2 biggest mistakes owner-occupants make in real estate

Owning the building where your business operates is indeed a smart move, and many entrepreneurs find it to be a beautiful arrangement. Typically, the process involves creating an entity like a limited liability company to take title to the real estate. Then, the business operation “rents” the address from the LLC, often as a separate corporation. This setup offers some distinct advantages: tax benefits, depreciation, interest deductions and the ability to build equity. However, many owner-occupants make critical errors that can undermine these benefits. Let’s delve into two of the...