14 November 2025 | 4 replies
If you’re an LLC, take a draw; if you’re an S-Corp, you’d take a salary and then distributions from the rest.Good luck, and happy to connect if you have more questions!
23 October 2025 | 27 replies
You can expect cash flow to be about 5% of equity, so if you want to quit your W2 you need a fair amount of equity.Equity is hard to come by.
11 November 2025 | 29 replies
I unfortunately do t have that luxury, as my business is changing and I have to replace my salary very quickly here.
10 November 2025 | 3 replies
Actually it will slow you down as you will get trapped by the salary.1.
26 October 2025 | 3 replies
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17 November 2025 | 5 replies
There are different kinds of "F.I.R.E" and even though the teacher's salary may hold you back a bit having little liabilities is still an advantage.
24 November 2025 | 20 replies
If everything’s clean and documented, yes, this setup can lower your taxable income meaningfully, even with your $230K salary.
19 November 2025 | 25 replies
It is just hard to scale and pay executive salaries with that strategy.
21 November 2025 | 10 replies
As for adding an S Corp, it could make sense if you're looking to optimize taxes, especially if you plan to pay yourself a salary from the LLC and take advantage of pass-through taxation.
4 November 2025 | 6 replies
You could see if she can obtain a letter, paystub statement, etc from her employer showing that her salary is not being paid currently.