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Updated 10 months ago on .

User Stats

7
Posts
3
Votes
Paul C.
3
Votes |
7
Posts

How to protect myself

Paul C.
Posted

Hello BP Team!

I have a couple rentals that I'm trying to get into an LLC and I'm unclear if I should do sole proprietorship or s corp. If it's only 2 properties and I manage them. What's the best route? Also I hear how people can hire their kids and pay them to do tasks without going the W2 route if you pay them less than 13,500k per year.

Is this true and how to do people usually pay them straight from the corp to their bank account? Or not feasible under these?

Thank you for all of your help!