1. Set up separate bank account 2. Track all expenses using a bookkeeping system to categorize expenses 3. Learn sales, marketing and copyrighting class to keep business a float and protect your brand
This is like talking to someone who is about to die and they are about to tell you something very important - "The secret to life is. . . . is . . . " and then they die unfortunately I didn't catch it in time.🤣
I wanted to hear the reason why we should take sales, marketing and copywriting classes but you were cut off mid-sentence. Would you kindly tell us the rest of that sentence?
Because merely having an LLC isn’t going to make you money. You need to know how to make sales, ways to market your business, and how to communicate with your audience. You don’t have to be an expert at any of those things but at minimum you should learn the basics as those skills are what will help you generate revenue, earn profit, and grow your business. I hope that answers your question :)
I HAVE QUESTIONS!!: I'm researching laws and regulations around creating an LLC as a day trader and qualifying for trader status on my taxes (I use cash accounts, no margin). I'm married; is there any way to open an LLC as a trader, with my spouse as a member of the LLC, without affecting all the great deduction benefits of having trader status and protection from wash sales? Also, I'm aware that including my spouse on an LLC would turn it into a multi-member LLC, thus taking away its title as a "disregarded entity" (and going from a 1099-b to a 1065 and a K-1 from each of us when filing taxes); would that affect the method in which I'm supposed to pay myself from my trading profits? Or better yet: Can I even add my wife to an LLC with trader status on it???? Is that possible? I just want her to benefit from the business side of the world too.
![How To Pay Yourself As an LLC [Follow this or lose money]](http://i.ytimg.com/vi/5USA99XXV9g/mqdefault.jpg)
![How To Pay Yourself As an LLC [Follow this or lose money]](/img/tr.png)
1. Set up separate bank account
2. Track all expenses using a bookkeeping system to categorize expenses
3. Learn sales, marketing and copyrighting class to keep business a float and protect your brand
Thank you for your comment. Very much appreciated:) 🌟🧡🌟
This video was cut short but...I love your content❣️. Thanx for the value added content. ✊🏽✌🏽
Cut off at best part
This is like talking to someone who is about to die and they are about to tell you something very important - "The secret to life is. . . . is . . . " and then they die unfortunately I didn't catch it in time.🤣
Thank you!!!!!
Well, damn!! What happened to step 3??🤣🤣 1 and 2 I definitely did.
You were stopped at “mid - sentence “ . However, great advice for starting an “ LLC”. Thank you 🌟🧡🌟
Facts!
I wanted to hear the reason why we should take sales, marketing and copywriting classes but you were cut off mid-sentence. Would you kindly tell us the rest of that sentence?
Because merely having an LLC isn’t going to make you money. You need to know how to make sales, ways to market your business, and how to communicate with your audience. You don’t have to be an expert at any of those things but at minimum you should learn the basics as those skills are what will help you generate revenue, earn profit, and grow your business. I hope that answers your question :)
Great
What type of profits
Where’s the rest of the video
Ok
I HAVE QUESTIONS!!: I'm researching laws and regulations around creating an LLC as a day trader and qualifying for trader status on my taxes (I use cash accounts, no margin). I'm married; is there any way to open an LLC as a trader, with my spouse as a member of the LLC, without affecting all the great deduction benefits of having trader status and protection from wash sales? Also, I'm aware that including my spouse on an LLC would turn it into a multi-member LLC, thus taking away its title as a "disregarded entity" (and going from a 1099-b to a 1065 and a K-1 from each of us when filing taxes); would that affect the method in which I'm supposed to pay myself from my trading profits? Or better yet: Can I even add my wife to an LLC with trader status on it???? Is that possible? I just want her to benefit from the business side of the world too.