Did Your LLC, S Corp Or Partnership Just Cost Your Kid $100,000 In College Aid?

College aid formulas expect forty-seven percent of parents’ net income to be used to pay for college costs each year. That is why businesses structured for tax purposes like LLCs, S corporations and partnerships, that pass all the business income through to the business owner’s personal tax return can cost families a lot of money in college aid. In some cases, however, there is a solution that will increase aid eligibility and allow business owners to save even more for retirement.

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