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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (1089)	6/4/2000 9:42:00 PM
From: TonyAylward	Read Replies (1) \| Respond to of 1383

Thanks Colin, I have set up a Md LLC based on editing a template operating agreement - I am a PhD finance with some basic legal training so I reckon I can do all my own legal and accounting work. each year - this leaves the incremental cost of the LLC at about $250 which is for MD state filing ($50) and an hour of legal consultation to vet the structure I set up - I would not recommend this route to people generally though and I would recommend in any case getting legal and accounting advice. - the only thing I am not aware of is whether i can avoid paying self-employed Soc security tax as an active member of an LLC if i I am also employed elsewhere full time!!