Rule #1
Rule of 72
Create Your LLC: With your own business, you’ll have the opportunity to create your own limited liability company (LLC). This will protect your personal assets from any liabilities your business may incur.
Rule #2
Power of Zero
As a business owner, you have the privilege to write off all your trips (YES ALL) like our Hawaii or Australia Trips. That means your vacations and even your residential rental property expenses can be written off!
Rule #3
DIME Method
Utilize Augusta Rule: RENT YOUR PRIMARY HOME 14 days out of the year! This rule allows you to host business events in your home and write off the expenses associated with it.
Rule #4
Reducing Tax
Put your kids on payroll: Kids 18 year old and below can save you $13,850 per year income, Medicare and Social Security Tax Exempt– State Tax (May Apply). Another incredible benefit of owning a business is that you can hire, pay, and write off these benefits. Huge tax savings for you and your business!