Should You Create an LLC Holding Company?

Should you create an LLC Holding Company aka an umbrella company? Well, the truth is... it may be exactly what you need. Learn how to create an LLC holding company, the reasons why you should consider it, and more. Book a Tax Services Discovery Call: https://schedule.lyfetaxes.com/discoveryapplication Now, what is an LLC holding company?” Simply put, a holding company is a parent business entity. Also, a holding company can be referred to as an umbrella company. Same thing. And you should know that even though we’re focusing on LLC holding companies today… a corporation can also be a parent company. Video Outline: Should You Create an LLC Holding Company? (0:00) What is an LLC Holding Company? (1:24) What Assets can an LLC Holding Company have? (2:20) How can an LLC Holding Company be Financed? (4:30) How can you use a Holding Company? (5:48) Midway Summary (8:28) Advantages of Umbrella LLC Companies (8:44) Disadvantages of Umbrella LLC Companies (12:25) Here are the steps on how to set up an LLC holding company: https://youtu.be/Bd_11I4FY_U LLC Playlist (Everything You Need for LLC Training): https://youtube.com/playlist?list=PLfYAvlh4-VVSPHd9P5Qcva_1HnQ96fpZ8 More Popular Uploads: How to Become a Millionaire, Step by Step: https://youtu.be/JQO3C3F-XX0 Single Member LLC, What You Must Know: https://youtu.be/iHy1xLYqS6Q Tax Planning for Beginners: https://youtu.be/6pEkMBQJc6A Tax Secrets: https://youtu.be/kZjPHzJZ844 How to Start a Business: https://youtu.be/gEICb03wQng How to File Your Taxes as an LLC: https://youtu.be/vqsghJV1AbU Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos! /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).