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Updated over 6 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Keith Turner
  • Milwaukee, WI
1
Votes |
7
Posts

Private Money Tax Shielding

Keith Turner
  • Milwaukee, WI
Posted

I have a family member (mother in law) who runs a day care and recently received a certification that gives them more money from the state. She wants to lend me private money for REI because she's both interested and want's to get profits off the books because of taxes.

Is there any way that she (the daycare) could lend me money and/or invest in properties with me with profits to avoid taxes? 

Facts

-The daycare is a C Corp

-I'm not affiliated with daycare directly (my wife is a full time salaried employee)

-I'll be operating out of an LLC

  • Keith Turner
  • Loading replies...