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Updated over 8 years ago,
Entity for a Canadian citizen in the State of Florida
Hello, this is my first post here, and i hope I am doing this right. I got involved in investing in a rental property a couple of years ago. My interest is maybe to own max 2-3 rentals. I was advised by a lawyer to take a very intricate and also costly Corporative entity with a LLLP, but the annual fees are very high, as well as the annual tax returns costs. I would like to simplify my structure and my annual fees too. Would buying a rental under a trust be a better choice? I know my structure gives me a good liability, but I would like to have other advices if any about this matter.
Thank you