If you own a small limited liability business, say a news stand, would you purchase your home under the business to park it as expenses?
in doing so, the expenses (loan) will reduce the taxable income , while the appreciation will not be taxed but only to add to your net worth, which you can pledge it for cash.
- EvaLv 71 month ago
The whole idea of a LLC is to keep your business and personal assets separate. There's no way that putting a personal residence under the LLC makes it a bona fide business expense. In the US, personal residence expenses might be able to be deducted as a home office expenses if a room in your home is dedicated to the office work that needs to be done for your business, but you still wouldn't purchase it under the LLC.
- TavyLv 71 month ago
No Lender will give you a business loan for a property.
- JudyLv 71 month ago
no, you'r not allowd to do that.