Should You Create an LLC Holding Company?
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- Опубликовано: 23 июл 2024
- Should you create an LLC Holding Company aka an umbrella company? Well, the truth is... it may be exactly what you need. Learn how to create an LLC holding company, the reasons why you should consider it, and more.
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Now, what is an LLC holding company?”
Simply put, a holding company is a parent business entity. Also, a holding company can be referred to as an umbrella company. Same thing.
And you should know that even though we’re focusing on LLC holding companies today… a corporation can also be a parent company.
Video Outline:
Should You Create an LLC Holding Company? (0:00)
What is an LLC Holding Company? (1:24)
What Assets can an LLC Holding Company have? (2:20)
How can an LLC Holding Company be Financed? (4:30)
How can you use a Holding Company? (5:48)
Midway Summary (8:28)
Advantages of Umbrella LLC Companies (8:44)
Disadvantages of Umbrella LLC Companies (12:25)
Here are the steps on how to set up an LLC holding company: • How to Start a Holding...
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
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Here is the video on how to set up an LLC holding company, step-by-step: ruclips.net/video/Bd_11I4FY_U/видео.html
I do not have a Holding LLC YET but, I will have one soon. Thank you for the 411. Much appreciated!
How can I get in contact with you guys ?
I had to pay $25k to learn this information. But we have a family trust that owns the holding company for complete anonymity.
We also have a subsidiary LLC that hold all of our family vehicles, one for our family home, and separate ones for our fix and flips, rentals, and notes.
This was our first year running K-1s and taking bonus depreciation for 0 tax. Throw in a whole life policy and a CTR doing affordable housing and we will never pay tax again.
You know your stuff, keep at it.
Thank you for the wealth of knowledge in your comment!
Worth the screenshot lol
@@kesodabul no cap
I screenshot your post brother
I screenshot your post brother
I’d also like to see a video of you breaking down how to create a holding company. I’d also like to know how would the management work if it’s one person operating multiple subsidiaries by themselves?
Basically want to establish each llc. Build a great team move forward to the next. In the end have several LLcs profitable on their own merit but have a holding LLC primarily myself to determine, evaluate, oversee business progress from distance, adjust management or systems
I work with clients who have Holding Companies. This content is CRUCIAL!!! Please keep educating, it is very much appreciated!😁🥰
Very helpful video. I am reassessing and reestablishing my infrastructure as I have multiple LLCs being created. I needed this video!
Your video's are golden....perfect and not overly complicated.
Thank you for this valuable information! Yes please, more videos for LLC’s.
Wondering what are the tax benefits of having a holding company. Especially when it comes to owning real estate. Would the real estate "depreciation" also be deductible to the overall revenue of the holding company? Forgive my ignorance but my brain is just flowing with ideas but idk if they are true. Great video! I already watched the follow up video for this too.
I’m currently a sole proprietor, but think of moving to llc. Also realizing i want to split the two arms of mybusiness. I dont have much knowledge of business. Thank you for keeping it clear and simple!!
I want to thank you for specifying the LLC means. I have LLC but dont know what is it all about, I just thought of an opening a businees and that it. God Bless. more power.
Damn this was right in time! Great information as always!
I wish I needed this information today. LOVE this channel.
The fact that you are watching this now means you are setting up for future success. I see all the time when people don't plan enough and find themselves missing out on alot of great strategies
fantastic video, covers so many early questions...thank you!
My LLC is essentially a holding company, though I don't have "holdings" in my name. This information is wonderful - thank you!
Boutta binge your channel for the night, appreciate the info brotha
Excellent video! We are restructuring and using the holding company with child LLC’s for real estate. Thanks for teaching me how to use it.
Yes, we have a holding ompany in WI and acquiring diferrent companies in the Construction sector. So this video is a JEWEL!
great information...i just started the SHABAZZ L.A.B.S. LLL as a holding company in Florida and I learned a lot today...
Thanks....love the new generation of people who are helping others....and the people talking about it are mostly are...
Of course. Thanks for supporting the channel.
Needed this video bro. Love what yall are doing
Please keep these vids coming I’m super interested!!!!
Yes please keep making videos. I am learning a lot from you.
Thanks for sharing!!!! Was very informative. If you could make or have a video about converting an existing LLC to the umbrella/holding company, I would love to see that!!!!
I’m excited!!!! 🎉🎉🎉❤❤❤🔥🔥🔥🔥🔥🔥🔥🔥 forming a holding company right now! Thank you 🙏 for this information
Wow I'm not wasting my money on stacks after watching this video. Thanks bro
Yes I own an LLC & yes you should continue to make these videos
Downloaded this one!!! Beautiful blueprint!!!
Thank you for sharing your knowledge! I’m in the process of creating my LLC🥰
Love that. What type of business are you starting?
Yes make more on holding and LLCs. Great job. I subscribed.
Should be up next week! Thanks for supporting the channel.
Good card - I was also approved. Very simple process they don't check your credit nor do you have to PG. A day after applying the gentleman called and finished setting up my profile for $3K.
Your videos are the best on RUclips on the topic thank you so much.
I really appreciate that! Just curious, how many of our videos do you think you’ve watched?
Yes please make a video breaking down how to create a holding company ..appreciate your awesome information 👏
Hi. Yes, I have a LLC. Great info. THANKS!
Thanks for explaining this! Would definitely like more info on how to create an LLC holding company
Noted! Thanks for sharing :)
By far the best video I've seen thus far! Can you make a video of what types of accounts that should be opened for holding companies?
This has been by far the best explanation of a holding company video. Thank you
Thank you so much Denise, this made my day. I hope you are subscribed for more :-)
I've subscribed...
Great videos man
Not only do you present fantastic tax information, but you also teach the proper structure for a company to see success! Please forward your pricing for the organization, tax services and properly setting up our companies?
Got my Holding Company set up and preparing to start my WEB !!!
I like how yall be putting it fr
Great video! I would truly appreciate you making a video on how to create an LLV holding company. Also, should you create a holding company before, after, or at the same time as a subsidiary? Thanks!
very good explanation thank you
Great content. In the process of starting several LLCs, which are directed at residential/commercial properties. Exterior cleaning services, seal coating & drive way sealing, paving, etc. Have been thinking of another serperate LLC to do manage and consolidate the other LLCs. keeping any and all assets and liabilities seperate.
can we have an update
I had thoughts about doing something very similar to this, just didn't know what it was called. Thank you for your expertise! Please keep the LLC vids coming😊❤
Stay tuned!
Enjoyed your video and I would like to see you put together video on how to create a holding company and/or if one has an existing holding company ho to solidify it.
Much appreciated.
I own a LLC and this channel is great.
Thanks Lee!
Wow this is Informative for my business
Awesome video. Yes, make more of these🎉
This was fire thanks Boss
Great content !! Bring more !! Please !!!
More on the way! Thanks for supporting.
I started a holding company about 2 months ago. I’m 20 years old. Currently forming the first subsidiary and working on partnering a second subsidiary. I jumped in head first to this and learned quite a bit but there is still more to learn. Would you’re channel be able to create a guide specifically on the quarterly and annual tax requirements and how it would work for holding companies and it’s subsidiaries that may be partnerships? This would answer many tax questions that other people without holding companies would love to hear.
Hey Connor, you are on it. Congrats on everything. Just curious, what do your businesses do? I believe we have a video already on quarterly taxes, try searching "quarterly taxes lyfe accounting"
@@LYFEAccounting The first subsidiary is a "rage room" as it is commonly referred to as. I want to expand into marketing, real estate, and partnerships where I help other small business get started. I ponder many questions as I do my research but this channel has helped me answer quite a few of those questions but it seems like for every 1 question I get answered, 2 more pop up and I can never catch up.
@@connorkehoe5842 Haha,you're absolutely right. Me too. I always get questions in my head, never answers right away. Takes a lot of time & effort.
im kind if afraid to google rage room lol
This is an amazing video and channel
Thank you for this video very helpful
Awesome content thanks!!
Brother. What's the difference between the holding company vs a holding trust and which is a better choice when wanting to seperate yourself as a person from the everyday operations but just be a big decision maker like in a board situation?
This is great info. Keep going.
this is a great channel
This is a great comment 💯
Yes please continue with these type of advanced videos
Will do, Sophia.
Loved this video (and all your other ones too)! Been looking into how to set up a parent/child company system
Very informative video, please continue to make these types of videos.
More to come!
thank you.. i had alot of questions prior to watching this video. definitely decided against a holding company for now.
I'm only here bc I love his voice and the way he speaks.
Thanks for supporting Buffy.
I have a series LLC with other LLCs apart of it. I believe this is similar to what you’re talking about.
If you setup some of your LLC's as disregarded entities then you don't have to file a tax return. I have a management company that manages my holding company.
Great video thanks.
Great info, it was very fulfilling
I’m about to go over the whole video with my note book and translate it to a way I’ll remember.
I have a LLC and appreciate the info in how to set up a holding company
Awesome!!! Thank you for the vid
You bet!
A video on creating an LLC holding company would be awesome 👏
Coming soon!
Great stuff thank you
ive had my corporation at least two years. i just made that into a holding company and formed an LLC
Thanks mate
Great video
I was just thinking about this & then you put this AMAZING INFORMATIVE VIDEO up & it answered most of my questions!!!
Yes, I would like to know how to form one. I would also like to know if I can put my real estate properties in a series LLC under a holding company & how best to do this.
Again, thank you for amazing, informational, professional content!
GOD bless ALL of you!!!!
Yep! I have an LLC
I have an LLC and I'm in the process of creating another to be our trust. I hope I'm doing it right! I guess I'll find out!
Yes keep making this content bro!
Thanks! Will do
Yes I have an LLC from Utah
KEEP CREATING PLEASE!!
Yes, I do
We need that how to make an LLC Holding company video. ASAP. I need to get the ball rolling. I really appreciate you guys.
So glad to hear you are looking forward to it. Its in queue, hope to release it next week!
I dont currently have an LLC but I'm going to in the near future I'm just working on some designs for my product
Very helpful information.
Glad you liked it
Thanks
2:00 *PLEASE CLARIFY SOMETHING!!!!* The way it was explained to me is that the holding company just holds assets.
*For Example*
Joe's Plumbing PLLC forms Joe's Holdings LLC and then sells them every building, vehicle, every tool, every piece of office equipment and then LEASES these things back to Joe's Plumbing PLLC
Great info! I have business ideas that aren’t necessarily related, this seems like a great way to streamline and protect each entity. Thanks guys!!! ☺️☺️☺️☺️
Glad it was helpful!
Awesome 😎 thanks
Good job
I would like to see a video on how to create a holding LLC. Great video.
Hey Sierra, that video is actually out on the channel now :) Look for "How to Setup a Holding LLC Company in 2021 [Step-by-Step]"
great!
great video... do one benefit bout a trust owning on on top the holding company
Im a year late to the video but i have 2 llcs an thinkin of makin another one for a holding company of the 2 an get financing to get in motion these videos are very informative
Ouk... your the most excitingly boring person I've ever seen 😂😂😂😂 love ur videos ...very educational 👊🏻👊🏻
I have an s-Corp for one business and 2 Llc’s for my property co so far. I’m in Indiana and we are allowed master / umbrella Llc’s so I will most likely take advantage of that this year or early 2021. I’m looking at 3 property deals right now so it depends on how that goes. I just formed the second llc to own whichever property I end up with. One would be one property with 7 doors (4 residential and 3 commercial) and the other would be 36 condos with 72 doors (27 units would have to be developed).
Yes, please create a video on how to form a holding company LLC
The video is scheduled for Wednesday. Don't miss it :)
Yes
great info. I do have a holding company.
Yes I have multiple LLC's & been thinking about creating a building company however, not sure where to start
We got you, we're going to go deeper on this topic since people are enjoying it
Yes, we have a LLC & a Holding Company