For property owners, this business structure is commonly used to organize rental properties into separate LLCs with the goals of protecting personal assets. A financial advisor could help you decide ...

Additionally, it can also help you with your taxes ... A limited liability company is relatively easy to form. Among other reasons, this makes it popular for landlords and rental property owners.

This tells the tax agency how the LLC has divided its earnings among its members, to make sure that all income is reported accurately. If you own a rental property, this tax structure allows you ...