Posts by casualfalcon86

mistytinker26 said:I’d say option A is definitely the most worth considering. As for option C, I’d actually suggest looking into a sole proprietorship or a small business instead—why jump straight to an LLC? I mean, if you really need the structure of an LLC, that doesn't mean you can't start with a simpler setup first.

The reason I'm leaning toward an LLC is that your liability is limited strictly to the capital you've put in—usually just $6.75—but there’s more to it than that. An LLC gives me way more flexibility when it comes to how I handle my taxes. Honestly, I can't stand the tax brackets for sole proprietors... even though I probably won't be pulling in anywhere near $0.00 a month, just the thought of facing a 45% tax rate versus 35% for a lower bracket is enough to make me walk away from the whole idea.

Hey there. I’m looking into setting up an LLC, mainly focused on olive farming since I currently own five different plots totaling about 5.6 acres. I was wondering if anyone here has experience with the best way to move those properties into the company—ideally something that balances tax efficiency with keeping things legally sound?
a) Should I just lease the land from myself at a standard market rate?
b) Or would it make more sense to transfer ownership of the plots directly to the LLC (though, honestly, the idea of tying my personal property to potential business liabilities makes me pretty uneasy)?
c) Or is there some other clever workaround I haven't thought of yet?

By the way, does anyone have a ballpark idea of what leasing olive groves goes for out in the islands? Specifically over on Maui?

Thanks!