jay asked:


I’m currently setup with an LLC on my rental properties. I want to keep the liability protection of an LLC, but have the ability of the business entity to file its own tax return and pay its own taxes while still taking advantage of the normal depreciation write offs and everything else. I want to be president of the business entity while taking a “0″ salary. Essentially I want any and all rental income to show under the business while I merely control it taking absolutely no income or salary personally.