Tax Consequences for Transferring Property to a Limited Liability Company

If your small business is organized as a limited liability company, you can transfer your personal property to your company. You must be prepared for tax consequences. Familiarize yourself with the possible tax consequences of the transfer for yourself and any other LLC members. Though an LLC is a pass-through entity, and therefore does not pay taxes itself, it can pass on higher taxes to LLC members as a result of the property transfer. Read More

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