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re: Rental property:LLC or not?
Posted on 8/1/13 at 1:24 pm to Ace Midnight
Posted on 8/1/13 at 1:24 pm to Ace Midnight
The LLC is set up to provide coverage for your personal items, that is not to say that the coverage is ironclad, but the bottom line is that is take about 15 minutes to set up an LLC online, and $75 to file with the state, and 25 to keep it in good standing every year. As a single member LLC the income would be taxed the exact same way as is no LLC existed.
So why not, just for piece of mind.
So why not, just for piece of mind.
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