Hi All,

I am in the process of closing on a commercial building - 1 bedroom upstairs and a business leasing the downstairs small office for the next 6 months. I am planning on moving my company S-corp Inc. into the office when their lease expires. What’s the best way to setup the buildings for tax proposes. I have reached out my cpa & various individuals with mixed opinions. Purchasing through personal finances.

Questions

Title through personal or buildings LLC. or consulting Inc.? Leaning towards creating new LLC. for building - renting apartment & leasing office through my business to myself?

Wondering what the best route will be to keep everything clean and separate for tax purposes and finances. There is some work to be done initially to apartment. Likely create separate checking account to keep profits/expenses easy to manage. Just want to get it squared away before closing and insurance requirements.

Any suggestions or thoughts from others with this process would be appreciated. Thanks!