How To Pay Yourself In An LLC With Karlton Dennis

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  • Опубликовано: 1 июн 2023
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Комментарии • 454

  • @karltondennis
    @karltondennis Год назад +187

    Thank you so much for having me on Mark! Looking forward to more collaborations and helping taxpayers save money!

    • @julienaudet9782
      @julienaudet9782 Год назад +9

      I was shocked to see you all together...........I have followed Mark for a few years and found Karlton about a year ago. Love both. Mark gives a lot more info, but Karlton is good social media guy.

    • @accountantreviews7002
      @accountantreviews7002 6 месяцев назад +6

      Thank You so much to you both for helping us understand better on how things work. You both are amazing.

    • @mr.vip317
      @mr.vip317 6 месяцев назад +3

      I love this episode.

    • @victorhinderman2479
      @victorhinderman2479 5 месяцев назад +3

      Two of the best "Mad Tax Scientists"

    • @DrDre.
      @DrDre. 5 месяцев назад +2

      How can I join Karlton Firm as a client. I didn't see a link for him in the description

  • @ProofOfWorkFitness
    @ProofOfWorkFitness 4 месяца назад +40

    Thank you for including a dollar amount at which to switch from an LLC to an s-corp.
    $40,000 to $50,000 of profit and knowing that it's going to cost a few thousand dollars was valuable information, thank you

  • @baldwinjyotsna
    @baldwinjyotsna Месяц назад +266

    Just watched your video discussing AMS120X and I am very excited about this

  • @oneidaqxlh
    @oneidaqxlh Месяц назад +317

    What do you think sets AMS120X apart from other projects? It seems to be dominating discussions lately

    • @disbjman
      @disbjman Месяц назад

      No it doesnt

  • @LGDavis-xn6ni
    @LGDavis-xn6ni Месяц назад +2

    All I can say is that I was supercharged,
    watching this chapter of your show!
    You all should do a series of them. Thank you in advance.

  • @lisejohnson28
    @lisejohnson28 Месяц назад +202

    Thanks for sharing PEPE and AMS120X. 💯

  • @wango556
    @wango556 Месяц назад +4

    I simply stood up my S-Corp and hired ACP for $20 a month and they did everything for 10 years. Including W-2’s, quarterly taxes, paperwork with the state, etc

    • @dahliapurvey9498
      @dahliapurvey9498 26 дней назад +1

      Were did you hire a CPA for $20 per month
      I am in the state of New Jersey

    • @anxhelamusta5651
      @anxhelamusta5651 12 часов назад

      What is an ACP ?

  • @TawnishTV
    @TawnishTV 7 месяцев назад +42

    I’m a w-2 wage earner and ran everything out of one bank account until I learned to do business differently. I didn’t learn this in college. It should have been introduced in high school. Now I can share with others as far as what info to look in to. I don’t want other business owners to be ill-informed as I was.

    • @christopheroberry2500
      @christopheroberry2500 Месяц назад +1

      This was very informative. Keep up the good work and it's great advertising for the both of you ! I will definitely get deep into me bookkeeping and be in touch !!!

  • @SpaPartyCentral
    @SpaPartyCentral Год назад +32

    Novo Bank, Relay and QuickBooks all have "profit first" systems to allow you to set percentages for the income to be divided up upon deposit. It's really a game changer.

    • @hotfeva9843
      @hotfeva9843 5 месяцев назад +1

      Which would you recommend overall?

    • @eiba6528
      @eiba6528 4 месяца назад +1

      How this work?

    • @T20timez
      @T20timez Месяц назад

      How does quickbooks work?

  • @teralecole316
    @teralecole316 Год назад

    Ooh yes! My 2 favs YT’s. The combo I very much needed.

  • @gloriamitchell3518
    @gloriamitchell3518 9 месяцев назад +12

    The dynamic duo, very powerful. Do more of these diverse collaborations. Brilliant.

  • @rb1614
    @rb1614 6 месяцев назад +2

    Love the tag team! Thank you for clarity and consistency

  • @jStanf0rd
    @jStanf0rd Год назад +3

    Awesome information shared here and greatly appreciate you both teaming up. Hope you two do many more in the very near future!

  • @TruSkoob
    @TruSkoob Год назад +43

    Loved it. My two favorite tax experts. So glad you guys joined forces like Voltron. Keep dropping knowledge bombs!

  • @lpy0106
    @lpy0106 4 месяца назад +9

    I have been needing this information for three years!! Thank you gentlemen!

  • @lyleanderson9615
    @lyleanderson9615 Год назад +8

    I have watched both of you individually a great deal and I was so surprised to see you come together. I loved it!

  • @Jay-es3vm
    @Jay-es3vm Год назад +2

    I have watched you both separately. It was great seeing you together! Great info and advice.

  • @tammybooth5279
    @tammybooth5279 5 месяцев назад +3

    You guys are absolutely wonderful! Thank You so much for the taking the time to patiently teach everyone how taxes work. Slowly becoming less complicated topic for me. ❤

  • @ZillaFullBoost
    @ZillaFullBoost Год назад +6

    Dynamic duo. Both of you have helped me save money with my youtube channel the last two years. Thanks!

  • @Sofia..x
    @Sofia..x 5 месяцев назад

    what a great collaboration! wisdom and experience from Mark & new insights & flare from Karlton -- i agree, mindset is key!

  • @GodsChildrenOnEarth
    @GodsChildrenOnEarth 3 месяца назад +1

    Wow! Thanks for explaining LLCs and S corp. I’ve read about LLCs and never understood S-corp. This was so informative and helpful!! So grateful that there are knowledgeable people helping others with their business! I’m so Grateful!

  • @DrClarenceBrownIII
    @DrClarenceBrownIII 4 месяца назад

    You both are absolute GEMS! Thank you so much for sharing this priceless information!

  • @psdavis70
    @psdavis70 Год назад +7

    YOO I listen to both of these guys. Bless

  • @mikeschwendeman4403
    @mikeschwendeman4403 6 месяцев назад +3

    Your explanation of this subject is super easy to understand. Thank you fellas🤙😎

  • @ICSolutionsCO
    @ICSolutionsCO Месяц назад +1

    Totally love when people are honest. Yes people, it is cost money to keep money.

  • @iankingston196
    @iankingston196 Год назад +11

    Thank you for simplifying LLC and scorp and how to 0ay yourself. Thank you Mark and Carlton. You really simplified how it works!

  • @jameswiggs9655
    @jameswiggs9655 10 месяцев назад +11

    Two of my favorite financial tax advisors together...More of this please! Much appreciation to both of your efforts in helping people make better decisions. 🙏

  • @SeeItHere
    @SeeItHere Год назад +4

    Perfect combo!

  • @GaryB33
    @GaryB33 5 месяцев назад +4

    Great info, you guys are a great tag team. I'm a first year LLC businesses owner and needing to hear this. Thank you

  • @blakealewelt9768
    @blakealewelt9768 4 месяца назад +1

    Y’all are amazing, please make more videos! Have already learned so much!

  • @scottmeyer8255
    @scottmeyer8255 10 месяцев назад +3

    Loved this. I started following both of you as I started looking into buying a business, and I have learned so much from both of you. You two make a great team and flow very well together.

  • @jbontregor6717
    @jbontregor6717 7 месяцев назад +3

    This was a very enlightening interview. I’m really happy you guys could get together. You should do this more often. Thank you.

  • @deezel365
    @deezel365 19 дней назад +1

    Gentlemen, this is very very informative; thank you so much for sharing all these important information. Please do more of these.
    Thank you again, so much.

  • @iramcc409
    @iramcc409 Год назад +5

    This was a great video! You guys did an excellent job. I hope to see you two collaborate more often. Thanks!

  • @NextLevelKatyTx
    @NextLevelKatyTx 2 месяца назад +1

    I love this. Please continue this collaboration. This page has helped me as a business banker to understand and give my business owners things to talk to their CPA'S about

  • @janiscustomizedbusinesssol2649
    @janiscustomizedbusinesssol2649 18 дней назад +1

    Great collaboration! We’d definitely love to see more!

  • @kendrake-nz7vf
    @kendrake-nz7vf 4 месяца назад

    Both you guys give great commentary and advice. Would love to see you both on future videos.

  • @timotaneous3300
    @timotaneous3300 5 месяцев назад

    Sweet analogies throughout the whole hour. Enjoyed the tag team very much.

  • @HealthFlexor2728
    @HealthFlexor2728 Год назад +25

    Great content!! These two are a force to be reckoned with!
    Karlton just shines every time he opens his mouth, and Mark dishes out gold on the legal side!
    Thanks to you both! Waiting for more from you two!

  • @alexissuazo3122
    @alexissuazo3122 7 месяцев назад

    Thanks for sharing this information. It very informative and helpful for a small company owner.

  • @sealspable
    @sealspable Месяц назад +2

    I thought of Carlton when I listened to Mark for the first time, and here they are. I couldn't have asked for better collaboration.

  • @Divine1Right
    @Divine1Right 11 месяцев назад +1

    Subscribed. Thanks for keeping it real Mark.

  • @chriss2352
    @chriss2352 Год назад

    Two of my favorite tax RUclipsrs. Love it

  • @Coast_to_Coast
    @Coast_to_Coast Год назад +2

    Love this. You guys are both rockstars!

  • @ILM2219
    @ILM2219 6 месяцев назад +5

    Thank you for this information. I have been requesting this information for one year going into my second year---without answers. Thank you Karlton and Mark --- I feel Empowered! Thanks.

  • @SheltonTammy
    @SheltonTammy Месяц назад +1

    Absolutely loving it! Great info.

  • @mrmedic2012
    @mrmedic2012 4 месяца назад +2

    This was absolutely AWESOME! I'm in the planning stages of my first business and this information was invaluable! Thank you both! Subscribed!

  • @apisaiyaranamua
    @apisaiyaranamua Месяц назад

    This is good thank you looking forward to the next one ...

  • @EBMB21
    @EBMB21 6 месяцев назад

    Loving Carlton! He’s amazing and very inspiring.
    Thanks to both!!
    Happy 2024!🎉🎉🎉🎉

  • @ricardojames1670
    @ricardojames1670 Год назад +2

    My 2 favorite tax people! So much game giving.🐐🐐

  • @alyssiak.
    @alyssiak. 5 месяцев назад

    This was super super helpful!! Great questions and such helpful suggestions.

  • @adaywithasinglemom
    @adaywithasinglemom Месяц назад

    You two are amazing,thank you

  • @kyledecorrevont9102
    @kyledecorrevont9102 Месяц назад +1

    A must read is Profit First to learn how to allocate revenue within your business.

  • @tyronebullock7864
    @tyronebullock7864 Месяц назад

    Loved the information. I could use a referred S Corp organizer. Ty.

  • @Armenhanmer
    @Armenhanmer Год назад +2

    My two favorite youtubers. I can't beliueve you guys did a collab!!!

  • @bizsetup8275
    @bizsetup8275 9 месяцев назад

    It's a great idea to hear different takes from two different backgrounds. Great session!

  • @Ezmoneyash
    @Ezmoneyash 11 дней назад +1

    All very knowledgeable individuals. Keep this going!!!😊

  • @j.jessup8023
    @j.jessup8023 5 месяцев назад +5

    Statement of Information in California is super easy to complete online. It costs $25. Do it yourself annually.

  • @Mymeours
    @Mymeours 11 месяцев назад +1

    Please do more of these! Thank you ☀️☀️

  • @loucinci3922
    @loucinci3922 4 месяца назад

    WOW! Great info. super dialog. Very informative. Thanks for sharing

  • @keithhowes5692
    @keithhowes5692 7 месяцев назад

    Loving this! Have a consultation next week with Karltons team and I can’t wait.

  • @user-er3xf5pu6g
    @user-er3xf5pu6g 11 месяцев назад +4

    MOST DEFINITELY do this many times again in the future! (Both Mark and Karlton) FANTASTIC information, gives me a road map for the future :)

  • @shellielindley1183
    @shellielindley1183 8 месяцев назад +2

    MY TO FAV GURU'S ON STAGE TOGETHER! AWESOME

  • @julietravis6451
    @julietravis6451 7 месяцев назад +2

    This is so good. I love listening to both of you. I’m going to do quarterly payroll. Advised by Mark’s firm. It made the most sense for my situation. Before speaking to the attorney, I was thinking backwards.

  • @nyreemagdamit4987
    @nyreemagdamit4987 8 месяцев назад

    Thank you both great duo.

  • @living2ezze917
    @living2ezze917 11 месяцев назад

    Loving it! More is good. Tag team it baby!

  • @ICP-Crusader
    @ICP-Crusader Месяц назад +1

    Outstanding! Keep up the tag team 👊

  • @Vic_RE_Investor
    @Vic_RE_Investor Год назад

    This was great! Had to watch it twice. 👏👍

  • @wholesomenesstv
    @wholesomenesstv Год назад +3

    Omg!! My two favorite people ❤

  • @ELIMindfulInvestor
    @ELIMindfulInvestor Год назад +2

    Thank you two.

  • @valariethomas2334
    @valariethomas2334 5 месяцев назад

    Dynamic Duo! You guys are awesome!

  • @robertperez6801
    @robertperez6801 4 месяца назад

    You guys are the best, I love digging into the nuggets you dole out, keep up the great work!

  • @Peaceandprofit2024
    @Peaceandprofit2024 Месяц назад

    Awesome information, you two bring great value together!

  • @psdavis70
    @psdavis70 Год назад

    More collaborations please and thank you!!!!

  • @maisis.2139
    @maisis.2139 Год назад

    Thank you for sharing the info.

  • @dawnturner5206
    @dawnturner5206 21 день назад

    I'm brand new to the idea of an LLC, thanks for making most of this quite easy to understand.

  • @diane8784
    @diane8784 4 месяца назад

    Still loving this Tag team Mark & Karlton👍👍👍.... I had finish watching your video day #2. It's all good!

  • @lindas.6082
    @lindas.6082 2 месяца назад

    What an amazing collaboration! I enjoyed this and wish I would have known sooner about you two! The breakdown of all this is simple and easy to understand!

  • @changclifton786
    @changclifton786 2 месяца назад

    Great team! i am starting out, and this info is golden! Thank you both!

  • @tiadowe
    @tiadowe 2 месяца назад

    I have been learning from Karlton and I really like you guys together!

  • @loonietoon98
    @loonietoon98 Месяц назад +1

    Hey you just Got a new subscriber, been following K.D. for some time now and have learned much from him and continue to learn. Seen some of your short but never followed but um here now. Looking forward to learning more with both of you. Really appreciate the knowledge 👊🏾

  • @wwjessed420
    @wwjessed420 Месяц назад

    First time viewer, very helpful and informative. I think i understand the scorp and ill be ready soon. thank you!

  • @user-ui1zz6fi6f
    @user-ui1zz6fi6f 4 месяца назад

    Thank you so much for all the incredible information!

  • @reonwatching
    @reonwatching 8 месяцев назад

    Great job guys, very informative and a good easy-to-understand format. You make a good team, 2X synergy for the viewer/client.

  • @jjones503
    @jjones503 5 месяцев назад

    This was a great video. Some real gold nuggets here.

  • @DirectRemedy360
    @DirectRemedy360 2 месяца назад

    You two are amazing, thank you, thank you!!

  • @user-hj6wo9tx9b
    @user-hj6wo9tx9b 5 месяцев назад +3

    I’m thinking of start my LLC this year(2024) and this is soo help full!! Thank you guys!!

  • @styleislife9135
    @styleislife9135 4 месяца назад

    You guys NEED to do this more often!!! YES🔥🔥🔥✅️✅️

  • @JavierMcIntosh
    @JavierMcIntosh Месяц назад

    Great video. Very entertaining and informational

  • @sreykimsear
    @sreykimsear 6 месяцев назад

    I absolutely love this. I learned so much.

  • @cavonteanderson5183
    @cavonteanderson5183 3 месяца назад

    Awesome video, you guys. Please keep them coming. 🙏 ✌🏾

  • @DonnellFaulcon
    @DonnellFaulcon 2 месяца назад +1

    Thanks to you both. Awesome.

  • @user-xu8li2kd5d
    @user-xu8li2kd5d 6 месяцев назад +1

    This is fire. Life altering for us who are pursuing freedom.

  • @florieybanez8448
    @florieybanez8448 Год назад +1

    YES!!! LOVE IT!

  • @BP-BABL
    @BP-BABL Год назад

    Love the collab.

  • @ICSolutionsCO
    @ICSolutionsCO Месяц назад

    You gentlemen are awesome!

  • @jimbutts4085
    @jimbutts4085 5 месяцев назад

    Love this video. Learned a lot!

  • @user-ts3tz9bm5v
    @user-ts3tz9bm5v 2 месяца назад

    Love this, definitely want to see more!

  • @ga-prowashllc12.5
    @ga-prowashllc12.5 Год назад

    I agree, We are a woman own professional exterior cleaning company. I have set up 5 different Frank counts in one of them. Back accounts is for my taxes. Every draw that we get from our customers. We take off the top and put it into a bank account. And the other 4 bank accounts are for future maintenance and. The majority of the fun is for the business. And I got this idea from the book profit. First great book, thank you guys for sharing. Just found yells channel in looking further to subscribing.❤❤❤❤❤

  • @thinji81
    @thinji81 2 месяца назад

    love it love it love it! Just subscribed to both of you guys and looking forward to more informative content