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Updated about 4 years ago,
Obtaining a LLC for rental properties
Hello!
I'm looking for information on obtaining a LLC for my rental property. I currently own 1, 3 family and planning on buying another in the upcoming months. I want to obtain a LLC so I can start using business credit to purchase more properties and so on. But I was wondering when applying for a LLC I have to register for a certain tax type. I'm not sure which tax type it would fall under? The options they are giving me doesn't seem to apply but obviously I have to pick something. I live in CT does anybody know if it would fall under income tax withholdings or business use tax. I know it's not room occupancy because it's long-term stays. Any ideas? I'm still new to all this tax stuff, super confusing!