Sarah Mahaffa

1 month ago | bedelfinancial.com | Evan Bedel |Sarah Mahaffa |Austin Stagman |David Crossman

What if I told you there was a strategy that allows your child to build wealth in a tax-advantaged account and benefits both your business and your child's financial future. Interested? Read on…Step 1: Set Up an LLC for Your ChildAs a business owner, you may want to explore the tax advantages of employing your children, especially when taking advantage of the 1099 income structure and, as a side benefit, introducing them to entrepreneurship.