Create An LLC
Maintain An LLC

So you own rental properties, and you need to protect them. Do you form an LLC for every single rental property? Or do you throw all the eggs into the same basket. I discuss it here.

The following is taken from one of my favorite books on tax, David J. Cartano’s Federal & State Taxation of Limited Liability Companies.  He does a great job of writing plainly, and he really covers all the basis (it is a law/tax book however and so is still steep, deep, and dry).   I am writing [...]

For those who do not know, STARTrightllc.com is a new web site where business owners may go to create and maintain an LLC. The Utah LLC was the first to be available this summer in July. The California LLC and the Arizona LLC followed quickly in late July early [...]

Last week I covered the tax structure for a Utah LLC in conjunction with the release of STARTright to form a Utah LLC.   We released California this week and on Thursday, I will write about California’s tax treatment of the California LLC.   Today I am going to  expound on the general LLC tax concept which [...]

In honor of the STARTright “Utah LLC” release and, I will be looking at how a Utah LLC is taxed.
The State’s tax treatment of Utah LLCs is taken from the Revised Limited Liability Company Act (Citation: Utah Code Ann.  §§ 48-2c-1-1 to 48-2c-1902).
In section 117 tax treatment of Utah LLCs is set forth:
A company established [...]