Looking for tax filing advice in Houston!

[James Munoz]

Hello BP family! 

I have a question regarding getting my taxes filed for my LLC. My team just formed the LLC and opened a business account in the middle of December last year 2020. We have not had any cashflow or positive income since then or even before we started. I am reaching out to see if there is anyone in the Houston area that could give me a recommendation on where to file our taxes? Its pretty much a zero tax filling if not negative from expenses. Thank you all in advance!

[Basit Siddiqi]

@James Munoz

If you are looking for a professional in Houston, I would reach out to @Michael Plaks. He has been practicing tax for over 20 years and he works exclusively with real estate investors.

You mentioned creating an LLC with a team - This does bring up some considerable tax implications.

You may be required to file a partnership return if your LLC has more than 1 member.
Texas does not have a personal income tax - However, they do have a franchise tax on LLC's.

@Michael Plaks can describe to you all the tax implications.