r******i
发帖数: 674 | 1 Hi, friends here: I have 5 rental properties now, Do I have to set up a llc?
What is the
advantage of creating a LLC? If I always collect cash from the tenants, I do
not need the LLC , right?
Thank you for help... | d******k
发帖数: 76 | 2 LLCs provide their members protection from liability. This means that
members are not personally liable for debts and often court judgments
incurred by the LLC. Creditors are foreclosed from seeking the personal
assets of the LLCs members. It is a meaningful shield not provided in a sole
proprietorship or traditional partnership.
It also provides you with tax benefits, some expenses can help you deduct
some income taxes.
So it's your call.
llc?
do
【在 r******i 的大作中提到】
: Hi, friends here: I have 5 rental properties now, Do I have to set up a llc?
: What is the
: advantage of creating a LLC? If I always collect cash from the tenants, I do
: not need the LLC , right?
: Thank you for help...
| r******i
发帖数: 674 | 3 Your writing is very clear , thank you , my friend.
sole
【在 d******k 的大作中提到】
: LLCs provide their members protection from liability. This means that
: members are not personally liable for debts and often court judgments
: incurred by the LLC. Creditors are foreclosed from seeking the personal
: assets of the LLCs members. It is a meaningful shield not provided in a sole
: proprietorship or traditional partnership.
: It also provides you with tax benefits, some expenses can help you deduct
: some income taxes.
: So it's your call.
:
: llc?
| b*****M
发帖数: 244 | 4 Thank you!
sole
【在 d******k 的大作中提到】
: LLCs provide their members protection from liability. This means that
: members are not personally liable for debts and often court judgments
: incurred by the LLC. Creditors are foreclosed from seeking the personal
: assets of the LLCs members. It is a meaningful shield not provided in a sole
: proprietorship or traditional partnership.
: It also provides you with tax benefits, some expenses can help you deduct
: some income taxes.
: So it's your call.
:
: llc?
|
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