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Updated about 5 years ago on . Most recent reply

Sam Huze's profile image
Sam Huze's profile image
Sam Huze
  • Investor
  • from Boston, MA
  • Member since Jul 24, 2019
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Sam Huze's profile image
Sam Huze's profile image
Sam Huze
  • Investor
  • from Boston, MA
  • Member since Jul 24, 2019
Connect
Sam Huze
  • Investor
  • Boston, MA
1
Votes |
6
Posts
General Landlording & Rental Properties

How does starting an LLC affect....

Sam Huze
  • Investor
  • Boston, MA
Posted

Good Afternoon everyone,

This question is from my mom, she is 58 and owns several homes in Colorado, Arizona, and New Hampshire. She was considering applying for an LLC so that her and I could manage these properties together and begin adding to her portfolio. Another family member mentioned that if she started an LLC at her age she wouldn't be able to withdraw Social Security.

Is this statement true/are there negative repercussions for starting an LLC during this time?

Thanks for your help!

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