Skip to content
Tax, SDIRAs & Cost Segregation

User Stats

8
Posts
1
Votes
Claire Blary
1
Votes |
8
Posts

Llc set up and attorney Florida

Claire Blary
Posted Jul 28 2022, 09:28

I  live in Florida, and am widowed. We had owned 4+ single family homes, which are rented out. I used the money from the life insurance policy to pay off the rentals. I have set up a trust and have an umbrella policy for several million.

I was wondering if I should put all property into 1 LLC or if I should put each property into an individual LLC? For liability protection

I have been working on completely separating all business and personal finances.

if I had several LLCs I'd need separate bank account and it seems complicated.

the other question, is do I need a lawyer to set up the LLCs? Or is legal zoom an option? 

legal zoom also has legal services for 450$ 6 months. It's obviously limited. I have talked to several lawyers and it's overwhelming. Any advice? 

also my CPA recommended I file taxes as a S Corp to be able to write off expenses and take a salary. Can anyone comment on that. Or if you have advice for who to use as lawyer.

thanks

Loading replies...