I've been getting a lot of requests from landlords in my area to rent apartments for them, so I've decided to start a property rental company. This will also include some management on certain properties. I thought it would be best to set up an LLC but not sure if it should be a single member LLC or multi member taxed as an S corp or anyother option I don't know about. Any suggestions?
I also have a seperate LLC for my and my husband's rental properties. Additionally, we have a friend that will be helping us in the apartment rental business as well as helping in our properties we own. I was thinking that it would be a good idea if he started an LLC and both of our businesses could pay his LLC. We're all leaning towards this instead of making him an employee of both businesses. Do you think that is a good idea?
I also have a seperate LLC for my and my husband's rental properties. Additionally, we have a friend that will be helping us in the apartment rental business as well as helping in our properties we own. I was thinking that it would be a good idea if he started an LLC and both of our businesses could pay his LLC. We're all leaning towards this instead of making him an employee of both businesses. Do you think that is a good idea?
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