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Updated over 3 years ago,
Business type for owner occupied rental property in Illinois?
Does anyone have suggestions of best business type for owner occupied rental building in Illinois? Like S Corp, LLC, etc.
I would like to protect myself in case of any legal issues and/or have a business deduction from my yearly taxes.
I am clearly completely new to this and I am not sure if I should contact a lawyer or accountant but I wanted to get some general feedback from those of you with experience. Thank you.