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Could one make an LLC for the purposes of investing in crypto

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Thread replies: 9
Thread images: 2

Anonymous
2017-06-06 05:24:09 Post No. 2306752
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Anonymous 2017-06-06 05:24:09 Post No. 2306752 [Report]

Could one make an LLC for the purposes of investing in crypto currency so that the IRS can't ream you personally?

Would this work? If so, how?

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Anonymous 2017-06-06 05:25:00 Post No.2306763
[Report]

Anonymous 2017-06-06 05:25:00 Post No.2306763 [Report]

>>2306752
If you have enough money, ask a lawyer

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Anonymous 2017-06-06 05:27:46 Post No.2306791
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Anonymous 2017-06-06 05:27:46 Post No.2306791 [Report]

That doesn't seem like a practical way to hunt

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Anonymous 2017-06-06 05:28:31 Post No.2306802
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Anonymous 2017-06-06 05:28:31 Post No.2306802 [Report]

>>2306752
H I G H T E S T
I
G
H
T
E
S
T

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Anonymous 2017-06-06 05:30:03 Post No.2306813
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Anonymous 2017-06-06 05:30:03 Post No.2306813 [Report]

You would end up paying more taxes probably

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Anonymous 2017-06-06 05:38:07 Post No.2306890
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Anonymous 2017-06-06 05:38:07 Post No.2306890 [Report]

MSB

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Anonymous 2017-06-06 05:40:20 Post No.2306921
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Anonymous 2017-06-06 05:40:20 Post No.2306921 [Report]

>>2306813
This. Not to mention there are probably strick laws for an LLC dealing with financial instruments. Also as a single owner LLC you pay taxes the same as an individual in burgerland.

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Anonymous 2017-06-06 05:43:24 Post No.2306948
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Anonymous 2017-06-06 05:43:24 Post No.2306948 [Report]

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I think someone explained to me once that basically if youre talking about over 100k then an S-corp is a better option (for lower taxes) than an LLC, might be worth looking into.

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Anonymous 2017-06-06 05:56:41 Post No.2307056
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Anonymous 2017-06-06 05:56:41 Post No.2307056 [Report]

Damn. It seems no matter wtf we do the government will find a way to take all our fucking money.

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