[inda50]

I have a few properties in the Village that I want to rent out and eventually make a business out of this. What would be the best way to go about doing this. Some people have said an "LLC" would be best, others have said "S" corp. I have also heard the term "Real estate Professional". What are the pros and cons and what do you recomend.

[Hunt Law Firm]

Assuming there is nothing in your deed restrictions that prohibit leasing the property or having the property owned by an entity, it would definatly be a good idea to have these rental properties owned by an LLC or a corporation if you are going to be leasing them. There are legal differences between an LLC and a corporation. There are also tax ramifications that you need to be advised about prior to funding these properties into a corporation or an LLC. I would need to meet with you for about an hour to discuss your particular situation before I could advise you which approach would be best for you from both a legal and tax standpoint. Please feel free to give me a call to schedule an appointment. (352) 365-2262

[JoelJohnson]

My wife and I just bought a house at TV. We live in MA and don't plan to live there for a few years yet. We plan to rent/lease the house until then. I'm think that I would like to set up an LLC, but I can't get down there. Can I call you and set up an appointment by phone?

[Hunt Law Firm]

Sure. My phone number is (352) 365-2262.