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Updated over 17 years ago,
Need some LLC and Corp help
I want to establish a S corp or LLC here locally in Ohio as my main company. None of my rentals will be kept under this company, rather I will do all my rehabs through this company and any birddog or wholesale profits.
I am currently acquiring rentals out of state in Michigan and Indiana. I was thinking that I will set up separate LLCs in each place I have rentals and put them under that. Is it possible to keep all of these LLCs underneath my main company and separate liability.
Also is it better for me to have my main company set up as a S corp or LLC if I am not going to have any rentals under these?
Thanks!