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Updated about 5 years ago on . Most recent reply
Tax Advice: Non-Residency LLC + Real Estate Investments
Hi BP Community!
I'm a full time architect living and working (as an employee) in Seattle, but am needing to start an LLC for some architectural side-work I'll be doing in Texas. In addition, I'm kicking off my real estate investing this year with a House Hack and plan to aggressively acquire properties in the coming years, most likely in WA, TX, and MT (where my partner is from.)
I'd love to connect with a tax professional, preferably based in Seattle, who can give advise on Real Estate tax law and non-residency tax law for small businesses. I have questions about how many different kinds of work a single LLC can hold (architectural design, photography, real estate, etc). I know that Texas and Washington have friendly tax laws for small businesses, but which is more advantageous to register the LLC? Would it be more wise to register an LLC not in King County?
To everyone reading, HAPPY NEW YEAR. I wish you all prosperity, personal growth, and a lot of fun :)
Cheers,
Barron
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Originally posted by @Barron Peper:
Hi BP Community!
I'm a full time architect living and working (as an employee) in Seattle, but am needing to start an LLC for some architectural side-work I'll be doing in Texas. In addition, I'm kicking off my real estate investing this year with a House Hack and plan to aggressively acquire properties in the coming years, most likely in WA, TX, and MT (where my partner is from.)
I'd love to connect with a tax professional, preferably based in Seattle, who can give advise on Real Estate tax law and non-residency tax law for small businesses. I have questions about how many different kinds of work a single LLC can hold (architectural design, photography, real estate, etc). I know that Texas and Washington have friendly tax laws for small businesses, but which is more advantageous to register the LLC? Would it be more wise to register an LLC not in King County?
To everyone reading, HAPPY NEW YEAR. I wish you all prosperity, personal growth, and a lot of fun :)
Cheers,
Barron
Hi Barron,
You'll typically want the LLC in the state where your properties will be. I was based in Seattle for years but I'm on the East coat now. There are lots of tax pros on BP who work remotely with clients all over the country. If you'd like some recommendations for a local firm feel free to reach out and I can share the names of a few that work with investors.
