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    gentleman2222's Avatar
    gentleman2222 Posts: 10, Reputation: 1
    New Member
     
    #1

    Jul 17, 2019, 09:44 AM
    If I am the owner of a trade school, can I defer my salary?
    I would like to ask someone who has a strong background in accounting:

    I am starting a trade school (organized as an LLC) to train people to become venture capitalists and would like to know to following:

    1) Can I get deferred compensation for myself - so that I can plow my salary back into the trade school?

    2) Can I not get a salary - but instead, place my salary into an account where I can invest in startups if I want to?

    I look forward to your answers!
    talaniman's Avatar
    talaniman Posts: 54,328, Reputation: 10855
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    #2

    Jul 18, 2019, 09:48 AM
    You can do as you wish as long as you know the tax liabilities and deductions allowed not just for you but your LLC as well. The IRS or better your own certified accountant can best advise you on the structure of this arrangement.

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