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TJ Palmer

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About TJ Palmer

  • Rank
    E-2 Recruit
  • Birthday August 13

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  • Interests
    Photography, writing, hiking, fishing,

Previous Fields

  • Service Connected Disability
  • Branch of Service
    Air Force
  • Hobby
  1. I was granted 70% disability (PTSD) with 100% TDIU a couple years ago. I received a rather nice lump sum and recently helped my brother to start his septic business by providing some cash for him to purchase his truck. Even though it is registered as a Single Entity LLC I understand from what I have read that the profits (if any) are distributed equally between all members. I thought, since I wasn't working that it would not be a problems but from what I have read so far in this forum, it seems that there is a possibility to exceed the federal poverty level. I don't want to jeopardize my TDIU as even with medication and counseling I still have problems sleeping and keeping focused. If an LLC would cause a problem for my benefits, would it be viewed differently if my brother elected to have his LLC taxed as a C Corporation in which case any income would be regarded as dividends? As a last resort, I suppose I could convert the investment into a loan to the LLC but I really hate to do that because I don't trust that congress might change VA laws and I suddenly find myself with no income.
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