I hired ADP to do my payroll, for a monthly pay schedule it's 70$ + your pay, you do it all online and submit, they also pay the taxes that get withheld for you. It's looking easy so far
This video was so informative and straight to the point. You gave me so much more clarity in 8 min, than a 1 hr video I watched. I cant thank you enough for this info.
You have my side hurting 🤣🤣 “you can tell they are business owners because they are carrying briefcases and are thinking about money.” 😂. Funny and informative. I love it!💜
180 Law Co. LLC Aiden great video. Now, how hard is it to switch from an LLC to an S-Corp? I just formed a single member LLC last week and after watching this i def don’t want to pay all those taxes so how can would i go about switching?
Thank you for sharing this information. It is helpful to small business owners who are new to business rules and regulations. I have an S Corp and I was unsure about paying myself, but this video answered my question. What you are doing is a blessing!
Hallelujah! This was the simplest and most delightful video I've seen on the subject. I've spent too much time reading dry articles, I wish I had come straight here!
This is an amazing explanation. You are truly a lifeline for all of us newbie business owners trying to merge successfully into the business game. THANK YOU!
The graphics were priceless!!!😹 Thank you for your transparency! If in the first few months is just paying to set up your business, how would you handle documenting salary/distribution in your files?
I created an LLC (single member) and I’m about to start my business with in a week and this question was troubling to me: How do I pay myself in a single member LLC? Well thanks to you I absolutely appreciate your explanation! Extremely helpful video! Thank you so much!
This lady is awesome. I am just starting my own real estate business and I'm in the process of getting my L.L.C. Thank you so much for these vids. Very helpful.
Thank you, I have friends in Denver area and will pass your info on to them. I feel like I am stealing from you because of the knowledge you share and the way it is presented! I wish you success!!!
Hi There Aiden, greetings from Arizona! Saw your video today in an effort to prep myself for a llc class I am taking, needless to say it was an awesome ice breaker/ introduction for me! Thanks for sharing!
OMG, you are truly a blessing and for sharing sure amazing knowledge to use newbies!!! Thank you for breaking down how the whole business entity , taxes, LLC, S-Corp works! Thank YOU!
Your video series helped me understand the process of running my single member LLC and taught me more than reading 2 books I bought. Great work Aiden and I hope you are doing great in your practice.
OMG! Incredible resource! I'm Liking and Subscribing to all your stuff. I am uber thankful for your time spend helping us get educated. After watching 1 video I "Like" any video I watch BEFORE even watching it. Your stuff absolutely rocks! Thanks also for the extra editing you do, the quality lighting, perfect volume, You are a true professional. Karma will find you out. You will reap from these videos, I know it.
I really thank you for this information, you were very clear and precise along with being very specific about how you can use the LLC. and then you gave an example how you use your LLC account which was very very helpful.
I just figured out why people don't take me seriously as a real business person...I don't have a briefcase. Great vid, still useful in 2020 and super entertaining.
There were things I did not know when creating my own LLC. Your videos provided me with very valuable information. I just want to say your are doing an amazing job with this RUclips Channel, and thanks for your help/advice!!!
1) When you're filling out form 2553 do you use your home address or the mailing address for the company. We don't have a physical address for the company, but we do have a mailing address for the company ? 2) Where it says in Part 1,B date incorporated. Do you put the date your LLC started if you're not a corporation?
This was so helpful! Thank you for being so concise and to the point 👌 and for shelling out the money for those amazing graphics 😆 really though, visuals always help me learn. Thanks again!
Mrs. Kramer, Your video answered so many questions that I had! Very informative and not to mention the awesome graphics. Thank you for taking the time to share information like this for free, it really helps people like me that are in the process of starting up a new LLC. Have a great day!!
First, thank you for the info. second, I love your graphics. They charged you a lot of dough because the graphics are simple yet convey the idea very effectively. The question is, it's my company, why does the government care how I run my biz? Why shouldn't I take money to buy anything I like. What business or their is it if I go out of business? Why do they care if I fail and re-start the business 200 times? I really want to be able to use my money any way I like.
Thank you, Aiden! I love that you are sharing your knowledge openly and willing to help others in their business efforts. You have already assisted me in your videos and I'd love to ask you a couple questions. I have just formed my own in-home single-member LLC focusing on personal training and fitness education. As far as I can tell I have every legal area covered except for how to handle taxes. Could you provide insight on what a business in my position needs to do to get started and keep track of taxes throughout the year? Do you think someone who is new to taxes can learn to do it all on their own or would hiring a tax consultant or accountant be inevitable?
It's probably best to at least consult with an accountant and a bookkeeper in the beginning. They should be able to provide you with some basic information & guidance that might help you do it yourself. But it can still be overwhelming and very time consuming. If you've used programs like TurboTax to do your own taxes before, it is not too difficult to do it as a single member LLC since all the income is taxed as your personal income anyway. It's just an additional schedule that you file with your tax return. But you should be somewhat familiar with taxes so you know what you can & cannot deduct. So while it is certainly possible to do it yourself, it might be easier & smarter to just hand it over to a professional. Save yourself the stress and time! Thanks for watching and for the great question!
I'm here in colorado just starting a cleaning biz. Thankyou so much for your kind helpful words of advice. Theres so many laws younger folk dont learn in school etc. Real easy .... just thanks so much for your time
Thank you for making this video. You explain things well. I appreciate that you break things down in simple terms. Your graphics are amazing. You should give your graphic designers a raise.
I came here to learn about my LLC, wasn't expecting to fall in love with your personality. 😍 But really, very informative and helped confirm what I already knew!
Thank you so much for all of your insightful information, I'm so glad that i found you and I really appreciate all of your help with the tips, ideas and information. I have a question, are you planning to do any videos on paying state taxes, who has to pay, when and ho?. I live in NJ and just started an LLC, and was wondering what are your thoughts about the subject? I really would appreciate it.
Great video Aiden, I have one question, crossing my fingers you answer. I work full time for a company and will be starting an online business. I don't want to claim extra income into my personal taxes, would an LLC S-Corp be my best bet? Thanks...
If you are a single member LLC, and your business grosses $300,000, when you apply for a loan such as a mortgage, and the bank request your tax return, does it appear that you have a $300,000 salary to the bank?
Sub'd. Found you by searching 'paying yourself in LLC'. I just applied for mine and it will be a single member, non S-corp like yourself. Good vid, you explained it well & are easy on the eyes. :) thx
I just started an LLC as a sole proprietor. If I decide not to pay myself do I still pay self employment tax? I'm funding the startup but don't want to mix money with my personal bank account.
Yes, unfortunately. An LLC is considered a "disregarded entity" which means that the profits are taxed as income to the member, even if the member does not take any distributions.
OMG... You are so freaking funny and super cute!!! I'm sitting on the edge of my seat waiting for these super high end graphics and what you held up just brought tears to my eyes from laughter. Great job and thank you for your advice.
If it is your first year in business it would be hard to estimate quarterly payments. By your second year, I would definitely pay quarterly tax payments just to avoid any attention from the tax man.
@@mikenotta7079 what if you're seasonal. for example,: i host 2 events 1 in january, another in july...6 months apart. how would i file quarterly taxes in this scenario?
Question... if I form an single member LLC and I elect not to be taxed as a S-corp am I able to switch in a few years and elect to be taxed as a S-corp?
Actually no benefit in leaving it as LLC. No brainier to just file form 2553 and make s-Corp selection to irs. However only us residents can elect as sub Corp.
Awesome!! Now I just have to start making enough money to justify being an LLC S-Corp, :-) Btw, that was hilarious about the drawing when you said you can tell they are business owners because of the briefcases and they are thinking about money, LOL
LMFAO! "You know they are business owners because they have briefcases and are thinking about money." I so want to give you a high five for properly addressing that issue! I've watched 4 probably will watch more Thank you for your time. My biz is in Property investments (flipping) Does your practice offer consultation for problem resolutions that may need an opinion from legal counsel but maybe not representation? As you can imagine, everybody lies to me about title/property taxes...
You have an INCREDIBLE way of explaining things... Thank you so much for sharing your knowledge and helping me. I learned more from this video than I have all the other videos I’ve watched.
Thank you so much for sharing this information! Your video was so informative. I feel like I really learned something. I am glad I held off on registering and opted to learn more instead.
You’re so funny to me! Lol.. I really enjoy watching your videos. I’m about to start my business soon. And need some good content like yours before I start the LLC process. Thanks 😊
I always imagined, should I ever start a YT channel, I'd have 'state of the art' graphics as well, so when you pulled out the graphics I was pleasantly surprised. I'll have to watch the SCorp v LLC video because they still confuse me.
You are absolutely amazing and a true GODSEND!!! Thank you so much for every minute you've invested in explaining such a daunting topic in such an easy to understand way. I pray that life blesses you as much as you are blessing everybody with your valuable time.
girlllll.... i like the normal people talk and killer graphics. but seriously thank you for this non 'super serious' explanation. this helps.
but seriously, what forms do i need to fill out on either the biz or personal end?
I hired ADP to do my payroll, for a monthly pay schedule it's 70$ + your pay, you do it all online and submit, they also pay the taxes that get withheld for you.
It's looking easy so far
This video was so informative and straight to the point. You gave me so much more clarity in 8 min, than a 1 hr video I watched. I cant thank you enough for this info.
I am SO happy to hear that 🥰 You’re welcome, and thank you for watching!
OMG!! I died laughing when you held that picture up!!
I know right!!😆😅🤣😂
@@miekam9675 Same! I wil say...it's so much easier learning from graphics, even if they are stick figures with briefcases!
You have my side hurting 🤣🤣 “you can tell they are business owners because they are carrying briefcases and are thinking about money.” 😂. Funny and informative. I love it!💜
8 minute video saved me a semester in college ;) thank you
And it costs much less a semester's tuition! :-)
HAHAHAHAHAHA!! NICE!
Yes great video, love the sense of humor added.
for real. fuck school
180 Law Co. LLC Aiden great video. Now, how hard is it to switch from an LLC to an S-Corp? I just formed a single member LLC last week and after watching this i def don’t want to pay all those taxes so how can would i go about switching?
Thank you for sharing this information. It is helpful to small business owners who are new to business rules and regulations. I have an S Corp and I was unsure about paying myself, but this video answered my question. What you are doing is a blessing!
Hallelujah! This was the simplest and most delightful video I've seen on the subject. I've spent too much time reading dry articles, I wish I had come straight here!
Amazing. I love to hear that!! 🥰 Thank you
I have watched several videos on this and your video is the only one that really breaks everything down in simple terms. Thanks
This is an amazing explanation. You are truly a lifeline for all of us newbie business owners trying to merge successfully into the business game. THANK YOU!
The graphics were priceless!!!😹 Thank you for your transparency! If in the first few months is just paying to set up your business, how would you handle documenting salary/distribution in your files?
I created an LLC (single member) and I’m about to start my business with in a week and this question was troubling to me: How do I pay myself in a single member LLC?
Well thanks to you I absolutely appreciate your explanation! Extremely helpful video! Thank you so much!
This lady is awesome. I am just starting my own real estate business and I'm in the process of getting my L.L.C. Thank you so much for these vids. Very helpful.
Thank you, I have friends in Denver area and will pass your info on to them. I feel like I am stealing from you because of the knowledge you share and the way it is presented! I wish you success!!!
It's not stealing if I am giving it away! :-) Thank you so much for watching!
Great advice. You really have a very fresh approach to your videos. They keep the viewer engaged .
Hi There Aiden, greetings from Arizona! Saw your video today in an effort to prep myself for a llc class I am taking, needless to say it was an awesome ice breaker/ introduction for me! Thanks for sharing!
OMG, you are truly a blessing and for sharing sure amazing knowledge to use newbies!!! Thank you for breaking down how the whole business entity , taxes, LLC, S-Corp works! Thank YOU!
You explain like a teacher...in a very simple manner no complexation...method...💖💖💖💖💖💖💖💖💖💖💖💖
Your video series helped me understand the process of running my single member LLC and taught me more than reading 2 books I bought. Great work Aiden and I hope you are doing great in your practice.
"You can tell they're business owners cause they're carrying brief cases and they're thinking about money"
lmao Subscribed!
OMG! Incredible resource! I'm Liking and Subscribing to all your stuff. I am uber thankful for your time spend helping us get educated. After watching 1 video I "Like" any video I watch BEFORE even watching it. Your stuff absolutely rocks! Thanks also for the extra editing you do, the quality lighting, perfect volume, You are a true professional. Karma will find you out. You will reap from these videos, I know it.
I really thank you for this information, you were very clear and precise along with being very specific about how you can use the LLC. and then you gave an example how you use your LLC account which was very very helpful.
Thanks so much for watching and for the kind words. So glad to hear you found it helpful!
I agree
I just figured out why people don't take me seriously as a real business person...I don't have a briefcase. Great vid, still useful in 2020 and super entertaining.
Boom! 😂 Thanks for watching!
We're gonna have to have a talk with the company that did those graphics...
JasenStl I think they are over charging me... :-)
+The Law Office of Aiden H. Kramer, LLC hello i have a question can i have multiple business under one llc
nets1984 within one llc umbrella you can run multiple business as DBA.
LOL
The graphic design really helped me to understand better😩😂😂 A+
lmao wow you fooled me...I was literally prepared to witness some amazing graphics.
Alex Charles lol me too that was hilarious
Alex Charles
We must have watched different versions of this video. Those graphics were amazing!
Maybe she should have done it topless
I joined because I appreciate the information, you're down to earth, and freakin' funny! I look forward to learning more from you!!
"You can tell they're business owners because they're carrying briefcases and thinking about money." HAHAHA this was gold!
There were things I did not know when creating my own LLC. Your videos provided me with very valuable information. I just want to say your are doing an amazing job with this RUclips Channel, and thanks for your help/advice!!!
1) When you're filling out form 2553 do you use your home address or the mailing address for the company. We don't have a physical address for the company, but we do have a mailing address for the company ?
2) Where it says in Part 1,B date incorporated. Do you put the date your LLC started if you're not a corporation?
You are a LIFE SAVER!! Simplistic and easy to understand. I love the "High End" graphics as well. Lol.
Aiden Love
haha "you can tell they're business owner because they're carrying briefcases and they're thinking about money"
Just like I can tell a welfare baby by the color of its skin, right?
That alone made me like the video
@@pantherplatform .. Yup 😂 black and brown= welfare babies
@Rollo Larson &
Panther Platform .. the HECK do welfare babies have to do with business people holding briefcases!!? knock it off, people
Oh, OK! I'll sign up for some college courses tonight, so that I can see this thread clearly.
This was FANTASTIC!!! Thank you for this video, and may money flow your way in abundance!
This was so helpful! Thank you for being so concise and to the point 👌 and for shelling out the money for those amazing graphics 😆 really though, visuals always help me learn. Thanks again!
Mrs. Kramer, Your video answered so many questions that I had! Very informative and not to mention the awesome graphics. Thank you for taking the time to share information like this for free, it really helps people like me that are in the process of starting up a new LLC.
Have a great day!!
This is good stuff, how do I know? The Attorney did not bill me for this video.
this saved us all $250
THAT'S funny!
Thank you for being transparent and tell us that you are a single member llc and why you decided not to elect being taxed as an s corp
You've cracked me up a few times. Well done!
OMGGGGG I am so happy I found you, so funny and clear when explaining all this extremely complicated and boring stuff.
I love this video. Lol thank you so much for this super clear information with lovely graphics
Great video, the graphics were very comprehensive and you were great at explaining this issue. You are a great help, thanks.
When she was talking about the graphics.. Internally I was saying.."oh please let it be stick figures" that was just awesome.. made my day
thank you for actually explaining what YOU do for paying yourself out... that was so helpful.
I just stumbled upon this and find your videos to be very helpful!
Please never change the graphics company!! Great video as always!
Holy crap, this video was so informative. Keep it up. You got yourself a new sub.
First, thank you for the info. second, I love your graphics. They charged you a lot of dough because the graphics are simple yet convey the idea very effectively. The question is, it's my company, why does the government care how I run my biz? Why shouldn't I take money to buy anything I like. What business or their is it if I go out of business? Why do they care if I fail and re-start the business 200 times? I really want to be able to use my money any way I like.
You can use the money however you like as long as you pay taxes! That's really all they care about.
Thank you, Aiden! I love that you are sharing your knowledge openly and willing to help others in their business efforts. You have already assisted me in your videos and I'd love to ask you a couple questions. I have just formed my own in-home single-member LLC focusing on personal training and fitness education. As far as I can tell I have every legal area covered except for how to handle taxes. Could you provide insight on what a business in my position needs to do to get started and keep track of taxes throughout the year? Do you think someone who is new to taxes can learn to do it all on their own or would hiring a tax consultant or accountant be inevitable?
It's probably best to at least consult with an accountant and a bookkeeper in the beginning. They should be able to provide you with some basic information & guidance that might help you do it yourself. But it can still be overwhelming and very time consuming. If you've used programs like TurboTax to do your own taxes before, it is not too difficult to do it as a single member LLC since all the income is taxed as your personal income anyway. It's just an additional schedule that you file with your tax return. But you should be somewhat familiar with taxes so you know what you can & cannot deduct. So while it is certainly possible to do it yourself, it might be easier & smarter to just hand it over to a professional. Save yourself the stress and time! Thanks for watching and for the great question!
I'm here in colorado just starting a cleaning biz. Thankyou so much for your kind helpful words of advice. Theres so many laws younger folk dont learn in school etc. Real easy .... just thanks so much for your time
Waits to appreciate expensive graphics: ya know what? 😂😂😂 (you’re great!)
The most helpful lawyer I have ever met. Thank you for all your help. you have cleared up things so much for me. Please keep the videos coming.
Joseph Franzo I think I'll put "most helpful lawyer ever" on my business cards :-) Thank you so much for watching!
Hahaha! Gorgeous, mega-smart and has a sense of humor too. Wow! Love these videos. Thanks.
So glad to hear it. Thanks so much for watching and for the comment!
Thank you for making this video. You explain things well. I appreciate that you break things down in simple terms. Your graphics are amazing. You should give your graphic designers a raise.
Great information. Thanks for sharing!! :)
I came here to learn about my LLC, wasn't expecting to fall in love with your personality. 😍 But really, very informative and helped confirm what I already knew!
Daniel Davis aye aye captain smh lol
This is still helpful in November 2019. Lol. Thanks!
This was the BEST explanation I have yet to see regarding LLC's...Thanks!
Thank you so much for all of your insightful information, I'm so glad that i found you and I really appreciate all of your help with the tips, ideas and information. I have a question, are you planning to do any videos on paying state taxes, who has to pay, when and ho?. I live in NJ and just started an LLC, and was wondering what are your thoughts about the subject? I really would appreciate it.
Thank you! You saved me money and time. Now I know I should start out as a LLC first. I do not need a S-Corp until I make enough cash flow to do so.
What's the contact information for that graphic design company? Impeccable work!
The best source of information I've seen in business related ideas, and free. Also, amazing graphics.
I really appreciate your knowledge and transparency! Thank you very much!
I'm a VISUAL LEARNER, and I think you are one brilliant VISUAL TEACHER! 'couldn't thank you enough! haha
Great video Aiden, I have one question, crossing my fingers you answer. I work full time for a company and will be starting an online business. I don't want to claim extra income into my personal taxes, would an LLC S-Corp be my best bet? Thanks...
I just subscribed because you break it down so easily & you have a sense of humour.
Ok when you pay yourself where to place this in the form schedule c?
Yes girl, wine and shoes are necessities!! Great info and great graphics😊
I think we can all agree on that one. 😊 Thanks so much!
If you are a single member LLC, and your business grosses $300,000, when you apply for a loan such as a mortgage, and the bank request your tax return, does it appear that you have a $300,000 salary to the bank?
+Jodie Wilson, IANAL or anything but I would guess that the answer is "no." The $300K isn't a "salary", it would be "income".
I just ran across this. Nobody seems to know (laywers think they know, but won't tell me without paying them first)
No, your income is whatever you pay yourself. I highly doubt you paid yourself all 300,000, so that would not be considered your income.
Sub'd. Found you by searching 'paying yourself in LLC'. I just applied for mine and it will be a single member, non S-corp like yourself. Good vid, you explained it well & are easy on the eyes. :)
thx
I just started an LLC as a sole proprietor. If I decide not to pay myself do I still pay self employment tax? I'm funding the startup but don't want to mix money with my personal bank account.
Yes, unfortunately. An LLC is considered a "disregarded entity" which means that the profits are taxed as income to the member, even if the member does not take any distributions.
Unless of course you can show a bunch of business related expenses and avoid paying taxes on the full amount XD
It's 2022 and your videos have been helping me start my LLC! Thank you !
lol wine, great video, thanks!
Aiden...this is great information and the graphics are excellent. Money well spent on that.
hows the weeed there! oh yea great vid
+GAINGREEN33 ha! I don't partake but I've heard rumors that it's pretty good. Thanks so much for watching!
OMG... You are so freaking funny and super cute!!! I'm sitting on the edge of my seat waiting for these super high end graphics and what you held up just brought tears to my eyes from laughter. Great job and thank you for your advice.
As a single member LLC, should I pay taxes quarterly or once at the beginning of year? Is it up to me? Thanks
If it is your first year in business it would be hard to estimate quarterly payments. By your second year, I would definitely pay quarterly tax payments just to avoid any attention from the tax man.
@@mikenotta7079 what if you're seasonal. for example,: i host 2 events 1 in january, another in july...6 months apart. how would i file quarterly taxes in this scenario?
Aiden you're a blessing.Thank you. I appreciate your "unique" sense of humor.
I figured I should comment since the "comment total" is at 666. Great video, btw. My attorney charges me $800 every time I look at him.
Thanks for making that so easy to follow especially with your high -end graphics department working tirelessly on the visuals. Appreciate that ;D
Question... if I form an single member LLC and I elect not to be taxed as a S-corp am I able to switch in a few years and elect to be taxed as a S-corp?
Yes you can.
Actually no benefit in leaving it as LLC. No brainier to just file form 2553 and make s-Corp selection to irs. However only us residents can elect as sub Corp.
Thank you for this video. I formed my agency as an LLC but haven’t quite explained the differences. Again, thank you for explaining the differences.
Ummmm, You're ridiculously adorable and super helpful!
Thanks for This
do ppl in other countries have to go thru all these shenanigans? lol I just wanna make money man sheesh lol
P B I’m no business guru but I think it’s possible to dislike both red tape and illegitimate businesses.
you are amazing! im so stubborn when it comes to asking for help about these things and you explain everything with ease :D thanks girl!
I see you arent wearing a ring, can we get some coffee one of these days?
+TheManFromTheMoon I appreciate the invitation, but I will have to kindly decline. But thanks for watching! :-)
Thanks for answering, somehow I felt you would. I really appreciate the videos! They have helped me a lot :3
+TheManFromTheMoon dude is the thing at the end of ur sentence a penis or What...?
***** oh! is that so? no wonder all the girls reject u creep, sorry ass...lmfo
*talking like that.
you know it was funny ;)
Love how you explain things, and your high resolution graphics 👍🏼
Awesome!! Now I just have to start making enough money to justify being an LLC S-Corp, :-) Btw, that was hilarious about the drawing when you said you can tell they are business owners because of the briefcases and they are thinking about money, LOL
Ok
LMFAO! "You know they are business owners because they have briefcases and are thinking about money." I so want to give you a high five for properly addressing that issue! I've watched 4 probably will watch more Thank you for your time. My biz is in Property investments (flipping) Does your practice offer consultation for problem resolutions that may need an opinion from legal counsel but maybe not representation? As you can imagine, everybody lies to me about title/property taxes...
Thank you. I like the trip, wine, and all the other good stuff that comes too. Thanks for being so plain and clear with your explanation. Blessings
You have an INCREDIBLE way of explaining things... Thank you so much for sharing your knowledge and helping me. I learned more from this video than I have all the other videos I’ve watched.
That’s amazing. So glad to hear that!! Thanks so much for watching!
Great video. Love your humor and your graphics are great! Thanks for sharing.
Thank you so much for sharing this information! Your video was so informative. I feel like I really learned something. I am glad I held off on registering and opted to learn more instead.
Fantastic graphic and explanation :) and what a lovely lady! This video give me exactly the info I'm looking for, thanks a lot!
You’re so funny to me! Lol.. I really enjoy watching your videos. I’m about to start my business soon. And need some good content like yours before I start the LLC process. Thanks 😊
I always imagined, should I ever start a YT channel, I'd have 'state of the art' graphics as well, so when you pulled out the graphics I was pleasantly surprised.
I'll have to watch the SCorp v LLC video because they still confuse me.
Lmao meanwhile i was totally waiting for the expensive graphic designer illustration 😂 good one!
Your video was very helpful with the rules concerning single-member LLC distributions. Thank you.
Thank you very much for answering all these questions that I did actually have . Great graphics Aiden !
very easy to learn from.. like the way you explain and make things simple to understand
You are absolutely amazing and a true GODSEND!!! Thank you so much for every minute you've invested in explaining such a daunting topic in such an easy to understand way. I pray that life blesses you as much as you are blessing everybody with your valuable time.