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Updated about 7 years ago on . Most recent reply

User Stats

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

Andersen Law firm/ C-Corp

Alex M.
  • New York, NY
Posted

Anyone familiar with using these structures for airbnb income?   Seems like a lot of layers, but for me the most important thing is:

1) Protecting my new assets from risky assets I currently have

2) Anonymity (hence NV or WY LLC)

3) Most efficient tax structure as I plan to buy properties for AirBNB

I spoke with the Andersen  Law firm https://andersonadvisors.com/ -- does anyone have any experience using them?

* was told to use the C-Corp on top because it's Active income and thus the C-Corp would be the management company that would accept payments from guests.

*C-Corp would avoid double taxation for small business since say business earnings are $200K before deductions and $50 in deductions, I could pay myself the remaining $150K and eliminate any tax from the C-Corp.  Wouldnt this just make it so my income gets taxed at the higher personal income tax bracket though?  

* was told this structure would allow anonymity

* that it would prevent the due-on-sale clause since the assets are in land trusts and not sold to the Wyoming LLC

Any advice is much appreciated. thanks!

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