which is the right way?
I JUST STARTED A LLC FOR HOUSE MY MOM GAVE ME IN MAINE. I LIVE IN NY. LLC FORMED IN MAINE. MY QUESTIONS IS THAT I JUST TRANSFERRED THE PROPERTY FROM MOM TO ME. I HAVE TO GET LENDING AND SHOULD I TRANSFER PROPERTY FROM ME TO THE LLC? WHAT IS THE BEST WAY TO DO THIS AND THIS IS THE ONLY PROPERTY THAT IS GOING TO BE IN THIS LLC AS IT IS A FAMILY HOUSE THAT WILL BE RENTED FOR INCOME. SHOULD i TRANSFER TO LLC AND KEEP AS A LLC? OR SHOULD I MOVE EVERYTHING TO A FAMILT TRUST NOW. AND ALSO CAN i MOVED ALL THIS INTO A FAMILT TRUST LLC LATER. WHICH WILL HAVE LESS TAX IMPLICATIONS KCEMLLC@YAHOO.COM
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