Topic: Best USA business structure for mining operation? (Read 31 times)
I'm not an expert, but I think that a bitcoin mining company is much like any other commodity producer and probably should be structured similarly. A big difference might be that the cost of capital vs. revenue works differently.
C corp has lower corp tax of 21% but has burden of formalities and double taxation, LLC as S corp seems easier but slightly higher tax?
I'm not sure, any advice is appreciated. Goal is obviously reduce tax burden on mined coins as much as possible. Thanks
I'm not sure, any advice is appreciated. Goal is obviously reduce tax burden on mined coins as much as possible. Thanks
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