I'm considering a one person LLC so I can have a retirement plan. With a one person LLC is it possible to pick a salary amount such that I can put the entire amount into a tax advantaged retirement plan and not have to pay any social security tax on it? What kind of retirement plan would work for this?
Anyone trading in the state of Illinois might also want to look at the LLC fees for incorporating and maintaining records...Without a doubt, the highest in the nation...Wonder if that has something to do with all the guys at the exchanges and all the smaller trading firms...hmmm...