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Updated almost 8 years ago,

Matthew B.'s profile image
Matthew B.'s profile image
Matthew B.
  • Investor
  • from Howey in the Hills, FL
  • Member since Sep 10, 2013
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User Stats

376
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114
Votes
Matthew B.'s profile image
Matthew B.'s profile image
Matthew B.
  • Investor
  • from Howey in the Hills, FL
  • Member since Sep 10, 2013
Connect
Matthew B.
  • Investor
  • Howey in the Hills, FL
114
Votes |
376
Posts
Tax, SDIRAs & Cost Segregation

Should you change your LLC regularly? Attorney says yes!

Matthew B.
  • Investor
  • Howey in the Hills, FL
Posted

I've had an attorney and a CPA tell me I should change my house flipping LLC regularly. Run a dozen or so deals through, then let the LLC dissolve and create another one.

I believe the reasoning was for liability purposes, and the CPA said it was to avoid IRS attention.

It doesn't seem right to me. No other legitimate business does this that I know of. Is anyone else doing this for house flipping?

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