Scenario: you form one member LLC. This LLC is going to purchase a property and rent it out. You also in addition to be a solo member of your LLC work for another employer (so the other employer pays social security etc.)
1. When you loan your personal money to your one member LLC what the interest rate you should charge LLC?
2. Why is better to receive an interest income from the loan you just gave to your own LLC than receiving a salary? Is there any difference (in addition that as an LLC you can deduct interest paid)
3. In such a case as above does the LLC considered to have any equity in the purchased home ? so other words if someone will make a lawsuit against the LLC can they get a judgment against the home, even that formally the home is own by you - the person who loan the money?
Thank you all so much