Stop giving your adult kids money — pay them through your LLC’s board of advisers instead. When you clean up your LLC, it’s the perfect time to form a family board. Add your adult children or close family members, pay them as 1099 subcontractors for legitimate work, and make those payments a tax-deductible business expense. This strategy keeps your business organized, supports your family, and saves taxes — all at once.
✅ Subscribe for weekly tax & wealth tips
📩 Join the free newsletter: https://markjkohler.com/youtube/?utm_source=mjk-YouTube&utm_medium=description&utm_campaign=shorts
source
