He'd been operating for two years under a name the IRS didn't recognize, and his bank was about to freeze the merchant account.
The seller was dissolving her LLC at year-end. The buyer needed to take over inventory, supplier contracts, and the storefront — without inheriting the old company's tax exposure.
Sole-proprietor, no W-2, no reasonable salary — every dollar of profit was hitting both income tax and the full 15.3% self-employment tax.
These are composites of real engagements. Identifying details are changed; the work, the timelines, and the outcomes are not.
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