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379: OPEN FORUM SHOW - Answering Difficult Tax, Legal & Business Questions

Main Street Business

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Having a Single Member LLC Ownered by a Partner in a Partnership?

When you in invest or partner in an llc with someone, you're going to get what's called a k one. It's like a b u two that employees receive. A k one kind of says, this is your gain. This is your lost. And then you got to go put that on your ten forty tax return. So if ary can vests in 22 companies,. He's going to get 22 freaking k ones. What do you think? Is there an asset protection angle on this? Like having a a cope entity, maybe on all these little startups? Uh, what'd you take on as on maybe an asset protection Angle? Then i'll maybe hit the accountant

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