Should I set up a business before or after

Hey All,

I’m looking into purchasing an apartment bldg in the next couple months. Should I work on setting up an LLC or C-corp now? Or wait until I purchase the property? If I wait, would I just tranfer the property into the business name?

Here are a couple more questions:

  1. If the business is not set up can I still write expenses off?
  2. I set up the business in the state the property is located, correct?
  3. Income tax - if you live outside of the state you purchase - Is there double tax or anything I should be aware of?