Making a profit generally requires minimizing the amount of money you are expending, and in many situations, this means limiting the amount of money you are paying in taxes. The United States Supreme Court has issued rulings defending the right of every American to legally seek to reduce the amount of taxes he or she pays, a practice called tax avoidance. Knowing how you can legally avoid taxes can be very beneficial to your business.
The Des Moines business attorneys of LaMarca Law Group, P.C. have years of experience helping business owners maximize their profits and work towards solutions to legal concerns. To learn how you can take advantage of our experience, contact us today by calling (877) 327-2600.
It is in the best interest of your company to maximize the amount of working capital by limiting the amount you are paying in taxes. Some good ways to reduce your tax burden may include:
- Organize a separate legal entity to control your business interests
- Donate additional funds to your company, taking the tax burden off of yourself. Legally speaking, your money will be made by your company, not you.
The US Tax Code can be complex to the uninitiated; it can help to discuss your legal options with an experienced business attorney before taking any serious actions.
If you or someone you love owns a company and has any legal concerns, the Des Moines business attorneys of LaMarca Law Group, P.C. may be able to help. Contact us today by calling (877) 327-2600.