Coffee with Carl
Coffee with Carl
  • 189
  • 282 025
California Franchise Tax: LLC vs Statutory Trust
Do you want to dive deeper into this topic and talk to someone on my team? Schedule your free consultation now.
👉 aba.link/vil
Welcome back to another episode of "Coffee With Carl"! In this episode, we dive deep into the often-overlooked aspects of the California Franchise Tax, specifically focusing on LLC fees and the benefits of statutory trusts.
Key Points:
LLC Fees in California: We often hear about the base $800 franchise tax, but the costs increase significantly with higher revenue levels. Learn about the fee tiers and what they mean for your business.
Misconceptions and Clarifications: Many articles and opinions on the internet can be misleading. We debunk common myths and provide clarity on the true costs associated with LLCs and statutory trusts in California.
Statutory Trusts as an Alternative: Discover why Anderson Advisors recommends statutory trusts for clients looking to minimize franchise tax burdens. We explain the flexibility in how these trusts can be taxed, similar to LLCs.
👍 If you found this video helpful, please like, subscribe, and share it with a friend. Your support helps us continue to provide valuable content.
-------------------------------------------------------------------------------------------------------------------
Learn how to become anonymous AND appear as if you own nothing at our Free Tax & Asset Protection Workshop 👉 aba.link/417a2a
Carl Zoellner, Esq. is a senior attorney at Anderson Business Advisors who specializes in strategic planning for business owners with a focus on asset protection and tax planning. Carl speaks across the country to educate small business owners on the tools available for their investments from legal and tax perspectives.
***** Discover Upcoming Events where and learn about the latest Tax, Real Estate, and Stock Strategies 👉 aba.link/allevents
👉👉SUBSCRIBE to Coffee with Carl
aba.link/carlsub
VISIT Anderson Business Advisors for solid financial strategies, tips, articles and workshops to help you grow and prosper.
Call: 800.706.4741
Email: info@AndersonAdvisors.com
Website: AndersonAdvisors.com
Facebook: AndersonBusinessAdvisors/
Twitter: ChooseABA
Instagram: andersonadvisors
LinkedIn: www.linkedin.com/company/anderson-advisors
Blog: andersonadvisors.com/blog
About Anderson Advisors
Anderson Advisors is a business planning and asset preservation consulting firm that provides high-quality services, education and resources to high-networth individuals, families, trusts, real estate investors, stock traders and business owners.
Serving clients since 1997, Anderson Advisors is growing at a phenomenal rate and we owe this success to our people, services and clients.
Disclaimer
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#franchisetax #coffeewithcarl #llc #californiafranchisetax
Переглядів: 201

Відео

What Should I Expect For Maintaining My Entity?
Переглядів 1394 місяці тому
Welcome to another insightful episode of "Coffee with Carl"! In today's episode, we're exploring a topic that generates a lot of curiosity and questions-the costs associated with setting up and maintaining business entities. *~ Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and a clear investment strategy 👉 aba.link/v7f Topics Covered: Initial Setup Cost...
How Are My Foreign Investments Taxed?
Переглядів 1004 місяці тому
Today, we're tackling a frequently asked question: How are my foreign investments taxed? Taxation of foreign income can be complex, and the answer often depends on various factors. In this episode, we'll explore how to effectively manage the taxation of your foreign investments. For most cases, routing foreign income through a domestic C corporation can be beneficial due to its 21% flat tax rat...
How To Plan and Structure Your Foreign Investments
Переглядів 834 місяці тому
*~ Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and a clear investment strategy 👉 aba.link/p1q Join Carl Zoellner, one of the attorneys at Anderson Business Advisors, as he dives into a common question from his foreign clients: "What about my foreign investments?" ☕🗂 In this episode, Carl discusses: - The importance of understanding tax treaties betwee...
How Do Tax Brackets For Short and Long Term Capital Gains Rates Work
Переглядів 1 тис.4 місяці тому
*~ Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and a clear investment strategy 👉 aba.link/50g Welcome to another episode of "Coffee with Carl," hosted by Carl Zoellner from Anderson Business Advisors! ☕️ Today, Carl delves into the world of capital gains rates, breaking down the differences between short-term and long-term capital gains. Whether you'r...
How Do Tax Brackets Work? (2024 Breakdown)
Переглядів 5265 місяців тому
*~ Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and a clear investment strategy 👉 aba.link/be6c62 Welcome to another episode of "Coffee with Carl"! Today, Carl Zoellner from Anderson Business Advisors dives into the 2024 tax brackets. Whether you're single or married filing jointly, understanding your tax bracket is crucial for effective financial plan...
How To Invest In Stocks Safely: Top Strategies For Beginners
Переглядів 1435 місяців тому
*~ Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and a clear investment strategy 👉 aba.link/7pu Welcome to another episode of "Coffee with Carl"! In this video, Carl Zoellner, an attorney with Anderson Business Advisors, shares valuable insights into making money in the stock market. Carl discusses his personal approach to investing, focusing on dividen...
When Is A Corporation Needed in Your Structure?
Переглядів 2075 місяців тому
*~ Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and a clear investment strategy 👉 aba.link/e5m Welcome to another episode of Coffee with Carl! Join Carl Zoellner, attorney at Anderson Business Advisors, as he delves into the critical question: When is a corporation needed in your business structure? In this episode, Carl explores the cost-benefit analy...
Where Do I Start With My Entity Structure?
Переглядів 1965 місяців тому
*~ Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and a clear investment strategy 👉 aba.link/4a9 Hello, everyone, and welcome to this episode of "Coffee with Carl." I'm your host, Carl Zoellner, an attorney with Anderson Business Advisors. Today, we’re diving into one of the most common questions I get during initial consultations with clients: "Where do...
Can You Have A Homestead in Texas With Multiple Parcels of Land?
Переглядів 3925 місяців тому
*~ Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and a clear investment strategy 👉 aba.link/kbc Welcome to this episode of "Coffee with Carl"! Today, Carl tackles a specific but crucial topic: Texas homestead laws. A client recently asked if a Texas homestead can include multiple parcels of land, and the answer is yes! This episode offers valuable insig...
Why Wyoming For My Holding LLC?
Переглядів 2135 місяців тому
*~ Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and a clear investment strategy 👉 aba.link/yi3 Hello, everyone, and welcome to this episode of "Coffee with Carl." I'm your host, Carl Zoellner, an attorney with Anderson Business Advisors. In today's video, I address a common question: Why do we use Wyoming for our holding company? Key Points Discussed: ...
Where Do I Hold My Corporate Shares?
Переглядів 1115 місяців тому
Where Do I Hold My Corporate Shares?
Traditional Banking vs. Credit Unions: Which Is Best For You?
Переглядів 2975 місяців тому
Traditional Banking vs. Credit Unions: Which Is Best For You?
Where In The World Has Coffee With Carl Been?
Переглядів 1155 місяців тому
Where In The World Has Coffee With Carl Been?
What Business Entity Is Best For Flipping Houses in California?
Переглядів 841Рік тому
What Business Entity Is Best For Flipping Houses in California?
LLC Or Corporation: Which One Is Better For Your Business?
Переглядів 448Рік тому
LLC Or Corporation: Which One Is Better For Your Business?
Brokerage Fees And Prohibited Transactions Explained
Переглядів 436Рік тому
Brokerage Fees And Prohibited Transactions Explained
Can I Transfer Rental Property To A Self-Directed IRA?
Переглядів 1,7 тис.Рік тому
Can I Transfer Rental Property To A Self-Directed IRA?
How To Withdraw Money From An Inherited IRA
Переглядів 1,1 тис.Рік тому
How To Withdraw Money From An Inherited IRA
How To Pay IRA Management Fees
Переглядів 471Рік тому
How To Pay IRA Management Fees
How To Hire And Sponsor Overseas Artists With Your C-Corp
Переглядів 239Рік тому
How To Hire And Sponsor Overseas Artists With Your C-Corp
Is It A Prohibited Transaction To Create a Promissory Note Between SDIRA And LLC?
Переглядів 218Рік тому
Is It A Prohibited Transaction To Create a Promissory Note Between SDIRA And LLC?
Series LLC: What's The Better Option Between Protected and Registered?
Переглядів 693Рік тому
Series LLC: What's The Better Option Between Protected and Registered?
When To Use A Notary - A Complete Guide
Переглядів 4672 роки тому
When To Use A Notary - A Complete Guide
Do I Need To Send Anderson Business Advisors A W9
Переглядів 3492 роки тому
Do I Need To Send Anderson Business Advisors A W9
How To Fill Out A W9 Form Correctly (Avoid These Mistakes!)
Переглядів 2,1 тис.2 роки тому
How To Fill Out A W9 Form Correctly (Avoid These Mistakes!)
Social Security: How It Works & The Benefits You Need To Know
Переглядів 4052 роки тому
Social Security: How It Works & The Benefits You Need To Know
The Types Of Joint Ventures: Participating Loans
Переглядів 6062 роки тому
The Types Of Joint Ventures: Participating Loans
The Types Of Joint Ventures: Best Practices For Structuring A Deal
Переглядів 2,3 тис.2 роки тому
The Types Of Joint Ventures: Best Practices For Structuring A Deal
The Types Of Joint Ventures: LLC
Переглядів 2,4 тис.2 роки тому
The Types Of Joint Ventures: LLC

КОМЕНТАРІ

  • @sherifrezk7755
    @sherifrezk7755 3 дні тому

    I need some cash to open my own business how can Apply for a loan from the state

  • @BEAUTIFULDIANAFRANCIS
    @BEAUTIFULDIANAFRANCIS 7 днів тому

    Buy stocks which you think has huge potential to grow. Seeing my portfolio grow changed my life for good

    • @ReginaldsKeiths
      @ReginaldsKeiths 7 днів тому

      AI stocks are expected to lead the market in 2024. My top choice is NVIDIA, as they have strong potential for long-term growth and play a crucial role in supporting other AI companies. A friend of mine saw gains of over 200% with NVIDIA. While it’s my preferred pick, I’m also open to exploring the other recommendations you’ve mentioned.

    • @ConradsViveiroses
      @ConradsViveiroses 7 днів тому

      @@ReginaldsKeiths I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.

    • @IveirosesRyckmans
      @IveirosesRyckmans 7 днів тому

      Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q1 2025.

    • @BEAUTIFULDIANAFRANCIS
      @BEAUTIFULDIANAFRANCIS 7 днів тому

      @@IveirosesRyckmans I could really use the expertise of an advisor like that.

    • @IveirosesRyckmans
      @IveirosesRyckmans 7 днів тому

      Certainly, there are a handful of experts in the field. I've experimented with a few over the past years,but I've stuck with *MONICA AYAKO VOS* for about four years now, and her performance has been consistently impressive.

  • @koicaine1230
    @koicaine1230 9 днів тому

    Excellent information, subbed!

  • @1lllllllll1
    @1lllllllll1 12 днів тому

    As if rent isn’t already a lot , why would I want to add myself a 2.9% transaction fee on top? A 3000 dollar payment becomes 3090 dollars. Unless those points are worth that much in value, I don’t see the point. Pun intended.

  • @marcwa5067
    @marcwa5067 21 день тому

    Title it in Montana and then once you get the title re-register it in your home state. This way you avoided paying sales tax.

  • @nadmeldev
    @nadmeldev 26 днів тому

    I do not see the double taxation you mention when taking the salary. Dividends on the other hand would be subject to double taxation.

  • @tomsullivan-kc4fb
    @tomsullivan-kc4fb Місяць тому

    No, No, No. Wrong. It's time to start a holding company.

  • @norcalpacific
    @norcalpacific Місяць тому

    The problem is if you are buying a property under a trust, using a loan, (most people need a mortgage to buy a house) will the bank allow you to do so under a trust with a nominee? So the nominee signs the publicly recorded documents?

  • @fortheking116
    @fortheking116 Місяць тому

    Can a sole proprietor be a not for profit

    • @coffeewithcarlaba
      @coffeewithcarlaba 17 днів тому

      Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/carlss

  • @KMT15
    @KMT15 Місяць тому

    What about a side by side? I’m not as worried about the tax savings, as it’s only a few thousand. I’m basically just wanting it to be able to be plated to be able to legally drive on the road.

  • @midt106
    @midt106 Місяць тому

    When 501 c3 you work for the error filed anti Christ Government

  • @Team8LA
    @Team8LA Місяць тому

    Do I just put 50% of the one W2 income on each spouses 1040?

    • @coffeewithcarlaba
      @coffeewithcarlaba Місяць тому

      To get the best answer tailored to your specific circumstances, I recommend scheduling a free consultation with my team. Visit: aba.link/carlss

  • @Furry-t8d
    @Furry-t8d Місяць тому

    I have aggressive debt collectors (lawyers) trying to satisfy a judgment, which I'm currently appealing, through community property. Despite knowing I've been a homemaker for years (since 2013), they're using California Family Law 910(a) to demand my spouse's financial information (we got married in 2014). He had no knowledge of this 20+ year-old debt, and neither the community property nor I have ever benefited from the degree associated with it (student loans from the Swedish government to study in the US, 1999-2003). Are they really able to go after my spouse and our community property for this decades-old foreign debt? I’m struggling to understand the concept of 'commingling' and whether it applies to my situation. No community funds have ever been used to pay this debt.

    • @coffeewithcarlaba
      @coffeewithcarlaba Місяць тому

      I would recommend setting up a free consultation to talk about some strategies and how they apply to your unique situation. Sign up here: aba.link/carlss

  • @marcuswalker7384
    @marcuswalker7384 2 місяці тому

    I didn’t learn 1 thing I didn’t know

  • @primushan7547
    @primushan7547 2 місяці тому

    Thank you for sharing the information on shareholders.

  • @50000DSI
    @50000DSI 2 місяці тому

    ~🦾👑💰⚡🏆🏆⚡💰🦾

  • @ktrenrkk1997
    @ktrenrkk1997 2 місяці тому

    What type of LLC should we get if I’m married and want to have a business with my husband

    • @coffeewithcarlaba
      @coffeewithcarlaba 2 місяці тому

      Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/carlss

  • @truehealth992
    @truehealth992 2 місяці тому

    What about a subordination lein? Would it be the same as a mortgage?

    • @coffeewithcarlaba
      @coffeewithcarlaba 2 місяці тому

      Good question! That's a great question. For a more personalized answer, I suggest scheduling a free 45-minute consultation with my team. We’ll provide advice tailored to your specific situation. Visit: aba.link/carlss

  • @danethomas.
    @danethomas. 2 місяці тому

    Loved this

  • @carlawisecarver2765
    @carlawisecarver2765 2 місяці тому

    Wouldn't this be considered a Cash Advance on the cards you are using to pay the other cards?

  • @trindon9439
    @trindon9439 2 місяці тому

    In the protected series LLC, would I just create a cell name and amend my operating agreement accordingly? Or do I have to file an assumed name?

    • @coffeewithcarlaba
      @coffeewithcarlaba 2 місяці тому

      That's a great question. For a more personalized answer, I suggest scheduling a free 45-minute consultation with my team. We’ll provide advice tailored to your specific situation. Visit: aba.link/carlss

  • @phynleigh4105
    @phynleigh4105 2 місяці тому

    If you were wanting to put a fleet of vehicles into a personal property trust, you could make the PPT a member of the LLC that is the operating business that uses the fleet of vehicles, correct? OR would you want the PPT to own both the fleet and the operating LLC?

    • @coffeewithcarlaba
      @coffeewithcarlaba 2 місяці тому

      Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/carlss

  • @shanikiawilliams6174
    @shanikiawilliams6174 3 місяці тому

    Hey Carl, great content will you add examples with the whiteboard?

    • @coffeewithcarlaba
      @coffeewithcarlaba 3 місяці тому

      Thanks for the suggestion! I’ll definitely consider adding some whiteboard examples in future videos to help clarify the concepts!

  • @AvramAvraam
    @AvramAvraam 3 місяці тому

    Ty

    • @coffeewithcarlaba
      @coffeewithcarlaba 3 місяці тому

      You're welcome! If you have any questions, feel free to ask!

  • @MitchyCa
    @MitchyCa 3 місяці тому

    How about if C Corp is via ROBS?

    • @coffeewithcarlaba
      @coffeewithcarlaba 3 місяці тому

      Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/carlss

  • @personnesenki4521
    @personnesenki4521 4 місяці тому

    At some point, taxing authorities are going to see any such cars as being suspicious and they will issue tickets anyway.

  • @dizzyfingers7180
    @dizzyfingers7180 4 місяці тому

    What about other real estate property tax exemptions, such as an exception for disability? My son is disabled, we are purchasing a home for him, putting it in a trust, and, in Alabama, you receive an additional property tax exemption, if you are disabled. Just wondering what your thoughts are. Thank you so much.

    • @coffeewithcarlaba
      @coffeewithcarlaba 4 місяці тому

      Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/carlss

  • @FLYNIQ
    @FLYNIQ 4 місяці тому

    What if you have 2 kids and you want to leave one of them the house can the child who the house was left to be sued?

    • @coffeewithcarlaba
      @coffeewithcarlaba 4 місяці тому

      I would recommend setting up a free consultation to talk about some strategies and how they apply to your unique situation. Sign up here: aba.link/carlss

  • @paulross2979
    @paulross2979 4 місяці тому

    Does ABA do payment plans for setting accounts up?

    • @coffeewithcarlaba
      @coffeewithcarlaba 4 місяці тому

      Connect with my team for a free consultation. aba.link/v7f

  • @coffeewithcarlaba
    @coffeewithcarlaba 4 місяці тому

    If you want to dive deeper into this topic, schedule a free consultation with my team today. Visit: aba.link/50g

  • @beachcoconuts3
    @beachcoconuts3 4 місяці тому

    👍🏼 thank you

  • @laslohollifeld5463
    @laslohollifeld5463 4 місяці тому

    What if you make 165k and your wife doesn't work?

    • @coffeewithcarlaba
      @coffeewithcarlaba 2 місяці тому

      Reach out to my team so we can discuss this further. aba.link/carlss

  • @Paka6267
    @Paka6267 5 місяців тому

    Looking forward to see the tax brackets after the elections.

  • @kellyyrealtor
    @kellyyrealtor 5 місяців тому

    I have took a little break from wholesaling because I can’t seem to find the answer. But would you know if I’m able to wholesale outside of my brokerage office? Do you think I would have to consult with them before I get into this. If it doesn’t have to include my broker that’s fine too I just don’t want to get in trouble in Illinois.

    • @coffeewithcarlaba
      @coffeewithcarlaba 5 місяців тому

      I might suggest you reach out to my team for the best answer tailored to your specific circumstances. aba.link/carlss

  • @coffeewithcarlaba
    @coffeewithcarlaba 5 місяців тому

    Do you want to dive deeper into this topic and talk to someone on my team? Schedule your free consultation now. aba.link/4a9

  • @coffeewithcarlaba
    @coffeewithcarlaba 5 місяців тому

    Do you want to dive deeper into this topic and talk to someone on my team? Schedule your free consultation now. aba.link/7pu

  • @Paka6267
    @Paka6267 5 місяців тому

    Thanks to Toby and Infinity Investing, all I have in my 401k is Dividend Kings and Aristocrats along will cash.

    • @coffeewithcarlaba
      @coffeewithcarlaba 5 місяців тому

      That's awesome to hear! Sounds like you're on the right track with your investments.

  • @homeguardster
    @homeguardster 5 місяців тому

    That fee makes this worthless

  • @SamuelJohnson-o5q
    @SamuelJohnson-o5q 5 місяців тому

    What if the property were valued below the contribution limit (hypothetically speaking).

    • @coffeewithcarlaba
      @coffeewithcarlaba 5 місяців тому

      I would recommend setting up a free consultation to talk about some strategies and how they apply to your unique situation. Sign up here: aba.link/carlss

  • @toddsmith4280
    @toddsmith4280 5 місяців тому

    I cannot find the due on sale video mentioned in this video

    • @coffeewithcarlaba
      @coffeewithcarlaba 5 місяців тому

      This video might help ua-cam.com/video/PuEF3b8MliM/v-deo.html

  • @coffeewithcarlaba
    @coffeewithcarlaba 5 місяців тому

    Do you want to dive deeper into this topic and talk to someone on my team? Schedule your free consultation now: aba.link/yi3

  • @coffeewithcarlaba
    @coffeewithcarlaba 5 місяців тому

    Do you want to dive deeper into this topic and talk to someone on my team? Schedule your free consultation now. aba.link/htc

  • @coffeewithcarlaba
    @coffeewithcarlaba 5 місяців тому

    Do you want to dive deeper into this topic and talk to someone on my team? Schedule your free consultation now. aba.link/zbb

  • @icenijohn2
    @icenijohn2 5 місяців тому

    Every single U-Haul truck in the entire country has Arizona plates. What is the specific legal difference between driving a U-Haul truck and driving a car registered to an LLC in Arizona (or Montana...)? In both cases you're just driving a company vehicle, albeit an out-of-state company. Is it because U-Haul's plates are apportioned?

    • @brandonbriscoe4712
      @brandonbriscoe4712 15 днів тому

      MY exact question! however, what does "apportioned" mean? Does U-Haul have DBA's in the remaining states or does apportioned give the legal means? as I also notice, every U-Haul truck no matter the state has AZ plates so there is a business case for this

  • @Paka6267
    @Paka6267 5 місяців тому

    I currently use a community bank and a credit union. I must say that I prefer a credit union for better service.

    • @coffeewithcarlaba
      @coffeewithcarlaba 5 місяців тому

      Thank you for sharing your feedback! I think it's valuable to hear about preferences.

  • @paulross2979
    @paulross2979 5 місяців тому

    glad your back. Hopefully a speedy recovery.

  • @deffsam
    @deffsam 6 місяців тому

    It was good to talk with you in Orlando. I didn't know you had this going on. You're doing great keep up with your health, it's for your family 🙏

    • @coffeewithcarlaba
      @coffeewithcarlaba 5 місяців тому

      Thank you for your kind words and encouragement

  • @Paka6267
    @Paka6267 6 місяців тому

    My thoughts are with you and your family. I am glad you are much better. We miss you dearly.

  • @wparch
    @wparch 6 місяців тому

    So the only time you'd need to fill out a W-9 is if they are paying $500 or more or any amount?

    • @coffeewithcarlaba
      @coffeewithcarlaba 6 місяців тому

      Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. aba.link/carlss

  • @bobsalgado2453
    @bobsalgado2453 6 місяців тому

    Risking $20k to make $250 max is crazy