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Assuming I wanted to buy a few of these, what's the best way to get the cash out at the end of it all? Create an LLC, have the LLC buy the sites, then just do d
by alasdair_ 5y ago
Assuming I wanted to buy a few of these, what's the best way to get the cash out at the end of it all? Create an LLC, have the LLC buy the sites, then just do dividends or something?
I'm kind of hazy on how to fund such an LLC to buy stuff in the first place - do most people structure the initial money as a loan so it's tax free?
I'd love to hear practically-speaking how to do this on a small scale.
- snypher 5y agoI'm hoping experts will arrive to tell me why I'm wrong - but I think you just buy stock in your LLC at whatever price, or you can loan the LLC the money at whatever terms.
- hinkley 5y agoYou could pay yourself a salary, but right now capital gains are still more tax efficient. I have often wondered how providing yourself insurance and a dollar salary works out financially.
- sakopov 5y agoYou can start a Directed IRA and literally buy and sell whatever you want tax free.
- icedchai 5y agoThe best way to get cash out is to not get cash out. You run "business expenses" through the company: laptops, your internet, cell phone, monitors (maybe you need a really big one, like a TV size.) Get creative. It's like getting a ~40% discount on everything you buy that way, since you're paying with pre-tax money. If you're lucky, you'll have very little profit. Pay yourself a small distribution with some of the remaining cash.
- bemmu 5y agoI’m not in the US, but can’t you be a sole proprietor and add the income to your tax return?
- HeyLaughingBoy 5y agoYes, that is by far the easiest way and it's how most businesses are structured. https://taxfoundation.org/us-has-more-individually-owned-businesses-corporations/ https://taxfoundation.org/us-has-more-individually-owned-bus...