Resources/Tax & Legal Guide

STR Tax & Legal Basics

Essential business structure, tax, and legal considerations for short-term rental owners. This is general guidance—consult professionals for your specific situation.

Disclaimer: This guide provides general information only and does not constitute legal, tax, or financial advice. Always consult with qualified professionals (CPA, attorney) for advice specific to your situation.

Business Setup Checklist

Most STR owners benefit from forming an LLC (Limited Liability Company) to separate personal and business assets.

Benefits of an LLC

  • Liability protection - Personal assets protected from business lawsuits
  • Tax flexibility - Choose how you want to be taxed
  • Professional appearance - More credible to vendors and partners
  • Easier accounting - Clear separation of business finances

How to Form an LLC

  1. 1. Choose a unique business name (check availability in your state)
  2. 2. File Articles of Organization with your state
  3. 3. Pay filing fee (varies by state, typically $50-$500)
  4. 4. Create an Operating Agreement (required for multi-member LLCs)
  5. 5. Obtain EIN from IRS (free, online at irs.gov)

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ZenBusiness handles all the paperwork for you—LLC formation, registered agent, and compliance reminders. Starts at $0 + state fees. Most hosts are set up within a week.

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Need Help Getting Set Up?

We can guide you through the business setup process and connect you with STR-experienced CPAs and attorneys.