Pratish SHah
Business purpose for LLC filing
I am filing a single member LLC in Ohio. The primary purpose for this is to rent my condo. However I would like to not limit the LLC to only a rental business. I am wondering if anyone has any advice about the “Busin...
Ken Van Haitsma Jr
Using a Business Name without Filing a Formal Business
I will be purchasing my first property in the next month or two so I want to set up business accounts with my bank to keep all of my REI money separate from personal money. I've read all the arguments for and against...
Evan Howe
California LLC question
I live in CA and am about to purchase my first OOS investment property, targeting Cleveland OH. I am looking at an LLC vs SP, with the LLC registered in OH. I know CA has an $800/year fee for any LLC “doing busines...
Dace Hueftle
Ohio Tax Filing - Business or Personal?
I'm hoping to get a clarification on filing taxes this year. Background:1. Multi-member LLC created in Colorado2. Property the LLC owns is located in Dayton OH3. We are registered as a foreign (non Ohio) LLC in Oh...
Elizabeth Lester-Medado
Taxes: LTR file as a business?
I have read articles that say you can file your real estate investment as a business, but two CPAs I have spoken with say no. Does anyone here file as a business? I have one long term rental. I have spent many many ho...
Joe Au
Claim business expenses when filing tax
Do you have to have an LLC in order to claim real estate related business expenses? If not, how many deals do you have to do per year so that you are consider as running a real estate business?
Tremon P.
Looking to get business taxes filed
Whats the best method of interviewing/vetting a CPA? Looking to have business taxes and stuff done and looking for a great quality tax professional. What would you do when looking for a CPA or tax professional?
Andy J.
Tax Structure for Multi-Member LLC investing through syndication
HiMe & my partners created a multi-member LLC (lets called it LLC-X) taxed as partnership to invest in a multi family commercial prop via a syndication. We all have equal shares. The multi family unit itself is he...
Brad Norris
Business filing and bank accounts for partnerships
Hey BP Nation,Longtime viewer, first time poster.My partner and I just closed on a duplex in Chattanooga, TN. I currently live in Chattanooga and my partner lives in Portland, OR. We're wondering the best way to set u...
Lane Mcdonald
Necessary to have someone else do the accounting?
I'm just starting out, about to close on my first deal. Wondering if it's necessary to have a professional to the accounting work as to not mess it up for tax reasons. Or is it manageable by the owner and not worth it...