27 March 2021 | 9 replies
And it would leave you and your brother in position to again inherit and receive the property tax free.Bonus points if your parents make the LLC a disregarded entity.
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2 April 2017 | 1 reply
You have to demonstrate and explain that a Disregarded Entity is treated as if the underlying member acquired the property.
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27 March 2023 | 2 replies
SPECIFIC EXAMPLE:- CA resident has 3 LLC's; 2 in FL and one in WY- each FL LLC (single member, manager managed) own separate a property- the WY LLC (single member, manager managed) in turn owns both FL LLC's - the CA resident owns the WY LLC (single member, manager managed)- The CA resident does NOT own the FL LLC's, only the WY LLC- All LLC's are set up as disregarded single member and manager managedCan the CA resident register ONLY the WY LLC in CA as a foreign LLC and pay $800 annual Franchise Tax?
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14 March 2020 | 52 replies
So if I'm wrong, or in your state its different, then just disregard my opinion
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4 May 2022 | 4 replies
I would imagine the "wholesalers" bothering you are just disregarding that to try and get more sellers.
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9 March 2015 | 7 replies
It may be that it is a disregarded entity for you anyway and transferring title would be no problem.
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5 May 2020 | 8 replies
A Wyoming LLC with S corp status as the parent company is being considered and owning a Texas LLC and with a disregarded tax designation for the operating company. the business is located in Texas.
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18 April 2023 | 8 replies
(Also, if you will be the only member and don't file a s corporation tax election, you will be considered a disregarded entity for tax purposes and can simply file the income on your personal tax return).
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18 October 2017 | 8 replies
Disregard all my posts, it doesn’t apply.
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16 June 2022 | 9 replies
Newbie makes an election to treat Oldie disregarded for tax purposes. d.