If you are working as a contractor and make above a certain wage it can be worth it to setup your own LLC/S-corp. I did it one year at the advice of my CPA and it immediately knocked off 30% of my AGI. Lowered my pass thru income and tax liability. Saved me many thousands over 20 years. Its what every corporation in America does.
What did you do just pay yourself in options and drive the stock price up with buy backs? I guess you could buy your competition and load them up with all of your debt while paying you and your friends bonuses.
I’m pretty sure that doesn’t work for small corporations where no one else even knows you exist. The share value is likely just going to be the company’s net asset value.
If you are working as a contractor and make above a certain wage it can be worth it to setup your own LLC/S-corp. I did it one year at the advice of my CPA and it immediately knocked off 30% of my AGI. Lowered my pass thru income and tax liability. Saved me many thousands over 20 years. Its what every corporation in America does.
What did you do just pay yourself in options and drive the stock price up with buy backs? I guess you could buy your competition and load them up with all of your debt while paying you and your friends bonuses.
I’m pretty sure that doesn’t work for small corporations where no one else even knows you exist. The share value is likely just going to be the company’s net asset value.