010. Build Generational Wealth by Paying your Kids in Your Business

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode we're talking about paying your kids to work in your business. This is a great way to save on taxes, as well as teaching your kids work ethic and financial literacy. We go over legal requirements, upfront tax savings, ways to leverage this strategy to build generational wealth, and much more.

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*None of this is meant to be specific investment advice, it's for entertainment purposes only.