The Realtor's LLC Playbook

By Liam Robinson

Tired of scouring the internet for a resource that will teach you exactly how to set up your own tax-advantaged LLC? 

 

Are you putting off creating an LLC because you think it's too complicated and expensive to set up and maintain? 

 

Confused by the information overload about how to structure your business entity and now you're feeling stuck in the analysis paralysis loop? 

 

Do you already have an LLC or S-Corp but aren't 100% sure it's giving you all the tax benefits you can get? 

 

Then you've landed in the right place! 

 

This DIY playbook will walk you through exactly how to set up your own LLC and employ the very strategies that highly-paid CPAs use to save their clients tens of thousands of dollars in taxes.  

 

During my nearly 20 years working as a tax advisor to small businesses and the self-employed, I came to realize that while everyone's tax situation is a little different, there were certain strategies that we used over and over again for sole proprietors just like you! 

 

I really wanted to help as many people as I could possibly reach, to show them the same methods I had learned in all my time working for CPA firms and tax attorneys. So I decided to write this ebook just for you, to provide you with simple, step-by-step directions on how to properly set up your own LLC in a way that not only protects your hard-earned assets against liability, but also puts tens of thousands of tax dollars back in your pocket while substantially reducing your risk of an IRS audit. 

 

Sure, you can find 10,000+ youtube videos that talk about the benefits of setting up an llc, but none will show you exactly how to easily do it yourself! The internet holds a wealth of information about the numerous benefits an LLC can provide, and a quick YouTube search for "set up an LLC" yields a bottomless list of videos for every possible tip and scenario that you can think of. But they all give you just enough information to leave you with enough questions so you'll either click on the YouTuber's website to book a free consultation, or just give up altogether as a result of information overload. 

 

This ebook filters out all that noise and gives you exactly what you're looking for, a true Do-it-Yourself guidebook on setting up and operating your own LLC. Instead of paying an expensive CPA or attorney up to $1,500 to file a few forms online, why not learn to do it yourself in just a few short hours? 

 

We even include crystal clear step-by-step instructions on how (and how much) to pay yourself out of your new LLC so that you keep more tax dollars in your pocket, where they belong. 

• Language: English
• Publisher: Liam Robinson
• Release date: Nov 10, 2023
• ISBN: 9798223482901

Book preview

THE REALTOR'S LLC PLAYBOOK

A DIY guide to set up your LLC and put   thousands of $$ back in your pocket!

Liam Robinson

Manifest Media

Copyright © 2022 Manifest Media

Legal Disclaimers:

This system was designed to be implemented only within your business as a real estate agent, as a sole proprietor (single owner) being paid on a 1099 contractor basis, and not for any other real estate-related business, such as property management, residential or commercial construction, or real estate investments, as there are specific legal and tax planning strategies that pertain to those types of businesses that this system doesn’t cover. The information provided in this ebook is not legal advice but general information on legal and tax issues commonly encountered while working with specific clients. We are not a CPA or law firm and the information included herein should not be construed as a substitute for seeking the advice of your attorney or tax advisor's advice to make sure this system makes sense for your particular circumstances.

Purchase of this ebook entitles the buyer to keep one copy on his or her computer and to print out one copy only. Printing out more than one copy or distributing it electronically is prohibited by international and U.S. copyright laws and treaties. It would subject the

purchaser to penalties of up to $100,000 per copy distributed. No part of this ebook may be reproduced or transmitted in any form whatsoever, electronic, or mechanical, including photocopying, recording, or by any informational storage or retrieval system without expressed written, dated, and signed permission from the author.

Copyright © 2022 Manifest Media All Rights Reserved Worldwide.

Cover design by: Raine Robinson

Printed in the United States of America

Contents

Title Page

Copyright

Introduction

System Overview

Step 1: Create Your LLC and DBA

Step 2: File Other Critical Forms with the IRS

Step 3: Open a Bank Account

Step 4: Pay Yourself a Reasonable Salary

Step 5: Lease Your Vehicle to Your LLC

Step 6: Reimburse Yourself for Your Home Office

Step 7: Set Aside Money For Your Taxes

Step 8: Pay Yourself A Tax-Free Dividend

Step 9: Plan Your Next Vacation

Step 10: Bonus Tip to Avoid Underpayment Penalty

Recap of Filing Requirements

Final Thoughts

Appendix A

Appendix B

Appendix C

Appendix D

You're about to learn the secrets

to saving at least $8,000 in taxes, without hiring an expensive CPA or attorney to do it for you!

Introduction

This ebook was written with a single goal in mind, to help you beat the IRS at their own game!

I’m so excited that you're reading this ebook, because I know from my experience helping hundreds of other solopreneurs like yourself that you're going to start reaping some huge tax benefits by implementing the simple steps outlined in The Realtors® LLC Method.

So, you’re probably asking yourself, who is this guy that I should even consider following any of these strategies? Hi, my name is Liam Robinson and for nearly 20 years I worked as a tax advisor to small business owners in the Houston area. During that time I prepared well over 1,500 personal and business tax returns and set up hundreds of new entities (LLC, S-Corp, partnership, etc.) for self-employed clients. Over the course of working with these clients, I started to realize that real estate agents, along with a few other groups of self-employed individuals, were never quite 100% sure how to handle their taxes, since there’s no course on how to be self- employed that’s included when obtaining your license, and none of the brokers really educate new agents on the subject. So what I found was that nearly 85% of them were paying way too much in taxes, either because they weren't properly advised when they first started their business, or they thought it would be too complicated for them to maintain an LLC.

So I decided to write this ebook for YOU! My desire is that in providing you with crystal- clear directions on how to properly set up your own LLC, I will help you put thousands of tax dollars back in your pocket, protect your hard-earned assets against lawsuits, and substantially reduce your risk of an IRS audit.

In the following pages, I'll be walking you through some fairly simple, yet extremely powerful and effective tax strategies that have been tested and refined over many years with fantastic results. So what I’ve done is put these strategies together in an easy-to-follow, do-it- yourself format, tailored specifically for you as a real estate agent. And whether you actually follow this system and set up your LLC by yourself, or take what you’ve learned and have a more informed discussion with your CPA on your specific tax situation, you are guaranteed to save hundreds of thousands of tax dollars over the course of your real estate career.

Solet'sstopwastingtimeandgetrightdowntobusiness!

System Overview

Here's a bird's eye view of what we’ll be covering in the following pages of