Flashback Friday Ep 55 - Business Entity & Credit Masterclass: Debunking Misinformation

In today's flashback Friday episode of the Share The Wealth Show, we welcome back Verline Davis as she dives into the common myths and misunderstandings surrounding business entities and credit. She also provides actionable tips to help you make informed decisions about your business. So, whether you're an entrepreneur just starting out or a seasoned business owner, understanding the fundamentals of business structures and credit can make a huge difference in the success of your business. Vearline Davis is a Tax Strategist who helps clients with Advanced Tax Planning. Her journey began when she purchased several rental properties and was surprised to find out during tax time that she was not considered a Real Estate Professional and had very few write-offs. After years of research and from the experience of her previous CPA, she learned that not all tax professionals are created equal. Verline believes in the power of tax planning and enjoys seeing her clients transform and achieve financial success, and improves their overall well-being because they do not have that added stress running in the background. ________________________________ Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here: ⁠https://www.microfamilymavericks.com/casestudy⁠ Check out our podcast website! Thesharethewealthshow.com     Want to leave feedback or suggestions on our show? Take our survey: https://s.surveyplanet.com/c1xu5qdv  ________________________________ [01:20 - 08:49] LLC vs S Corp Business Entities Debunking misinformation about LLC What S Corp and C Corp do Cold Consultation with Verline Tax Planning Health Insurance and Savings [12:01 -25:23] Business Entitiy & Credit Masterclass Different strategies for every business Course About Fixing Credit Consumer Laws Business Car Approvals The truth behind Car Dealership [25:24 - 39:19] Closing Segment: The Final Questions Verline’s take on Diversification Choosing between Baltic Avenue and Boardwalk with the Monopoly game What wealth means to Verline What was the biggest obstacle Verline overcome Quote "Wealth means to me is the ability to live a free life style for a long period of time." - Verline Davis A lot of people today want to go wide instead of going deep, it's nothing wrong with diversifying because we should, we should have stocks, we should have maybe some crypto, we should have real estate, we should have all of these things, but we should educate ourselves enough in each one of them. - Verline Davis Connect with Verline! Website: www.Capitalvsolutions.com Instagram:   / capitalvsolutions   LinkedIn:   / capitalvsolutions   ___________________________________________ Let’s get connected! You can find Nicole on LinkedIn   / nicole-pendergrass   Instagram https://www.instagram.com/nvestornikk... Facebook   / nvestornikki   or Visit her website https://noirvestholdings.com