My husband and I set up our business as a C-Corp, in order to take advantage of the tax benefits/write offs as well as the asset protection that the C-Corp allows for. However, the first year I went to have the busin...

Hey BP,

I am looking to purchase a 4-plex in Florida with a partner. The partner will be supplying the down payment.

My question is what would be more beneficial to form: a partnership or LLC?

Thank you!

Kellen

Need advice on Business entity. Me and my wife are both W2 employees but we have an option to have my wife be a 1099 Contractor for the school she works for. I am reading and trying to determine some benefits of the S...

Hello All,An absolute newbie here! I have a partner who has created an LLC in Nevada for flipping houses as they were advised it was best. Ive done a little research and looks like it is more beneficial to create an L...

Hello BP!

What are the pros and cons of creating an LLC right off the bat when beginning in the REI world?

The April 15th due date for filing and paying taxes has been automatically extended 90 days.
Individuals can defer up to $1 million of tax liability and corporations get an extension on up to $10 million. Late filin...

Hi,I cannot find any literature from the IRS on whether contributions to a Solo 401k from an LLC taxed as an S Corp have to come from the businesses account or if they can come from a personal checking account. My acc...

I'm a US citizen living in Germany, where I am buying rental property. The law here is that if the property is sold after >10 years' ownership, there is no tax on the capital gains. However, I would have to declare...

Hi BP community,I am wondering how does property taxes work in US? I will be using a LLC when purchasing the property then have an Holding LLC as I will be thinking long term with multiple properties across various St...

Hi BP-I recently talked with an attorney about setting up an LLC to hold a couple of rental properties.  Previous rentals had been held in my own name, but I wanted to transfer current properties into an LLC.  I had h...