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3 June 2024 | 3 replies
Did you find it beneficial vs not creating the LLC or any type of pass through entity?
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4 June 2024 | 9 replies
However, some sort of business entity to protect yourself would be a good idea in my opinion. - Investment RE in Nashville TN
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3 June 2024 | 2 replies
They form all of my entities and are a great source of information.
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4 June 2024 | 3 replies
CliffNow explain the cost of setting up each entity and maintaining them annually.
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3 June 2024 | 10 replies
@Vrushal Dongre you can invest as an entity (LLC) but I just went in as an individual.
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2 June 2024 | 8 replies
Understanding how these entities can work together to support our cause is crucial.I am seeking feedback, resources, or any guidance on how to proceed with this plan.
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2 June 2024 | 2 replies
you can do anything, there is zero benefit in doing this. a LLC is a disregarded entity for tax purposes so essentially you are renting it to yourself so its a net zero.
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4 June 2024 | 221 replies
If yes, which kind of entity?
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1 June 2024 | 3 replies
The transfer should be a credit to the bank account, but the debit should be to Loan Payable for the principal amount and interest, and the rest to insurance and taxes.The LLC is a disregarded entity for IRS purposes and uses the owner's Social Security number to report on Schedule E, page one.
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31 May 2024 | 2 replies
Yes, your entity name will go on the deed at closing.3) Before you worry about pitching it to her, make sure the deal makes financial sense as an investment for you!