LLC or LLP — which dodges tax cleaner?

[Goodboy13]

starting a digi-biz built on nominee decks, ready to park funds via shell invoicing. now need the main wrapper. LLP or LLC — which one works better to slash tax, dodge filings, and keep me outta the BOI database? not trying to overcomplicate, just wanna stay rich and invisible.

 

[Labrat88]

starting a digi-biz built on nominee decks, ready to park funds via shell invoicing. now need the main wrapper. LLP or LLC — which one works better to slash tax, dodge filings, and keep me outta the BOI database? not trying to overcomplicate, just wanna stay rich and invisible.

LLC bro. 100%.

LLPs sound tax-flexy but they come with baggage. partners, filings, more oversight.

LLC gives you passthrough + option to elect how you wanna be taxed.

you can even flip from disregarded to S-corp if you’re feeling spicy later on

 

[Goodboy13]

LLC bro. 100%.

LLPs sound tax-flexy but they come with baggage. partners, filings, more oversight.

LLC gives you passthrough + option to elect how you wanna be taxed.

you can even flip from disregarded to S-corp if you’re feeling spicy later on

so i can play poor or play corp depending on the year?

 

[Labrat88]

so i can play poor or play corp depending on the year?

exactly. it’s like financial cosplay.

 

[Steven Cohen]

LLC’s the swiss army knife of entities
you wanna look broke? single-member, disregarded
you wanna stack deductions? elect corp status, run your fake salary through a Panama processor
LLP locks you into partnership reporting, and that’s just more paperwork for the IRS to sniff

 

[Horkos]

LLC’s the swiss army knife of entities
you wanna look broke? single-member, disregarded
you wanna stack deductions? elect corp status, run your fake salary through a Panama processor
LLP locks you into partnership reporting, and that’s just more paperwork for the IRS to sniff

also IRS loves going after LLPs when there’s passive partners

they see “limited” and go “limited protection, unlimited audit”

LLC? easier to disguise real structure behind nominee ownership and a boring purpose code

 

[LevelUpLarry]

also IRS loves going after LLPs when there’s passive partners

they see “limited” and go “limited protection, unlimited audit”

LLC? easier to disguise real structure behind nominee ownership and a boring purpose code

LLC’s the swiss army knife of entities
you wanna look broke? single-member, disregarded
you wanna stack deductions? elect corp status, run your fake salary through a Panama processor
LLP locks you into partnership reporting, and that’s just more paperwork for the IRS to sniff

LLP is basically saying “me and my buddy do business together and trust each other to not snitch”

LLC is “I don’t trust anyone, here’s a legal firewall and a tax code loophole”

 

[Labrat88]

plus you can slot your LLC under a Belize IBC or even a Nevis trust

now you’re doing business but no one knows who tf is really collecting the cash

LLP makes that harder — partnerships gotta be disclosed if one goes down

 

[Steven Cohen]

plus you can slot your LLC under a Belize IBC or even a Nevis trust

now you’re doing business but no one knows who tf is really collecting the cash

LLP makes that harder — partnerships gotta be disclosed if one goes down

also don’t forget the state angle

NM or WY LLC = low/no disclosure

try that with an LLP and you’re filling out 30 pages and getting profiled like a fintech bro

 

[Horkos]

LLCs also play nicer with digital payments
you show up to a merchant onboarding with an LLP, they start asking why your “partner” is in Bangladesh and hasn’t signed anything since 2021

 

[Goodboy13]

so no reason to ever use LLP in this game?

 

[Steven Cohen]

so no reason to ever use LLP in this game?

use it if you’re running a boutique law firm or yoga studio

not if you’re stacking passive crypto gains through staged invoicing

 

[LevelUpLarry]

LLP = taxes and trust

LLC = choices and chaos

pick your poison

 

[Labrat88]

LLC wins. unless you’re into drama, audits, and spreadsheets
then go LLP and enjoy hell

 

[Horkos]

thread concluded. if you still want an LLP after this, you’re the IRS