Taking Money Out of Your Corporation or LLC

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Information Taking Money Out of Your Corporation or LLC

Title	:	Taking Money Out of Your Corporation or LLC
Lasting	:	7.28
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Views	:	77 rb

Toby Mathis Esq | Tax Planning & Asset Protection

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Comment from : Toby Mathis Esq | Tax Planning & Asset Protection

If FIF wanted im sure he could pull some cash out and smack you with it But the man obviously has a soft spot for artist, athletes, and entertainers So he does his best to budget payroll That's how any job works Maybe you're just not as good of an actor as you think you are Denzel Washington could never complain like you He sells TICKETS People yearn to see him He built his name by himself You're just an IG celeb who got a chance and now is ungrateful Ouch
Comment from : Prince Israel

Soes this managing Corp have connections with other LLCs? Who is the shareholder? Me?
Comment from : N K

How are distributions taxed to the holding company and individual?
Comment from : Michael Bland

Thanks again great video
Comment from : Levi Boone

So I can reimburse as opposed to writing off expenses?
Comment from : Diamond Nova

Can you expense all your food and rent to the corporation and give yourself a $1 salary?
Comment from : Sherif Nabil

You're the man Clint!
Comment from : BennyBronco Sag

Great video
Comment from : The Walk Through

Is money saved, the 20, 199a, Is that still considered income for a mortgage even if you don’t pay tax on it?
Comment from : Todd Bowder

Thank you for this information, quick question, for C-corp can you get reimbursed for the start up expenses from the I opened my business which was three years ago?
Comment from : Lady Boss

For the LLC Do you pay Taxes on the distrubutions? Twice?
Comment from : gofdoom10

When you reimburse money between yourself and your company, do you need to have receipts or such?
Comment from : AD Dtyu

2020 new video
Comment from : business king Pin

Good job new 2020
Comment from : business king Pin

can't you just pay yourself a big fat bonus?
Comment from : Lavendish Rose

i have always wondered this how could it be legal to get that money out of the business and into your account
Comment from : Lavendish Rose

Do the same principles apply to an S corporation?
Comment from : Christian Iribe

very clear! Thanks Clint Great job
Comment from : amkrad1

I love you!
Comment from : LV Teach Me

Thank you This was very helpful ♥️
Comment from : Keeping_Up_Wit_KeKe

I wonder if you can do this for a sole proprietorship
Comment from : craig6t

What if my father gave me 1K Cash for my business? How do I categorize that? And does he pay taxes on the 1K?
Comment from : Peter Culotta

What about an S CorpbrWhat about an Owner's Draw"brThank you
Comment from : Uigei Sikoo

Tremendous information and very understandably explained
Comment from : Zalez Realty

Serious question, what if I have an LLC taxed as an S Corp and I am doing flips and new construction investing? How would this work in that scenario Thanks
Comment from : JC

Clint - Thanks a lot for all your videos, these are very educational Few questions regarding taking distributions out of the holding company, is that tax free or will it be taxed? Is there a limit to how much distribution I can take out of the holding company?
Comment from : BALA Neerumalla

Can you take the reimbursement in any calendar year? Or only the year the expenses were incurred? Can it be taken in a future calendar year?
Comment from : sinmayp