The cost to set up an LLC for rental property ranges from $100 to $300. This small investment creates a strong shield that protects your personal assets from property-related lawsuits. Property owners who skip this protection put their personal wealth at risk from legal claims when tenants get injured or property disputes arise. Rental property […]
Picking the right business structure can feel overwhelming with five different options available. Business owners must choose between Partnership, Limited Liability Company (LLC), Sole Proprietorship, S Corporation, and C Corporation. Each option has unique tax implications and operational requirements. C corporations must pay a 21% federal tax rate and deal with double taxation. S corporations […]
Your LLC might qualify for up to $1.16 million in annual deductions on business property losses. This represents just one of many tax benefits that LLC
owners typically overlook.