Selling the LLC vs individual properties
On behalf of myself, not my work as an agent (thank you moderators), I'm looking for information about any consequences or considerations when selling an Ohio single man LLC with it's own tax ID that holds multiple rental properties, vs selling the properties individually. I understand the income tax considerations re: the cost basis of the depreciated properties, I've been told that property taxes might not get automatically get reviewed as they might on a direct sale, I've talked to a title officer about title search. Besides a huge reduction of paperwork, what should I know about this? I think I understand the positives, I'm looking for the unexpected twists in tax or legal. I understand this is akin to selling a company, but is there anything special about the company having been formed to hold only real estate?