In this video, I break down the 3 essential steps to creating an LLC for rental properties.
Would you like to learn more about starting an LLC? Schedule a free consultation here: https://aba.link/2mq
LLCs offer flexibility, especially when it comes to taxes and structure. Contrary to common belief, the IRS doesn’t treat LLCs as a specific entity type. Instead, depending on the number of owners, it is taxed either as a sole proprietorship, partnership, or corporation.
For those prioritizing privacy, I offer a bonus tip on using a Wyoming LLC to shield your identity from public records while maintaining ownership and management of an LLC in your home state.
Learn why forming an LLC is a game-changer for liability protection—and how the wrong setup can leave your personal assets exposed.
This video is packed with practical advice and strategies for anyone interested in setting up an LLC for their business or rental property.
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Show Notes:
0:00 Intro
2:18 Step #1 of Setting up an LLC
4:40 Setting Up a Holding Company Structure
5:11 Step #2 of Setting up an LLC
7:35 Tax Considerations Based on Property Location
10:04 Step #3 of Setting up an LLC
12:03 Annual Compliance and Structure Types
14:53 Outro
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#llc #rentalproperty #wyomingllc #assetprotection #tobymathis
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