hands of the beneficiary? Would like to hear your view, thanks.

[P.o_interest]

Thank you for this information. Could you some assistance and I hope this message finds you well I started a company 5 years ago I am trying to see if it'll be possible to restructure it as a holding company LLC instead of a selling product company?

[Nanos_fx]

Yes but the money you earn from that subsidiary has to pay taxes before sending it to the holding company? I'm I right?

[kbxnigk]

What's the difference between LLC and just working as 1099? Taxes still get paid, and I still pay myself.