All Forum Posts by: Guillaume Vidallet

Thank you everyone for your valuable insight.  My business/legal adviser recommended this.  I have a form 8832 but it was submitted to be effective on 01/01/25.  The form allows you to elect to be classified as an association taxable or disregarded as a separate entity so i provided my SSN.  It is member managed and to provide  asset protection and provided anonymity down the road in case of potential lawsuits from previous fix and flips. Any additional feedback would be greatly appreciated.  

Hello,

I started a C corp LLC at the end of December 2024 for fix and flips. I had no business activity in 2024. Do i still need to file with the IRS? I would hate to pay an accountant $2,000 for an LLC that had no activity. Thank you for your help

Thanks for your response. So then you can add several properties under that same LLC if in the same state correct?

Hello,

I will be closing on my first investment property in a few weeks in Buffalo NY and looking to acquire more in 2025 in different states (ohio, PA, Michigan), being a Florida resident, which state should I create my LLC in? Should it be a parent LLC to other LLCs for each properties? Thank you for your help!
Guillaume