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Author Topic: Best USA business structure for mining operation?  (Read 32 times)
betajuice (OP)
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February 21, 2021, 06:17:33 PM
 #1

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
odolvlobo
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February 22, 2021, 07:02:49 AM
 #2

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.

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