@originaldohnthornton: Most business owners eventually realize one painful truth: LLC income usually gets crushed by self-employment tax. So what do statutory law professionals recommend? “Switch to an S Corp.” But that’s still just another taxable statutory law structure. You still have: Payroll. Compliance. Public registration. Taxable events. That’s the half-measure most business owners settle for. A contract law spendthrift trust changes the structure completely. One option is replacing the LLC entirely with a contract law spendthrift business trust — a complete pass-through structure where the revenue flowing through it does not create taxable events. Or… keep the LLC and make the contract law spendthrift trust a minority member. Now large amounts of taxable income can flow from the LLC into the trust without triggering taxable events inside the trust. Plus, the trust provides powerful lawsuit protection and far greater privacy because it is not publicly registered with the state like an LLC / Corporation. Same business income. Completely different financial outcome (info purposes only; not a licensed tax, legal, or accounting professional) #taxdeductions #taxreduction #taxsavings
