My friend and I are building a vacation rental business. We have an LLC for the management side of the business. My friend owns the cabins and purchased them in her (and her husbands) name. We think that we know that we would like to move these properties into each of their own LLC's, as we have learned that this is what we should have done in the first place. I have two questions from here...OK maybe more than 2, but let's start there.
What is the easiest way to move property from personal ownership into a new LLC? And not run into additional costs?
We are also starting to build our business team. So, my next question is...
Should we invest our funds with a real estate/tax accountant (to prevent the first situation from reoccurring) or should we find a bookkeeper? (I am comfortable handling the books for now.)
Thanks!:smx3:
What is the easiest way to move property from personal ownership into a new LLC? And not run into additional costs?
We are also starting to build our business team. So, my next question is...
Should we invest our funds with a real estate/tax accountant (to prevent the first situation from reoccurring) or should we find a bookkeeper? (I am comfortable handling the books for now.)
Thanks!:smx3:
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