I and my wife have a small business that is registered in MA as an S-Corp, we have also a rental property. I am told that to protect ourselves it is better to register the rental property as LLC. I was wondering (particularly under the new tax law) which one of the following options is more advisable:
- Transfer the ownership of the rental to the S-Corp (buy it from ourselves)
- Change the S-Corp to LLC and then transfer the ownership of the rental to the LLC.
- Keep S-Corp as it is and form an LLC for the rental property.