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Updated over 3 years ago,
Same or Separate LLC for Flipping Business and Airbnb?
Hello. I currently have an LLC for my flipping business. I have taken some time to educate myself on the strategy and I am now ready to dive into it. I also have a desire to get my first Airbnb with plans to incur more. I am wondering if it is okay to utilize the same LLC I have for my flipping business for the airbnb or should I separate them? I am not sure if there are any cons tax wise when it comes to combining the two. Thanks in advance!