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Still looking into it. I created a

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ErnieBilco Member Level  Wednesday, 07/22/20 12:56:56 PM
Re: creede post# 449
Post # of 506 
Still looking into it. I created a corporation last year and have not put anything into it's accounts yet. So if I create a trading account that would be its asset and then I would be able to buy "company" things to reduce the taxable income it makes. There are so many more expenses in a company than a household that are deductible as business expenses. I could add other revenue generating businesses under the corp umbrella. Been kickin the idea around since formation but have been procrastinating.

I think now would be a good time to jump into it.

You bought what?Really?
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