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Updated almost 5 years ago on . Most recent reply

Adi Bajaj's profile image
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Adi Bajaj
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Tax, SDIRAs & Cost Segregation

Using home for inventory storage LLC

Adi Bajaj
Posted

Here is the article that suggests that you can use home for inventory storage. I would love to do this but not sure if it would put personal assets at risk in case of a lawsuit for example defeating the purpose of having an LLC. I have a single member LLC that's going to be doing online retail and marketplace business.
https://www.nolo.com/legal-encyclopedia/home-office-tax-deduction-30117.html

Thanks in advance for your advice!

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Dilpreet Singh's profile image
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Dilpreet Singh
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  • from Des Moines, Iowa
  • Member since Sep 24, 2015
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Dilpreet Singh
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  • from Des Moines, Iowa
  • Member since Sep 24, 2015
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Dilpreet Singh
  • Investor
  • Des Moines, IA
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Dilpreet Singh
  • Investor
  • Des Moines, IA
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This will work for you. Even if you have an LLC but it is only for the sq ft office in your home and the office has to be dedicated for the business in order for it to work. So the laptop in the office needs to be LLC only laptop, etc. If done right then this will also help with taxes, utilities, insurance, etc

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