LLC or what? and then what specific advantage are there to this?
2007-01-15 18:31:45 · 2 answers · asked by Sizzle Pizzle 3 in Business & Finance ➔ Taxes ➔ United States
LLC is beneficial for the limited liability it provides but other forms of a business entity is a S Corporation. This is not an election or claim that you make when you file your taxes. You have to do it beforehand.
Go to a CPA and get some help.
2007-01-18 05:38:31 · answer #1 · answered by Nusha 5 · 0⤊ 0⤋
no longer real. short term valuable factors are taxed at your situation-free tax cost. you are able to assume the stockbroker to have a lots bigger earnings, and specific be interior the 35% bracket. His benefit could be taxed at his situation-free earnings cost. lengthy term valuable factors are taxes at 15%. EDIT: ok, i'm going to play alongside. think the inventory is going south and the billionaire takes a loss. he's taken on threat. additionally, presuming the dishwasher lives interior of his potential, what prevents him from determining to purchase an identical inventory? think the two human beings do this, on an identical day, on an identical cost yet in distinct parts of shares. They the two sell on an identical day for an identical cost. below the fast term undertaking, the dishwasher advantages as a results of fact his tax cost is decrease. below the lengthy term undertaking, they could pay an identical cost of tax. Is that unfair?
2016-12-13 08:26:25 · answer #2 · answered by ? 3 · 0⤊ 0⤋