Business
Business Contract
Connecticut
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
Answer
Business
Connecticut
Answered 698 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.
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