1 Answer

Jack Large

Karma: 68420

Yes, most LLC's owners are employees of the company, unlike "S" cooperations.

I personally am CEO of all of my LLC's

The point being I pay myself an annual salary and award bonus which are then taxed at the regular income rates, rather than at the higher Cooperate rates.

I have all my corporations based is Delaware as well, to reduce the overall tax rates so I can better fund my Charities.

Speak to a Tax Account, WBMS

13 years ago. Rating: 0
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