By putting money in the LLC he can avoid estate taxes and still give his family control if he wants.
>To sum up, his money is not going to a charity, but to his own LLC, which will let him evade tax by moving his private assets into a foundation.
>Unlike a charitable trust, which is compelled to spend its money on charity, Chan Zuckerberg Initiative, LLC will be able to spend its money on whatever it wants, including private, profit-generating investment.
>To sum up, his money is not going to a charity, but to his own LLC, which will let him evade tax by moving his private assets into a foundation.
>Unlike a charitable trust, which is compelled to spend its money on charity, Chan Zuckerberg Initiative, LLC will be able to spend its money on whatever it wants, including private, profit-generating investment.
From: http://says.com/my/news/what-no-one-is-telling-you-about-mar...