Tax professionals such as enrolled agents help to structure entities for their clients on a regular basis. Proper entity structuring can result in a variety of benefits including enhanced liability protection, tax savings, and easier business management. Many business owners highly value all of these things.
However, even though tax pros commonly help their clients structure their entities, many of them do not publicly share the way that they structure their own entities. In this video, tax expert Karlton Dennis breaks down the full structure for all of the business entities that he owns.
This complete entity structuring explanation helps to provide insights into the way that he runs all of his businesses. Karlton walks you through his entire organizational structure for all of his business entities including his S Corps, LLCs, C Corps, and more. He also explains the reasons why he chose this particular overall structure.
Timecodes 0:00 The Trifecta 0:52 Using an S-Corp to Manage Multiple LLCs 1:45 How to Offset S-Corp's Income with C-Corp 2:39 Using a Private Family Foundation to Protect Assets and Save Taxes 4:00 Protecting Investments with Series LLC Structures 6:24 Inside and Outside Liability Protection Explained 7:48 Avoiding Probate with Step Up in Basis 8:24 Why Your Tax Plan Should Be Unique
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
