• Baggins [he/him]
      link
      fedilink
      English
      305 months ago

      Disclaimer this was a joke I’m not a lawyer and I have no idea if this would actually work… 😆

    • @[email protected]
      link
      fedilink
      English
      225 months ago

      As others have pointed out - costs a few bucks annually,and requires beneficial ownership report (free IIRC).

      Otherwise, it’s a tried and true tactic to pass businesses down through generations. An LLC vs. a corp vs a trust is a convo to have w/ lawyer barred in your state but the general premise is vaguely sane.

    • @[email protected]
      link
      fedilink
      English
      165 months ago

      Tldr: Don’t do this unless you have a business that requires a steam account for tax purposes. It doesn’t need to be successful but it does need to be real.

      Trusts are probably a better option for this sort of thing than a LLC.

      • @[email protected]
        link
        fedilink
        English
        95 months ago

        Just do benchmark videos on youtube or something. Then rake in the sweet, sweet business losses.

      • @[email protected]
        link
        fedilink
        English
        12
        edit-2
        5 months ago

        There’s at least 10 states with no annual fee. Arizona is $50 to file, $0 annual fees, and no annual report to file.

        If you’d prefer your company to have voting rights, you can file in Rhode Island, and your company can vote in local and state elections without ever stepping foot in the state. Hooray late stage capitalism 😞