Updated about 8 years ago on . Most recent reply
Purchasing a property in FL as a primary residence & for business
I'm trying to determine the best course of action to take for buying a residential property in Florida with my current situation (information below). I am not sure if I should purchase the property through the current business, form an LLC under the business to purchase the property, or just purchase the property myself. I am also trying to decide whether or not to change the business address to the Florida property for tax purposes.
Additional Information:
I currently have a small business (s-corp) in Ohio as well as a residential property (which is a personal property, separate from the business).
I plan on buying a residential property that will be partially used for my business and will also become my primary residence. I am also considering allowing a friend to rent one of the rooms as I will be traveling at least monthly back to Ohio.