The net effect is that it reduces the amount he has to pay self-employment taxes on to $10,000. Oct 13, 2020 · The transfer of property is much easier than with an LLC Avoids tax transfers. . However, a land trust provides absolutely no asset protection. A business set up as an LLC with a single owner who pays business taxes as part of their personal income tax return is considered a disregarded entity by the IRS, which means you don't need an EIN to file.
. A landtrust does not serve the same purposes of a true estate planning trust. . In fact, that is the purpose of having a Trustee in the first place, to appoint someone who can manage the Trust assets. Trust the market leader.