Announcement

Collapse
No announcement yet.

Multiple LLCs for Rental

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • FIREshrink
    replied
    We opted no LLC for a partial interest in a duplex worth under $500k. We have $1M liability on the property and our umbrella of several million is additional. We felt comfortable with these layers of protection.

    Leave a comment:


  • lost
    replied




    No serial in Cali.   We put in single LLC; increased cross risks, but $800 per unit too much to uncle sacramento for this poor fellow.  ????
    Click to expand...


    Agree. Thank you.

    Leave a comment:


  • StarTrekDoc
    replied
    No serial in Cali.   We put in single LLC; increased cross risks, but $800 per unit too much to uncle sacramento for this poor fellow. 

    Leave a comment:


  • lost
    replied
    Thank you Hank.

    Leave a comment:


  • Hank
    replied
    In California each unit of a series LLC  that does business in California gets hit with a separate $800 annual fee.  As so often happens when California doesn't conform to federal taxation law, it is to the detriment of the California taxpayer.

    Leave a comment:


  • lost
    replied
    Not allowed in California

    Leave a comment:


  • Complete_newbie
    replied
    Check if there is a serial LLC structure in CA. That would work beautifully.

    Leave a comment:


  • lost
    started a topic Multiple LLCs for Rental

    Multiple LLCs for Rental

    CA state charges minimum franchise tax of $800/year for S-corps and LLCs. If we decide to create an LLC and open additional LLCs under main LLC for various rental properties (national and international), each LLC will likely be charged this fee. Is there a suggestion for a different structure for proposed business?
Working...
X