“I personally manage our rental property held in an LLC. Can the LLC pay me a property management fee as a 1099 hire without triggering payroll tax or any other reporting requirement?” An LLC management fee paid to yourself is one of the more creative-sounding ideas circulating among landlords right now. The framework Laura uses […]
“I own 12 rental units, and I still pay a fortune in taxes. If I just put them in an LLC, that fixes it, right?” Putting rentals in an LLC is the move most landlords reach for first — but the honest answer surprises them: the LLC wrapper, on its own, doesn’t drop your tax […]
“If I form my LLC in Wyoming, the IRS can’t touch me, right? My peers said so.” The Wyoming LLC myth is one of the most repeated — and most misunderstood — pieces of advice in small business. You hear it at conferences, in mastermind groups, and all over social media: form your LLC in […]