Sovcit has a random thought. (lemmy.world)

submitted 3 weeks ago by [email protected] to c/[email protected]

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[-] [email protected] 36 points 3 weeks ago

Yes. You create an LLC. Sell your house to the LLC. Have the LLC rent the house to yourself. Then have the LLC rack up massive amounts of business debt improving the house. Have the LLC declare bankruptcy. Have a family member offer to buy the house out of bankruptcy to settle with the lenders. Buy house back from family member. Rinse and repeat.

Essentially the steps used by many owners of cheap hotels.

[-] [email protected] 6 points 3 weeks ago

By me, it's done without the LLC on residential homes by large families.

[-] [email protected] 29 points 3 weeks ago

When I rent myself out to my employer I receive checks I can cash at a bank.

Maybe this person should consider a similar manpower rental scheme if they want money.

[-] [email protected] 1 points 3 weeks ago

But but, that would create JOINDER!

[-] [email protected] 1 points 3 weeks ago

Not if you sign those checks over to your fictitious person first!

[-] [email protected] 12 points 3 weeks ago

Here's another fun SovCit bodycam video for everyone to enjoy:

Entitled Driver Takes Police on Chase When She Doesn't Get Her Way

[-] [email protected] 8 points 3 weeks ago

Can’t watch it due to moronic AI dubbing.

[-] [email protected] 1 points 3 weeks ago

"Am I being detained?"

[-] [email protected] 3 points 3 weeks ago

Can I just generate income by loopholing the system? /s

this post was submitted on 18 May 2025

61 points (95.5% liked)

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