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Updated about 8 years ago on . Most recent reply

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1
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James Dickerson
  • Jacksonville, NC
0
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Transfering commercial real estate

James Dickerson
  • Jacksonville, NC
Posted

First I want to thank you guys in advance. So i am taking over a small company that is involved with IT and the company owns an office building and land worth about $250,000.00. My question is because I am wanting to diversify and get into real estate/ rentals can I create an LLC and move the office from the S Corp into the LLC or would there be a tax burden placed on the company by doing this. Thanks again.

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57
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16
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Charlie McCurry
  • Real Estate Professional
  • Winston Salem, NC
16
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57
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Charlie McCurry
  • Real Estate Professional
  • Winston Salem, NC
Replied

@James Dickerson It sounds like you need to talk to @Brandon Hall 

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