Buying rental property with an LLC (Limited Liability Company) can provide valuable legal protection, potential tax advantages, and a more professional structure for your real estate business. An LLC ...
A limited liability company, or LLC, is a type of hybrid corporate-partnership business structure that is available in most states. According to the IRS, LLCs are popular because LLC members (owners) ...
Forbes contributors publish independent expert analyses and insights. Christine Fletcher writes about managing trusts and estates. Owning rental real estate can be a great investment. If you have a ...
A small-business owner who owns real property, including real estate, buildings and building improvements, defaults to a sole-proprietor status for tax and legal purposes, but he can choose to ...
Editor’s note: This is part 13 of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially for asset ...
Q: I own a rental property that I put into a limited liability company (LLC). Now I'm planning to make this property my primary residence. Should I dissolve the LLC? Would there be any taxes on this ...
We are often asked how to best own rental real estate. The answer is “not in your personal name, and not in the name of a Revocable Trust or Land Trust that is considered to be owned by you for state ...
Q: I own a rental property that I put into a limited liability company (LLC). Now I’m planning to make this property my primary residence. Should I dissolve the LLC? Would there be any taxes on this ...
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