Jerry Stille

Jerry Stille

Joined Member # 213374
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Brad, Excellent explanation. I think most people don't realize or even think about the so called "wealthy individuals" as small businesses. These are people who have (generally) risked a lot of their personal money and effort to start and run their own business. RedShirt: Partnerships (LLP, LLLP) generally act the same as a LLC (the income is reported on the individual’s 1040 – Schedule K)

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