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Updated about 6 years ago,

Alejandro Lee's profile image
Alejandro Lee's profile image
Alejandro Lee
  • Rental Property Investor
  • from Diamond Bar, CA
  • Member since Jun 1, 2018
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User Stats

16
Posts
4
Votes
Alejandro Lee's profile image
Alejandro Lee's profile image
Alejandro Lee
  • Rental Property Investor
  • from Diamond Bar, CA
  • Member since Jun 1, 2018
Connect
Alejandro Lee
  • Rental Property Investor
  • Diamond Bar, CA
4
Votes |
16
Posts
Tax, SDIRAs & Cost Segregation

LLC not needed for rental property

Alejandro Lee
  • Rental Property Investor
  • Diamond Bar, CA
Posted

Hello BP! 

I hope you all are doing great! So a couple of months ago i created an LLC in Cleveland (i live in California), i did so in order to place my rental property and all that. Now that the LLC is created, i decided to leave it under my name and not transfer it to the LLC. Am i going to get penalized for doing so? Can i still keep the LLC? whats the right course of action?

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