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To: Alberta's Child

Your llc can elect to be treated as an s Corp and pay you a salary for part of your income. The remaining income would be eligible for 20% deduction.


57 posted on 12/31/2017 5:02:26 PM PST by Raycpa
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To: Raycpa

Right — thanks. My problem is that if I operate as an S-Corp then I have to register twice with my licensing boards (as an individual and as a corporation), and my public sector clients have much more stringent auditing requirements. I will probably do this at some point, but only after I bring on partners and/or hire permanent employees.


75 posted on 12/31/2017 9:41:45 PM PST by Alberta's Child ("Tell them to stand!" -- President Trump, 9/23/2017)
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