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Updated over 5 years ago,
Forming a Management Company for your LLCs?
Hello, Everybody!
I have a question for the BP Community, and would be very grateful for some direction. I have spoken with folks everywhere: Anderson, Laughlin, my CPA, real estate seminars... now I am pinging the group think-tank before making a decision. :)
Say you have 5 LLCs, each with one or a couple SFHs in them. Two of the LLCs are in Alabama and three are in Indiana.
You travel a ton for more investment (real estate) opportunities, looking for homes, Airbnbs, mobile park deals, and you spend good money on the road meeting with investors and eating out trying to drive business.
What would be the best method for expensing all of these business activities? It would be ideal NOT to have 5 company credit cards and decide which to use for what on the road expense!!!
Thank You!!!!