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Updated almost 4 years ago on . Most recent reply

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36
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13
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Jillian Ez
13
Votes |
36
Posts

When to form Corp or LLC for my short-term rentals

Jillian Ez
Posted

Hi!

I own one property that I live in and Airbnb when I travel over the summer. I also have 2 rentals units that I Airbnb. When is it time for me to incorporate? All three properties are in Los Angeles. I’m thinking about adding a townhouse in Raleigh, NC.

I already have a Corp for my video production agency, which is my full-time job.

Thanks for any guidance or recommendations!

Most Popular Reply

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213
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66
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John Duston
  • Accountant
  • Santa Barbara, CA
66
Votes |
213
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John Duston
  • Accountant
  • Santa Barbara, CA
Replied

@John Duston

Whether to put the rentals into an entity is a lawyer and insurance broker question. I don't see it costing thousands to put them into an LLC or Corp. Whether to put it into a LLC or corporation is a CPA question

  • John Duston
  • Loading replies...