Hi, I am currently a w2 employee and I also own properties under my personal name. How could opening an LLC and putting the properties under this LLC benefit me aside from Liability coverage? What would be the smart way to do it for tax purposes? Should my properties be making a certain amount per year for the LLC to make sense? How should I go about evaluating this?
Also, I work for a property management company (w2) and I am looking to replicate the business model. At what point would it be best to create separate LLCs and assign different properties owned to them?
Also, If I were to purchase a property abroad and looking to avoid global tax, what advice or suggestion or options would I have to not get heavily taxed. Ex Pass through entity
Thx for any info provided
