Legal Question in Business Law in Nevada

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.

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

1 Answer from Attorneys

John Courtney John Peter Lee, Ltd.

This question is probably best for a CPA.

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Answered on 8/19/13, 2:57 pm


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