Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Beginners Board
make money
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Sir Loin" data-source="post: 868800" data-attributes="member: 5601"><p>OK I watched you'll kick this one around long enough.</p><p>Here is the answer to making money in the cattle business.</p><p></p><p>Do it the same way those who are successful in it do it.</p><p>One word! "INCORPORATE"!! Form an LLC.</p><p></p><p>You own everything, the LLC leases or rents everything from you.</p><p>The LLC will have a loss and it is carried over to your personal income, which should make your other taxable income tax free. If it doesn't, you need to raise the rent on the LLC.</p><p></p><p>Remember, everything you ever heard about benefits and golden parachutes for the big boys, can legally also be yours if you only incorporate.</p><p>Most people think of a corporation as being "taxed twice " but in reality it is really being "paid twice".</p><p></p><p>The key is that you must have other taxable income.</p><p>If you don't, then there is no need to incorporate except to avoid liability to protect your personal assets.</p><p></p><p>Think about it!!</p><p>SL</p></blockquote><p></p>
[QUOTE="Sir Loin, post: 868800, member: 5601"] OK I watched you’ll kick this one around long enough. Here is the answer to making money in the cattle business. Do it the same way those who are successful in it do it. One word! “INCORPORATE”!! Form an LLC. You own everything, the LLC leases or rents everything from you. The LLC will have a loss and it is carried over to your personal income, which should make your other taxable income tax free. If it doesn’t, you need to raise the rent on the LLC. Remember, everything you ever heard about benefits and golden parachutes for the big boys, can legally also be yours if you only incorporate. Most people think of a corporation as being “taxed twice “ but in reality it is really being “paid twice“. The key is that you must have other taxable income. If you don’t, then there is no need to incorporate except to avoid liability to protect your personal assets. Think about it!! SL [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Beginners Board
make money
Top