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Updated over 3 years ago,
Can my LLC Company hire my other LLC for property admin work?
Greetings:
Question for you all.
Do any of you have more than one LLC company where one company hires and pays your other company for management/admin/reporting?
Is that OK to do?
I own two rental LLCs (with partners) and a Real Estate Services LLC (with a TC employed). I was thinking of hiring my RE LLC to do all the admin/reporting/quarterly for my rental LLC. Is that doable without getting into trouble?
Why pay someone else the admin business when I can give it to my other company? That's my line of thought anyway. Wondering if anyone else is doing this. Please advise and thanks.