4 ms·
Sounds like the whole “set up a company and let us buy shares” was a tax dodge and this kid’s ignorance got him burned
by permatech 7y ago
Sounds like the whole “set up a company and let us buy shares” was a tax dodge and this kid’s ignorance got him burned
- gjmacd 7y agoNot sure about the tax dodge, but more about the Dad loaning him $20K and getting something from the investment. I think a lot of people just do "DBA's" and think "I'll just cash that as an alias DBA..." -- there's implications to that. But if the money is not a lot, under $10K, it's not worth worrying about