Adam Torkildson

Sometimes it's better as a C corp, but if you're like a gig worker or a freelancer, or it's just, you're a solopreneur of some kind, get an LLC and register as an S corp. And that's going to give you a lot of these tax benefits. Did you have anything else?

Well, I don't know specifically all those details, but a scenario that I believe will work is if company A owns house A and company B rents that house from company A, as long as you have two separate entities you're working with, then it's basically a one-to-one ratio. And so multiple companies, you will need multiple entities that own those properties.

Well, I don't know specifically all those details, but a scenario that I believe will work is if company A owns house A and company B rents that house from company A, as long as you have two separate entities you're working with, then it's basically a one-to-one ratio. And so multiple companies, you will need multiple entities that own those properties.

Well, I don't know specifically all those details, but a scenario that I believe will work is if company A owns house A and company B rents that house from company A, as long as you have two separate entities you're working with, then it's basically a one-to-one ratio. And so multiple companies, you will need multiple entities that own those properties.

But again, I've never been in that specific situation, but I've got to imagine if the tax code works the way that it does for one entity and one personal residence with that one-to-one ratio, you should be able to extrapolate that to multiple entities and multiple companies.

But again, I've never been in that specific situation, but I've got to imagine if the tax code works the way that it does for one entity and one personal residence with that one-to-one ratio, you should be able to extrapolate that to multiple entities and multiple companies.

But again, I've never been in that specific situation, but I've got to imagine if the tax code works the way that it does for one entity and one personal residence with that one-to-one ratio, you should be able to extrapolate that to multiple entities and multiple companies.

Second one, this also is for people who have at least one LLC taxed as an S-corp. And this is going to apply to you if you have kids that still live with you under the age of 17 or under the age of 18, I should say. So there's a really cool entity type called a family management company. And you can do all kinds of cool things with this entity.

Second one, this also is for people who have at least one LLC taxed as an S-corp. And this is going to apply to you if you have kids that still live with you under the age of 17 or under the age of 18, I should say. So there's a really cool entity type called a family management company. And you can do all kinds of cool things with this entity.

Second one, this also is for people who have at least one LLC taxed as an S-corp. And this is going to apply to you if you have kids that still live with you under the age of 17 or under the age of 18, I should say. So there's a really cool entity type called a family management company. And you can do all kinds of cool things with this entity.

And it's literally just an LLC that has its own EIN number and its own bank account. That's all you really use it for. And I think what may have happened a long time ago is a lot of criminals started to use this entity to funnel money outside of the United States. But it's still on the books, this entity. this entity type, the family management company.

And it's literally just an LLC that has its own EIN number and its own bank account. That's all you really use it for. And I think what may have happened a long time ago is a lot of criminals started to use this entity to funnel money outside of the United States. But it's still on the books, this entity. this entity type, the family management company.

And it's literally just an LLC that has its own EIN number and its own bank account. That's all you really use it for. And I think what may have happened a long time ago is a lot of criminals started to use this entity to funnel money outside of the United States. But it's still on the books, this entity. this entity type, the family management company.

Talk to your CPA about it if you want to know more. And what I use it for specifically is to pay my kids out of. So the actual flow of money goes like this. I have up to, I think it's like $1,300 a month per kid that I can pay into the family management company. And then the family management company distributes the money into each of those kids' bank accounts.

Talk to your CPA about it if you want to know more. And what I use it for specifically is to pay my kids out of. So the actual flow of money goes like this. I have up to, I think it's like $1,300 a month per kid that I can pay into the family management company. And then the family management company distributes the money into each of those kids' bank accounts.

Talk to your CPA about it if you want to know more. And what I use it for specifically is to pay my kids out of. So the actual flow of money goes like this. I have up to, I think it's like $1,300 a month per kid that I can pay into the family management company. And then the family management company distributes the money into each of those kids' bank accounts.

And as with most IRS rules, there's a couple of caveats. Essentially, you have to be able to prove that your kids are doing work for your company. And fortunately for me, I've got teenagers, and I've been having them work for me since they were really young. And I've taught them how to do all these things.

And as with most IRS rules, there's a couple of caveats. Essentially, you have to be able to prove that your kids are doing work for your company. And fortunately for me, I've got teenagers, and I've been having them work for me since they were really young. And I've taught them how to do all these things.

And as with most IRS rules, there's a couple of caveats. Essentially, you have to be able to prove that your kids are doing work for your company. And fortunately for me, I've got teenagers, and I've been having them work for me since they were really young. And I've taught them how to do all these things.

on the internet that they never would have learned at school, but that are fairly basic things you have to know if you're at a corporate job. Things like how to respond to emails. So one of my kids, that's all they do for me is respond to customer support emails. And there are principles with how you do that, like the tone of voice you use when you send emails.