Tax strategies and business structures to reduce or eliminate taxes, legally, Learn the various corporate structures, and their legal, tax, retirement benefits, and limitations at this free, 2 day, online webinar, via ZOOM, by the Millionaire Maker herself
Loral Langemeier, seating is limited, click here now to save your spot, [ Ссылка ]
Learn how to save taxes with the correct business structure, and business tax strategies
First of all, once you pass the quarter million mark, you really do need to get a C corp. A C corp has a different tax year-end.
Say then you go and get a lease in an office in Nevada. You have a company, and you put your database over here. Now you're starting to divide. This is liabilities because you do business with the public. This is assets because you're protecting your assets. You have your database, your IP, your URLs, kiosks, over here.
Say this has a June 30 tax year-end. Even though you have done as much as you can, as much as you can, as much as you can. And you're still up 50,000 Can't you contract this company, and say, "Hey, I need to use your database for the next year. And I'm going to charge you $50,000 for a move of merchandise." If you have all your product over here, you could pre-buy, say $50,000 worth of product. Now this has product to sell out to his people. Make sense? Because you've zeroed out your tax.
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