I am wondering what the rules are specifically in relation to either owning or renting a second property while rent-stabilized in NYC.
In short I live and work out of my 2 bedroom stabilized apartment. it's getting to the point that I would like to look at renting a separate space for moving the work, however, I don't want a cooperate space, Im a sole proprietor and LLC. I also don't want it to affect anything with my rent stabilization by not knowing all the rules.
Any idea how renting/buying a separate space under my LLC for business vs my personal name tied to rent stabilization works? Im fine with the general risks/liability of an LLC, Im just concerned with it screwing with my personal stabilized apartment