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Updated 1 day ago on . Most recent reply

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Tomoko Hale
20
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67
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Utility bill under an individual name or an LLC

Tomoko Hale
Posted

When you start utilities on the properties just purchased for STR purpose under an individual name but will be transferred to an LLC soon, is that better to wait the LLC to be done first then start the services, or turn them on as soon as possible to reduce the downtime to get ready and change the ownership to an LLC for the utility companies?

How about accounting side? Can the utility bills under an individual name be claimed as a business expense?

Is this legal okay to do?

  • Tomoko Hale
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