Hey everyone, Who here is looking to buy or even start their own cleaning service business?

They do not take into consideration the revenue from the STR business as part of the selling price.So if comps say the duplex is worth 500k, then it is worth 500k.

To navigate the nuance in the laws properly for compliance and to accurately structure our LLC, I am looking to consult with an attorney who knows immigration + business + tax laws. 

Additionally, Gemini Contractor (239-362-0930) and Kelleher Renovations LLC (239-826-7624) are excellent options to consider for getting bids and making comparisons.For larger projects, I’d be happy to help directly as I have traveling crews through my construction business.

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

I would tend to agree with the other CPAs typically.The 500-hour test is one of seven material participation tests used by the IRS to determine if a taxpayer is actively involved in a trade, business, or rental activity. 

Your best bet is to find and contact all of the top local wholesalers and go to work for one of them and see what they do right and wrong and see if it's even a business you like.

We are both 28 years old with zero experience prior to getting involved, she works for the business now and I work Blue Collar in the trades. 

Try talking to local banks who want to do business with you.

In response, FinCEN announced that BOI reporting is currently not required and businesses will not face penalties for failing to report while the injunction is in place.3.