Albany, GA asked in Business Law for Georgia

Q: I want a company pay my business instead of me and then use those funds to so that I don't show as much personal income?

I first want to know if this is legal and if so how do I set this up

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1 Lawyer Answer
T. Augustus Claus
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Answered

A: First and foremost, I must emphasize that I'm not a tax attorney, but I can provide you with some general guidance. The structure you're referring to may involve creating a separate legal entity, such as a corporation or a limited liability company (LLC), for your business. By having the company pay your business directly, the income would be reported under the business entity rather than your personal income.

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