How to Get Money Out of Your Company
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- Опубликовано: 5 фев 2025
- The ways to legally get money out of a company. More information at www.legalees.co...
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i love this man... i have bought some of his materials...and have used them for my property business... his free videos are invaluable..
The liars I'm mean lawyers, your a hoot. Love the videos, education with humor. Bring us more PLS!
CLASSIC!!! lol "Liars, I mean... lawyers!!" 😁😁
Love it!
Sorry to be so off topic but does anyone know of a trick to log back into an instagram account..?
I was stupid forgot my password. I would appreciate any help you can give me
Oh how I wish you could have been my Attorney. You would not believe my story. But finding an attorney that's trustworthy and competent is difficult these days. You make so much sense, you make the attorney's out here look really ignorant. Just being honest, my exp. with attorneys has been horrible!! Love your knowledge and how you explain you keep it so simple.
Omg! Finally someone who really understands the n variables. Thank you.
You're welcome!
I've purchased all of your products...life changing!!! Thank you for your service 😊
I really like your Mr. Lees, great video, nobody else explain this as you do. Thanks.
Another great, informative, easy to understand video and entertaining delivery. Thanks
Keep them videos coming
Im so grateful for your videos! Keep them coming sir!!
Dividends versus Distributions!
Section C or S?
Pro-Rata or Amateur-Rata?
Royalties or Passive Income?
It's all here in less than a few minutes. Audits take so long to learn, and create such a demoralizing learning atmosphere.
Spectacular substance.
Thanks, Jay.
Thanks for sharing! Helped me a lot
Thank you for the business education information.
I started my first business 6 years ago and considering my first acquisition. I have recently realized that all of my write-offs will lead to an undervaluing of my current business potentially limiting the amount I can leverage in this upcoming acquisition. Do you think this is true Lee or will the lender be primarily interested in the acquired companies financials? I think it might be wise to pull back the expenses when implementing an exit strategy. New to the channel and love your work so far Lee. Thanks.
I don't know much about acquisitions. Maybe you could teach me.
Thank you for the information. Curious to know if someone who is in the entertainment business or an industry where the focus is on physical appearance can write off cosmetic procedures as a business expense?
I suppose you could write it off. My guess isn’t going to hold any weight with the IRS. Is it “ordinary” and “necessary” for your profession? It may be for the entertainment industry. If it extends your ability to keep going longer, I would say it was necessary. It is ordinary for entertainment folks to get plastic surgery and stuff, so go ahead and deduct it. The most an auditor can do is disallow the deduction, and you pay the back tax. You only go to jail for a “substantial under reporting of income.” Report every dime and deduct every possible expense. My Advanced Tax Tactics will help you cut your tax bill substantially, and explain what the IRS wants to see. (legalees.com/advancedtaxtactics/)
@@Legaleescorp thank you for taking the time to reply... much appreciated🙂
I buy all my dress clothes on the company dime. Slacks watches what have you and log then as either a sales expense or uniforms... not sure if that's okay but I'll find out if I ever get audited. Thoughts Lee?
Good advice, Thank you!
Thanks lee
GREAT VIDEO BRETHREN!
PEACE, POWER AND PROSPERITY BROTHER!
Thank u very good xplain
Great video, thank you!
Where you have those events sir?
We have been doing them online during COVID (there is a Tax Summit this summer and a Virtual Boot Camp in the fall), but hope to resume Boot Camps in person soon. Usually they have been held in Salt Lake City, Utah or Orlando, Florida. See legalees.com/product/tax-summit/ and legalees.com/product/boot-camp/
You're awesome. Great videos!
If you have a schedule c company I’d be way more careful going crazy with the expenses, they get audited far more often, like 60x more than S corps
You are correct a Schedule C can be audited a lot more often than a partnership or a Subchapter S entity (LLC or corporation).
Excellent info!!
I thought you couldn’t write off much on a single member llc
A single member LLC can be taxed as a disregarded entity using a Schedule C or Schedule E attached to your 1040 or it can be taxed under Subchapter S or Chapter C of the IRS Code. The tax write offs are applicable to the code section that the tax is calculated using. In all cases you get a fair number of write offs compared to an individual with a W2 income only.
Do you sell an e-book or have a guide for Small Business Tax Advice??
Check out my Advanced Tax Tactics at www.legalees.com/advancedtaxtactics/
Very, good info.
Great channel. Thank You
the gold is at 4:29
Thanks!
can you do both a salary and a distribution?
That depends upon how the company is taxed. Assuming a Subchapter S taxation applied to a corporation or LLC, the owner has to take a “reasonable salary” and the rest of the “profit” can be paid out as a distribution. If the company is taxed as a partnership or sole proprietorship, then all of the money must be paid or at least recognized as personal earned income (salary).
the liar the lawyer lol
I was cracking up when he said that😃😃
How can I talk to you?
Call my office at 801-802-9020
How does one go about being selected as one of the 12?
You can register at www.legalees.com/order/product-info.php?pid109.html
I like this guy teach me more mater😁
How can we hire you to help my company
Call our office at 801-802-9020 to see if there is something we do that would work for you.
LegaLees Thanks for responding I will make time to call thanks ag5
Inwould like to attend your events would you please email me with info?
Thank you Sir!
Send an email to info@legalees.com and we will add you to our mailing list.
"That saved you 16%"... Stop sweet talking me!!!
Xoxo
You're dope!!
🤣🤣🤣
This guy is hilarious
I wasn't actually expecting my profit from Austin today.too good to be true but I just earn from Austin platform.
Smart man if only he understood what he's talking about
Thanks lee