Quote:
Originally posted by scorpion3600
Is this possible? You setup 10 companies that each earn just under 50k. In Nevada, that's 15%. So 500k x 15% = 75k tax vs. 1 company with 500k in earnings ~ 150k in taxes
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Better yet,
Set up a parent corp and an equity corp. Set all of your sub corps under the parent corp. Have the parent corp borrow money from the equity corp. Have the sub corps fund the parent corp. Have the parent corp repay the loans from the equity corp to further offset taxes.