Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

4
Posts
2
Votes

LLP or LLC in Pennsylvania?

Posted

Hi, BP, it's my first time posting but I'm hoping to get input from anyone investing in the Pittsburgh area (or PA as a whole).

My husband and I are just starting out and we're trying to decide on the best entity/structure. We've been doing consultation calls with local lawyers and almost all suggested creating a "parent" LLC, and then creating "sub" LLC's for each property my husband and I purchase. But one suggested creating an LLP as the "holding company" instead, (with me and hubs as a single limited partner, and an LLC we create as a 1% general partner).

I'm wondering if anyone in PA is familiar with a structure like the LLP suggestion, and what might be the pros/cons of going that route? Specifically, I'm wondering about taxes. Thanks for any insight!

Loading replies...