Mark

Hey, good afternoon. My wife and I created an LLC and basically for any business ventures that we wanted to take and also prep for like another endeavor after I retire from the fire service. And so we are wanting to add our daughters to our LLC that we created. So instead of having them as employees for this business, they'll be owners.

Hey, good afternoon. My wife and I created an LLC and basically for any business ventures that we wanted to take and also prep for like another endeavor after I retire from the fire service. And so we are wanting to add our daughters to our LLC that we created. So instead of having them as employees for this business, they'll be owners.

I can save costs for the business and my daughters, more money for investments, more money for inheritance. How big of a business is this? I'm just starting it out right now. So it's just at the ground level. And I'm just trying to prevent getting taxed to death. We're in the state of Washington, and the governor and everybody else wants to tax us to death.

I can save costs for the business and my daughters, more money for investments, more money for inheritance. How big of a business is this? I'm just starting it out right now. So it's just at the ground level. And I'm just trying to prevent getting taxed to death. We're in the state of Washington, and the governor and everybody else wants to tax us to death.

I can save costs for the business and my daughters, more money for investments, more money for inheritance. How big of a business is this? I'm just starting it out right now. So it's just at the ground level. And I'm just trying to prevent getting taxed to death. We're in the state of Washington, and the governor and everybody else wants to tax us to death.

So I have my view of, yeah, this sounds pretty great. I think it'll work. I've taken considerations of, okay, how much, what percentage would they own or have in the LLC situation? But, of course, it's just my view. I'm curious what your views are, what your concerns that you see might happen in the future.

So I have my view of, yeah, this sounds pretty great. I think it'll work. I've taken considerations of, okay, how much, what percentage would they own or have in the LLC situation? But, of course, it's just my view. I'm curious what your views are, what your concerns that you see might happen in the future.

So I have my view of, yeah, this sounds pretty great. I think it'll work. I've taken considerations of, okay, how much, what percentage would they own or have in the LLC situation? But, of course, it's just my view. I'm curious what your views are, what your concerns that you see might happen in the future.

Um, having ownership in it. I mean, one of the main concerns is like, I went to a workshop yesterday and the state brought in all the different like department of revenues, et cetera, uh, uh, secretary of state. Um, so the, the one thing that I'm trying to prevent is, uh, it's like, you don't know if social security is going to be there.

Um, having ownership in it. I mean, one of the main concerns is like, I went to a workshop yesterday and the state brought in all the different like department of revenues, et cetera, uh, uh, secretary of state. Um, so the, the one thing that I'm trying to prevent is, uh, it's like, you don't know if social security is going to be there.

Um, having ownership in it. I mean, one of the main concerns is like, I went to a workshop yesterday and the state brought in all the different like department of revenues, et cetera, uh, uh, secretary of state. Um, so the, the one thing that I'm trying to prevent is, uh, it's like, you don't know if social security is going to be there.

So I want to try and eliminate them having to pay social security if possible. Um, uh, 22, 22, and 20.

So I want to try and eliminate them having to pay social security if possible. Um, uh, 22, 22, and 20.

So I want to try and eliminate them having to pay social security if possible. Um, uh, 22, 22, and 20.

I haven't talked to them yet. I've talked to my wife about adding them, but I'm just trying to get all the answers to any possible questions before we even offer this up.

I haven't talked to them yet. I've talked to my wife about adding them, but I'm just trying to get all the answers to any possible questions before we even offer this up.

I haven't talked to them yet. I've talked to my wife about adding them, but I'm just trying to get all the answers to any possible questions before we even offer this up.

They have the desire. They want to work the business.

They have the desire. They want to work the business.

They have the desire. They want to work the business.