Truth About LLCs, Taxes and S-Corps
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- Опубликовано: 12 сен 2024
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Hi! My name is Evan, I'm a business owner and entrepreneur that loves to help previous versions of myself. I started an accelerator that has helped thousands of people start their businesses. To learn more about me and what I can do to help you, check out vanader.com or click the link above!
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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 RUclips 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
Vanader.com
the only youtuber who actually knows how to explain stuff and make it so simple for people! thank you!
thank you for watching my friend!
Honestly top tier information
You mentioned- for the left over profits that are passed on to us(self), that needs to pay income tax? This income tax is from which state you live in,correct? So example- California 12% income tax. Meaning you pay payroll tax of 15% on the small amount of money, then 12% income tax on your profits pay to self. Please let me know if i have this correct or not.
Great video man! Anyway we can schedule a zoom call and I can pay for your time? I'm really confused on how to do my taxes this year and it would be very helpful if ai could pick your brain. Thank you so much bro
All of my students get face time with me! I also think that my accelerator would help greatly. It’s made for people like us :) you can also Dm me on ig
What is more or less the cost of having the CPA and everything else to make sure that everything is good and tight so that you don't get int trouble? For example if I have 1099 full time employment paying me $50 an hour which compared to w2 job is maybe like a $40 an hour job, would I really profit after having to spend all that money on tax professionals; healthcare insurance, etc? Is it worth it going through that hassle?
What is the difference between c-corp vs. s-corp?
Awesome video!!
Great video as always
So with my LLC I haven't hit the threshold of $50k a year in profits to make the switch to an S-Corp. Is there a reason why you say that 50K is the time to make the change?
$50k a year is when it makes financial sense. That’s the trigger point for you to save money by making the swap
Awesome video
So stay at llc for a year then switch to s corp? But what if i have a side job & want to hire a worker? Do i get the s corp when i first file it (new to this) ?
Bro, I love u ♥