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The Think Media Podcast

234: Don't Get Sued! Little-Known YouTube Advice on Taxes and Legal Protection

The Think Media Podcast

Think Media

Video Influencers, Youtube Secrets, Sean Cannell, Marketing, Think Media Podcast, Think Media, Entrepreneurship, Business

4.8 β€’ 792 Ratings

πŸ—“οΈ 27 July 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

In this episode, Sean chats with Tommy Thornburgh about little known YouTube advice on taxes and legal protection! ****** Book a call with Tommy Thornburgh's team & ensure you keep more of your hard-earned income here πŸ‘‰http://ThinkPrimeLLC.comThis video is NOT sponsored. Some product links are affiliate links which means if you buy something we'll receive a small commission. πŸ“’ Show Notes and Resources πŸ“’πŸ“˜ Connect With Prime Corporate Services ➑️ https://www.primecorporateservi...

Transcript

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0:00.0

Do you want to get your first or next 1,000 subscribers faster? We are hosting a free one-day event

0:07.1

where you will learn a proven seven-step system for YouTube growth used by thousands of creators.

0:13.1

To register, just go to videogrowthday.com or click the link in the description. Now let's jump into the

0:20.2

episode. Everyone in the U.S, let's jump into the episode.

0:25.8

Everyone in the U.S. should be self-employed at some level.

0:27.4

Why do you believe that?

0:34.6

You are 300 times less likely to be audited by the IRS when you have a business entity in place. If you show the intent to generate income and to treat and operate as a business,

0:40.3

now you open the doors to play by the rules to utilize all of these additional deductions.

0:46.4

So according to lawsuit statistics in the U.S., there are about 40 million lawsuits filed every year.

0:52.0

That is 76 lawsuits filed every minute. And a newly completed

0:57.4

survey actually reveals that small companies are overpaying on their taxes by an average of

1:03.6

almost $12,000. And one in three small businesses are overpaying on their taxes in general. So I'm

1:09.6

super fired up for this episode of the Think

1:11.3

Media podcast. We're going to be talking about some hardcore YouTube advice that you need to know,

1:16.1

whether you're just starting your journey as a content creator, whether you already have a lot

1:19.7

of revenue as a business owner and you want to take advantage of being a part of the creator

1:23.3

economy, being a YouTube creator, and additional write-offs that are accessible to you.

1:28.0

We're going to talk about credit and how you cannot get sued or at least have added layers

1:32.7

of protection. There's probably no control ultimately over that. But I'm excited because

1:37.1

our guest today is Tommy Thornberg and he's the president of prime corporate services.

1:43.5

We've been partnered with prime

1:45.3

corporate services for a while because, as you know, we're helping creators become really

...

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