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Single owner LLC or multi owner LLC
Hello,
My wife and I are working on purchasing our second rental house in Michigan. We are also working on setting up an LLC.
Would be it more advantageous to put us as co-owners as part of a multi-owner LLC or just have one of us as the "founder" and the other as an employee to potentially write off as a tax deduction.
We are planning on buying more units in the near future as well.
Thanks in advance for the advice!