Thread: Industry Leading without Profit Sharing??
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Old 10-05-2014 | 09:50 AM
  #123  
flybywire44
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Originally Posted by Thedude
Quote:





Originally Posted by flybywire44


Start an LCC, and don't get paid.




???
Did you mean an LLC?
I have never delved into the depths of an LLC or a type S corp but I am pretty sure it doesn't work that way.
I did mean LLC. Sorry for the typo.

You can also put the LLC in your child's name. Consult a reputed tax attorney if you're interested.
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