First-round pick of the 2024 NFL Draft, Caleb Williams, makes headlines for wanting to do some "creative" tax planning with his NFL money. We're breaking it down!
Key Topics:
- Breaking Down the Caleb Williams LLC Proposal (01:26)
- Breaking Down the Forgivable Loan Element (02:53)
- How Rich People Use Loans to Avoid Taxes and How This is Different (03:52)
- LLCs and Their Benefits and Misconceptions (04:55)
- Wrap-Up (05:57)
MDRN Wealth Episode on All Things LLCs
This Episode is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice.
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