Over the last few days, I have been trying to learn bits and pieces about LLCs. I ordered some books today to get a further grasp about the mechanics so we don't waste time talking to an attorney or accountant getting basic background information.
I happened to stumble upon accidently by hitting the seek next button on the steering wheel while driving, and some discussion from a talk radio was covering general Obamacare impacts starting this year on the hospital industry (45 hospitals that have already closed that are Doctor ran).
That took my mind back to how is it going to affect us this year in other aspects.
I did see the thread that MJ started about 1099s https://www.thefastlaneforum.com/as...018-obamacare-1099s-600-expense-mandates.html, but I want to ask a more specific question about how this could impact our plans for getting things started up this year. For those of you who have LLCs or understand them, I want to pose this question if you happen to know an answer. Also, as MJ stated in that thread, please keep to facts since political discussion is not allowed.
Now onto the question:
We are working on getting 3 LLCs established this year for different business start ups. Each will be treated separate so there isn't no money exchanging internally from one to the other. There is no wrapping one inside of another type structure either.
My question(s):
Since we are going to be listed in each of these three LLCs (50/50 partners), and there is a requirement for a company to pay this new healthcare tax. If we are the only members in each of our businesses started, are we going to get tripple taxed by having to pay this on each of the businesses we have?
*Appended*
This occured to me, since there are three LLCs, would I want to establish 1 parent holding company with the other three under it (parent-child tier)? Then all income from those three flow up to the parent? Possibly only paying the Obama Health tax at the parent company holding level only then if there is a scenario that it will be paid 3 times?
I happened to stumble upon accidently by hitting the seek next button on the steering wheel while driving, and some discussion from a talk radio was covering general Obamacare impacts starting this year on the hospital industry (45 hospitals that have already closed that are Doctor ran).
That took my mind back to how is it going to affect us this year in other aspects.
I did see the thread that MJ started about 1099s https://www.thefastlaneforum.com/as...018-obamacare-1099s-600-expense-mandates.html, but I want to ask a more specific question about how this could impact our plans for getting things started up this year. For those of you who have LLCs or understand them, I want to pose this question if you happen to know an answer. Also, as MJ stated in that thread, please keep to facts since political discussion is not allowed.
Now onto the question:
We are working on getting 3 LLCs established this year for different business start ups. Each will be treated separate so there isn't no money exchanging internally from one to the other. There is no wrapping one inside of another type structure either.
My question(s):
Since we are going to be listed in each of these three LLCs (50/50 partners), and there is a requirement for a company to pay this new healthcare tax. If we are the only members in each of our businesses started, are we going to get tripple taxed by having to pay this on each of the businesses we have?
*Appended*
This occured to me, since there are three LLCs, would I want to establish 1 parent holding company with the other three under it (parent-child tier)? Then all income from those three flow up to the parent? Possibly only paying the Obama Health tax at the parent company holding level only then if there is a scenario that it will be paid 3 times?
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