I understand that me and my wife can both be on our Texas LLC, and we can still file as a Single Member LLC so that we have a disregarded entity from a tax perspective, but we still have the liability protection. In f...
Hi Guys,I've been trying to find this answer online and was wondering if I create an LLC and it's only my wife and I as members 50/50 is that considered a single member LLC or a multi member? I know they have differen...
Hey BP, I hope everyone is doing well. I am in the proess of completing a cash-out refi on a triplex that I own, and I thought it might be a good time to transfer it from my personal name to an LLC. My realtor is sugg...
I understand that me and my wife can both be on our Texas LLC, and we can still file as a Single Member LLC so that we have a disregarded entity from a tax perspective, but we still have the liability protection. In f...
If an unmarried couple wants to buy or build a fourplex, should both of them be on the deed? Who would be allowed to claim the rental income? Let's say one spouse works and earns money, and the other spouse doesn't wo...
For those of you that setup a revocable living trust with your spouse/partner for your real estate LLCs and other assets such as bank accounts, did you setup a single revocable trust or separate trusts? My attorney ad...
If my spouse doesn't want to be involved or have the business, and I form an LLC, will I have to be considered multi member because I am married? or can I form it as a single member?
Please advise.
Dana
Hi Everyone, we recently just purchased our first rental property and we put it in an LLC Account. We ended up selling the property for a profit instead of keeping it for a rental property. My question is can I go ahe...
I have a burning and urgent question - scoured the internet but to no avail.Will transferring property from a single member LLC to a spouse of that single member trigger a due on sale clause? Or is it protected under ...