., the average stay in the house is less than 7 days, I manage the AirBnB myself, and spend 100 hours or more a year and more time than any other person/entity on managing my AirBnB business)?

You can create an LLC in another state, but you have to register it in your home state as a foreign entity before doing any business.

LLCs are for asset protection, another phone call you should be having with an entity attorney.Gino

The vast majority of business owners are not committing crimes, and tools already exist to go after the ones that do.For example, a certain political family has dozens of shell companies shuffling money from foreign entities with no discernible evidence of conducting business.

A syndicate is already an LLC or a LP so I don’t see any added liability protection by having a second entity layer.

Transferring property from a Canadian-owned company to a personal name in the U.S. can have specific tax implications, especially when it involves international entities.

A single member LLC you can be considered a disregarded entity and therefore have it roll up to your personal taxes without a separate filing.

It would be a lien placed on the entirety of the property that is deeded in both your names (or in your entity, if you closed in the name of an LLC).If you plan to take full control of the property, you could refinance in your name/entity alone with a cash-out and pay your partner off with their equity share.

I am ready to be amused...I don't claim to be an expert, but as I understand it:1.Liability Protection: When you lease a property to your own LLC, the LLC becomes a distinct legal entity, which separates your personal assets from business liabilities.

Your LLC is the same as you for tax purposes, technically called a disregarded entity.