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

Main Street Business

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Electrical Contracting - Should I Make an S Election for It?

mat said that electrical contracting should have its own llc. If you're making forty to 50 thousand net is, after all your expenses in this electrical contracting business, absolutely add an election to that l c. Have a separate entity, and don't add assets to it. Okay? So ma, let me add a little white board to ryan's question. Is a perfect question, ryan, where you might want to set up a one hour consult with one of the attorneys and have them build out your trifecta for the year with some action items. Uh, very affordable. And they'll save you the thousands. Oh my gosh! I didn't know Jay fox

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