I have a 4 year old ice cream/snack shop in the United States and this year we will make the most profits we ever have. I did a P&L looking over everything up to November and we should end the year at about $100k in profit. Looking for ways to effectively use this money since my business partner had basically let his profits accumulate from his other business, so this year he’ll have to pay over $85k in taxes. My account said to invest in an IRA which I think is a little boring and safe. I’m also 28 so I can afford a little more risk. I know with an LLC there are a lot of tax breaks to take advantage of but unsure of what would be the wisest use of the profits. Would rather spend the money on something useful than pay more in taxes.