So this thread is here so that you can explain your best tips and tricks when running an LLC so I can steal all your stuff and use it for myself.
I just created an LLC to deal with my crypto mining income. Here are some questions I have.
Better to pay myself a wage or take profits?
If I "hire" my kid to maintain my operation do I have to pay FICA and **** like that?
If I lease my LLC space in my house do I have to claim the income from the lease as personal income?
If I make a lot of investment in equipment in 2021 that exceeds revenue by a lot can I claim some of it in 2022 when I'm in profit mode?
Anything else I don't know that I don't know?
I just created an LLC to deal with my crypto mining income. Here are some questions I have.
Better to pay myself a wage or take profits?
If I "hire" my kid to maintain my operation do I have to pay FICA and **** like that?
If I lease my LLC space in my house do I have to claim the income from the lease as personal income?
If I make a lot of investment in equipment in 2021 that exceeds revenue by a lot can I claim some of it in 2022 when I'm in profit mode?
Anything else I don't know that I don't know?