David Floyd
LLCs vs Insurance only
21 October 2018 | 5 replies
You better put this in place before you get in trouble and get sued, after...no point in closing the barn doors after the horses escaped.An LLC is a legal concept, with no tax advantage - you can have it treated as a disregarded entity for tax purposes, or a S-corp or C-corp (but you don't want to hold real estate in an S-corp or C-corp).If available to you, you should look into Series-LLC for the asset holding entity.
Mike Lane
New To Real Estate Investing
21 October 2018 | 3 replies
I am disregarding that and doing my own research.
CJ DeBerg
Advice on what to do
23 October 2018 | 13 replies
That means that banks will pretty much ignore the LLC, especially if it is a single member LLC and treated as a disregarded entity, and treat everything as if it was in your name.
Tulan Kantesaria
Tax strategy for LLC
19 September 2018 | 5 replies
If you are the only individual in the LLC it is considered a disregarded entity for tax purposes.
Scott Freer
[Calc Review] Help me analyze this deal
16 September 2018 | 3 replies
Feel free to disregard them.
Joanna Golden
Tax help! deductions for EOY and no rental income yet to offset!
20 September 2018 | 12 replies
Some people disregard these rules, but that id tax fraud if you are audited.
Peter Martin
Defining class A/B/C multi family properties
1 October 2018 | 10 replies
So maybe you disregard the vintage and think of A class as where you want to live, B class is where you would be willing to live, C class is where you would live if you had to and D class is your housing of last resort and where you'd only go outside in the daytime.As to your question about A class section 8--yes this does exist.
Ashley A Merk
Best Business Entity for My Flipping Business?
20 September 2018 | 4 replies
Again, this is an analysis that needs to occur with a CPA or EA as it's highly case specific.It might be best to start off with the default SMLLC tax status of 'disregarded entity' and later make an S election further down the road.
David Smith
Starting a 1031 --- one question:
21 September 2018 | 3 replies
If the LLC you are forming is a disregarded entity (meaning only one member, not filing a tax return, choosing to be taxed as a sole proprietor) then the IRS looks past the LLC and sees you as the tax payer regardless of who is on deed.
Henry Der
C-Corp holding LLC's that Hold Property
28 September 2018 | 7 replies
A single member LLC is considered a disregarded entity.