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  • like how to legally split income from contract work to reduce personal taxable income?
  • kind of company to setup for contracts to pay yourself out of
  • setting up a trust to protect assets
  • using life insurance or other products to store income for use without being taxed on it in future or have it count as income
- like how to legally split income from contract work to reduce personal taxable income? - kind of company to setup for contracts to pay yourself out of - setting up a trust to protect assets - using life insurance or other products to store income for use without being taxed on it in future or have it count as income

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[–] • 0 pt

Knowing what I know now I would go to an accountant before a lawyer for something like that.

"Lawyers are in it to make money for the legal profession." Yep, but an accountant, they want to help you make money because then they can charge you more!

[–] • 1 pt

Accountants are bound by thier fiduciary duty to you, where lawyers are bound to their fiduciary duty to the BAR association , creating strife and ambiguity is their job.

[–] • 0 pt

They didn't do anything useful for me.

[–] • 0 pt

Thanks. I agree after my experience.