2 ms·
When you sell the equity in an LLC, then you're selling an investment and if you hold that investment for longer than a year or 366 days or more, then yes it wo
by camz 16y ago
When you sell the equity in an LLC, then you're selling an investment and if you hold that investment for longer than a year or 366 days or more, then yes it would be long term capital gains.
Generally, its better for you and the buyer to sell equity in a legal entity that to move the assets around. Its easier, less annoying and you dont need to worry about transferring a bunch of titles.