3 ms·
And they know when it’s right and wrong. Recently I asked Claude if I should convert my LLC to an S Corp for tax savings, and it sang the praises of how much I
by mikeocool 10mo ago
And they know when it’s right and wrong.
Recently I asked Claude if I should convert my LLC to an S Corp for tax savings, and it sang the praises of how much I’d save if I did this.
When asked my accoutant, he pointed out that since I live in NYC, the S corp would be taxed in such a way that would completely wipe out the tax advantage I’d get elsewhere, and I’d likely end up paying more if I did this.
- antinomicus 10mo agoDid you tell the LLM you were in New York though?