Looking to be educated on this a bit. Will likely be looking to buy in the February/March time frame (Houston ITL most likely). Below is my scenario and I'm happy to go into more details via PM or email.
I'm a consultant with one primary client
Client pays my LLC X and I pay myself as an employee of the LLC. Take the remainder as a dividend to avoid the employment taxes
X is significantly more than my salary
I will not be with this client for over a year by the time I'm looking to buy
I assume I'm not the only person in this situation and I'm just looking for some things I may need to start getting in order. Will likely be looking to get my pre-approval taken care of the beginning of January, but if I come across a place I like sooner, it could move that up.
Thanks
I'm a consultant with one primary client
Client pays my LLC X and I pay myself as an employee of the LLC. Take the remainder as a dividend to avoid the employment taxes
X is significantly more than my salary
I will not be with this client for over a year by the time I'm looking to buy
I assume I'm not the only person in this situation and I'm just looking for some things I may need to start getting in order. Will likely be looking to get my pre-approval taken care of the beginning of January, but if I come across a place I like sooner, it could move that up.
Thanks