Hi thedavid, welcome to our community! You've asked a great question. Many new, or existing small business often wonder if their small business structure is the right one, both fiscally and strategically. LLCs have proven to be an increasingly popular strategy for small business owners, however, like other options, they have both their positive and negative points to consider.
To help small business owners understand the facets of each type of structure, our Small Business experts have put together a great 4 part article that discusses all of the options in structuring a business. You can learn more about your options at: How should I structure my business? - Part 1 How should I structure my business? - Part 2 How should I structure my business? - Part 3 How should I structure my business? - Part 4.
I think you will find this series of articles helpful. If you have any questions, feel free to ask the community! We have a great variety of small business owners that are always helpful with their advice and experience.
Once again, welcome! We look forward to hearing more about you and your new rental business.