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set up a LLC for investment properties?
Posted by reddog1250 on 07/23/2008 - 11:09
I live in NJ. I own 2 properties in PA, both with mortgages. Both are investment properties, in my name as the sole owner.
Would it be beneficial to set up a LLC for accounting and tax purposes?
What kind of LLC should I establish?
What are the advantages and disadvantages of setting up this LLC vs. leaving everything under my personal income tax statement?
Thank You.
Thomas Carlen, banker, NJ
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