Building a Business
Don’t Let Sweat Equity Create ‘Phantom Income’
How to set up an LLC without creating taxable income for your sweat-equity partner
Cliff Ennico is a syndicated columnist and author of several books on small business, including Small Business Survival Guide and The eBay Business Answer Book. This column is no substitute for legal, tax or financial advice, which can be furnished only by a qualified professional licensed in your state.