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Updated about 7 years ago,

User Stats

144
Posts
75
Votes
Alex M.
  • New York, NY
75
Votes |
144
Posts

Help! Forming LLC taxed as S-Corp

Alex M.
  • New York, NY
Posted

In need of some expertise here.  Thanks in advance.

I have 6 rental units in NYC that I airbnb. 

Im also looking to buy a house for airbnb, likely in Tennessee or Georgia with an investing partner.

Question:

1) Should I form 2 separate LLC's?

2) I think I want to be an LLC taxed as an S-Corp to benefit from lower self-employment tax. Do I need to file this before 12/31/2017 to get it in effect for next tax year? Is this even possible this late in the year?

3) I am also looking to get Florida residency for tax purposes. Does this have any effect on where my LLC should be incorporated?

thanks in advance.

Noah

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