Saylor said the Way to Wealth for every family is to incorporate. Example of $200k/yr cash flow dentist w/ Bitcoin treasury. Ok to be a corp of one.
@realBitcoinDog Media has cleared a $1k/profit yearly since ‘22! Should I go corporate?
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Yes. I am not familiar with income tax laws in the US but generally it is always beneficial to take some if not all of your income through a corporation.
I've definitely read that advice from several financial gurus.
I saved a ton in taxes over the years.
Even if my profit is so low?
Grow that profit RBD!
I don't know the tax laws well enough to say for sure.
I’m sure it’s beneficial
You haven't really made it until you've put bitcoin on a company balance sheet, preferably via issuing debt to acquire them
Yea but with only $1k cash flow I’m nervous about my “corporation” affording those meager debt payments
This post has gone viral!!
https://xcancel.com/stacker_news/status/1928647645674783110