Quote:
Originally Posted by tophcfa
Just curious, why rent home in an LLC? Is that a vehicle that limits your personal liability, especially if you include a golf cart with the rental? If you stop renting the home, is it easy to dissolve the LLC and convert ownership to yourself and Coach K?
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Yes, its about limiting liability for very little cost with the golf cart included, different cost structures for insurance and greater tax benefits. We will pay zero income taxes on all the income with the tax loss carry forwards when we dissolve the LLC.
retired finance guy