Are Your RE Holdings Held In A LLC?

Are your real estate holdings held in a Limited Liability Corporation? Are you keeping up with the necessary paperwork involved in maintaining your entity? If you were audited by the IRS today, would you be able to produce your LLCs Articles of Organization, meeting minutes or other docmentation required to maintain your entity? When auditing small businesses that are designated as LLCs or even SCorporations the IRS is requesting your organizational documents as part of their audit. If you're unable to produce this information or have failed to maintain it, then you'll lose your LLC or SCorp status along with all of the benefits associated with these entities.

Running a business is difficult enough without all of the administrative tasks involved.  As a small business owner you barely have enough time to run and grow your business so some of these administrative tasks fall by the wayside.  However, these tasks are important and should not be neglected.  You should consider outsourcing these tasks to someone who specializes in working with LLCs and S Corporations who can handle the administrative tasks as well as your accounting needs. 

SFS Group specializes in working with LLCs and SCorporations by taking care of their accounting and finance as well as handling the administrative tasks involved in maintaining the integrity of their organization.  Any one can handle these tasks for you but an organization that specializes in working with real estate investors and landlords as well as LLCs and S Corps will be more beneficial. By specializing in this area, SFS Group is very knowledgeable about what is required for these specific small businesses.