I am wondering a few things about paying kids from an LLC:
1. Do you need to set up official payroll for them and issue a W2? (Kids are 13)
2. I think you can put their salary directly into an IRA so they have it for education expenses and aren't subject to taxes (we are talking less than $5k per year) - would it make more sense to just fund a 529b directly with that same amount as opposed to paying salary?
Thanks!
