LLC Owned Arkansas Investment Property - Taxes & Fees

[Pat L.]

Relatively recently, I purchased a rental property in another state. After the purchase, I found out that the entity structure I want to set up would trigger taxes that, if I keep the house in my own name, I will not have to pay. Disappointing.

My understanding is that, in Arkansas, I'll have to pay a $150 Annual LLC Franchise Tax Report each year if I a buy house in an LLC's name.

Does anyone know if there are other fees/taxes I'm overlooking if an LLC owns the rental property in Arkansas? I appreciate your help!

Thanks,

PJL

[Brandon Moffitt]

Depending on the number of units you own and the location, you may also have to pay a fee to register your rentals. I know that Little Rock has an ordinance requiring annual registration. Here is the link: https://www.littlerock.gov/!us...