Navigating the complex world of student loan debt often leaves individuals seeking innovative solutions. One such avenue explored by entrepreneurs and small business owners is leveraging their Limited Liability Company (LLC) to contribute towards repayment. However, this path requires careful consideration of legal, financial, and tax implications. This guide unravels the intricacies of using LLC funds for student loan payments, offering a balanced perspective on its feasibility and potential consequences. Understanding the different LLC tax structures—single-member, multi-member, S-corp, etc.—is crucial. Each structure impacts how the IRS views LLC distributions, potentially affecting your tax liability and the deductibility of student loan Read More …