S-CORP Or LLC or NONE

[Cameron Riley]

Can you break down the benefits of forming an LLC?

Putting rental homes into an LLC

[Natalie Kolodij]

Originally posted by @Justin Matesic:

@Natalie Kolodij I was under the impression that even though the IRS doesn't recognize sole member LLCs, you could still use a lot of the expense to offset personal tax (IE writing off LLC related things as a business expense). Or would you be able to do that regardless?

But then again that's why I pay to have my taxes done!

You were under the wrong impression. 

You get those expenses either way. 

Literally the only thing a single member LLC does is create a legal shield to an extent.