Who Saves More Money? 🤔 #shorts

Summary

This video clarifies that owning an LLC for your Airbnb does not automatically lower your taxes. The real benefit of an LLC is liability protection, shielding your personal assets if a guest is injured or damages your property. Setting up an LLC as an S-Corp or C-Corp can change the tax structure, but it's uncommon for short-term rentals and may even increase your costs if profits are not reinvested.