Good VDO of Real Estate LLC - Pros and Cons of Using Real Estate LLC's
Not long ago, I presented the story. Useful. these days i am happy to present Video on Irs Tax Form 1040. i want it to dam my sisters. and therefore the public. information that's helpful. together with your friends. Real Estate LLC - Pros and Cons of Using Real Estate LLC's, that I actually have seen this as an excellent contribution. VDO is that the knowledge. The End. Judgment within the read. Real Estate LLC - Pros and Cons of Using Real Estate LLC's Video Clips. Duration : 5.18 Mins.www.REIClub.com - Real Estate LLC Allows For Financial and Tax Advantages. Here Are The Pros and Cons of Putting Your Real Estate Into An LLC... Hi, this isFrank Chen with REIClub.com, the only site you need as a real estate investor. Today I've got quick video on the pros and cons of protecting your real estate business using LLC's. Entity Selection - looking for... - Protect your assets - Save you taxes - Help audit-proof your IRS returns Pros of Real Estate LLC - Limit personal liability - 1040 Flow Through Tax Benefit - avoid paying both corporate and personal taxes - double taxation - No limitation on Number of Owners - some entities have a 75 owners or less - Characteristics of Corporation and Partnership - Corporation - dividing line between business and owners - Partnership - allows more flexibility between the members. - Protect multiple real estate investments under 1 LLC - if setup correctly - equity stripping - use another LLC to create liens on properties, no equity - Cheaper than incorporating - Much less paperwork than a corporation - Deduct home study courses, seminars, travel, and other expenses - Avoid Transfer Tax - Transferring LLC's = no tax Cons of Real Estate LLC - must have own bank account - might have to pay accountant more - harder to qualify for loans for properties under an LLC (I've been told) - evictions must go through a lawyer in some states - self-employment tax - franchise tax for getting LLC benefits - vary by state Helpful Tips - llc ...
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