In this video, I'll go over everything you need to know about forming an LLC for your rental property. By doing this, you'll be able to separate your personal expenses from your business expenses, as well as save a ton of money on taxes by electing your business as an S Corp to avoid double taxation.

Start your Maryland LLC with Northwest Registered Agent (exclusive $39 formation package for our audience only):
[ Ссылка ]

Bizee (formerly IncFile):
[ Ссылка ]

^99% of people should go with the Gold package because they will do everything for you and as a result, save you a ton of time and mental energy that you can redirect towards growing the business.

Our favorite business must-haves:
💳 Best business credit cards: [ Ссылка ]
🏦 Novo (best business bank): [ Ссылка ]
🖥️ Best AI website builder ($3/month using code STARTUPWISE): [ Ссылка ]
⚙️ Northwest (best $39 LLC formation service): [ Ссылка ]
💰 Payroll with Gusto (get 2 months free!): [ Ссылка ]
👨💼 Best overseas staffing agency (save 80% on payroll): [ Ссылка ]

Be sure to watch until the end of the video because I will be going over what you should do if you own multiple properties, along with the most affordable way to form an LLC. Plus, I'll explain when the best time is to set up an LLC for your investment property.

If you liked this video and want to learn more, make sure to check out our other videos on the channel:

Business Formation Playlist:
[ Ссылка ]

How To Elect Your LLC To Be Taxed As An S Corporation (Fast):
[ Ссылка ]

Request New Videos Here:
[ Ссылка ]

If you found this video helpful, please SHARE it with a friend that could benefit, and also LIKE and subscribe for more videos like this! Our goal is to help entrepreneurs with business formation, side hustles, and making money!

Thanks for watching and I hope you have a wonderful rest of your day!

- Charlie

#LLC #Business #Realestate

Timeline:
0:00 - Intro
0:30 - When To Start An LLC For Your Investment Property
1:15 - Benefits Of Owning Real Estate Under An LLC
1:32 - Having Properties In Multiple States
1:39 - Having Multiple Properties In One State
1:45 - Most Affordable Way To Set Up LLC For Rental Properties
2:25 - Incfile Walkthrough
6:32 - Conclusion

свернуть