it’s not the specific recommendation that is most valuable. it is the reasoning behind the recommendation. Identity the rationale, and then see a good local advisor for state-specific advice. Sometimes, a small modifiation to the generic plan can avoid unnecessary problems. Like franchise taxes in Texas. I keep mentioning this one, because I do biz here. But there are lots of state-specific “gotchas” which can be avoided with good planning.
When you are creating entities, you are particularly interested in asset protection. However, there is a also right way and wrong way to create your entities for the best tax results. Especially if you have multiple businesses around real estate.
Has anyone used CPA services of a company who are experienced particularly in real estate business, and perhaps provides nationwide service? Has anyone used Diane Kennedy’s tax advice service? Any feedback and recommendations for a CPA company appreciated.
Thanks