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LLC Protection and tax advice
Hi,
I'm a U.S citizen with rental properties in the U.S. I have one property in a single member LLC and another property in my name only. I plan on moving this property into a separate LLC later on. Is there any legal advice on making sure the LLC's protect my personal assets. My current LLC has separate bank accounts and separate street addresses. Is there anything I need to be aware of when doing this, or if there is any helpful advice when doing this?
Also is the form 1040E all I need to file my LLC during tax season? My CPA said that the information on the 1040E will also need to be filed along with a 1040C, but that doesn't make any sense.