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Author: eurotrash01 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: CPA Ideas Requested - PHC Test Date: 8/31/2001 12:37 AM
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I'm just kicking around ideas at the moment, and am not about to incorporate any time please feel free to suggest some possible ideas without fear that I might jump into dangerous waters.

I certainly would speak to an expert first.

Anyhow - I am just now considering options. I have no real business (yet) to consider, but may start one some day in income properties/real estate.


- tax minimization
- limited liability
- desire to pay for things like auto/insurance/SIMPLE plans/health checks/home office/education with pretax earnings
- income stream diversification (away from US equities)

Wondering how one might set oneself up using LLC/S Corps/C Corps and the Nevada versions thereof. Currently gainfully employed, but looking forward to the day that I might work for self/live off investments.

Is a house/car best owned in an LLC? Might I hold high dividend-paying stocks (REITs) in a C Corp in tandem with a small real estate business in order to avoid passing the PHC tests?

Just to simplify and make the variables simple...let's say you woke up and had free and clear $3-5MM dollars** and wanted to find a way to structure yourself with the priorities listed above. How would you set yourself up? Married...2 kids (7 & 9.)

Always eager to hear about the pitfalls out there.


** - $3-5MM not my actuals...just fishing here...
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