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Updated almost 6 years ago on . Most recent reply
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Invest as an individual or through your LLC?
I'm going to be investing in my first deal next month, a SFH in NE DC. I'm trying to decide whether to invest as an individual, through my personal checking account, or through my small business. I'm going to be covering the 10% down payment and carrying costs, and my business partner (who has his own LLC) is going to be handling the loan from the HML, as well as the points and EMD. For tax purposes, is it better to have my name on the operating agreement, or my business' name? For purpose of paying as little tax on the profit for the sale, does it matter if it's paid out to me or my LLC? Thanks.