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Updated over 4 years ago on . Most recent reply

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Account Closed
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Account Closed
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Account Closed
1
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Tax Liens & Mortgage Notes

Opening a llc for my property

Account Closed
Posted

I currently own a 2 family house in queens NY and I also have a commercial property in upstate. I was thinking about opening another llc for my 2 family that I live in now. Is that a good idea?

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Chris Seveney
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ModeratorReplied

I agree with @Ned Carey and the real answer for this should come from your attorney and CPA, as you mention you live in the duplex now and moving it to an LLC may cause you greater harm in tax implications.

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