When Should You Set Up an LLC Management Company?

Summary

This video explains the concept of management companies as a business structure, detailing how they can be used to shift income and manage various business ventures, including real estate investments. A key benefit discussed is the ability to deduct expenses through a management company, particularly when involving family members on payroll or utilizing assets like vehicles for business purposes. The video touches on the implications of 'real estate professional' status and offers advice on setting up such entities to optimize tax strategies.