HSBC is offering 2.5% on business savings account, they are offering only 1% on personal savings account.Can safely park my personal savings into my One Member LLC savings account - disregarded entity - which owns linked to my rental income property?

In addition, by making an election under Section 754, you can take depreciation on the stepped-up amount.SMLLC is disregarded for tax purpose.The person holding the interest in the disregarded entity is deemed to hold the property held by the entity.

LLCs can have other benefits because they are taxed as partnerships (or give you the option of filing as a disregarded entity eliminating the need for a separate federal return). 

Are your LLCs disregarded entities or do they file partnership tax returns? 

OP, disregard all responses that are not Texas-specific. 

So an LLC is disregarded when the lender is underwriting and assessing risk to make a yes/no decision on providing capital. 

She agreed that the 2nd notice was unnecessary, and that I can disregard that because that’s not how tne inspections are Being conducted.

This year (tax year 2018), elect to change to a disregarded entity and then the new Texas property can be in a different LLC (also treated as a disregarded entity). 2.

It will be reported on page one of 1065 if you file partnership return or on schedule C of your personal return if you file 1040 for disregarded entities. 

Disregard this..miscommunication involved.