Restructuring my business, any ideas

[Andrew Tegeler]

I have 3 rental properties (1) single family (1) tri-plex (1) 6 unit. They are all currently owned by 1 llc. I would like to place each individual property in a land trust owned by an llc which is owned by a holding company. So there would be (1) holding company (3) LLCs (3) land trusts. I would also like to have my welding service business ( llc with s-Corp status ) (which is not established yet) owned by the holding company

So I have 3 questions

1) can I remove the properties from my current llc and put them into a land trust?

2) can my holding company own the welding llc if it’s taxed as an s-Corp

3) will I be able to set up a Wyoming holding company myself?

[Michael Plaks]

@Andrew Tegeler

You're a welder. What do you think of guys who buy a stick welder, watch a couple of YouTube videos and then try to repair a leaking gas line? Sometimes, without a helmet and without shutting of gas.

This is what we accounting professionals think of your podcast-inspired LLC/land trust ideas. :)