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Updated over 6 years ago,
Should I Create a Corporate for Rental Units
I have 2 rental units with the cash flow of 36k a year. I am thinking to add some more rental unit. My question is, should I keep it as a schedule C on my tax report or create a legel business such as Corp. or LLC ? And if I create an LLC, what is the true benefits?
Additional question, Do I have to change the name on the deed of my rental units to the business name as the owner?