LLC for small business

Adobe
Jiu67

Go to company page Adobe

Jiu67
Oct 6, 2018 18 Comments

Do any of you incorporated llc to avail the new tax benefits? Especially the 20% pass through taxation. If so, what kind of business are you incorporating for? Rentals / Stocks / interest income? I know rental income can be covered and applicable as a business. How about stocks and bank interest? And moreover how about your company stocks? Which state are you incorporating?

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TOP 18 Comments
  • Ca is annoying and require you to register California LLC
    Oct 6, 2018 6
  • Kaneva
    Player-1

    Kaneva

    Player-1
    Your business needs to clear 100K a year to be worth it.
    Oct 6, 2018 3
    • Kaneva
      Player-1

      Kaneva

      Player-1
      There's additional costs (quarterly filing, accounting) that come with incorporating, so the 100k is the approximate theshold where the tax rate difference will overcome those expenses.
      Oct 7, 2018
    • Adobe
      Jiu67

      Go to company page Adobe

      Jiu67
      OP
      The cost is 1200 for ca state for a year.
      Oct 7, 2018
  • Of course, free money plus liability protection. Massive tax cut this year as well.
    Oct 6, 2018 3
  • Intel / Design
    r68503

    Go to company page Intel Design

    PRE
    Broadcom Ltd., Motorola
    r68503
    Setting up and keeping LLC costs money (annual state registration fee, franchise tax, lawyer fee, etc.) each year. If you are running real estate property (landlord), filing schedule E, you really don't have to need to set up LLC. Protection from lawsuit also is not guaranteed if it was the owner's intentional negligence case.
    Oct 8, 2018 0
  • New
    DuQvV7x

    New

    DuQvV7x
    LLCs have always been awesome.

    Liability protection
    Ownership opaqueness
    Property transfers
    “Goodwill” write downs

    Yum.
    Oct 6, 2018 0