@comfortoverchaos: A lot of people teach you how to make money. Not enough people teach you how to manage it. This simple allocation strategy has helped me operate my ILH with fewer financial surprises. ⚠️ Disclaimer: This is not financial or tax advice. This is simply what has worked for me. Please consult your accountant or tax professional for advice specific to your business. Comment MONEY if you’d like more behind-the-scenes business content about running an Independent Living Home.

Renada Marie
Renada Marie
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Region: US
Thursday 30 July 2026 22:11:54 GMT
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godsent702
godsent702 :
Are there any tax write offs with this type of business?
2026-08-24 23:38:20
1
will.bunn1
Will Bunn :
Ok I’m all in where do I start
2026-08-16 17:59:57
1
candy1011tax
💋 Candy 💋 Live Host 💋 :
I’m licensed by IRS and you’re right. LLC you need to save 15.3% for SE tax but 30% is better to include state. When you start making over $40k start looking into S Corp and if you don’t really want to bother a lot look into a C Corp. it’s so much easier in my opinion. I LOVE a flat tax rate and allowing the business do fund your lifestyle without having to worry about payroll or draws! 😍
2026-08-26 23:14:13
5
preondagraham
Preonda Graham :
I’m in work still trying to get mine off the ground. I just gotta get the first month rent and the items for the house and get my waiting list set up.
2026-07-30 22:31:08
8
old_man_lo
old-man-lo :
info please
2026-08-19 16:08:12
1
teresabowers450
Teresa Bowers503 :
Thank you
2026-08-23 21:36:14
1
itsmirahj
🦋MIRAH J🦋 :
Hello do you do private one on one mentorship?
2026-08-03 21:30:28
1
erinnereeves
Erinne Reeves :
This is great information how long do you think it took for you to break even on your property
2026-08-03 19:15:00
2
gloriasmith2811
Ms tripple G 💦💦💦🇦🇬🇻🇮 :
good advice
2026-08-25 01:44:28
1
josie6280
Josie :
Love it
2026-08-26 22:15:59
1
sunshineblueskies1970
Crafts&stuff :
Thank you. Following asap
2026-08-05 21:10:31
2
sundayeli2
mia :
facts
2026-08-19 07:59:18
1
charleeezangel1
charleeezangel1 :
Agreed. Great info.
2026-08-03 16:22:10
1
shoog_luv
Shoog Luv 💚 :
Have that business plan in place. People be out here playing it all by ear, no way! Lol 30% is steep for taxes though. Business structure helps with that. Good info!
2026-07-31 00:33:40
2
deedeemarie1970
Dee Dee :
This was great advice
2026-07-31 14:19:09
2
lisajay801
lisajay801 :
Thanks
2026-07-30 23:47:47
1
_meeka
Meeka :
Good advice
2026-07-31 00:08:03
2
toenia3
Toe'nia :
love It
2026-08-03 07:33:07
1
jshepherd106
Jshepherd106❗️ :
Are you operating under a LLC with EIN number
2026-08-25 12:02:06
0
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