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llc membership
10/25/09 6:09 PM
Total Views: 66
Total Views: 66
If my husband and I buy a commercial building together to rent out and form a LLC, is there any benefit by making it a single member vs. both of us owning it?
All Replies: Answers (2)
Rating 0
Answer
10/26/09 6:00 AM
I think that's a question for your tax accountant. State laws can vary so much on LLC structure, I wouldn't hazard a guess.
Deni
Rating 0
Answer
11/1/09 5:01 AM
One benefit of forming it as a single-member LLC is that you would put the income and expenses on your 1040 Schedule-C rather than having to file a partnership return.
