How low a lottery win would you have to do an LLC?

Reply #7

fastscratcher10 — Tue, 28 Sep 2010 21:42:16 GMT

Anything under a TRILLION I'm claiming myself.

Reply #6

ttech10 — Tue, 28 Sep 2010 20:34:56 GMT

Below $15 million, I'm walking into the lottery offices by myself.

Above $20 million I'm accepting through a blind trust.

That's my current plan, at least. Who's to say my plans won't change once I look down and see all my numbers match. At this point it's all IF but I'm sure if the luck did come it's way all that would go out of the window and I've have to start re-thinking everything. As of now though with it being under $15 million takeaway I would walk into the offices on Thursday... [ More ]

Reply #5

OwlCreekBridge — Tue, 28 Sep 2010 04:55:00 GMT

Chances are if you win a jackpot less than a million, the news media will not take interest in you. I've looked in the winners gallery in the mega millions website and they mainly focus on the big jackpot winners. If I won $250,000 I wouldn't want to spend any money on lawyers fees. If anyone ever managed to find out about my winnings and ask me for money, I'd probably make up some story like I lost it all on a wild weekend in Las Vegas. I know that's a fib but they shouldn't have put me in that... [ More ]

Reply #4

stripesnsolids — Tue, 28 Sep 2010 00:52:14 GMT

10 million

Reply #3

dk1421 — Mon, 27 Sep 2010 23:59:50 GMT

That was my thing too, Owl. I figured $250,000 might be too low to do an LLC or BT because of the fees, but then I thought, well, I don't want to be known to have even that amount of money too. I guess if I had some knowledge of how much the fees would be...

Reply #2

tiggs95 — Mon, 27 Sep 2010 14:21:28 GMT

tiggs dosent need a LLC or a trust..He's going to wear a sign around his neck with the letters ..NO..

Reply #1

OwlCreekBridge — Mon, 27 Sep 2010 14:06:25 GMT

at least a million dollars after taxes. any amount less than that is not worth the effort and the lawyer's fees for me

How low a lottery win would you have to do an LLC?

dk1421 — Mon, 27 Sep 2010 01:48:16 GMT

What is the lowest amount you would win via lottery in order to consider doing an LLC or Blind Trust?

$100,000? $1 million? $5million