#413 Open Forum | Your Questions Our Answers
Main Street Business
00:00
I Have an Opportunity to Buy, LLC Taxes, S-Coropan Partnership
Luke: I have an opportunity to buy into a small percentage of my employer, which is a financial services partnership. In that situation, would the IRS want my reasonable salary to at least be the guaranteed payments received from the partnership or kind of have a lower salary and still meet the reasonable comp threshold? Ethan: Great question, Luke, and you're on the right track. Get an S-Corop, LLC Taxes and S-coropan, or just an S- Coropan to own your percent in this partnership, LLC. None of this money should go to you directly. Then after the fact, which we've talked about many times before, all of you get over to
Transcript
Play full episode
