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re: Self employment tax, best structure to have in place to eliminate??

Posted on 1/20/17 at 3:12 pm to
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35668 posts
Posted on 1/20/17 at 3:12 pm to
I'm an LLC that is treated like an SCorp. Works great for me.
Posted by Sho Nuff
Oahu
Member since Feb 2009
11937 posts
Posted on 1/20/17 at 4:17 pm to
quote:

I'm an LLC that is treated like an SCorp. Works great for me.

Same here
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 1/20/17 at 4:51 pm to
quote:

I'm an LLC that is treated like an SCorp. Works great for me.



Ditto
Posted by TigerDeBaiter
Member since Dec 2010
10272 posts
Posted on 1/21/17 at 2:56 am to
quote:

I'm an LLC that is treated like an SCorp. Works great for me.


Same. Keep your salary as low as you can, but be reasonable.
Posted by BLM
ATL
Member since Oct 2011
749 posts
Posted on 1/21/17 at 9:43 am to
Same here. LLC taxed as s-corp. We've bumped salaries down to reasonable level and take distributions. Not sure your business, but the lowered payroll burden also saves us some money on G/L and WC insurance (construction biz). This wasn't something I considered when we first set everything up.
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