I started a business earlier this year - it's an llc but I am doing the paperwork to file as an S Corp. The business needs a fair amount of storage both for a vehicle and inventory so I am building another garage on my property (est cost about $90K). The business is paying for the expenses of the building, not me personally.
How can I structure it so that the business pays me rent on the building? Form another llc to receive rents? Does it matter that the business has paid for the building on my personal land? I would like to get it all figured out before tax time! I appreciate any advise - I'm a first time business owner.