Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 13 years ago on .
Most recent reply
presented by

subchapter S for existing rentals
I have 2 rentals; 1 in my name; the other in the wife's & want to put these into a subchapter S corporation. Is this possible and, if so, how do I do it?
Do I have to let the bank know as well?
I'm guessing after this is accomplished, the renters will have to write checks to the company name, create a business checking account @ the bank, & then also change the contract from our name to the corporation?
Sounds messy.