You can be taxed as a corporation I (the other options for a mult-member LLC).As you noted at the start, best to talk to a tax attorney.The LLC might pull forward some expenses for future business.

I recommend that you stay away from corporations and partnerships because you are now locked into a combined entity and it can complicate your exit strategy.

My knowledge of corporate structure is basic, but I have decided on my corporate structure, and how I should develop that aspect.

You don't need to be running a corporation or LLC to qualify for the solo 401(k) and the much better contribution limits.

Welcome to BP.As a fellow 36 year old with three kids and a more than 9 to 5 corporate gig, I know how you feel.This is definately the right place to learn.

How and why they are set up sometimes attracts a marketing term but has no meaning in law. correction, a trust is a legal entity, i just set up a corporation with a trust owner.

A Corporate umbrella is probably a good idea for that type of endeavor.

i quickly found out not only could i do it, but i enjoyed working with corporations and principals better then residential borrowers.

In California, where I have experience, you can do it under the Department of Corporations.

I concluded it is a really bad idea to rent furnished except for fringe markets (corporate rentals, vacation properties).Some simple examples of the negatives.Lots of inventory to manage and evaluate when changing tenants.