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Updated almost 13 years ago,
Tax question LLC partnership C-Corp ALBERT AIELLO
Ok did any one purchase Albert Aiello's goldmine software. I attended his meeting a week ago and now that I am going to have my first rental I have a few questions regarding how to set up my LLC. He said to open an LLC but then have it taxed as 2 owners. He said to have it taxed by me 97%( LLC) and then the other 3% as a C-Corp? You get the benefits of both, and avoid the double taxation issues. He also claims to spreaad out his depreciation in a certain way and to avoid becoming a "dealer." He also stated about having to work about 750 hours a year, which he claims to do watching TV shows like Jerry Springer to avoid renting to section 8 tenants? lol Just wondering if you guys have purchased his program and am mostly concerned with how to properly set up the LLC as he advises using the C Corp as a partnership which most people seem to avoid thanks