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.
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.
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 !!!
@@christopheroberry2500099o99oooooo what I am looking ooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo[oop o888o 9oil o888o 0pp9000 o888o o0 990feet oo9990009o9 😅😅😅goop I OP oo9 p ploloop po 09lol 99990 o888o😊😊9😊0😊😊😊😊😊99 o888o😊😊😊lp😊😊o 8😊😊😊😊 and 0😊9999ppp09999 oi0 po😊😊😊😊
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.
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. 🙏
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!
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
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.
I advise my clients on this same thing when it comes to Bookkeeping. Take the time to understand the nitty gritty before handing it over to someone else. If there is a material misstatement or overcharge, the bookkeeper might miss it, but if you understand your business numbers, you will catch it.
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.
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!
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. ❤
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.
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.
🤑 Finally, a finance channel that actually explains things clearly! 😍 Perfect for anyone looking to make smarter money moves. Let’s grow our wealth together! 💰🚀
Img you guys explaining everything so deep so me as a non native can understand the thing completely and I regret I didn’t start that entrepreneur journey 3 years ago when I just got into the States. Thanks. Subscribed on both of you
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
Yes I would love to hear more of yours I just bumped into it today I am working on getting my small business lawn mower repair up, would love to comment more on it once it's up and running and get your feedback
Great stuff! I fall right into that $75,000 on my W-2 and making $100,000 in my LLC. Now I need to find an accountant. 😅And I absolutely love the tidbit about having a board of directors.
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 👊🏾
Everyone, well alot of people say i should start my own business. I know how to do the work, but not the business. I am truly enlightened and motivated by this information.
Fyi. I did the research because i ha e three Ca operating Llcs and had to do the required "Statement of Information" filings. I actually was surprised the information that is needed only pertains to the Manager/Members which is interesting because you can state the Manager not necessarily need the Member(s) very important! So technically the agent for service of process is additional but not at all as invasive as I personally imagined. Ps. Loved the content I regularly watch both channels and would love to meet or at least converse via phone. I am the son of Real Estate Broker and have extensive knowledge of Entities! But always believe the best education is at the foot of and Elder. Tha k you both for the knowledge its the least i could do it provide you both information that is directly from my experience filing this Statement of Information the State of California requires. Fun fact needed it to open a new bank account. Kust had the EIN letter faxed and was told the Statement of Information was not required to open said account. Ps. The cost of filing said Statement of Information was only $25. So thought you both could appreciate my deligence.
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!
I LOVE this duo!! I Recently found you both in doing my research for setting up my own LLC and it tickles me that you both see things eye - helps simplify things for me as a follower and I feel like I can trust what you both have to say. Thank you!! new subscriber 🙂
I paid myself not with withdrawals but on actually w2 as an employee of the llc , thats why llc are awesome because can act like a corp, scorp, or even sole proprietorship. If live in a zero state income tax plus the tax savings add up when you incorporate everything right
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.❤❤❤❤❤
I don’t understand, I believe the accountant said that as an LLC - Partnership (multi-member), we should issue each of the owners a paycheck where taxes, are withdrawn so that perhaps down the line we can claim unemployment, disability, etc. Our net profit was 90k on 2023
Thank you so much for having me on Mark! Looking forward to more collaborations and helping taxpayers save money!
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.
Thank You so much to you both for helping us understand better on how things work. You both are amazing.
I love this episode.
Two of the best "Mad Tax Scientists"
How can I join Karlton Firm as a client. I didn't see a link for him in the description
That's exactly where I'm at, comment at 11 minutes owing a little, on a payment plan, bouncing around UA-cam. Classic.
I'm right here with you😫😞
Statement of Information in California is super easy to complete online. It costs $25. Do it yourself annually.
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.
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 !!!
@@christopheroberry2500099o99oooooo what I am looking ooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo[oop o888o 9oil o888o 0pp9000 o888o o0 990feet oo9990009o9 😅😅😅goop I OP oo9 p ploloop po 09lol 99990 o888o😊😊9😊0😊😊😊😊😊99 o888o😊😊😊lp😊😊o 8😊😊😊😊 and 0😊9999ppp09999 oi0 po😊😊😊😊
The dynamic duo, very powerful. Do more of these diverse collaborations. Brilliant.
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.
Which would you recommend overall?
How this work?
How does quickbooks work?
@@T20timezyou buy it and use it to do your books.
Thank you for simplifying LLC and scorp and how to 0ay yourself. Thank you Mark and Carlton. You really simplified how it works!
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. 🙏
Loved it. My two favorite tax experts. So glad you guys joined forces like Voltron. Keep dropping knowledge bombs!
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.
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!
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
I’m thinking of start my LLC this year(2024) and this is soo help full!! Thank you guys!!
I have been needing this information for three years!! Thank you gentlemen!
I have watched both of you individually a great deal and I was so surprised to see you come together. I loved it!
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.
Dynamic duo. Both of you have helped me save money with my youtube channel the last two years. Thanks!
This is fire. Life altering for us who are pursuing freedom.
I advise my clients on this same thing when it comes to Bookkeeping. Take the time to understand the nitty gritty before handing it over to someone else. If there is a material misstatement or overcharge, the bookkeeper might miss it, but if you understand your business numbers, you will catch it.
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.
Great info, you guys are a great tag team. I'm a first year LLC businesses owner and needing to hear this. Thank you
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!
Same!!
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.
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. ❤
Loving Carlton! He’s amazing and very inspiring.
Thanks to both!!
Happy 2024!🎉🎉🎉🎉
This was a great video! You guys did an excellent job. I hope to see you two collaborate more often. Thanks!
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.
This was a very enlightening interview. I’m really happy you guys could get together. You should do this more often. Thank you.
This was absolutely AWESOME! I'm in the planning stages of my first business and this information was invaluable! Thank you both! Subscribed!
Totally love when people are honest. Yes people, it is cost money to keep money.
My 2 favorite tax people! So much game giving.🐐🐐
YOO I listen to both of these guys. Bless
Omg!! My two favorite people ❤
MOST DEFINITELY do this many times again in the future! (Both Mark and Karlton) FANTASTIC information, gives me a road map for the future :)
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.
Yeah, it’s awesome to see KD with Mark Kohler!!🔥🔥
Awesome information shared here and greatly appreciate you both teaming up. Hope you two do many more in the very near future!
My 2 favorite tax strategists ❤
🤑 Finally, a finance channel that actually explains things clearly! 😍 Perfect for anyone looking to make smarter money moves. Let’s grow our wealth together! 💰🚀
Perfect combo!
I have watched you both separately. It was great seeing you together! Great info and advice.
Your explanation of this subject is super easy to understand. Thank you fellas🤙😎
My two favorite youtubers. I can't beliueve you guys did a collab!!!
Img you guys explaining everything so deep so me as a non native can understand the thing completely and I regret I didn’t start that entrepreneur journey 3 years ago when I just got into the States. Thanks. Subscribed on both of you
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
My new two favorite UA-camrs
Yes I would love to hear more of yours I just bumped into it today I am working on getting my small business lawn mower repair up, would love to comment more on it once it's up and running and get your feedback
Great stuff! I fall right into that $75,000 on my W-2 and making $100,000 in my LLC. Now I need to find an accountant. 😅And I absolutely love the tidbit about having a board of directors.
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 👊🏾
Great collaboration! We’d definitely love to see more!
We the people need more of this content.
Thank you, son, much for all you do for us.
MY TO FAV GURU'S ON STAGE TOGETHER! AWESOME
Love the tag team! Thank you for clarity and consistency
So very timely for us: was going the LLC route but an S-Corp makes more sense. Thanks Mark and Karlton!
Man! I love this! I’m so glad you guys popped in my feed, one day I’ll be on the level where I can sit down with y’all!
A must read is Profit First to learn how to allocate revenue within your business.
Everyone, well alot of people say i should start my own business. I know how to do the work, but not the business. I am truly enlightened and motivated by this information.
You guys NEED to do this more often!!! YES🔥🔥🔥✅️✅️
I vote for making the more often. Thank you so very much.
Love this. You guys are both rockstars!
This is a must watch for all hustlers
THIS WAS AWESOME!!! You two work well together..
The exact video i have been looking for!!! OMG! Thank you!
Fyi. I did the research because i ha e three Ca operating Llcs and had to do the required "Statement of Information" filings. I actually was surprised the information that is needed only pertains to the Manager/Members which is interesting because you can state the Manager not necessarily need the Member(s) very important! So technically the agent for service of process is additional but not at all as invasive as I personally imagined. Ps. Loved the content I regularly watch both channels and would love to meet or at least converse via phone. I am the son of Real Estate Broker and have extensive knowledge of Entities! But always believe the best education is at the foot of and Elder. Tha k you both for the knowledge its the least i could do it provide you both information that is directly from my experience filing this Statement of Information the State of California requires. Fun fact needed it to open a new bank account. Kust had the EIN letter faxed and was told the Statement of Information was not required to open said account. Ps. The cost of filing said Statement of Information was only $25. So thought you both could appreciate my deligence.
Absolutely loving it! Great info.
You both are absolute GEMS! Thank you so much for sharing this priceless information!
Great work guys on such a wonderful topic 😊
Subscribed. Thanks for keeping it real Mark.
Please do this more often. I am learning so much. I prefer to pay the government the least amount I am allow.
Tax bills we can help you to discharge those bills there is no problem how much you owe. You should not be affraid with those bills
Outstanding! Keep up the tag team 👊
Amazing duo. Hope to see more!
Information is amazing as well
Dynamic Duo! You guys are awesome!
Y’all are amazing, please make more videos! Have already learned so much!
Two of my favorite tax UA-camrs. Love it
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!
I LOVE this duo!! I Recently found you both in doing my research for setting up my own LLC and it tickles me that you both see things eye - helps simplify things for me as a follower and I feel like I can trust what you both have to say. Thank you!! new subscriber 🙂
Thank you … love the info being shared … I am setting up my business and want the structure done correctly
I paid myself not with withdrawals but on actually w2 as an employee of the llc , thats why llc are awesome because can act like a corp, scorp, or even sole proprietorship. If live in a zero state income tax plus the tax savings add up when you incorporate everything right
I have been learning from Karlton and I really like you guys together!
Wonderful presentation and nice collaboration.
It's a great idea to hear different takes from two different backgrounds. Great session!
I love you two!! I watch and subscribe to you also!
what a great collaboration! wisdom and experience from Mark & new insights & flare from Karlton -- i agree, mindset is key!
All very knowledgeable individuals. Keep this going!!!😊
Wow, so interesting and fun and useful! Enjoyed your collaboration.
Please do more of these! Thank you ☀️☀️
Ooh yes! My 2 favs YT’s. The combo I very much needed.
love it love it love it! Just subscribed to both of you guys and looking forward to more informative content
Love the collab.
Loving it! More is good. Tag team it baby!
Loving this! Have a consultation next week with Karltons team and I can’t wait.
Love it. This is exactly what I advise my clients. I would like to get more involved with Advisory and expand avenues for different income streams.
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.❤❤❤❤❤
Daily is great with me! ❤
Still loving this Tag team Mark & Karlton👍👍👍.... I had finish watching your video day #2. It's all good!
Both you guys give great commentary and advice. Would love to see you both on future videos.
This was a wonderful collaboration🎉 easy to digest as a newbie!
Awesome information, you two bring great value together!
I don’t understand, I believe the accountant said that as an LLC - Partnership (multi-member), we should issue each of the owners a paycheck where taxes, are withdrawn so that perhaps down the line we can claim unemployment, disability, etc.
Our net profit was 90k on 2023
Maybe you should also review the S-Corp portion of the presentation. I hope that will help you.