This decision effectively reinstates the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements nationwide, pending the Department of the Treasury’s appeal resolution.Click herefor the full article which includes the new reporting deadlines.

Investors tend to incorporate in either Nevada or Wyoming because the corporate veil is the hardest to pierce in those states.As for market selection, there are great opportunities in the Midwest and Southeast.

Mom and pops have left, the corporations are moving in.If you want to be a landlord, sell it and do your business in a more friendly state. 

It also requires different reporting of that separate interest expense on the K-1 each year so the partners know they have the obligation of tracing that interest expense to however the partner used the distributed proceeds.I typed all this up and realized Mr Brooks has left the building and posted this 6 months ago, but hopefully someone else will find this useful!

They’ll also ensure you comply with CA’s LLC franchise tax rules and any reporting obligations for your flip.

I'm a small business owner and my partner has a corporate job. 

If I have a fixer listing, I have an obligation to put it in the MLS because of this. 4.

He has no C-Suite and no real accountability to anyone in his corporation.

I really like LLCs compared to corporations because of the free stepped up basis for passing property to my children. 

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.