This shit was so good that I almost WANTED you to throw an ad in there at the end about which tax professional I should go with. But now I see that I may have to schedule a consultation with your firm! Thanks!
If I open an LLC simply for real estate protection, what tax implications could I be looking at? Could I be taxed on the rental income? Or could I state that is not part of the income because it would need to go to the mortgage?
I was wondering if you can help! If I have a DBA for an online school and I want to convert to an LLC do I have to get rid of my school and re-open under the LLC?
Hello Jelani, thank you for your message! While Efros Financial does not provide entity formation services (we typically advise that clients consult with an attorney for matters pertaining to entity formation as such matters may constitute legal advice). However, we can certainly schedule a consultation to discuss the income tax implications of forming an LLC, including any taxes, fees, and estimated income tax payments which may be applicable. Accordingly, please feel free to reach out to me at (323) 531-3500 or info --AT-- efrosfinancial --DOT com to continue the conversation.
Hello David! Thank you for reaching out. However, questions pertaining to company naming issues are best-suited for a business attorney as information regarding business entities (including the implications of changing the name of an entity) may constitute legal advice.
