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Avoid teams with only Chinese or Indians especially with a Chinese/Indian manager
I’m not talking about a side business you’re trying to get off the ground or a startup you’re building. Do you have a business, a legitimate registered LLC, C-Corp, S-Corp, etc that you use mainly for tax benefits? If you use it for other benefits, comment below!
https://www.listenmoneymatters.com/llc-vs-scorp/ they talk about the benefits of having an LLC or S-corp.
If you are just opening up a company to show expenses and thereby save on taxes on ur W-2 income, doesn’t the IRS find out and audit your ass?
You can only lose money for x number of years before the irs deems your business a hobby. That kind of business has to be profitable
One advantage of a Delaware LLC is the almost complete anonymity if you do it right.
How?
Most people here are w2 I imagine
That’s not the point. You can have a LLC that makes a few bucks a month to deduct some expenses.