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Asked by: Jhovana Sargent
real estate real estate renting and leasingCan you rent an apartment under an LLC?
Also, can you rent an apartment under your business name?
A: Provided your corporation's by-laws permit the leasing of real estate (typically by-laws do) then renting under a corporate name is possible.
Likewise, people ask, can you get an apartment with an LLC?
A limited liability company, much like a corporation, is a business entity regulated by states that is distinct from its owners and can enter into contracts. As a result, an LLC can rent an apartment. However, even though the LLC is registered with the state, you still have to do your due diligence.
Business location expenses are deductible for tax purposes by an LLC. The LLC can also deduct any rent it has paid for property that it does not own. The LLC cannot, however, write off any personal utilities and mortgage payments as business expenses.