Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

64
Posts
5
Votes
Joe Wood
  • New Jersey
5
Votes |
64
Posts

single vs multi member LLC

Joe Wood
  • New Jersey
Posted

Hey Guys,

I'm debating whether or not to set up the LLC as a single or multi member. I have been reading numerous articles/references on which to choose. Still awaiting my accountants response but he is hard to reach.

If I were to do multi member, it would be my wife and myself. 

When it comes time to filing taxes, what would be the advantages/disadvantages? 

Would I be able to claim more expenses with multi? 

Would I be able to reduce taxable income with multi?

Or would having a multi just make the process difficult since there would be multiple filings?

Loading replies...