I am currently working on a business plan for a timber company. While start up costs to buy a track of land is relatively minimal, I do not have the funds. So I have thought about starting my company as an investment company. I envision starting the company by putting a down payment on a track of land and having investors make monthly payments to pay for the bank note.
My main question though is about taxes. To avoid having to pay taxes on the monthly payments received would it be best to issue stock for these payments? And thats how the company could avoid these payments being seen by the IRS as income?
Thank you to any contributors. I am learning much and growing every day. And greatly appreciate the advice of those more experienced than I.
Luis
My main question though is about taxes. To avoid having to pay taxes on the monthly payments received would it be best to issue stock for these payments? And thats how the company could avoid these payments being seen by the IRS as income?
Thank you to any contributors. I am learning much and growing every day. And greatly appreciate the advice of those more experienced than I.
Luis
Aucun commentaire:
Enregistrer un commentaire