No being used as much

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No being used as much (by Fred [MA]) May 14, 2019 10:27 PM

No being used as much (by plenty [MO]) May 14, 2019 10:34 PM

No being used as much (by nhsailmaker [NH]) May 15, 2019 7:10 AM

No being used as much (by Still Learning [NH]) May 15, 2019 7:35 AM

No being used as much (by Landlord ofthe Flies [TX]) May 15, 2019 5:18 PM

No being used as much (by Fred [MA]) Posted on: May 14, 2019 10:27 PM
Message:

LLC's get expensive to hold in my state. One solution is...

House owned by trust. Trustee is an LLC. Beneficiary is a nominee trust.

LLC doesnt own anything just runs the business. Family trust holds the dough.

. --71.126.xxx.xxx

No being used as much (by plenty [MO]) Posted on: May 14, 2019 10:34 PM
Message:

Thats interesting. Can you share more? --99.203.xx.xx

No being used as much (by nhsailmaker [NH]) Posted on: May 15, 2019 7:10 AM
Message:

that is Taxachussetts for ya.

you can't even blink in MA without consulting your lawyer --24.62.xxx.xxx

No being used as much (by Still Learning [NH]) Posted on: May 15, 2019 7:35 AM
Message:

Must be a MA thing. Never heard this until a week ago when a friend from MA was explaining their similar structure to me. I think it was also for tax and estate reasons. --24.61.xxx.xx

No being used as much (by Landlord ofthe Flies [TX]) Posted on: May 15, 2019 5:18 PM
Message:

What about an LLC formed in another state like Delaware or Texas? Then wouldn't you just owe for taxes on the rental only?

Texas LLCs are cheap and they don't have to file a return. Franchise tax is $0 until the LLC brings in over $1M in sales. --108.69.xxx.xxx

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No being used as much

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