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Old 02-22-2018, 01:47 PM
  #9  
RockyBoy
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Joined APC: Jun 2007
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Originally Posted by Baradium View Post
Are you keeping funds the LLC earns in the LLC? Or are you taking them out as income at this time?

I'm not sure what kind of things you can buy for real estate, but I'd assume that a work vehicle would be plausible depending on the scale she's doing. There are usually a lot of things that can go against the income expense wise.

In my case my LLC is for a farm... but for that the hard part is just getting enough income to offset the expenses in general. Starting off with 30+ y/o equipment doesn't help though.
Retained earnings in an LLC are still taxed unless you set it up as a S-corp which doesn't make sense for any small business.
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