Home Buying in 90272>Question Details

Homebuyer, Home Buyer in 90272

What are the pros and cons of vesting a primary residence utilizing a LLC?

Asked by Homebuyer, 90272 Mon Jul 30, 2012

Husband and wife are the only members/officers of the LLC. We are curious about doing this and if there are any tax advantages, privacy issues etc. Also, what is the impact on a future sale?

Help the community by answering this question:

Answers

2
From a marketing point of view it doesn't make a difference in my opinion. If there are any docs you record with you or your wife's name on it (i.e. deed of trust), they are public record and can be found if someone was so inclined. Please seek an accountant's advice regarding tax implication.
1 vote Thank Flag Link Wed Oct 3, 2012
Cost money to set up and there is a filing fee every year. Not much protection on primary and no tax savings

David Cooper Investor 702-499-7037
FREE Bank-Owned Foreclosure List
http://www.lasvegaswinner.org
0 votes Thank Flag Link Sat Nov 3, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer