20 November 2008

Annette Hall, CPA: Q&A 4

Is it better to have my rental property owned by an individual/couple , LLC or Corporation?

The tax implications of the entity selection would depend on the tax rate of the owner and passive activity holdings. The legal implications of the entity selection are more important for liability protection.

Annette Hall, CPA
515 Keisler Drive
Cary, NC 27518
919-468-0505

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