People of Reddit, I just had a crazy thought. I'm just starting my MBA program so y'all can use any lingo u want. Pretty much, I'm already beginning to do several financial ventures because my job pays sh!t. Pardon the language but I work in IT in NJ and I'm making $35,000 a year fresh outa college. I want a job and apartment in NYC or maybe a nice house but after tax, I barely have enough to afford a car payment and rent which is why I'm living at home with a car my parents gave me.
I'm about to buy property to rent but I also started a small consulting company to do on the weekends (its for people at home and their internet/wifi) and then I want to run several websites and hire freelancers to build it. I could write it myself but just dont have the time. All doing this while keeping my day job. To protect each venture, I was told to start an LLC for each. I could make myself the owner of them all. However, what if I were to create an LLC that owned all these sub LLC businesses or incorporate the parent company that owns these LLCs? Does it make financial sense to do this or should I just simply stick to keeping myself as the owner? I realize that taxes pretty much make or break these things which is why I ask what would work ideal
Submitted September 17, 2017 at 07:18PM by electrowiz64 http://ift.tt/2wzlfx1
