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