Laundering money into bank account by opening an LLC?

I am thinking about opening an LLC for Web design and SEO services. How could I deposit cash every time. Wouldn't they be suspicious that none of my clients pay by check? Any tips appreciated.


Comments


[3 Points] None:

You have to prove you were paid. Who you were paid by and how you were paid. Then you have to prove you paid taxes.

Do it, pay taxes and hope you never get audited? Not that easy. They bust newbs for a living they know more than you.


[3 Points] Theeconomist1:

Yes of course they would be suspicious. Just bc you are a Corp doesn't mean that cash deposits wouldn't be scrutinized. So, think of it this way, if you were buying the services from a web design firm, would you expect to pay in cash? No. This is not a business that is expected to have a lot of payments in cash. The exception might be if you are talking small amounts of money - like you are a light weight just doing a side gig. If you are talking six figures or even mid five figures this won't be explainable unless you have some good documentation on the cash.

There a reason why money is laundered thru businesses expected to have a decent amount of cash payments - restaurants for example.


[2 Points] Mark_Ass_Bitch:

"[Your last name] Computer Repair LLC]"

Put a sign on your garage or something and have some random Computer garbage laying around. Make it look like you actually fix computers.


[2 Points] Vendor_BBMC:

If its cash, its already laundered. Don't put it in your account. buy things with it.


[1 Points] Santos_AB:

Yes, that's the method, "making money online", anything works just don't choose bullshit that eats like 30% of the $ like fiverr


[1 Points] None:

[deleted]


[1 Points] CookyDough:

There are services that will send you paypal USD for bitcoin. You might try that.


[1 Points] DarksideDreams:

don't do it man, they know not every client is gonna pay with cash. Also this puts you on the hook for taxes. Find another way.


[1 Points] None:

If you have enough money, not cash, you can start an offshore company and then start an LLC and have that offshore company pay your LLC for services. But that's just my idea. I'm not very well versed on the subject.