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Business Contracts

Limited Liability Company Agreement

Michigan

Asked on Feb 6, 2022

Is it wise to start a single-member LLC to invest in Cryptocurrency and the Pot Stock market

I have/had an LLC that is a marketing company for D2D sales. Obviously, since COVID we are all out of business. I have been investing in crypto since 2016. I lost almost all of my money in the "ONECOIN" cryptocurrency SCAM. Now I am well educated in the market and believe I will make millions in the Crypto and Metaverse market. I am interested in the tax benefits and protection of the money in my family accounts from retirement and IRAs.

1 Attorney answer

Answer

Business Contracts

Michigan

Answered 202 days ago

David H.

ContractsCounsel verified

Business Lawyer
Licensed in Michigan
Free Consultation

Hello, I'm a Michigan licensed attorney. I also research and invest in Bitcoin another cryptocurrency. It looks like your question has a couple of facets to it. One being protecting your personal finances from cryptocurrency losses, but also including them in a future investment tool such as an IRA. There are different tax consequences depending on how you you move forward and what structure you choose. I can help you with this. Depending on how you choose to move forward emails from you an accountant / tax attorney.

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