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Laura Smith
  • Jefferson, OR
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LLC? Tax advantages? Write offs?

Laura Smith
  • Jefferson, OR
Posted Aug 23 2017, 23:31
So I understand that having an LLC is beneficial but I have no idea where to start learning about the benefits and how it works. Any suggestions on business finance books or online classes (preferably free) so I can start to wrap my brain around how it separates my personal finances from my business. I keep reading/hearing that showing a loss is a good thing for taxes but is it really a good thing for business? For example would there be any benefit to putting my PR in my LLC and technically renting from my LLC? As I understand it I would just lose the tax write off on my personal taxes. Is that correct?

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