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Updated over 7 years ago,
Sole LLC formation disregard entity or not?
Hello all,
Upon research I have stumbled across a thing called a disregarded entity. Let me give a little background. I plan to become a buy and hold investor starting out in Ohio state living in California. I am going to form an Ohio LLC as the sole member. Question, as a real estate investor is it a good idea to file taxes on a schedule C and be taxed as a sole proprietor or remain 2 separate entities? I mean I kind of thought the whole point was to limit liability by being 2 different "beings" but I would imagine there's a difference in opinion out there especially regarding tax purposes. All answers will help. Thanks guys!