The step by step process of converting a for-profit LLC to a non-profit, including bank accounts.
4 years ago | 1
I have a LLC but dont have a rental property yet, but have business expenses. 1. Do you have to file a tax return ( and explain which tax forms to use), if you establish an LLC and have business expenses, but dont make any profits or don't do business yet? 2. Besides paying annual fees, What are the tax or general pros and cons to establishing a LLC that you don't use immediately? For instance, you create an LLC to create a business account, but you're putting money into the business account to save for a business endeavor you may have in the future. The person may not know what they want to do for a business yet, but want to save for the business using a business account. A teenager asked me that once, and I wasn't sure what to say 3. How soon after you establish an LLC can you get a house in your LLC's name? What are the business and tax challenges to doing that? 4. What's the Difference between personal credit repair and personal credit restoration? I've heard those terms recently! Can you do those with your business credit history if you business has debts? 5. When should you speak to your CPA or get a business attorney? How do you have them function as a team? 6. What should you look for in a CPA? When should you reach out to a CPA? What should you be discussing when you meet a CPA for the first time or when meeting them regularly (how often is "regularly")?
4 years ago
| 2
How do you keep employees productive/busy if you have busy seasons in the year and less busy time. Wanting to hire some help but worried not enough work. I know that with their help I will have more time to get more business. It’s a hamster wheel :)
4 years ago | 2
All of the taxes involved with hiring employees. I'm going to be hiring one or two people as employees soon, and I'm not sure how to go about it.
4 years ago | 1
do i have to use accounting software for my small sole prop business to use an accountant, or can I do my own bookkeeping and bring an accountant my books?
3 years ago | 0
Do I put my LLC in a trust? What are the advantages & disadvantages? Can I own multiple apartment buildings in a SERIES LLC & put the LLC in a holding company with other subsidiaries including a real estate brokerage, property management & green cleaning service company? Thank you in advance for your reply. I appreciate the information that you share on your channel.
4 years ago (edited) | 2
I have an LLC to invest in start ups and real estate ( through Groundfloor and Fundrise) What tax write offs am I eligible for? Also, what if I don’t make a profit for a couple of years? Thanks love the channel!
4 years ago | 2
What guidelines do you have for staying tax compliant for (U.S. citizen) small business owners who live and incorporate overseas.
4 years ago | 1
I need guidance for crypto taxes and how to keep Uncle Sam at bay from my sweet sweet gains.
4 years ago | 1
LYFE Accounting
Q&A Time!! Please comment and tell us what questions you may have about taxes, wealth, credits, business, etc...
We plan to answer as many as possible in our upcoming videos :)
4 years ago | [YT] | 35