Hi,
I work full time for a company and I also have some investments. One such investment is through a firm from which I receive schedule K1. I also have a mobile home which is managed by a management firm and I receive payments on promissory note. Should I be creating an LLC with all these investments in it to separate out taxes and provide the ability to expense management fees and such. I have been including all these incomes(not adding up to a lot) in my personal tax returns. Is there a benefit in creating an LLC and maintaining it for the investments I have. If so, how do I go about it? Thank you for taking time to answer my question.
Sincerely,
Satheesan Nayar
