Nevada  |  Business Law

Legal Question

Asked on: 8/19/13, 10:56 am

I am forming an LLC and I am interested in choosing to be taxed as a corporation to keep the LLC separate from my personal tax return. I would like to know if I can chose to not accept any profit as a salary and just reinvest all profit back into the LLC? The entity will be a Nevada LLC operating in New York if that matters.

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

133 Answers given in the last few hours.

8661 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search