The Amazing Tax Benefits Of An LLC

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Listen Money Matters

Careers, Business, Investing, Education

4.4 • 2.3K Ratings

🗓️ 26 February 2018

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

The two most expensive things in life are taxes and interest, and we want to avoid both. One of the best ways to avoid taxes is by starting a business. We want to illustrate the massive tax advantages allowed to small businesses and how utilizing these advantages can be as beneficial if not more so as compared to traditional retirement accounts. Also, they can be used in conjunction with retirement accounts for an added big advantage. Today we will discuss LLC vs S Corp and the amazing tax benefits of having a business. Full Article Here Show Notes Disclaimer: We are not tax advisors, and you should consult with one before you start deducting things like crazy and stuff like that - both Thomas and Andrew do. Impending Descent: A bourbon barrel aged Imperial Stout. Gusto: A cloud-based payroll, benefits, and human resource management solution for businesses. Tool Box: All the best stuff to manage your money. Simple Wealth: Research and evaluate rental properties. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey guys, I wanted to share something new I've been working on.
0:05.7	It's called Seeking Profit and it's a podcast where we talk about the second phase of my
0:10.2	personal finance journey building online businesses.
0:13.9	These businesses earn money while I sleep and have detached my time from my income.
0:19.2	Since 2013, I've generated millions in revenue with these websites.
0:24.2	I felt it was long overdue to create a show in Listen Money Matter Spirit that taught the
0:29.6	ins and outs of online business building.
0:31.6	This is my biggest passion and if you're interested in coming along for the ride, just head
0:36.2	over to SeekingProfitShow.com or search for Seeking Profit on YouTube or your favorite
0:42.3	podcast app.
0:43.3	We're Seeking Profit!
0:44.9	Hey, what's going on everybody and welcome to Listen Money Matter.
0:54.5	I'm also working on the things you like.
0:56.5	It means doing the things you don't enjoy so you can do things you love.
0:59.6	I'm going to put the word later in there because I can make more sense.
1:05.0	My name is Thomas and I'm here as always with my good friend Andrew and how are you and
1:08.6	what are you drinking today?
1:11.1	Good man, I'm drinking an impending dissent from troves.
1:16.2	I was thought it was going to be an impending disaster.
1:22.3	That would jigs myself.
1:23.3	That's the name of a really spicy burrito somewhere.
1:26.6	I don't know what it probably is.
	...

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