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Im new at this and i think i wrote this in another thread, maybe this is the place to post..
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Just started my own business and i have a 1.7MM Contract, that could leave me with 800k after expenses.
I have a LLC, and accountant, but i wanted to know from a investor stand point..
How can i invest those 800k, before Taxes eats them alive?? I dont have a problem to pay taxes for everything that investment does; but its there a way i could do this?? Or do i have to pay taxes then invest whats left?
My corporation is to do business in whatever generates income; so i could do whatever i want..
If i just use the money that its left after i pay the business expenses, to invest and just live from the earnings from that investment its ok for me..
Maybe work 4-5 year and work only with the investments.. Lets say buy a gas station and a property, then the next year, if i make 800k, buy a strip mall etc.etc.
Can i do this?? Or what do you recommend to invest before the taxes??
I just want to know if i need to pay taxes before investing on a commercial real estate or business, or can i invest all the earnings, and pay taxes from the earnings of that investments..
Thanks
JC
----
Just started my own business and i have a 1.7MM Contract, that could leave me with 800k after expenses.
I have a LLC, and accountant, but i wanted to know from a investor stand point..
How can i invest those 800k, before Taxes eats them alive?? I dont have a problem to pay taxes for everything that investment does; but its there a way i could do this?? Or do i have to pay taxes then invest whats left?
My corporation is to do business in whatever generates income; so i could do whatever i want..
If i just use the money that its left after i pay the business expenses, to invest and just live from the earnings from that investment its ok for me..
Maybe work 4-5 year and work only with the investments.. Lets say buy a gas station and a property, then the next year, if i make 800k, buy a strip mall etc.etc.
Can i do this?? Or what do you recommend to invest before the taxes??
I just want to know if i need to pay taxes before investing on a commercial real estate or business, or can i invest all the earnings, and pay taxes from the earnings of that investments..
Thanks
JC