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Thanks. I appreciate the info and advice.

(I posted this in the investing forum by mistake so am reposting here.)I’m confused about the rules for forming an llc in New Jersey ( solo- no partner) and then filing to be taxed as an S- corp. From what I’ve read, the deadline is tomorrow (March 15) to register as an LLC, but S-corp designation c...

I’m confused about the rules for forming an llc in New Jersey ( solo- no partner) and then filing to be taxed as an S- corp. From what I’ve read, the deadline is tomorrow (March 15) to register as an LLC, but S-corp designation can be made retroactively. Can anyone confirm this? Also, how easily rev...

Thanks for the link. I agree that she cannot assume a large or even reasonable income as a lawyer--there are too many variables. That's why we want to limit her debt exposure to $60,000. Granted, that's not a small amount but (we hope) not soul crushing either. We're fortunate to have this 529 money...

This is my first post although I've been reading the forum for years. Having searched through the archives I can't find posts on this specific issue. My daughter will begin law school in the fall. Total cost for three years will be approximately $225,000--or less depending on grant aid, which we won...