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<blockquote data-quote="Brute 23" data-source="post: 1640895" data-attributes="member: 6291"><p>I dont think moving things in to LLCs or Corporations help. You are still listed as an owner or share holder or what ever capacity you are. If that LLC or Corp has value it will show up in your name. Plus you could get in to double taxation and other messy stuff that would definitely not make it worth while.</p><p></p><p>I know people like to think you are sheltered from income or liability with llcs and corps but your really not.</p><p></p><p>If you want to play games with money you have to get tax sheltered things like foundations or non-profits and pay yourself for "running" them... or start a church. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="Brute 23, post: 1640895, member: 6291"] I dont think moving things in to LLCs or Corporations help. You are still listed as an owner or share holder or what ever capacity you are. If that LLC or Corp has value it will show up in your name. Plus you could get in to double taxation and other messy stuff that would definitely not make it worth while. I know people like to think you are sheltered from income or liability with llcs and corps but your really not. If you want to play games with money you have to get tax sheltered things like foundations or non-profits and pay yourself for "running" them... or start a church. :) [/QUOTE]
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