Message Font: Serif | Sans-Serif
No. of Recommendations: 0

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...
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.