My question involves landlord-tenant law in the State of: California
We are looking at purchasing our first duplex as an investment. We will have 2 tenants.
Some questions please:
1. We have an existing corporation (INC) can we vest the duplex into the INC or form an LLC?
2. Is an LLC even necessary or can we just vest into our Trust? We would have insurance, just wondering if an LLC is more protection as we do have other assets?
3. Tax wise, does it matter if we vest it in our Trust, INC or LLC? I want to be able to write off expenses associated with the property.
Thank you very much