LLC or run through personal account for taxes and banking

[Debra Johnson]

Just purchased single, out of state, property for STR. We reside in WA. STR in Boise, ID.

As a married couple do we set up LLC or run expenses and income through our personal names? This is in regards to banking and taxes?

[Shannon Allen]

I would recommend an LLC, it gives you further protection from liability. There is a one time filing fee and a yearly on-line renewal. For information on where to file check out

https://sos.idaho.gov/business...