Announcement
Collapse
No announcement yet.
Anyone here owns LLC. I want to create one.
Collapse
-
Originally posted by BostonGuy View PostIf the sole purpose of creating the LLC is to avoid taxes with no economic substance then the IRS will undoubtedly disallow it. This is hair brained idea and really just common sense.
“Yo mane, I’m gonna setup dis LLC and deduct all muh personal expenses. I’m gonna save so much in taxes, yo.” Are you that dense, Butler?
Comment
-
Originally posted by siablo14 View PostWoah.
He is paying $500 extra for a service that Google alert provides for free.
Comment
-
Originally posted by turnedup View PostOne of my businesses is under FDA overview so yeah I am not going to rely on google to keep me lawfully operating over $500. If I fk up anything its a federal beef, anyone in business pays for the luxury of not having to pay lawyers on federal beefs.
What are some of the other benefits?
Comment
-
Originally posted by siablo14 View PostI gotcha but there has to be more benefits to using Legalzoom than just giving you alerts that Google Alerts can.
What are some of the other benefits?
Comment
-
Originally posted by turnedup View PostInsulation and peace of mind. Anything lapses or isn't renewed and your azz is covered, anything changes in terms of how you can operate and you weren't aware it's legalzoom's job to notify you. The alternative is to have lawyers on retainer year round keeping you abreast of all of these changes. My lawyers cost me $375 per hour, per attorney...it's a hell of a lot cheaper to have legalzoom do that **** for a few hundred a year.
Comment
-
Originally posted by BostonGuy View PostYou want the Saul Goodman of CPAs?
I'm the kind of CPA that pushes the envelope and advocates fiercely for my clients but also don't put them at unnecessary risk. If I created a tax shelter for the sole purpose of avoiding taxes, the risk is not worth the reward.
If this scheme saves you $10K in taxes but will cost you $30K if you get caught - ask yourself is this an acceptable risk to take for this amount of money?
Comment
-
Originally posted by B.UTLER View PostI'm just a lowly employee making low 6fig... i aint a baller with multiple LLCs and own bars and restaurants and ****
Comment
Comment