Saturday, August 20, 2005

Sweat Equity LLC Contributions

Small business owners should be sure to maintain the advice of relevant professionals in the field of accounting, taxes, and law.

One frequent problem that I see is that Sweat Equity LLC Investors don't take into account the potential tax treatment of their contribution. What difference can it make? Well, for one thing it can trigger self-employment tax. This can be big.

Be sure to plan your LLC contributions with a tax professional.

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