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I am forming a new LLC. If I offer my services but take stock instead of cash, am I liable to pay taxes on the stock received?
Asked on June 23, 2009 under Business Law, North Carolina
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
It depends if it qualifies as income at both the state and federal level. Further, is the stock your income or is there income in addition? Are you relying solely on dividends?
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