Re: Setting up companies for tax benefits
I understand. Maybe I can put it in a way that would make it more clear.
Basically I am making an investment in a company. The return on my investment will depend on the profit of the company. The return on my investment will be paid every two weeks.
If it was allowed, I would make this investment using money from something like my Roth IRA, that way, I would not have to pay very high taxes on my return.
I am pretty sure I can't use my Roth IRA to make this investment. I am wondering what other types of investment accounts or business entities I could/should use to help with taxes.
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