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Updated about 7 years ago on . Most recent reply
Andersen Law firm/ C-Corp
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!