|
PureBytes Links
Trading Reference Links
|
One thing you should keep in mind (as if you didn't know) is that not only are
taxes complicated - but decisions made for "tax reasons" have ramifications in
other areas. In the tax area - you're dealing with income taxes (state and
federal) - estate and inheritance taxes (state and federal) - sometimes
intangibles taxes (e.g., in Florida) - employment taxes - various taxes and
license fees on businesses - etc. Plus - if you live in one state - and do
business in another state through a separate business entity in another state -
there may be ramifications if you die - get divorced - etc.
The easiest thing in the world is to set up entities (like package
corporations). The much harder thing is to decide - in light of a client's
overall situation - how the client's situation should be structured overall. If
I were even considering becoming a multi-state entity (like living in Illinois
and having a business set up in Nevada) - I'd consult attorneys in both states
before doing it. Robyn
Brian Massey wrote:
> "Family Limited
> Partnership with an LLC as General Partner for trading vehicles in many
> cases.
> When used in conjunction with a separate Nevada entity this combination
> oftentimes affords the Trader a unique combination of tax relief, asset
> protection, privacy, and flexibility."
>
> Funny you should mention this...
|