Legal Questions and Answers

Get free proposals from vetted lawyers in our marketplace.

No upfront payment required. Pay only if you hire.


Business Contract


Asked on Mar 28, 2022

Would creating an investment LLC benefit me?

I am an active day trader (and may invest in real estate this year) so, would setting up an "investment LLC" be a benefit for me and help me lower my tax obligation when taking monthly profits as part of my "salary"? Should I include my wife as an employee and pay her as an expense? And, my sons, to a lesser degree? Would Capital gains be calculated differently if I just invested as an individual? Is an LLC the best corporate type of filing? Thank you, Peter F.

1 Attorney answer




Answered 159 days ago

Jane C.

ContractsCounsel verified

Business Lawyer
Licensed in Connecticut, District of Columbia, New York
Free Consultation

I suggest you consult with an attorney and speak to your accountant as to how to best structure the set up.

Meet some lawyers on our platform

John P.

7 projects on CC
View Profile

Gregory B.

52 projects on CC
View Profile

Elbert T.

1 project on CC
View Profile

Angela Y.

3 projects on CC
View Profile